Topic: Class action lawsuit against Coinbase, inc - page 3. (Read 7216 times)

I tried opening an account with them about a year ago, but was unsuccessful.  I guess I should consider myself fortunate.

https://bitcointalksearch.org/topic/m.2013389

+1-415-580-2710 https://coinbase.com/merchants. I would suggest you to be calm and not yell at them or anything otherwise they wont help you. You have around 3 hours before they close.

The key to getting it at the price you locked in is to contact olaf here. He has pushed the few cancellations I had through successfully. Other than that no other problems. Support does answer just takes some time but they are new so that is expected. Overall I am satisfied with coinbase so do not ruin it

What is their phone number?

I admit coinbase has its issues and im sure they will give you your money back. You can even call them! Just dont ruin it for people who are having no issues with it. Thanks.

If people's money has been stolen, that needs to be rectified: no ifs, ands, or buts about it. 

@OP
I'm sorry to hear this, my experience with coinbase thus far has been good.  This seems to be a note to me that I should be using instantaneous service.  We'll see if that actually happens later this month.

I hope you'll be able to get your BTC without breaking the company so that others can still use it. 

Best of luck!

Do you have any sympathy for the people in these threads:

https://bitcointalksearch.org/topic/coinbase-hands-down-the-most-unprofessional-bitcoin-service-ive-dealt-with-339882

https://bitcointalksearch.org/topic/coinbase-cancellation-issues-are-not-resolved-145797

https://bitcointalksearch.org/topic/m.3655636

https://bitcointalksearch.org/topic/coinbase-is-a-bunch-of-thieves-328076

https://bitcointalksearch.org/topic/m.3454765

https://bitcointalksearch.org/topic/coinbase-steals-and-profits-off-customers-via-high-risk-transaction-scheme-322229

https://bitcointalksearch.org/topic/m.3450929

https://bitcointalksearch.org/topic/m.3531406

https://bitcointalksearch.org/topic/m.3526610

https://bitcointalksearch.org/topic/m.3627572

http://bitcoin.stackexchange.com/questions/14195/did-i-just-get-defrauded-by-coinbase

This is just a small handful of threads I found on this forum.  There are a lot more on other forums and people that don't have a voice.

Do you have any sympathy for what people were put through and is going through?  Do you know how much coinbase is taken in from 1) arbitration 2) 1% fee 3)hedging or stealing with customer funds.

I have had no issues with them and I would say that a class action law suit would be pretty extreme measures. Sorry but I dont support this.

Yes they are frauds.  Read the threads in the link i provided.  And all the links within there.

For example, here is their spokesperson telling a blatant lie:


This is like the lie of all lies.  They almost NEVER push through transactions at original purchase price upon request.  I requested it 1000000 times.  Others have requested it 1000000 times.  No response.

But you are totally right, an unethical company in a monopolizing situation... cannot be good in the long term.

an unethical company at the top places barriers for entry for an ethical competitor to take over from them, defrauds their customers, and reduces trust in the currency. If they are frauds they should be closed.

The question is, ARE they frauds or is the OP blowing hot air. I am not personally familiar with the company or their alleged misconduct.

There is a difference between dishonest and understaffed or poorly run.

It's not a matter what I want to do, but a matter of what needs to be done to weed out all the fraudulent/dishonest/incompetent companies associated with bitcoin, which is almost all of them.  And it is a matter of justice being served.  Are you okay with a dishonest company handling something you believe in?

I'm not up for a class action myself, I think it's unwarranted and bad for bitcoin itself. I would however like them to answer my support emails for my own problem: https://bitcointalksearch.org/topic/coinbase-serious-issue-reversing-bank-deposits-erroneous-withdrawals-etc-354851 but it's not lawsuit worthy by a long shot. I'm pretty forgiving, the rest of their services seem to work and I know they are legit, and I've met Brian before, but- yeah. Support really needs to be worked out.

Do you want to close one of last options left for US people to buy/sell bitcoins?

I have submitted a complaint against Coinbase, Inc to the State Attorney's office of California.  The state has referred me to a list of lawyers who could handle my case against Coinbase, Inc.  They also contacted Coinbase, but coinbase has yet to reply, and that has been almost 2 months ago. Coinbase has yet to reply to my emails, and the emails of many others who have been defrauded by their schemes.

If you have been lied to by coinbase, the first thing you can do is submit a report here:

http://oag.ca.gov/contact/consumer-complaint-against-business-or-company

It is very simple, and just be honest and state the facts.

My question is, since I don't care about the money that coinbase defrauded me, wouldn't it be better to just file a class action lawsuit so everyone gets closure?  I hate to see others being put in bad situations by coinbase.  This isn't small amount of money being dealt with here since bitcoin prices have ballooned to potentially life changing amounts.

So for those of you who are looking for closure with coinbase and left in the dark, please 1) submit a report 2) be patient and I will keep you guys updated on what will be done.

PS- Coinbase is not an exchange, but more of an arbitrator amongst the exchanges.  They charge several pts higher than an exchange that they use (most likely bitstamp) and have a paypal like system so you can use your bank to deposit/withdraw.  Beyond that, coinbase uses a system where it is almost limitless to how much they can profit.  They have the option to cancel your transaction at will if the price somehow goes against them at settlement time (usually a week after initiation).  Those that they do not defraud are content (because of the ease of deposit/withdraw), which should be a high percentage of people.  And those that they do defraud, are left devastated.

For more information:

https://bitcointalksearch.org/topic/m.3655164

How to file complaint against coinbase: