The advanced reporting options that track the histories of buys and sells
ahh....Those have been there for like 8 months so I wouldn't exactly call them new features...
Topic: Coinbase -- now tracking your bitcoins (Read 3235 times)
The advanced reporting options that track the histories of buys and sells
ahh....Those have been there for like 8 months so I wouldn't exactly call them new features...
They definitely are headed that direction with all the reporting options they now have when you log into your account. They make it seem like it is a feature, but it is definitely so that it can be tracked. They are still the most convenient, but on the regulation side they are definitely on the forefront
hmmm...What reporting options? I have logged in everyday haven't seen anything about reporting anything?
The advanced reporting options that track the histories of buys and sells
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.
If the government interfered in bitcoin, so what's the difference with fiat? don't let the government interfere in bitcoin. Bitcoin is independent currency
They definitely are headed that direction with all the reporting options they now have when you log into your account. They make it seem like it is a feature, but it is definitely so that it can be tracked. They are still the most convenient, but on the regulation side they are definitely on the forefront
hmmm...What reporting options? I have logged in everyday haven't seen anything about reporting anything?
Based on how things are developing, I am expecting them to be the first BTC company to start sending out 1099s
Which probably won't happen for at least a few years.
I don't see how they could tax you on bitcoins you sell at this point in time. Because one they haven't clearly defined how it works if you mine the coins. What is to stop you from saying you mined some coins?
I think we will all be good for a couple years before we get taxed anything on them..
They definitely are headed that direction with all the reporting options they now have when you log into your account. They make it seem like it is a feature, but it is definitely so that it can be tracked. They are still the most convenient, but on the regulation side they are definitely on the forefront
Based on how things are developing, I am expecting them to be the first BTC company to start sending out 1099s
Which probably won't happen for at least a few years.
I don't see how they could tax you on bitcoins you sell at this point in time. Because one they haven't clearly defined how it works if you mine the coins. What is to stop you from saying you mined some coins?
I think we will all be good for a couple years before we get taxed anything on them..
Based on how things are developing, I am expecting them to be the first BTC company to start sending out 1099s
From now i will use this https://blockchain.info/ i always use conbase before that because of less fees and i found this blockchain website this fees is 0.06$ minimum Fees so from now i will use this website
I have to say, its getting crazier and crazier with the "mainstream" bitcoin crowd. I sort of stopped following the bitcoin community in May of 2013. Before then, I was able to buy Bitcoins with money transfers with a bogus name, no questions asked from the little Mexican Market I would use Moneygram with. Then I started following and using bitcoins again this past March. Someone pointed me to coinbase and I found it unbelievable. I then heard about ATM's popping up now needing an ID scan or palm print.
All of this shit is going to drive it back to the underground market. A Bitcoin "ATM" just opened up in the city I live, has very convenient pricing, but fuck that. I gotta give my ID, which may mean nothing in the end, but why the fuck would I want anyone I dont know, possibly snooping into my personal life.
Just like this Stellar thing. Link your facebook for free Stellar! Bullshit I'll give my information to a cryptocurrency company. Who the fuck knows who will try and hack it and get my info, possibly trying to fraud me.
All of this shit is going to drive it back to the underground market. A Bitcoin "ATM" just opened up in the city I live, has very convenient pricing, but fuck that. I gotta give my ID, which may mean nothing in the end, but why the fuck would I want anyone I dont know, possibly snooping into my personal life.
Just like this Stellar thing. Link your facebook for free Stellar! Bullshit I'll give my information to a cryptocurrency company. Who the fuck knows who will try and hack it and get my info, possibly trying to fraud me.
I use coinbase on an almost daily basis and have not seen any of these weird messages and I use it to both buy bitcoins and deposit and withdraw bitcoins from other addresses
I have never seen a message like that before.
Stop fucking using coinbase, how hard is that?
Odolvlobo, I haven't received such a message (yet) and I transfer BTC nearly on a weekly basis.
Your account might be flagged. This past week, I've seen a reddit post indicating the user was flagged for selling on LBC.
Ref: http://redd.it/2c63xg
You may have to rethink your strategy on how much you send at a time, and per day. Anything of value over $2999 needs to be documented for the Feds due to AML.
Your account might be flagged. This past week, I've seen a reddit post indicating the user was flagged for selling on LBC.
Ref: http://redd.it/2c63xg
You may have to rethink your strategy on how much you send at a time, and per day. Anything of value over $2999 needs to be documented for the Feds due to AML.
Besides coinbase, are there any other wallets that sell directly from the account and are reliable and safe?
I should mention this is not mass quantities, usually smaller transactions then 1BTC and not very often
I should mention this is not mass quantities, usually smaller transactions then 1BTC and not very often
Never used before coinbase wallet, this is ridiculous, they want to know the origin of earned btc and what we used for, expecting their collapse soon.
This is not a good start
Well....that seems like a price to pay for every Exchange that will come out of US.
Isnt that the reason, that made Kraken move its base from California?
Isnt that the reason, that made Kraken move its base from California?
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.
Yeah they offer a very necessary service right now. Decent price and convenience are a rarity in the bitcoin space.
Seriously 
Just use another online wallet
I never use CoinBase because, blockchain.info is safer & more anonymous
with U.S government tracking feature
Well put, could not agree more. Basically they are having to make compromises to go legit. Hopefully, they will be as successful as Paypal.
I think not successful as Paypal
Just use another online wallet
I never use CoinBase because, blockchain.info is safer & more anonymous
Coinbase: The PayPal of Bitcoin
with U.S government tracking feature
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.
I think not successful as Paypal
Coinbase isn't just a wallet you can buy bitcoin instantly with your bank account.
Seriously
Just use another online wallet
I never use CoinBase because, blockchain.info is safer & more anonymous
with U.S government tracking feature
Well put, could not agree more. Basically they are having to make compromises to go legit. Hopefully, they will be as successful as Paypal.
I think not successful as Paypal
Just use another online wallet
I never use CoinBase because, blockchain.info is safer & more anonymous
Coinbase: The PayPal of Bitcoin
with U.S government tracking feature
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.
I think not successful as Paypal
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.
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.
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