Topic: Coinbase limits... (Read 5190 times)

You quoted my post and proved you had the opportunity to notice there was a URL posted.  Then went off on a tangent about them holding your money for 30 days, which is not what they say at all. Apparently you got so excited at this point you forgot the link had been provided to the direct source of info from coinbase.


That would be great.  Then you could do that and quit harping on coinbase with incorrect info.

Third response in this thread provided the URL.

I posted that link on this thread, days ago, but apparently you are ignoring me.


What good will it do to post it again?

And for some reason no one has been able to point to the URL that explains all this information that everyone seems to know here. If you had no issues with the limits prior to signing up then you apparently had no questions about or don't care. I've just browsed their entire site and still can't find anything regarding the details. If Coinbase is around, then please send us the URL on this information. Having people just blart out that they know about it and have no problems is great, but if you don't have the details from Coinbase themselves it doesn't really mean much.

This thread appears to be a FUD campaign against Coinbase.

I signed up with them completely ignorant of practically all things Bitcoin. I had no issues understanding the limits prior to signing up. I had no issues purchasing Bitcoins. I've had no issues whatsoever.

But then, I do this thing called due diligence. And for those time I don't do the due diligence I get butthurt at myself not the other guy.

Actually, I linked all that stuff for you to read further up in this thread.  You can read all of it without a coinbase account, I think.

I guess people are just losing my point here. Of course it says there is a 10btc limit. You of course can't see that until you sign up. Then finding the information to raise that limit or have that increased isn't published.

https://coinbase.com/verifications

And how do you know this? I don't see this information anywhere? This is why I asked. Apparently asking them doesn't prompt a response and if they don't even have a presence here on the forums it might not be worth to use them at all. What if I have a real issue down the road with a lot of money on the line, where will support be at that time? How a company operates at the beginning stages is just a vision of how they will continue to operate down the road. I suggest to just be cautious with this one.

Heh.  You can only buy 10 btc a day, and you will have access to them once the bank transfer completes.

Then, 30 days after your first purchase, your limit will be raised to 100 btc a day.  They don't keep the 10 btc or anything.

Jeez, opentoe, don't hold back. Tell us how you really feel.

Calling them nuts? Who said that? I asked about their limits and why there were limits. The least they could have done was respond in kind with some kind of answer. Anything. Apparently if the question/answer is not in their favor, on to the next one. Just because they don't like the question shouldn't give them the excuse to not answer it.

Everyone tells me to read, but read what? The only thing I see about limits is on their page and it says,

"Are there any limits in place?

Yes, the maximum you can buy or sell right now is $100 USD per user, per day.  This is a low limit just so we can keep an eye on things as we ramp up, and make sure we have all the right systems in place to prevent abuse.  We’ll raise this limit over the coming months."

If you think that encapsulates and answers all the questions people have, I really don't think so. They could have least elaborated a little on that since their whole presence there is based on buying/selling bitcoin. They spent the least amount of energy explaining the most important topic I think. Seriously, maybe I missed the memo or some other obscure hard finding document on their page. Since everyone here is well versed and very informative about how coinbase works, please send me the URL that explains all of this I'd love to read it.

I'm always the negative type of questioner. Most people on a forum are too intimidated or afraid to question things that will prompt a hostile response, but unfortunately sometimes that is the only way things get answered. If I tip toe around, trying to be politically correct all the time, trying not to offend everyone's sensitive personality nothing would come out of it. Also, if you get upset and respond to someone's post/question or opinion on something in a hostile manner, you may need a break and chill out a little or as my grandfather would say, get laid.

You have access to the 10 bitcoins during the 30 days. You can send the bitcoins to an external address if you wish. The limits are per day, so you can just make purchases over the course of multiple days. That is what I did before my limits were raised.

Definitely not the case. Very impressed with coinbase service thus far.

They are a new business and they are in BETA.  After 30 days your limit will be 100 buy/1000 sell.

Again, RTFM.

That is not the case.  You really should try reading carefully.  Or at all. 

I don't think there's a requirement that you keep the money in your coinbase wallet during the 30 days.  I'm pretty sure you can spend it.  I certainly haven't read that anywhere.

I think the requirement is just that 30 days after your first transaction, you are considered verified, and you can now go up to a limit of 100 BTC.

If you posted on their forum calling them nuts, I can see why they removed your post.

What is Tangible Crypto?   Better than bank wire transfers?   

They also completely moderate their support forum they have on their website. I posted a question regarding the limits and it was removed. Not even a response. They want me to buy 10 bitcoin, wait 30 days with my money in their account?? What are they nuts? What kind of people would use a service like that? They're basically sucking in people's money, using it themselves for 30 days. I suggest, STAY AWAY from a place like that.

I'll just use Tangible Crypto to get my coins. I've tried to deal with many other ways to buy bitcoins and you can even compare any of them to Tangible. They are just too good.

The coinbase limit goes up to 100BTC after you are fully verified.  I believe that involves waiting 30 days after your first purchase:

http://blog.coinbase.com/post/40233239772/you-can-now-buy-up-to-100-btc-per-day-with-a-verified

I think they are planning to roll out higher limits at some point, too.