Topic: Are you a gambler? STAY AWAY FROM COINBASE! - page 3. (Read 4613 times)
coinbase was my first wallet too, and i decided to move my bitcoins to my multibit account, however i miss the feature that coinbase had which made a new address for every transaction, do you guys know and desktop wallets that does that because i cant seem to get it working with multibit.
oh i just found out that, I'm gambler
I know bitcoin since last april, first wallet I use is coinbase
I've moved all my funds to blockchain before the 10th of july and do not use it again
I know bitcoin since last april, first wallet I use is coinbase
I've moved all my funds to blockchain before the 10th of july and do not use it again
I agree this is very disappointing.
I probably should bug out of coinbase but the only coins I have there are coins that I expect to eventually sell for USD to pay bills. My guess is that this is just required by the ever increasing restrictions on bitcoin businesses and they are doing all they can to stay "legit."
I probably should bug out of coinbase but the only coins I have there are coins that I expect to eventually sell for USD to pay bills. My guess is that this is just required by the ever increasing restrictions on bitcoin businesses and they are doing all they can to stay "legit."
A article on cointelegraph about the same issue :
http://cointelegraph.com/news/112319/coinbase-case-demonstrate-the-pitfalls-of-regulatory-compliance
http://cointelegraph.com/news/112319/coinbase-case-demonstrate-the-pitfalls-of-regulatory-compliance
Is this happening with everyone that deposits to a gambling website or just a few?
No idea, but I have seen multiple persons reporting the same problem on reddit.
So to play safe, you may want to stop using coinbase.
Is this happening with everyone that deposits to a gambling website or just a few?
Someone just found out that coinbase is a company that has to follow the law + that when you use an online waller you no longer have the absolute control of your funds. 
I knew about coinbase storing my coins but for just everyday use less than 0.05 btc i found it the easiest to use when i set it up awhile ago.I also have a blockchain wallet that i print paper wallets off but i dont really like paper wallets.
As people always say, "if you don't have the private key, you don't have the bitcoin".
Coinbase may be a good place to buy and sell bitcoin if you are in the US, but it is never a good place to store your bitcoin.
Coinbase may be a good place to buy and sell bitcoin if you are in the US, but it is never a good place to store your bitcoin.
Someone just found out that coinbase is a company that has to follow the law + that when you use an online waller you no longer have the absolute control of your funds.
Thanks alani123 for the alert.
Exactly. You should deposit bitcoin to your exchange account only if you are going to sell the coin soon.
Thank you noted. I was interested in the coinbase vault but its just a more secure way of an insider stealing some. ( not saying the good people of coinbase would do that) but u cant trust anyone.It's unwise to store bitcoin at Coinbase or on any other exchange for an extended period of time...unless you like the idea of getting Goxed. One of the advantages of cryptocurrencies is that you have the ability to protect your coins as much as you want. I suggest protecting them well yourself.
Exactly. You should deposit bitcoin to your exchange account only if you are going to sell the coin soon.
Coins will be moved back to a new blockchain address now, thanks for the heads up.
I still hope something like this won't kill coinbase because it was so easy to use even when i was new not long ago.
I guess its whatsome people still want is for some1 else to be in charge of their finacial security.
Thanks alani123 for the alert.
Exactly. You should deposit bitcoin to your exchange account only if you are going to sell the coin soon.
It's unwise to store bitcoin at Coinbase or on any other exchange for an extended period of time...unless you like the idea of getting Goxed. One of the advantages of cryptocurrencies is that you have the ability to protect your coins as much as you want. I suggest protecting them well yourself.
Exactly. You should deposit bitcoin to your exchange account only if you are going to sell the coin soon.
Steering clear of Coinbase in general.
They shut me off without explanation. Well actually they said it was because I had multi accounts, so I closed them and then they stopped responding to me all together.
They shut me off without explanation. Well actually they said it was because I had multi accounts, so I closed them and then they stopped responding to me all together.
I admit i use coinbase for small transactions because i find it easy but after readind this i may have to go back to my blockchain wallet.
I dont gamble but might try a $2 bet or something very small in the future. Im outside of usa so would these laws apply to me or still not worth the risk?
I dont gamble but might try a $2 bet or something very small in the future. Im outside of usa so would these laws apply to me or still not worth the risk?
Thanks for this post alani123!! will be moving all my coins from coinbase.
wtf is wrong with them?
why they do that?
and who's behind that?
why they do that?
and who's behind that?
According US law, it is illegal for any merchants to help the customer to send funds to casinos.
I never think and never use COINBASE
It's unwise to store bitcoin at Coinbase or on any other exchange for an extended period of time...unless you like the idea of getting Goxed. One of the advantages of cryptocurrencies is that you have the ability to protect your coins as much as you want. I suggest protecting them well yourself.
wtf is wrong with them?
why they do that?
and who's behind that?
why they do that?
and who's behind that?
US government, they don't want to take risk with their license.
wtf is wrong with them?
why they do that?
and who's behind that?
why they do that?
and who's behind that?
what happened?
they used to be good
they used to be good
They are still good, but if you are using coinbase for gambling then you are not safe,
Coinbase will close your account and ask you to transfer your coins.
Jump to: