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My POSB/ DBS debit card got rejected when i tried to buy. I tried to use my other card Citibank and i got rejected as well. Now they totally blocked me from going in. Anyone experienced this on coinbase platform? How do I overcome this issue?
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Bobby Lee
10 May 2021
Investor at Investor@Singapore
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Hi there,
Not sure if I'm helping but I wouldn't recommend you to use Coinbase. My advice is just to open Gemini for cheaper transaction costs and the ability to withdraw in SGD (Coinbase cannot withdraw to sg bank account). Also, using card to transact is costly (~4%) so I would advise you to deposit money into your Gemini account via FAST transfer and buy crypto from there (0.35% if you use Gemini ActiveTrader).
Cheers!
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Coinbase is actually a bit shaky in Singapore, you won't be able to withdraw if you sell your Crypto for SGD.
Would recommend you to use Gemini given they're MAS regulated and the fees are lower too(0.35%).