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/biz/ - Business & Finance


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52807870 No.52807870 [Reply] [Original]

>want to buy NFT
>how get crypto?
>open coinbase account
>upload ID, Social Security Card, Birth Certificate
>wait
>link my fiat bank
>ach transfer money in
>wait 3-5 days for it to clear
>buy ETH
>price drops 50% immediately, lose half my money
>go to Opensea
>can't find NFT because it was banned for wrong thing (decentralized!!!l)
>whatever I'll buy this stupid monkey
>link opensea to coinbase
>try to buy NFT, gas fees are too high
>find cheap NFT, gas is 30x more than cost of NFT
>try to buy, it fails. Price of NFT went up, value of ETH dropped another 50%
>find NFT I can afford, buy
>transaction fails
>coinbase emails: You have not authorized this device. Click here to authorize device
>click, need to sign into coinbase
>attempt to sign in, have to enter 19 digit 2fa code that was texted to me
>wait 30 min for text, enter it, code has expired. Repeat
>finally sign in. Click link to authorize device
>upload drivers license to authorize tablet
>re-attempt transaction
>transaction fails. Receive email from coinbase: "for security reasons we have delayed this transaction until 12/31/2025. If you would like to have the transaction go through immediately click here to upload license.
>click, need to sign in again. Complete 2fa. By now 6 hours have passed.
>upload drivers license. Algo could not read my license. Need to upload selfie.
>no one to review my docs until Monday
>Monday rolls around, eth has gone to 0. Coinbase has shut down. I will never see my money again.

The future of finance.

>> No.52808610

Ethereum caused these problems

>> No.52808651
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52808651

>>52807870
most nfts arent financial products theyre art. so fuure of finance isnt really accurate. future of digital art collecting would be a more accurate description.

>> No.52809510

>>52807870
>writing all this about a centralized exchange