Coinbase: The PayPal of Bitcoin
Well put, could not agree more. Basically they are having to make compromises to go legit. Hopefully, they will be as successful as Paypal.
Topic: Coinbase -- now tracking your bitcoins - page 2. (Read 3235 times)
Well put, could not agree more. Basically they are having to make compromises to go legit. Hopefully, they will be as successful as Paypal.
Coinbase: The PayPal of Bitcoin
The Green address system is a great alternative. I'd consider it safer than blockchain.info
Never use coinbase again!
Yeah, I'm not too sure about the MSB registration... Coinbase is getting shadier and shadier.
When you send bitcoins from Coinbase, it now asks you this question:
Their justification for this question is:
Answering YES to this question helps Coinbase and the U.S. government to track your coins. I urge everyone to always select NO, regardless of where the bitcoins are being sent.
Quote
Are you sending to another bitcoin service or exchange?
Their justification for this question is:
Quote
When sending bitcoin from Coinbase to an off-site address, you may be asked "are you sending to another bitcoin service or exchange?" If you are not, you can simply click "No." If you are, you must click "Yes" and specify the URL of the website of the destination bitcoin service or exchange.
When sending money to external accounts we are required to gather a bit of information before processing the transaction. Coinbase is federally registered as a Money Service Business (MSB). In order to comply with federal regulations, we must know if money is sent from a Coinbase account to a financial institution, in this case a bitcoin service or exchange.
When sending money to external accounts we are required to gather a bit of information before processing the transaction. Coinbase is federally registered as a Money Service Business (MSB). In order to comply with federal regulations, we must know if money is sent from a Coinbase account to a financial institution, in this case a bitcoin service or exchange.
Answering YES to this question helps Coinbase and the U.S. government to track your coins. I urge everyone to always select NO, regardless of where the bitcoins are being sent.
Jump to: