Topic: Coinbase going busto? Numerous people not getting paid by Coinbase currently. - page 4. (Read 6574 times)

Got my ACH fees refunded to me in bitcoin on Aug 29 because of delays. First time that's happened. But I'm not worried (yet).

I received a payout from coinbase without any issue on the 22nd of August (9 days ago) so it must be a reasonably recent problem.

Well considering that coinbase provides services to merchants that generally cashout of their bitcoin immediately I would assume they would have more sales of bitcoin then buys of bitcoin (the same with bitpay). 

I can confirm that Coinbase is delaying some payouts.  I have numerous bitcoin sales for which I've received nothing.  One of them should have paid into my bank account on Tuesday.

Here is what they are saying: "During one of our recent code releases, we experienced a rare instance in which some of the ACHs from this weekend were delayed. We are currently putting our Engineering resources on this to mitigate this from happening again."

They are handling it terribly.  Every person who responds to email had a different time when I would get paid until a big mass mail went out saying "next Friday" we will get paid.

This is jeopardizing some very important projects for me.  And it may destroy my reputation in my community.  Can't say how much I loathe Coinbase.

You think it's the one in the SOMA? Bluxomer should be near the Safeway across from the train station. I need to go to the store anyway and I like that Safeway. I usually go to to the Safeway in the Castro but there's too many homeless scumbags over there lately. I'll try tomorrow. I know they won't be there but at least I can see if there's a storefront for them.

id expect the 'market street' address just to be a mail forwarding service.

Well, I looked real quick and found these addresses. Which one is correct?

Foreign Profit Corporation
COINBASE, INC.
Filing Information
Document Number
F14000000514

FEI/EIN Number
455293997

Date Filed
02/05/2014

State
DE

Status
ACTIVE

Principal Address
1 BLUXOMER STREET
SUITE 410
SAN FRANCISCO, CA 94104-5101

Mailing Address
548 MARKET STREET #23008
SAN FRANCISCO, CA 94045-401

Registered Agent Name & Address
C T CORPORATION SYSTEM
1200 SOUTH PINE ISLAND ROAD
PLANTATION, FL 33324

Officer/Director Detail
Name & Address

Title PD
EHRSAM, FREDERICK E, III
548 MARKET STREET, #23008
SAN FRANCISCO, CA 94104-5101

Title SD
ARMSTRONG, BRIAN D
548 MARKET STREET, #23008
SAN FRANCSCO, CA 94104

Edit: more info

Coinbase, Inc. is a West Virginia Foreign C | Corporation filed on May 9, 2014. The company's File Number is listed as 331419.

The Registered Agent on file for this company is Ct Corporation System and is located at 5400 D Big Tyler Road Charleston, WV 25313. The company's principal address is 1 Front Street, Suite 2600 San Francisco, CA 94111 and its mailing address is 548 Market Street, #23008 San Francisco, CA 94104.

The company has 3 principals on record. The principals are Brian Armstrong from San Francisco CA, Frederick Ehrsam from San Francsico CA, and Frederick Ehrsam from San Francisco CA.

Everything posted on forum is hearsay. There is little reason for a few reddit posters to lie.

Coinbase has _almost_ grown in size and reputation where they don't even need to reply to this publicly. Is there a message on their blog or has anyone bothered to check? My few are in the vault.

Weekend FUD?

Anyone can say anything via reddit, any proof?

you seem to lack any knowledge of bitcoin.

i have seen your post history and you have been complaining that blockchain.info doesnt confirm transactions

i have seen your post history and you have been complaining that coinbase doesnt confirm deposits

i have seen your post history and you have been complaining that coinbase doesnt finalise withdrawals

either your doing something wrong, or your just spouting fud to try and cause a panic crash so that your gambling addiction on betting websites will pay off

One thing that disturbed me about this company from the start is that they are trying to be a financial powerhouse, and yet they couldn't afford an adequate number of customer service people.

A few months ago in their email newsletter they made a big deal of the fact that they had hired some cs people (an inadequate amount, judging by the difficulty in finding a live chat person most of the time).

Amazing that people will accept almost non-existent cs.

Coinbase may very well be fine.

However, being told "Coinbase is fine" by an unknown person on the internet is meaningless.

What is meaningful are the numerous problems many encounter in dealing with this company, of which the Reddit thread is one of the latest examples.

As I warned last year, coinbase is a scam/ponzi and bleeding money to hackers on the daily.

When they run out of VC money to fill the holes, they will go bust - just like MtGox!

This implies there are more selling than buying on coinbase.

No wonder the price is going down.

http://www.reddit.com/r/Bitcoin/comments/2dstwg/who_audits_coinbase/

I agree. Coinbase is a reputable company. It is important to understand that they likely only have a limited amount of cash they can give to their customers before they have to sell bitcoin on an exchange, withdraw fiat from the exchange, wait for the payment to clear then send the funds to their customer. This entire process takes time.

Huh? Could you elaborate? Was that some transaction that got cancelled or something? I guess you wrote the support? It surely won't take this long to be executed normally! But any info on this would be appreciated!

I wonder when they are going to re initiate the transaction i made back in october of 2013 as promised in which I was shorted a decent amount of money.   

Huh, I really don't know if this is the indication of another Mt. Gox happening. I always felt that Coinbase was a legit company. Have they been audited in some way? I mean it's difficult to audit a reserve, because they're no exchange per se...