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Topic: Coinbase is not safe! - page 2. (Read 249 times)

legendary
Activity: 1134
Merit: 1599
July 25, 2020, 12:04:04 PM
#3
Any centralized exchange isn't safe at this point. Back when I used Bittrex, the withdrawal limits have changed from 1.5 (or 1) BTC to exactly zero without any notice. Meanwhile, deposit limits were still the same. In other words, everything went fine until I deposited. My money is probably still there right now.

Avoiding centralized exchanges means avoiding these issues at the same time. Centralization will always bring these issues with it.
hero member
Activity: 3024
Merit: 745
🌀 Cosmic Casino
July 25, 2020, 11:43:40 AM
#2
Exchanges like Coinbase who asks for KYC has the capacity to do that. So for you to avoid that, choose the exchanges that allows you to trade with limitation on withdrawals but without the need to comply KYC.
member
Activity: 70
Merit: 15
July 25, 2020, 11:42:21 AM
#1
Coinbase has full regulatory bank status in cryptocurrency. They watch your every move and regulate transaction and can block transactions to blacklisted addresses and exchanges. If you want any level of financial freedom that crypto can provide, stay away from Coinbase.
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