UK Crypto investors must pass the knowledge quiz to start trading on Coinbase

UK Crypto investors must pass the knowledge quiz to start trading on Coinbase

Do you think UK crypto investors should be required to pass these quizzes?

Looks like I failed the test!

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#coinbase #uk #crypto #investor #demonstrate #knowledge #investors

[CalvinTrades]

i just dont understand why i need to take an exam to trade, like we are not kids, I'm honestly tired of Uk red tapes especially on the common folks

[Brian-vssd]

They need a quiz when you first start working and paying tax. Q1. Are you aware the dollars you earn today will be worth less tomorrow and every day after that until they are almost worthless. You won't notice because you can trade $1 for $1, but a loaf of bread will go from $1 to $4. Q2. Are you aware the tax dollars you pay will mostly go towards keeping large corporations and business in business. Please see the Irish model. Q3. Are you aware that if you put your money into the bank, the bank is allowed to use that money to bail themselves out. It's hilarious how they use these childish tools to hide the truth.

[philipredhead]

They are protecting you from ever making any money 😂 world gone mad

[cardanomm]

What are the government really afraid of? They never show this concern for gamblers or alcoholics. I think in the next 2 years you will need to prove you have excess money after paying for your bills in order to buy crypto.

[ijustwanttoaskaquestion]

This is getting stressful, they keep moving the goalposts. All I have done for the last 3 years is transfer any spare funds to Coinbase and buy crypto, most is stored on a cold wallet. I did make one small test withdrawal a couple of months ago but fear the bank may reject a bigger payment if the bull run goes to plan or worse close my account for me, then what? Funds stuck on the exchange waiting to be hacked.

[stevenrmorrison]

Thanks for the update - totally ridiculous how they are slowly strangling the on and off ramps. There are even some horror stories about debanking and practically the Spanish Inquisition but totally fine to gamble your life savings away no questions asked.

[GetToDaChoppa-kr]

Thanks mate you are a life saver. This was doing my head in with the new regulations. Bless your heart kind sir.

[CalvinTrades]

i'm sorry but im really starting to dislike this country, every year there is more and more restrictions on everything its honestly getting annoying

[chimpfight]

I failed 4 fucking times. My questions were so hard and random. Absolutely fuming

[aldavidson]

Are they trying to slow people down from buying ?

[silversea]

They have no problem or questionnaire when you're depositing cash, lol, no problem

[floridahummer]

they dont want the small every day person getting in and making a nice profit, this stinks to high heaven.

[LoneWelshDruid]

Yep and it's a regulatory document. So when you check the box that says you are investing no more than 10% of your income...

[BuddhaBeautySkincare]

Can any one tel me where I find the form to fill out. It’s not showing on my account. I keep finding videos showing how to complete the form but where do I find it?

[keepfitforunfitpunkswithdo]

Passed thanks to you - after failing twice.. very thankful!!

[LouisElite]

It’s because they don’t want you to make money

[Shahzada]

Best way out of this is just google the question and use common sense.

[fer]

I just did it and it just sucks... passed on the second attempt as on the first got such random questions that you can't just answer with the information provided on the training and not even by knowledge! Since the most logical answer seems to be "wrong". No clue what they are trying to do with this, but is plain and simple wrong.

[jonathanspence]

I passed on the 2'ed attempt. But I know a bit about equity investment! You failed on assuming that all exchanges (all) are required to comply with rules about exchanging shares in companies. NOTHING to do with crypto! The test is designed to fail anyone who only has specific knowledge. I failed on questions about meme coins. As I never intended to buy any, I didn't research them.

[jimih]

Anyone got the answers for the eToro questions?