Showing posts from May, 2017

Coinbase Restictions On Business Opportunities

The “Prohibited Businesses” section of this post was taken from the Coinbase website. You can click link below to go directly to the website to read it. If link does not work. You can visit the Coinbase website and then scroll down to Legal and Privacy and click on the “user agreement” and then scroll down to Prohibited Businesses.

If you want to continue to use Coinbase, it is recommended to deposit your Bitcoin from your business opportunities into another personal account and then transfer the Bitcoin amount from there to your Coinbase wallet. 

For example Business Opportunity A to Blockchain to Coinbase. Your goal is to make it look like a personal transfer and not from a business. But understand that Coinbase can still close your account according to their judgement. 

“Prohibited Businesses

In addition to the Prohibited Uses described above, the following categories of businesses, business practices, and sale items are barred from Coinbase Services ("Prohibited Businesses")…