TOS

Wabusho

Never use WISE. They block every transaction related to crypto even if it’s not directly I couldn’t send nor receive any money from Kraken using WISE. When I told them to unlock this shit, they said it was impossible and against their TOS. They’re trying to prevent you from winning. Fuck them. Let them lose and stay in the past where they belong

SmoothGoing

Failure to read TOS.

SmoothGoing

Read the TOS

Jumpy-Chemist9244

Copy the entire TOS?

Deminero30

Gambling is against most exchanges TOS.

Jumpy-Chemist9244

I withdrew from a gambling website into an exchange. My issue is happening in the exchange as they demanded KYC and proof of where the money came from. I can KYC but just asking if gambling websites are against the exchange’s TOS.

Teen_Tan2

Unfortunately, Binance pulling out of Canada has made this tricky. Your best bet is to contact support and request a manual withdrawal due to regulatory lockout. Some users have had success getting funds moved to wallets or alternative exchanges like Kraken or Bitbuy. Don't risk TOS violations with VPNs—they can freeze accounts.

North_Researcher_61

Lucky you, I signed up with River and as soon as I made my first deposit they closed my account. Really hard for me to see how making a depost violates their TOS, or is unusual activity.

kyuronite

Have you deposited USDC before into Revolut prior to October 2023? USDC has two contracts associated with it, the one that you used is the USDC.e which is bridged MATIC, which is not the same as native USDC. Most exchanges ask you to double check the contract address on the network you're sending from as well. Since you sent it on USDC.e, they have to manually retrieve the funds for you. This is not usually as simple a task as you think. In theory, they just need the private keys to that wallet, add the token, then send it back to you. However, **revolut does not hold the crypto directly. It is with a third party trusted custodian**. Hence, they'll have to work directly with them in order to retrieve it. Some exchanges will just tell you, too bad so sad, you're shit out of luck. Some exchanges WILL retrieve it for you, but it'll cost you a fee. Think like ~50 USD + % of funds sent. You should probably ask them to do that and you'll have to provide proof that you sent it by providing receipts that you own the wallet (or if it came from an exchange, the withdrawal request) as that'll be where they'll send the funds back to. In any case, it IS considered best practice to send a test transaction first, before you sent the full amount. Sucks it happened, but yeah, exchanges do have it in their written TOS where if it's sent through an unsupported network/coin, you're at their mercy whether or not they'll retrieve it.

MikeMiller8888

It was, and at this point your only recourse would be to sue LastPass. Sadly, that’s not the slam dunk that you see it to be from your end; while you know your funds were stolen, the arguments from the other side will be “maybe, but they could also have drained it themselves and used this as an excuse to sue” and “even if it were true we aren’t liable according to our TOS”. But if you’re talking about a significant amount I’d suggest talking to a lawyer regardless.

Particular_Trainer89

in the robinhood's TOS, they say that they will send u an email.

B_Traven9272

My first receive was the $10 in free Bitcoin from Coinbase for opening the account. The second receive is me cashing out some winnings from my (illegal) sports betting account; BetOnline. Of course, I no longer do this due to a much stricter TOS, to avoid getting my account frozen.

Comedian_Then

If the reserves exceeded the liabilities why ask for bridge loans? I tell you because they lying and bridge loan is cheaper than buying directly ethereum. Most of these reserves are part of customers savings/holdings. They can't just use them legally without asking permission from the owners. So that's why asking for bridge loans. From a exchange perspective they need to say "everything is fine, you can take your money if you want" to keep the clients a little more calm, show they are in control of the situation. When they have a 1.5 billion whole in their company atm. Plus the loans interest, hired lawyers, researches to follow the crypto path. They just need to keep up with the liquidity for the withdrawals. Locking clients funds is a clocking bomb until someone sues them if they go agaisnt their TOS.

OrganizationTime5208

Says man with multiple removed comments in his comment history. lmao Yeah it's the liberals that make you break the TOS.

yowen2000

Did they tell you what part of their TOS you violated?

Loud-Big-144

hate to break it to you but robin hood does this to keep bitcoin on their exchange, bitcoin is becoming a big thing and exchanges don’t willingly want to let it go, if you check the TOS i believe it also states that you don’t own any crypto you purchase and remains a robin hood asset, i love robin hood and i will continue to use it for stocks but my crypto has been deactivated for the longest time for the same reason

Zwetzak69

Not to say that hate groups specifically are bannable because they're going against Reddit's TOS. I and many others have reported them multiple times, but they never disappear from the face of the Earth. Someone at Reddit HQ is very fond of them and their 'activism'. Probably another neckbeard who bought high and sold low, like 90% of the incels there, and now hates BTC for life because he's priced out forever.

Zwetzak69

Except we don't lose our marbles when it drops 5% (except for a few people who are brand new). You guys practically cream your pants with the first red candle you see, circlejerking that "you were right all along". Too bad you're silent after the price increases 10% a day later. That whole group is useless and it's a hatesub that should not exist. They break multiple of Reddit's TOS but somehow it doesn't get deleted. There's clearly someone at the HQ who's very fond of you guys and what you stand for.

Important-Band-6341

River doesn’t charge fees after an initial set up. Either one transaction or maybe one week for daily buys. Read their TOS but it’s definitely fee free after a certain point.

Whiskey_Water

They copied existing tech that took billions to innovate. Trained using cloned OpenAI API, and you can coax OpenAI TOS out of it, also.

richb83

This is what I don't understand. If it's open source can another startup just use the deepseek tech and strip if of it's ties to China? I downloaded the app and went through the TOS and didn't feel comfortable creating an account.

Striking-Block5985

Move it to Fidelity, Etrade, TOS, TAsty or any other broker most let you buy BTC ETF's oh and tell them why you are moving

Successful-Walk-4023

If by lockout you mean your bank cutting you off because you used Coinbase then sure. This does not directly impact the typical Coinbase lockout of breaking TOS such as gambling, etc. Perhaps it could be argued that Coinbase wouldn’t require these TOS if it wasn’t for increased pressure and scrutiny though.

Castille_92

Damn....that really sucks and I would definitely be fuming. That's why I stick with centralized exchanges like coinbase. These dex's can basically do whatever they want as long as you agree to their TOS

mtpnnk

AscendEx (formerly BitMax) does the same shady inactivity fee thing. I got burned by them while staking some AKT in one of their earn programs. And while their TOS mention a $10 inactivity fee, in reality it was more like $30 a month at pretty arbitrary intervals.

CriticalCobraz

Thanks for exposing those exchanges with scummy TOS and sorry for your loss

ieraaa

Are they still online because I will e-mail them about this. Its probably hidden in their TOS but holy shit this is fucked up

Blooberino

And therein lies the problem with constant changes to T&C/TOS/EULA. They're abysmally long and full of worthless BS, but then they sneak some snakey shit in.

JustSomeBadAdvice

Inactivity fees are not the same as keeping a forgotten deposit. Unclaimed property laws wouldn't apply if it was an actual fee due to inactivity (or most other fees in their TOS).

Freakin_A

Doing a sell for a refund back to credit card through Apple Pay is probably against TOS for most payment providers. And think about the havoc it would reap on award/cashback cards if you attempted to cash out a big crypto gain. Basically this is not a mechanism that would have ever supported selling.

SillyMoneyRick

Your tone was what it was. As far as the TOS. I read the ones listed on their website and it says no such thing. I'll look into the TOS you posted. From what I understand there are certain wrapped tokens on moonwell that are US prohibited and a pop up will block you from buying them if you're in the US.

SmoothGoing

>You're coming across as butt hurt and angry. And you're wrong. What TOS violation? Are you going to take this back now?

SillyMoneyRick

You're coming across as butt hurt and angry. And you're wrong. What TOS violation? Check out morpho too. About to start lending/ staking with them too.

Jorgund

Most likely it is allowed. Have you ever read the full TOS for the change you’re using?

hayden_t

VISA/MC does not allow crypto purchases, against TOS

Efficient-Hat5546

You were also physically in Cuba (as recent as 5 days ago based on your comment) and Kraken TOS specifically does not serve customers in Cuba. For future references, the majority of all banks and exchanges like Kraken/Coinbase will do this exact same thing. They would rather be safe than sorry, as in allowing your $50 payment to go through might result in a big ass fine. Read up on the other things banks/exchanges have to do for OFAC, and it doesn’t end at stopping your $50 transfer. Suggest you use the existing rails that allow you to safely transfer funds to your friend in Cuba.

ProBrown

Technically, they probably did when you signed up for the account. It could be as simple as you are only allowed to send money to countries that they can legally operate in. I don't think they are required to tell you after the fact because you probably agreed when signing up. Not defending their actions of taking your money though, and hopefully it's all just tied up in some legal red tape temporarily. I'm not sure (wouldn't think so) if it would be legal to take your money for a breach of TOS, so you'll probably see it again at some point if you are persistent, and maybe find a consumer protection agency that is local to your area.

BuckleupButtercup22

Ease of use and the transaction fees are lower. It's better for small amounts of cash and sometimes some services want a $100 or more minimum.   If there is a Violation of TOS (there isn't) then why don't they, I don't know, tell me???

idliketoseethat

Did you read your TOS agreement or just click the box to get your account opened?

athomasflynn

You can still send it as crypto without involving the exchange. But that doesn't matter. We both know what really happened here. They seized it because you violated their TOS when you attempted to send money to a flagged address. That's literally the only way they would even know if the money was leaving the country. It's not like wallet addresses have country codes. They'd only know the destination is in Cuba if it was already implicated in other crimes. You know what you were trying to do and it didn't involve helping some poor unfortunate soul buy food. Kraken was absolutely right to shut you down and seize your account. The head of their largest competitor is sitting in jail right now because he let his customers move assets without oversight. You fucked around and found out and now your only recourse is to dump FUD on here because you know you can't contest it through other channels. My guess is that you're a money mule and you just lost your cut. Or were you buying gift card codes on the dark web? Either way, Kraken isn't spending your money. They're holding it as evidence while they send the KYC info to the FBI cybercrimes division. You'll get it back when they clear you. If they don't, you have bigger problems. Did you know that this post is admissable?

AadamAtomic

Damn, Y'all didn't even read the Reddit TOS did you? This is kind of fucked.

rothentic

It was great for me too, for 6 years... They banned me for no discernible reason and when I asked, they directed me to read their TOS. Customer service can't tell me why my account was closed. Their TOS basically states they can close your account at any time for no reason. This is happening a lot lately to other people for seemingly no reason and there's really nothing you can do, so be careful!

SmoothGoing

That's a TOS violation. Set up your own.

Liebss

But.. how is it a scam if it says it in the TOS. If you know it’s not transferable, and you know it’s going to the personal account, then you’re actively donating by buying this token. Culties, by all means, keep giving him your money.

NugKnights

Not only can you not trade them. The money is not going to his campaign. It's going directly to his personal account. It says so in the TOS. He's literally scamming MAGA culties.

jollymon21

I've been caught in bad trades to Thinkorswim by incorrect pricing 3x this year and they won't correct trades.... I have a a freaking PM account and you won't correct my trade when TOS has crapped the bed since the Schwab merge disaster off the cliff??? How hard is it to just print off of last trade for literally any asset on any major exchange. Heck just pick one. How can this be 'broken' and stay broken?

jollymon21

Yes reported it 4 times. Tricked me into a significant trade on MSTR (because TOS doesn't show BIT). Can't sue them - but f$&k!! Seriously? Literally they are they only ones that have the wrong price?? Finally went to their chart and price is right by graph - just not label... I recovered the trade but cost me thousands for 2 days. Pissed...

farmyohoho

It's maybe against crypto fundamentals, but not against the platform fundamentals. There will be a line in the TOS that says they can do this. Store your crypto in a cold wallet and it will never happen to you. Not your keys, not your crypto.

NukeouT

I guess youre not getting it. Should a crypto marketplace be able to turn off the cypto you own in your wallet? Should they be able to do so because of what you post on Reddit or because you were caught on camera pissing on the wrong building in San Franciso? These are serious questions - please have serious answers instead of just trying to win an argument with me. We already have a problem with this with PayPal who can dock you cash and crypto if they decide they disagree with what you post online according to their TOS

benditbackwards

hate to break it to you, but money in the bank is theirs not yours, never was.. ready your TOS.

SmoothGoing

VPN to go around regional restriction is a violation of TOS.

LatinumGirlOnRisa

I had heard of Revolut but didn't know exactly what services it offered and never visited the site until a few minutes ago. anf after checking out the very badly organized and non-user friendly site + after reading the "Criticism" section of the Wikipedia article about it I will say it's definitely a hard pass on me ever considering signing up for an account there. I mean, what a *disaster* of what clearly seems like a 💯% sketchy & totally immoral online bank/fin-tech service company.as they've apparently pulled the same unjustified account freezing that Paypal is notorious for and they treat their employees like cr@p: [Revolut Wikipedia Article ](https://en.m.wikipedia.org/wiki/Revolut) no one should trust Revolut - and yes, as others have pointed out, it's definitely NOT a crypto exchange. and based on the OP's post I kindly suggest they put a pause on dealing with cryptocurrency unless they educate themselves about the various kinds of *actual* exchanges there are and to always carefully read the fine print [the TOS] anywhere they open an account. also, it's important to know about the various kinds of wallets that exist + study well how to take radical responsibility by learning about best crypto security practices, which includes but are not limited to: establishing good security habits early on and learning about the different kinds of hot wallets and hardware wallets, like knowing what makes one a cold storage wallet and what a fully air-gapped wallet is. and when making use of wallets it's crucial to immediately record seed/recovery phrases 'analog' style. meaning never, in any way, store them electronically or by using a password manager and not by storing them in 'the cloud.' and always wise to write down each set of recovery phrase words at least 3 times, in numbered order, on 3 different pieces of paper - and then HIDE them in 3 different places. later a more robust seed phrase storage solution can be purchased, such as steel tiles or one of the other options. being discreet, too, is also wise re: not talking about holding coins, tokens and or NFTs, such as NFT artwork, with people in the real, offline, brick & mortar world who don't need to know. and they should look into what a crypto 'wrench attack' is in order to keep themselves and those they care about *safe.* also key to watch out and ignore anyone who claims to be able to help with problems in DMs, emails or anywhere that's not in the public Reddit forums for all to see. I say all of that because that the OP was so confused about why they couldn't withdraw Ethereum from their Revolut account makes it more than likely they'd be further confused dealing with crypto in the future. which means they'd also be vulnerable to making future mistakes which could very easily lead to them losing funds. and there are already far too many heartbreaking stories about people losing funds. which in most cases would have been preventable had the affected individuals had more information. in any case, hope this helps the OP and whoever else new to crypto that might find this reply.

chairoverflow

gl. paypal has been always tricky. lot of cheetahs and it's been also agains TOS of paypal to use it as payment for btc. so no good ground to appeal chargebacks (and frankly people paying with reversible methods are usually the bad actors if problems arise) I wouldn't be suprised if a paypal2bitcoin service would let you wait 180 days before releasing btc

360withscope

True. Reddit is not any better and actually did this several years ago to r/thedonald for totally made up reasons. i was in the community and they were all actually very kind, mindful of TOS, and would argue with differing opinions without calls to violence, unlike a lot of the leftist subreddits.

tragic_romance

Frustrating that people don't understand that. I suspect that ITC is taking a spread, which TMK is not in their TOS. Makes me mad but what can I do.

VinceP312

It's small claims court. Judges, like humans, learn from experience. So as she stated a few times to Coinbase.. why isn't this "Unjust Enrichment". Coinbase offers that their TOS is hardline against their customers.. no human error is tolerated. So Judge has to do some research on what position trumps the other. So good for her for taking the pause while she makes sure she's making the right judgement. Imagine a new Credit Card company that starts issuing Credit Cards. They support all the typical things EXCEPT one aspect of merchandise returns. So customer goes TJ Maxxx to do a return, the merchant sends the money back to the Credit Card (or the Credit Card deducts the pool of money they send to the store... whatever/however it works). But new CC company says, Sorry we haven't figured out how to credit the account holder's account. So Credit Card company "has the money", it hasn't gone anywhere, it wasn't sent to someone else by mistake..it's just sitting on their books... but because they didn't bother programming a way to enter the return onto account's ledger, they tell their customer.. sorry if we get around to paying software people to make this happen, we will keep the money. You're SOL. That's the analogy I would make if I was the Plaintiff.

VinceP312

Last weekend, I ran across this hearing from a Washington State Small Claims Court. (I read this sub a lot, but I have zero crytpo history, so my recap might be using the wrong words) Plaintiff is suing Coinbase because CB is holding onto $20,000 worth of coins that he accidently transmitted via Solana, by mistake. CB says the guy made a mistake and the TOS protects CB from mistakes and warns users that they could lose money via an invalid transaction. Judge asks CB why this isn't a case of Unjust Enrichment. Why is a human error not accounted for in their platform. If this guy made a mistake then undoubtedly many other people have made this mistake.. so how much money that belongs to other people does CB hold. Lawyer for CB says CB may or may not program in a recovery method but it could take a year. Judge says what if you guys never do it? Does plaintiff lose his money... you have the money. So, in a rare small claims circumstance, Judge declines to make a ruling in the hearing, and says due to there be very very little case law surrounding this , she has to do some research and will make a ruling in a few weeks.

GachaponPon

They are regulated by the Japanese FSA and must follow the rule about keeping assets separate, which they do by putting mine in a cold wallet separate from their own. They cannot trade my assets but I get that they can stake them. I just want to know who bears the liability for slashing losses. they ought to put that in their TOS but they don't.

miroshi2

If you read TR's TOS you'd find out that they do not protect you against loss of crypto assets, in case of a hack or similar event, you would lose everything! Anyway, a couple of months ago I started accumulating BTC with them. I've managed to accumulate a sizeable amount of BTC, over 100K EUR, which triggered their "anti money laundering alarm" and they started annoying me with emails, requesting proof of wealth, I went through so many messages with them, literally explaining them my life style, how I managed to save money via frugalist style of living, showing them 10 years of my bank statements, still not able to prove anything, so they blocked my in-payments. That was the last drop of patience on my side, so I started selling all their IOU BTCs and buying back real BTC and keeping it in my own cold wallet. I've lost significant amount of BTC to volatility while doing these transfers, not mentioning the fees, and now I keep beating myself for doing such a stupid thing as to start buying IOUs BTC with TR. STAY AWAY!!! Not your keys not your coins! The IOU BTC is never truly yours and is a subject to surveillance and censorship!

bigocreddit

If every lender’s TOS say “your bitcoin is ours now and you are now an unsecured creditor at the end of the line”, why would you ever borrow against Bitcoin? I will never be borrowing against my Bitcoin. I will simply borrow unsecured printed dollars for as long as they exist. The USA is the Mecca of consumer debt products and the economy is a debt based one remember? I cannot ever risk my Bitcoin because I cannot print it. The bank can always risk lending printed dollars because they can always just get a fresh batch when required from bailouts or the Fed.

SmoothGoing

They all do. Read the TOS you agreed to.

WineMakerBg

Easy means Wrong most of the time. Revolut could change their TOS at any point. Their fees are ridiculous. Use them as intended, not for asset custody.

MinimalistMindset35

No, I read the TOS, CA specifically says that you own your Bitcoin (which is different than allot of exchanges). I’ve been in Bitcoin long enough to see exchanges rug customers so I always transfer anything over 500

Forgot_Password_Dude

the judge ruled that the coins we deposited was not ours as stated in the TOS (which was changed a few months before bankruptcy, which was one of the many reasons that caused many to start withdrawaling). you had to agree to the new TOS in order to withdraw. and once you withdraw, you're technically stealing from the company and other depositors since the money is no longer yours (based on new TOS). its also how banks work, the money you deposit isn't really yours; they can do weird things with it and depending on their mood or your reasons for trying to withdraw your money, they can refuse.

Blue_Moon_Army

TOTP is an open standard that many companies are trying to make a paid feature exclusive to them. All they have to do is write in their terms of service that any breach in security due to importing secret keys to an unverified app releases them from liability. Companies write plenty of other egregious bullshit in the TOS (Adobe.) This seems pretty minor. Or they could allow you to export, but only if you delete your account with Authy. Why not have a system where the user agrees to sign a form saying they voluntarily absolve Twilio of responsibility and have their account deleted, then the secret keys are available for export? Because they don't want you leaving their platform. Twilio wants the ability to change the terms of service, pricing model, or whatever else they choose under the hood, and the user has no choice but to agree to it because their secret keys are being held ransom. Even using other authenticators that don't allow for exports, they don't require a phone number. Twilio specifically demands it, rather than letting you create an account with them and manage things similar to Microsoft Authenticator. Requiring a phone number also opens Authy to SIM swap attacks, an issue literally no other authenticator has. All because Authy demands your phone number. Phone numbers also make it far easier for a company to track your online activity and buy/sell your data. I'm willing to bet Authy is "free" because the data they can gather with your phone number is pretty damn valuable. They know nearly every website you have an account with if you enable TOTP on it. It's verified as you because they have your phone number. Even porn websites have 2FA now. So now Authy knows what you jack off to. I would rather use Microsoft Authenticator than Authy. I still consider them privacy invasive, but at least they don't require my phone number, then have shitty enough security that it ends up getting leaked. Because of Authy's insistence on having your phone number when no other authenticator requires it, I specifically suspect them of more privacy invasive intentions than any other provider.

MichaelAischmann

Idk what it takes. A governance proposal or for reddit to change their TOS.

Ninja_Gogen

Option to see your seed phrase and in the TOS something stating they can share your seed phrase with third party companies.

cryptdoh6

I should be receiving my first set of moons soon. I am a little concerned though because I’ve read that selling them for USD (or converting to another crypto that can be sold forUSD) is a violation of the TOS. However, I am not sure if this is really accurate, or perhaps the TOS have updated to allow it.

cryptdoh6

I should be receiving my first set of moons soon. I am a little concerned though because I’ve read that selling them for USD (or converting to another crypto that can be sold forUSD) is a violation of the TOS. However, I am not sure if this is really accurate, or perhaps the TOS have updated to allow it.

LatinumGirlOnRisa

yes, I didn't say anything about not knowing the TOS, all adults know that [or they should] if they have a credit card..I just don't agree that it's reasonable.

Puking_In_Disgust

Their crypto service is ass, but I’m more annoyed with their TOS practices. Basically if you come on their radar for any kind of controversy (and I’ve seen some cases where it’s a pretty mild opinion expressed), they reserve the right to make getting your money out of there an absolute nightmare at best, or straight up taking (iirc) like 2 grand. You or I will probably never have to worry about that, but it’s still a guillotine hanging up there. Maybe you walk past the wrong protest and there’s a video of it, or something along those lines, you never know…

leeharrison1984

After they tried to sneak in the TOS changes that would allow them to confiscate money as they see fit, I completely closed my account. I will never use PayPal again.

MichaelAischmann

Being on Arbitrum Nova does not help. The network is not popular with exchanges. We also have a relatively low volume & Reddits TOS against us.

Mr_Bob_Ferguson

Good enough for Reddit TOS, good enough not to declare as income on taxes. Disclaimer: Not financial advice.

Odysseus_Lannister

Well hello, Reddit TOS

ThatOtherGuy254

It's because they announced it on Twitter instead of sending an email. I don't remember the TOS requiring me to have a Twitter account to stay informed by Blockfi.

DankOcean

TOS-style rug-pull

_who_is_they_

Basically TOS is there to unperson you. Broke our TOS? That means we can censor you among other things.

BrocoliAssassin

The rich will always get their way. Tired of stupid TOS's that are always in favor of corporations. Hell, even if it is in favor for customers it still does not matter, just look at FTX. BlockFi was also charged with lying/misleading customers and guess you got all that money? The SEC and gov. NONE of it went to the customers. Quicker we all realize this is a rich mans game thats rigged for the rich the better we can get through the bullshit as best as we can.

JuggaliciousMemes

im surprised reddit doesn’t hit the downvote-spam accounts, i would think that would be considered vote-manipulation which is against reddit’s TOS

Giga79

Did you sign up for their newsletter, how did they get your email address? Their TOS state they do not sell your information. I'd take this up with them, and see what they have to say. Not so uncommon for an insider to violate company policy without the company knowledge.

comp21

A phone app that is open source has been checked by hundreds, if not thousands of programmers to verify there's no back door or even an app that simply has been around for years (mycelium for ex) and proven itself vs Robinhood that has shown itself many times (in its very brief history of existence) not to be trustworthy and has very clearly in their TOS a paragraph explaining you do not own anything on their app, you owe an iou from them to you for anything on their app... Sounds like good planning. You were better off claiming you're not handling your finances correctly because you're "not very good with computers".

kirtash93

Arbitrum Nova fees are so low that I dont even care moving stuff. It is awesome. I would be happy if Reddit just change their TOS.

dopef123

I'd say if you use customer funds and lend them out to basically yourself against the TOS that constitutes fraud. But I'm not a lawyer.

DowvoteMeThenBitch

Does it have to be Reddit endorsing the move for moons to be on exchanges? If there’s a grey market for a commodity, exchanges could choose to list on their own couldn’t they? It would be against Reddit TOS but that doesn’t mean Reddit has to enforce anything and it doesn’t make it illegal to sell on an exchange. Seems like there’s really no barrier except adoption.

Slamdunkdink

Sending or receiving from a gambling site on coinbase is a violation of their TOS. This will get your coinbase account closed.

DrakharD

Isn't this a same thing as me paying Amazon to use it's services. Amazon could not care less who the hell are you exactly if you pay and adhere to law and their TOS.

Dfranco123

This. I’ve been a Coinbase customer for 3 years now and have had great experiences. Even when I have an issues I email them and they resolve my issues within 1-3 business days. They aren’t the fastest, but they do get my stuff resolved. Try not to use a VPN this locks peoples account all the time. Do not send money to sketchy projects this also locks peoples account. Things like this is what people do not tell you since they have broken TOS from Coinbase that you SIGN when you accept using their platform. Even having the Coinbase card and going into a gun shop will lock your account. People just don’t read the TOS. Which is mind boggling if you invest money in a platform…

MichaelAischmann

To me this sentence is a collection of lies. Thanks for finding the relevant part of the TOS.

90DayF

[TOS.](https://www.redditinc.com/policies/beta-terms-of-service) “Community Points have no monetary value (i.e., are not a cash account or equivalent), cannot be sold to other users, and cannot be exchanged for cash or for any other goods and services outside of Reddit’s virtual goods or services.”

MichaelAischmann

What exactly in the TOS speaks against a CEX listing? So far I thought we just don’t have enough volume for a bigger exchange to care about Moons.

90DayF

I doubt that will happen with any of the big CEXes due to the Reddit TOS :(

conceiv3d-in-lib3rty

A CEX would have to go thru reddit, it’s their coin. There’s a whole process with getting listed. reddit’s TOS states that the coin has no monetary value.

kirtash93

They will eventually add community tokens as a payment but I think we will have to wait until there are clear regulations and Reddit to change the TOS.

Yurion13

or predatory TOS (Terms of Service) that we have to agree to when we sign up to open an account. But his lies on his youtube weekly AMAs should land him in federal prison for promoting a ponzi.

Acidhoe

Reading the article violates Reddit TOS section 8.1

CappucinoAtDawn

i'm 100% sure that reddit is already working on it, dont forget that moons are just a test for a much much bigger project. i believe that after changing the TOS of moons to have a value, reddit will accept it as a payment for some type of use. after moons having a Legit value, nothing will stop binance from listing moons. what do you guys think ?

SmoothGoing

My bank credits interest every month. FDIC insured side cash is earning interest. Not sure what it's got to do with gold or babies. What am I looking up in TOS?

ChemicalGreek

But Reddit says in their TOS that moons have no monetary value

jps_

This is how the law actually works, and why FTX and Celsius were a "big deal". Most of the folks holding accounts on exchange will be lucky to get pennies on the dollar when the dust settles. Remember "not your keys, not your crypto"? That is very true. When you deposit crypto with coinbase (or any custodial exchange), it's in an account controlled by their keys. That gives them what is called a right in title. In other words, it's actually theirs. In return, you get from them a right in contract. It's contractually yours (the contract is their TOS). Now... those TOS might say "it is your crypto", but that's just a contractual statement, which is read "as if". So title goes in fact to coinbase, and in contract to you "as if" it was in fact yours. But really it isn't. This works perfectly as long as Coinbase can satisfy all of its contracts. But a firm declares bankruptcy when it can't meet all of its contractual obligation when they come due. What happens if coiinbase goes bankrupt? A court has to decide which contracts get fulfilled, and in what order, from a fair distribution of all the firm's assets. That process consumes many many billable hours of many lawyers. Which eats away at the assets. Often until there is nothing left. And at the end there is agreement on how much of what would have been there could have gone to everybody. Then the lawyers get paid, the trustees get paid, the secured creditors get paid... and if there's anything left, everyone left gets a fair share proportionate to what "could have" gone to them. But even if your were 20 million in crypto was 2% of deposits when they had a billion on deposit, if at the end all they have is $100, you get your 2%, or $2. Good luck with that. There are ways they can create a legally defensible trust, or a third party depository, which segregates your assets from theirs. Indeed, they would be required to do so if they were compliant with securities exchange laws. But they aren't doing this. So, yes, your understanding is correct. Not your keys, not your crypto.