I love that Prohasing has been ProActive and found a way to pay out in BitCoin through Coinbase.
Coinbase are a highly reputable company and I believe one of the most innovative. Right now, I am gutted that the company in which I placed my trust (and pay hefty commissions to) has a major gap in their service.
For UK bank account holder ONE KEY FAIL is that IF you do not have a EURO account, you cannot never get £££ out of Coinbase. If you want cash, you have to pay your bank £15 (cheapest I found) to send a confirmation in Euros.
In a nutshell, Coinbase have written off some 20 Million ++ potential customers (noting that about 20% of all EU financial services jobs are in the UK). That market is there for the taking.
I seek Alternatives:
- Litecoin Local - seems legit - I'm looking for other options.
- Revolut may become an option when they get a banking licence.