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Topic: Breaking News- Coinbase Raises $25 Million From Andreessen Horowitz (Read 926 times)

member
Activity: 76
Merit: 10
ooooooooo we should be so happy that now NSA or CIA offer us wallet for bitcoins....

Greg Kidd worked at Booz Allen the same as Edward Snowden, and Garry Tan worked at Palantir:
http://rt.com/usa/palantir-fundraise-million-sec-546/
newbie
Activity: 46
Merit: 0
Quick question though, what is the main difference between Bitstamp and Coinbase? How come Bitstamp allows buy/sell limits but Coinbase doesn't? Is there a reason Coinbase has a limit to how many BTC you can buy? Does Coinbase also allow business to use bitcoins like BTC-e?

Coinbase is kind of like the Paypal of bitcoin. You can buy and sell (similar to Paypal's deposit and withdraw) with your bank account. And you can accept bitcoin payments and send payments to others.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
legendary
Activity: 1722
Merit: 1003

Quick question though, what is the main difference between Bitstamp and Coinbase? How come Bitstamp allows buy/sell limits but Coinbase doesn't? Is there a reason Coinbase has a limit to how many BTC you can buy? Does Coinbase also allow business to use bitcoins like BTC-e?



Coinbase is not a full-fledged exchange like Bitstamp; I assume because of the legal-ramifications in the US of doing so. I'd watch for Coinbase to announce a full exchange, though... This round of funding is probably large enough for them to get money-transmission licenses in most states, thereby paving the way for them to operate a full exchange in addition to their existing services.
legendary
Activity: 952
Merit: 1003
--Signature Designs-- http://bit.ly/1Pjbx77
This is a big deal for bitcoins! With $25M funding, and a new trusted board member, it would be safe to assume Coinbase wouldn't be running off with our coins if they get "hacked"  Tongue
legendary
Activity: 1330
Merit: 1000
dafar consulting
Big news indeed. This guy invested in Facebook, Groupon, Twitter, Skype, etc if I recall


Quick question though, what is the main difference between Bitstamp and Coinbase? How come Bitstamp allows buy/sell limits but Coinbase doesn't? Is there a reason Coinbase has a limit to how many BTC you can buy? Does Coinbase also allow business to use bitcoins like BTC-e?

Just trying to understand the difference between these exchanges and how/if Coinbase falls short. (Sorry not trying to derail the thread)
newbie
Activity: 42
Merit: 0
That is a big deal.  Congrats to coinbase, and to btc
full member
Activity: 182
Merit: 100
The Crypto Analyst
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