I originally posted this in the daily, but thought it deserved its own post.
So, I just transferred some fiat onto my exchange, and within 20 seconds, my phone rings. Nancy from the bank wanted to check if I had made a transfer to a crypto exchange and weather it was because of my own research or if I had been instructed to do it. I said it was my own research and I understood there were risks to crypto. She thanked me for my time, then explained that they were following up on first time transfers to exchanges as part of their fraud prevention. (Not my first transfer, but Iβll ignore that for now). Once happy that I knew what I was doing (not that I claim to know anything) there was no attempt to talk me out of it. My funds arrived instantly. Basically the bank is proactively contacting customers when they first interact with an exchange to try to gauge whether they are doing it because the want to invest, or have they been scammed by someone. I didnβt need the phone call, but I can easily imagine someone like my mum falling for a scam to transfer money to an exchange, itβs nice to know this safety is in place.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments