Coinbase - page 4. | Bitcointalksearch.org

susila_bai

hero member

Activity: 1260

Merit: 524

Quote from: sann111 on January 08, 2018, 04:40:51 PM

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

it is never safe to keep your bitcoins in web wallet as you dont have controll over your bitcoin wallet private key. Coinbase can ban your account anytime without giving any reason. So it is much better to keep your investment in hardware or software wallet like, electrum which is easy to access and security is also good.

soham

sr. member

Activity: 406

Merit: 250

Quote from: sann111 on January 08, 2018, 04:40:51 PM

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

Coinbase is an old and time tested wallet service provider. They are a legal entity. You don't have to buy a whole bitcoin from them, you can buy in smaller fractions as well. However, they have few restrictions which are country specific. So check the faq section before you start the procedure. Also check if you need to submit your kyc documents or not. If you are compliant with their regulations, you are not expected to have any issue with them. I have been using their service since long and have never faced any issue, even though I didn't buy any bitcoin from them. I just use coinbase for storage of my coins.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: sann111 on January 08, 2018, 04:40:51 PM

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

I have actually heard of a large number of people that have had a fair amount of issues with Coinbase, the overall sentiment seems to be negative towards Coinbase due to a severe case of mucking about with customer accounts and not leaving the wallet owners alone all the time, many stories of frozen accounts and the like. I would likely prefer to keep my wealth out of Coinbase, in fact I do as I have transferred away from their platform and onto blockchain for my online wallets. I don't like their business practices and I will remain outside of their influence for as long as I can, personally.

babygun

sr. member

Activity: 2226

Merit: 254

Top-tier crypto casino and sportsbook

From the moment you own a decent amount of bitcoins (such as 1 bitcoin or even 0.5 bitcoin) it is better to have full control over your bitcoins and to not place it on a exchange. One of the best options would be to store them in a hardware wallet such as Trezor or Ledger Nano S.

tekimebounty

jr. member

Activity: 51

Merit: 10

I havent that amount, but i know peoples, who have 10 and mor btc in coinbase.
Didnt hear anything about problems. Sometimes it have huge fee.

surfinonmyownwavebaby

full member

Activity: 252

Merit: 104

Decentralized Ecosystem for User-Generated Content

You don't have to buy a full bitcoin, bitcoin is broken down into one hundred million pieces so you can buy as little and as much as you choose. I would not keep any funds on Coinbase infact I would advocate not even using Coinbase. They are the most well known but also have the most problems out of any exchanges not to mention charge the highest for fees. Don't know the last bit as never used Coinbase myself.

sann111

jr. member

Activity: 196

Merit: 1

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

Topic: Coinbase - page 4. (Read 774 times)