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A comment on Coinbase S-1. Parent comment

Re:Coinbase S-1 by iexplainbtc on Thursday February 25, 2021 @10:12AM (#26263543)
You can't go to a bank, ask them to give you all your money in cash and hide it under a mattress (not in most countries at least).

You can go to Coinbase and simply transfer all your funds to your own wallet in a matter of seconds.

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Re:Coinbase S-1 by lottin on Thursday February 25, 2021 @10:25AM (#26263711)
I didn't know that in most countries it is forbidden to hide money under a mattress. This is news to me.
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Re:Coinbase S-1 by iexplainbtc on Thursday February 25, 2021 @08:47PM (#26270642)
What I meant is that it's not a hassle free process. You'll be reported to the IRS (or equivalent) and even be asked to bring an "approved intermediary" in some EU countries. I wish I was making this up.
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