If the US goverment says don't allow the 2 states access then that's what that company is going to do or they will risk being shut down completely. I imagine that each member probably got a email telling them of the reverse of membership allowance and Coinbase asked them to withdraw all coin before a deadline.
Well I think Bitcoin is a worldwide popular currency and now is using in all huge States and also in a lot of market so in this case making any prediction about it is just a fault. I don't think Coinbase going to be doing randomly without any sort of Investigation on other parts, that simply could be a claim without a bit of reason. if they were doing this kind of act, they would may be face a ton of law suits and regulation from the state government which is highly doubt they gonna want. its now their task to ensure that something illegal is not going to happen with the money invested. 
Topic: COINBASE now seizing accounts of Americans (Read 2230 times)
Wyoming:Coinbase suspended them Jun 24, 2016 due to state regulations:
https://support.coinbase.com/customer/portal/articles/1999937-coinbase-accounts---wyoming
Hawaii: May 1, 2017:
https://support.coinbase.com/customer/en/portal/articles/2754027-coinbase-accounts---hawaii
Both let you remove bitcoin etc from them. While it is popular to blame coinbase, the people impacted should thank the voters in Hawaii and Wyoming:
https://blog.coinbase.com/how-bad-policy-harms-coinbase-customers-in-hawaii-ac9970d49b34
There is a lot of fiction and fantasy going around, but wouldn't it be better to read and understand at least some of it first?
Yes there is no doubt that the people don’t understand the things while reading it and sometimes we even don’t go through the whole of the article and just pick a few line from it and them propagate them in a wrong sense. Also if we read the article properly we will come to know what exactly happened and what the company was liable at that time to do. https://support.coinbase.com/customer/portal/articles/1999937-coinbase-accounts---wyoming
Hawaii: May 1, 2017:
https://support.coinbase.com/customer/en/portal/articles/2754027-coinbase-accounts---hawaii
Both let you remove bitcoin etc from them. While it is popular to blame coinbase, the people impacted should thank the voters in Hawaii and Wyoming:
https://blog.coinbase.com/how-bad-policy-harms-coinbase-customers-in-hawaii-ac9970d49b34
There is a lot of fiction and fantasy going around, but wouldn't it be better to read and understand at least some of it first?
If this is true it is theft,how can a company decides to close down the account simply because they are from one particular state,they must warn the users and let them withdraw the coins and ask them not to use it rather than closing their account and stealing their coins,this is the main reason why everyone is telling to keep your coins in your own wallet and never trust any web wallets.
If it is like so it is unfair. Yes they should at least be warned before seizing their accounts. Otherwise it can be considered as stealing their bitcoins. It is not only negative for the account holders but also for the company itself because if they keep doing such things no one will trust on them and it can be a serious harm to their business. On a side note, withdrawing from CoinBase is probably recommended now that all this is happening. 
Yes, in fact Coinbase is the entity recommending, even asking account holders that reside in Hawaii or Wyoming to transfer their bitcoin out of their Coinbase wallets to exchanges that can serve them properly. Coinbase also asks these users to close their accounts.
Here's the quote from the press release on the Coinbase website (HI specific): "We ask Hawaii customers to please: Remove any digital currency balance from your Coinbase Account. Please note that you may remove digital currency from your Coinbase Account either by selling digital currency on the buy/sell page of your Coinbase Account (ordinary fees and restrictions apply), or by sending your digital currency to an alternate digital currency wallet; AND Visit this page to close your Account. We understand this suspension will inconvenience our Hawaii customers and we apologize that we cannot currently project if or when our services may be restored."
It's sad that while Coinbase is doing the honest thing for its customers, i.e., notifying them of discontinuing service and suggesting people direct their funds elsewhere, so many forum members are being dishonest in their portrayal of the facts.
This is the whole new level of not giving a sh*t about their clients. 
If they are seizing accounts for no reason except for baseless accusations then they deserve to get sued by their customers.
I also heard they have a class action lawsuit filed against them for unlawful practices by a few states.
I also heard they have a class action lawsuit filed against them for unlawful practices by a few states.
This is day light robbery. Their reputation isn't really getting any good.
Where are the facts? There's only shared frustration that government is continuing to get in the way. If we start misrepresenting the facts we'll only hurt ourselves and this project.
This is the whole new level of not giving a sh*t about their clients.
If they are seizing accounts for no reason except for baseless accusations then they deserve to get sued by their customers.
I also heard they have a class action lawsuit filed against them for unlawful practices by a few states.
This is the end of them. Yet another exchange gone by the way side.
I also heard they have a class action lawsuit filed against them for unlawful practices by a few states.
This is the end of them. Yet another exchange gone by the way side.
There were many allegations on coinbase before and there will be in the future. The Wyoming and Hawai state issue is with their problem in crypto currencies. Coinbase have given them the chance to transfer their BTC and there is nothing wrong with coinbase in this issue.
Yes this not the coinbase done anything wrong in this whole scenario but in fact the people used a coinbase accounts in the mentioned states shall be thankful to the coinbase that it didn’t blocked their accounts and provided them an opportunity to withdraw their coins. The rest the internal affairs of the state who have the right to decide the law and order situation. 
Coinbase is not a good wallet right now to choose many bitcoin users are having issue about using the service of coinbase started from january they are always failing even the support can't contact them easily. it takes longer time or weeks before they can responds and we are always experience site down they are always fixing any issue every time the price increased.. so for now much better to stay away to use coinbase and if you are holding bitcoin and altcoin there better to transfer funds to other safety wallet like other said before its late..
Cherry picking individual parts of a bigger story/problem to make a company look bad.
Not really necessary at this point, honestly.
Coinbase doesn't need any help to look bad right now.
The company is literally falling apart.
If you have coins here move them to another wallet or exchange NOW.
He started going through Coinbase terms and agreements. Since he used his debit card on a online gambling site, Coinbase banned his account.
I a firm believer that coinbase doesnt just Ban account for no reason.
Are you serious,banning your account and taking your coins just because you used your debit card for gambling,what difference does it make for them if you are gambling with your money and not using the bitcoin stored in the site,so what was the final result,did they release the coins. I a firm believer that coinbase doesnt just Ban account for no reason.
The title is misleading people into thinkinng coinbase is the one to blame. The one to blame are those states and coinbase needs to obey otherwise it can lead to some more serious problems for the company. If they are realling locking accounts because of the states i would not call it "stealing" bitcoins. Citing obscure state laws in its decision to seize accounts of users can easily be verified. I don't think coinbase would block account just for fun
If this is true it is theft,how can a company decides to close down the account simply because they are from one particular state,they must warn the users and let them withdraw the coins and ask them not to use it rather than closing their account and stealing their coins,this is the main reason why everyone is telling to keep your coins in your own wallet and never trust any web wallets.
they can if they find suspicious activity, maybe some of those account were stolen or they were using stolen debit card falese bank account
remember that coinbase is in touch with IRS, you can't cheat there, i think they are just investigating
Put this thread into either service discussion or exchanges because it's not really a discussion about bitcoin itself.
Coinbase has a history of suspending accounts but never in the history of its existence i don't think that it started to target geo-specific people, so this is a first. I know that friends of mine had their coinbase account suspended for gambling related activity and dark net market deposits, but none of them have ever experienced a problem apart from that.
Coinbase has no advantage over a normal wallet right now because you have to pay fees. If you like the convenience, download the copay wallet. It's way more secure and you don't need to trust anyone as its open source.
Coinbase has a history of suspending accounts but never in the history of its existence i don't think that it started to target geo-specific people, so this is a first. I know that friends of mine had their coinbase account suspended for gambling related activity and dark net market deposits, but none of them have ever experienced a problem apart from that.
Coinbase has no advantage over a normal wallet right now because you have to pay fees. If you like the convenience, download the copay wallet. It's way more secure and you don't need to trust anyone as its open source.
Cherry picking individual parts of a bigger story/problem to make a company look bad.
just a warning take care
The popular online Bitcoin wallet Coinbase has been routinely seizing accounts of users in Hawaii and Wyoming, effectively “stealing” their Bitcoins by locking them out of their accounts. A Natural News investigation confirms that Coinbase is citing obscure state laws in its decision to seize accounts of users in both states, yet the online wallet refuses to allow users to log in and change their state of residence if they move to another state.
http://www.govtslaves.com/bitcoin-wallet-coinbase-now-seizing-accounts-of-americans-users-rage-against-total-ripoff-as-their-coinbase-accounts-vanish/
Is this article reliable? If it is Coinbase is literally stealing the Bitcoin off the users. Anyways, I am going to stay away from Coinbase for a while.
Why do people let counter parties control the private keys to their crypto?
I would like to give CB the benefit of the doubt here. I feel like this WOULD REALLY hurt their rep.
I find it hard to believe
I find it hard to believe
I agree, I feel like there is more to the story than this
If the US goverment says don't allow the 2 states access then that's what that company is going to do or they will risk being shut down completely. I imagine that each member probably got a email telling them of the reverse of membership allowance and Coinbase asked them to withdraw all coin before a deadline.
Yet another reason to avoid doing financial transactions within the United States. I wonder if Kraken and other exchanges will start to bend over for Uncle Sam.
This is disturbing.
Yes, are there any alternatives to coinbase that don't require all the kyc/id requirements?
Yet another reason to avoid doing financial transactions within the United States. I wonder if Kraken and other exchanges will start to bend over for Uncle Sam.
This is disturbing.
Yes, are there any alternatives to coinbase that don't require all the kyc/id requirements?
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