Bank blocked Exodus purchase

[J.Ayden]

So I'm getting ready to do my first big boy crypto purchase! I have BTC in Robinhood and can purchase more on Cashapp as well, but I don't really want to pay vendors directly from either of them (especially Robinhood tbh, I have all my stocks tied up there) in case the address or whatever is flagged somehow and gets my accounts shut down. I downloaded Exodus intending to send over what's in my Robinhood account, which I've obviously never tried to do before. Then I realized I can't fucking send any crypto from Robinhood because my goddamn ID expired a couple weeks ago on my birthday. It'll let me buy and sell all the crypto and stocks I want, as long as it stays in their app. That's kinda bullshit to me.

I figured fuck it, I'll just buy the BTC directly on Exodus and deal with the fees or whatever, but no. My fucking bank straight up blocked it?? I got an email saying the purchase was denied, but I could "try other options like ACH" and like idk what that even is. My next option is to buy it on Cashapp and try to send it from there, but that means even more fees, and I'm worried I'll run into the same roadblock with my ID. Plus Cashapp charges a 2% fee just for buying the crypto, unlike Robinhood.

I know obviously the solution is to just get my stupid ID renewed but who knows when I'll have time to take care of all that. >_< Part of the issue is I have this weird...stress? pressure? about stocking up while I can, given everything that's going on with peptides in the US at the moment. I might try to talk my girlfriend into setting up a Robinhood account, and just buy/send BTC from there, since she just got her ID updated a couple months ago. Does anyone know if the risk of sending money directly from Robinhood to vendors is legit? Or am I worrying about nothing? Basically, if I can get her to set up an account, it would be a lot easier to have her make the order/purchase and not worry about sending money to her for the crypto, then send that to my Exodus, then to the vendor from there.

Honestly I hate crypto so much. I treat it as a high risk stock, not as actual money at all. I will admit part of it is due to jealousy/regret because a few of my more techy friends in high school got really into Bitcoin specifically and sometimes I get lost in fantasies about if I had invested back in 2010/2011 when they were using it to buy shit on the dark web or whatever lol. It's also frustrating to me how difficult/impossible it is to use anything but crypto if you want to buy directly from China. That's literally the only reason I've stuck with resellers til now. I kind of wonder how hard it would be for a vendor to set up a fake business/website and only give that link to customers so no one else tries to buy anything from there, opening up "normal" payment methods. Basically, when I was in my early 20s I for some reason really wanted to try clove cigarettes, which are illegal here. So I found a website that sold them from India -- they had a front website with other products which is how you actually paid. You sent them an email with a list of whatever you were wanting to buy and they told you the total price. Then you used the retail site and ordered a bunch of random stuff for the amount you needed to pay and that's where you'd put in your address and all that, and because your bank thought you were buying stuffed animals or whatever, nothing got flagged on either end. I know a lot of vendors used to accept Paypal or Alipay or whatever, but because the products are obviously labeled/listed as peptides, they get shut down.

I don't even know if I'm really looking for any solutions, unless someone knows something I don't. I guess I'm mainly just venting lol. I've literally never, in the almost twenty fucking years of having this bank account, had something blocked completely. It'll sometimes flag things as fraud and I'll get an email asking if it was me, but that's it. They've never just said no before, including buying from multiple resellers! It's so frustrating.

 

[Whiynot20026]

Welcome to the club. Call your bank. Tell them you’re buying crypto. Use your ach. It’s your debit card. Remember there are only two people using crypto. Criminals and the Chinese grey market.

Bill

 

[Chili777]

So I'm getting ready to do my first big boy crypto purchase! I have BTC in Robinhood and can purchase more on Cashapp as well, but I don't really want to pay vendors directly from either of them (especially Robinhood tbh, I have all my stocks tied up there) in case the address or whatever is flagged somehow and gets my accounts shut down. I downloaded Exodus intending to send over what's in my Robinhood account, which I've obviously never tried to do before. Then I realized I can't fucking send any crypto from Robinhood because my goddamn ID expired a couple weeks ago on my birthday. It'll let me buy and sell all the crypto and stocks I want, as long as it stays in their app. That's kinda bullshit to me.

I figured fuck it, I'll just buy the BTC directly on Exodus and deal with the fees or whatever, but no. My fucking bank straight up blocked it?? I got an email saying the purchase was denied, but I could "try other options like ACH" and like idk what that even is. My next option is to buy it on Cashapp and try to send it from there, but that means even more fees, and I'm worried I'll run into the same roadblock with my ID. Plus Cashapp charges a 2% fee just for buying the crypto, unlike Robinhood.

I know obviously the solution is to just get my stupid ID renewed but who knows when I'll have time to take care of all that. >_< Part of the issue is I have this weird...stress? pressure? about stocking up while I can, given everything that's going on with peptides in the US at the moment. I might try to talk my girlfriend into setting up a Robinhood account, and just buy/send BTC from there, since she just got her ID updated a couple months ago. Does anyone know if the risk of sending money directly from Robinhood to vendors is legit? Or am I worrying about nothing? Basically, if I can get her to set up an account, it would be a lot easier to have her make the order/purchase and not worry about sending money to her for the crypto, then send that to my Exodus, then to the vendor from there.

Honestly I hate crypto so much. I treat it as a high risk stock, not as actual money at all. I will admit part of it is due to jealousy/regret because a few of my more techy friends in high school got really into Bitcoin specifically and sometimes I get lost in fantasies about if I had invested back in 2010/2011 when they were using it to buy shit on the dark web or whatever lol. It's also frustrating to me how difficult/impossible it is to use anything but crypto if you want to buy directly from China. That's literally the only reason I've stuck with resellers til now. I kind of wonder how hard it would be for a vendor to set up a fake business/website and only give that link to customers so no one else tries to buy anything from there, opening up "normal" payment methods. Basically, when I was in my early 20s I for some reason really wanted to try clove cigarettes, which are illegal here. So I found a website that sold them from India -- they had a front website with other products which is how you actually paid. You sent them an email with a list of whatever you were wanting to buy and they told you the total price. Then you used the retail site and ordered a bunch of random stuff for the amount you needed to pay and that's where you'd put in your address and all that, and because your bank thought you were buying stuffed animals or whatever, nothing got flagged on either end. I know a lot of vendors used to accept Paypal or Alipay or whatever, but because the products are obviously labeled/listed as peptides, they get shut down.

I don't even know if I'm really looking for any solutions, unless someone knows something I don't. I guess I'm mainly just venting lol. I've literally never, in the almost twenty fucking years of having this bank account, had something blocked completely. It'll sometimes flag things as fraud and I'll get an email asking if it was me, but that's it. They've never just said no before, including buying from multiple resellers! It's so frustrating.

An ACH transfer is just a bank to bank transfer using the ACH network. It's secure. My bank app lets me do it right there. Just takes a couple days. If any of the accounts involved are new or it's a first time purchase, they want to know it's not fraud. Not a big deal after the first time, usually. I agree that crypto is a gigantic pain in the ass though, but times are changing.

 

[maokai]

You really shouldn't even be buying with BTC, just buy stables and pay with that.

I know that's not really your core problem which you know the solution to (just get your ID), but if you deal directly with stables you avoid so much of the headaches that come with BTC specially if you're trying to "rush".

 

[FartfulCodger]

I think I did this successfully in Exodus when it suggested I use Moonpay. And I think Moonpay got the funds from my debit card (for which I had to type in the card number). I remember there was some awful fee to pay, but I just ate the cost and figured I'd find a better/cheaper way next time (and I did).

 

[Skidude]

i buy BTC using strike, transfer to exodus, use exodus for peps

 

[ZippityDooDah]

Seems like everyone who tries to freelance buying peptides with crypto rather then following established guides is determined to find out the hard way…

 

[Rolltide61]

2 things.

1. I got lucky. When I first arrived here I was naive about crypto and I was told "just do what we tell you to". Probably saved me a bunch of heartache.

2. Don't drag your girlfriend into this. If she gets pissed enough don't be surprised when your bank account is frozen and LE is searching your house. They can be vindictive.

 

[Standish]

You might want to try using a Bitcoin ATM. From what I understand, you just scan your wallet and feed the machine cash.

 

[J.Ayden]

Welcome to the club. Call your bank. Tell them you’re buying crypto. Use your ach. It’s your debit card. Remember there are only two people using crypto. Criminals and the Chinese grey market.

Bill

Well, I'd argue crypto bros as well, who dump all their money to it in the hopes it'll take off. I'll call my bank tomorrow and hopefully get it sorted out. I'll still need to get my ID updated in the meantime though, especially because I'd rather not be buying it on Exodus if I don't have to. I will be honest, I don't super understand the difference between buying it on Exodus and paying vendors or buying it on a different app, sending it to Exodus, and then paying vendors, but...everyone says to keep it separate, so I will.

An ACH transfer is just a bank to bank transfer using the ACH network. It's secure. My bank app lets me do it right there. Just takes a couple days. If any of the accounts involved are new or it's a first time purchase, they want to know it's not fraud. Not a big deal after the first time, usually. I agree that crypto is a gigantic pain in the ass though, but times are changing.

It mainly threw me off that my bank lets me buy whatever crypto I want on Robinhood but stopped it on Exodus. I'm assuming there's some kind of difference, but that kind of stuff is over my head. But I have money tied in...three or four different coins on Robinhood, including actual meme coins lmao. I have an issue conceptualizing money as real if I can't see it, if that makes sense.

You really shouldn't even be buying with BTC, just buy stables and pay with that.

I know that's not really your core problem which you know the solution to (just get your ID), but if you deal directly with stables you avoid so much of the headaches that come with BTC specially if you're trying to "rush".

I only planned on paying with BTC because I already have several hundred dollars worth sitting in Robinhood, doing nothing. I'd rather spend it than have to pay taxes on it lol. But I can get USDC on Robinhood to send to Exodus, or I can get USDT on Exodus to send to vendors directly. Obviously I'd rather have multiple steps between my regular accounts and the vendors, though, since that's what everyone says to do.

2 things.

1. I got lucky. When I first arrived here I was naive about crypto and I was told "just do what we tell you to". Probably saved me a bunch of heartache.

2. Don't drag your girlfriend into this. If she gets pissed enough don't be surprised when your bank account is frozen and LE is searching your house. They can be vindictive.

? I'm not sure if you mean LE can be vindictive or girlfriends can be, but either way she's already "dragged into this" because half the shit I'm buying is hers. She doesn't have a regular job but is taking tirzepatide and has been for nearly as long as I've been taking sema. I wanted to make sure I didn't die or have any bad reactions or anything when I first started all this, before letting her try it as well. I also buy peptides for my little sister because she can't afford them either and her insurance won't cover it even though she's "morbidly obese" (or whatever the term is now) since she has no comorbidities. Money is a big part of why I'm moving from American based resellers to China direct, as supplying three people with peptides isn't cheap.

 

[AllCourtTENNIS]

So I'm getting ready to do my first big boy crypto purchase! I have BTC in Robinhood and can purchase more on Cashapp as well, but I don't really want to pay vendors directly from either of them (especially Robinhood tbh, I have all my stocks tied up there) in case the address or whatever is flagged somehow and gets my accounts shut down. I downloaded Exodus intending to send over what's in my Robinhood account, which I've obviously never tried to do before. Then I realized I can't fucking send any crypto from Robinhood because my goddamn ID expired a couple weeks ago on my birthday. It'll let me buy and sell all the crypto and stocks I want, as long as it stays in their app. That's kinda bullshit to me.

I figured fuck it, I'll just buy the BTC directly on Exodus and deal with the fees or whatever, but no. My fucking bank straight up blocked it?? I got an email saying the purchase was denied, but I could "try other options like ACH" and like idk what that even is. My next option is to buy it on Cashapp and try to send it from there, but that means even more fees, and I'm worried I'll run into the same roadblock with my ID. Plus Cashapp charges a 2% fee just for buying the crypto, unlike Robinhood.

I know obviously the solution is to just get my stupid ID renewed but who knows when I'll have time to take care of all that. >_< Part of the issue is I have this weird...stress? pressure? about stocking up while I can, given everything that's going on with peptides in the US at the moment. I might try to talk my girlfriend into setting up a Robinhood account, and just buy/send BTC from there, since she just got her ID updated a couple months ago. Does anyone know if the risk of sending money directly from Robinhood to vendors is legit? Or am I worrying about nothing? Basically, if I can get her to set up an account, it would be a lot easier to have her make the order/purchase and not worry about sending money to her for the crypto, then send that to my Exodus, then to the vendor from there.

Honestly I hate crypto so much. I treat it as a high risk stock, not as actual money at all. I will admit part of it is due to jealousy/regret because a few of my more techy friends in high school got really into Bitcoin specifically and sometimes I get lost in fantasies about if I had invested back in 2010/2011 when they were using it to buy shit on the dark web or whatever lol. It's also frustrating to me how difficult/impossible it is to use anything but crypto if you want to buy directly from China. That's literally the only reason I've stuck with resellers til now. I kind of wonder how hard it would be for a vendor to set up a fake business/website and only give that link to customers so no one else tries to buy anything from there, opening up "normal" payment methods. Basically, when I was in my early 20s I for some reason really wanted to try clove cigarettes, which are illegal here. So I found a website that sold them from India -- they had a front website with other products which is how you actually paid. You sent them an email with a list of whatever you were wanting to buy and they told you the total price. Then you used the retail site and ordered a bunch of random stuff for the amount you needed to pay and that's where you'd put in your address and all that, and because your bank thought you were buying stuffed animals or whatever, nothing got flagged on either end. I know a lot of vendors used to accept Paypal or Alipay or whatever, but because the products are obviously labeled/listed as peptides, they get shut down.

I don't even know if I'm really looking for any solutions, unless someone knows something I don't. I guess I'm mainly just venting lol. I've literally never, in the almost twenty fucking years of having this bank account, had something blocked completely. It'll sometimes flag things as fraud and I'll get an email asking if it was me, but that's it. They've never just said no before, including buying from multiple resellers! It's so frustrating.

When this happened to me, it turned out that I couldn't do ACH or debit in PayPal, Kraken, Coinbase, or Exodus if the funding account was a joint account. No one from those apps would just tell me that outright. It was so frustrating.

I eventually opened a solo account at my bank then a crypto account at the same bank. I funded the crypto account from my solo account then instantly sent the crypto to Exodus. So many steps. I only buy and transfer crypto on days when I make a purchase purchase.

Ymmv though. I posted about this problem here and most replies made me sound a little crazy.

 

[J.Ayden]

When this happened to me, it turned out that I couldn't do ACH or debit in PayPal, Kraken, Coinbase, or Exodus if the funding account was a joint account. No one from those apps would just tell me that outright. It was so frustrating.

I eventually opened a solo account at my bank then a crypto account at the same bank. I funded the crypto account from my solo account then instantly sent the crypto to Exodus. So many steps. I only buy and transfer crypto on days when I make a purchase purchase.

Ymmv though. I posted about this problem here and most replies made me sound a little crazy.

Huh, that's odd about the joint account thing. I mean, I guess it kinda makes sense that it wouldn't be allowed, but it's especially odd that no one would just say that.

My bank doesn't offer a crypto account and apparently has a standard practice of blocking "crypto asset transitions" but also, recently partnered with Coinbase to allow people to use their credit cards and rewards for USDC. Makes no sense to me that they'd allow credit but not debit but what do I know.

Yeah, my plan at the moment is to just get my ID renewed so I can do what I was planning on doing -- use my existing Robinhood account to transfer to Exodus. I'll switch to a stable coin once I use up my BTC so I don't have to deal with it anymore lol.

 

[mtomm]

So I'm getting ready to do my first big boy crypto purchase! I have BTC in Robinhood and can purchase more on Cashapp as well, but I don't really want to pay vendors directly from either of them (especially Robinhood tbh, I have all my stocks tied up there) in case the address or whatever is flagged somehow and gets my accounts shut down. I downloaded Exodus intending to send over what's in my Robinhood account, which I've obviously never tried to do before. Then I realized I can't fucking send any crypto from Robinhood because my goddamn ID expired a couple weeks ago on my birthday. It'll let me buy and sell all the crypto and stocks I want, as long as it stays in their app. That's kinda bullshit to me.

I figured fuck it, I'll just buy the BTC directly on Exodus and deal with the fees or whatever, but no. My fucking bank straight up blocked it?? I got an email saying the purchase was denied, but I could "try other options like ACH" and like idk what that even is. My next option is to buy it on Cashapp and try to send it from there, but that means even more fees, and I'm worried I'll run into the same roadblock with my ID. Plus Cashapp charges a 2% fee just for buying the crypto, unlike Robinhood.

I know obviously the solution is to just get my stupid ID renewed but who knows when I'll have time to take care of all that. >_< Part of the issue is I have this weird...stress? pressure? about stocking up while I can, given everything that's going on with peptides in the US at the moment. I might try to talk my girlfriend into setting up a Robinhood account, and just buy/send BTC from there, since she just got her ID updated a couple months ago. Does anyone know if the risk of sending money directly from Robinhood to vendors is legit? Or am I worrying about nothing? Basically, if I can get her to set up an account, it would be a lot easier to have her make the order/purchase and not worry about sending money to her for the crypto, then send that to my Exodus, then to the vendor from there.

Honestly I hate crypto so much. I treat it as a high risk stock, not as actual money at all. I will admit part of it is due to jealousy/regret because a few of my more techy friends in high school got really into Bitcoin specifically and sometimes I get lost in fantasies about if I had invested back in 2010/2011 when they were using it to buy shit on the dark web or whatever lol. It's also frustrating to me how difficult/impossible it is to use anything but crypto if you want to buy directly from China. That's literally the only reason I've stuck with resellers til now. I kind of wonder how hard it would be for a vendor to set up a fake business/website and only give that link to customers so no one else tries to buy anything from there, opening up "normal" payment methods. Basically, when I was in my early 20s I for some reason really wanted to try clove cigarettes, which are illegal here. So I found a website that sold them from India -- they had a front website with other products which is how you actually paid. You sent them an email with a list of whatever you were wanting to buy and they told you the total price. Then you used the retail site and ordered a bunch of random stuff for the amount you needed to pay and that's where you'd put in your address and all that, and because your bank thought you were buying stuffed animals or whatever, nothing got flagged on either end. I know a lot of vendors used to accept Paypal or Alipay or whatever, but because the products are obviously labeled/listed as peptides, they get shut down.

I don't even know if I'm really looking for any solutions, unless someone knows something I don't. I guess I'm mainly just venting lol. I've literally never, in the almost twenty fucking years of having this bank account, had something blocked completely. It'll sometimes flag things as fraud and I'll get an email asking if it was me, but that's it. They've never just said no before, including buying from multiple resellers! It's so frustrating.

You and me both brother. I've run into so many roadblocks.

 

[jsc1980]

If this comes off snarky, I apologize in advance but, not sure why people seem to get so bent out of shape over using crypto.
Step 1. Setup an exchange account (there are a lot of different ones, so pick your favorite). You will probably have to do KYC stuff, but that's the government not the crypto's fault.
Step 2. Setup another non-custodial wallet (Trust, Exodus, etc.).
Step 3. Buy in the exchange
Step 4. Send to the other wallet
Step 5. Send to the vendor

Personally, I add a few more steps to make tracing the transactions/wallets a little harder, but that's just habits from my younger years. Even with those extra steps, none of it is that hard if you just sit down and do one step at a time (imo). And yes, sometimes there are fees. Just like buying anything online has fees, taxes, etc. You're not paying sales tax, so just count those fees as the crypto tax.

The biggest takeaways are (i) don't crap where you eat (aka don't send from the same wallet you used to purchase because that is tied to your funding source and could have repercussions) and... nope guess that's it.