COINBASE RIPPED ME OFF $80k. *WARNING WARNING WARNING*

Bitcoin Scammer

sr. member

Activity: 266

Merit: 250

Quote from: bitpop on December 30, 2013, 02:42:54 AM

They are just being run over, no ill will I think
Just like bitinstant

Here's a problem, they can't just hire employees, not many people can trusted with private keys

Either trust one person or a bunch. One person could mess it up all the same.

bitpop

legendary

Activity: 2912

Merit: 1060

They are just being run over, no ill will I think
Just like bitinstant

Here's a problem, they can't just hire employees, not many people can trusted with private keys

sveetsnelda

hero member

Activity: 642

Merit: 500

Quote from: Bitcoin Scammer on December 29, 2013, 01:44:29 PM

Smaller customers normally do not get ripped off as they are the bait for the big fish, do not forget that. Every time one of these sites gets hot the owners get greedy and since there are way more fish then whales the GOOD comes out with only 1/100th of the people being scammed then outed.

Hrmm... While I see what you're saying, I'd likely be considered "big fish" on Coinbase and haven't had any issues at all.

Bitcoin Scammer

sr. member

Activity: 266

Merit: 250

Smaller customers normally do not get ripped off as they are the bait for the big fish, do not forget that. Every time one of these sites gets hot the owners get greedy and since there are way more fish then whales the GOOD comes out with only 1/100th of the people being scammed then outed.

Quote from: mehransaam on December 27, 2013, 04:41:16 AM

My experience with Coinbase has been positive. I think it helps if we realize we are dealing with emerging technology, volatile markets and startup companies who have to deal with 100,000s of over-excited clients. It serves us all better to show more understanding and patience.

mehransaam

newbie

Activity: 22

Merit: 0

My experience with Coinbase has been positive. I think it helps if we realize we are dealing with emerging technology, volatile markets and startup companies who have to deal with 100,000s of over-excited clients. It serves us all better to show more understanding and patience.

sveetsnelda

hero member

Activity: 642

Merit: 500

Quote from: bitpop on December 24, 2013, 07:57:46 PM

I have had an instant be held for several days and a buy charging my bank, being returned then taken back but otherwise all resolved.

Now that you say that, I had something similar happen recently. I forgot about that. I didn't have to do anything though. It was taken care of.

Quote from: bitpop on December 24, 2013, 07:57:46 PM

I think some here are trying to use coinbase to trade, they are not an exchange.

Aha. I didn't think about that. Makes sense.

bitpop

legendary

Activity: 2912

Merit: 1060

Quote from: sveetsnelda on December 24, 2013, 07:51:18 PM

Quote from: bitpop on December 24, 2013, 04:59:06 PM

Ive had an ok experience

Same. I'm a bit lost, actually. I've moved tens of thousands through Coinbase without a single issue.

I have had an instant be held for several days and a buy charging my bank, being returned then taken back but otherwise all resolved.

I think some here are trying to use coinbase to trade, they are not an exchange.

sveetsnelda

hero member

Activity: 642

Merit: 500

Quote from: bitpop on December 24, 2013, 04:59:06 PM

Ive had an ok experience

Same. I'm a bit lost, actually. I've moved tens of thousands through Coinbase without a single issue.

bitpop

legendary

Activity: 2912

Merit: 1060

Ive had an ok experience

kezzyp

newbie

Activity: 56

Merit: 0

Quote from: Cefalu on November 29, 2013, 03:23:22 AM

Quote from: btcprice on November 29, 2013, 03:14:50 AM

Coinbase purchase times are growing. I first purchased 6 BTCs on 11/14/13 and was credited on 11/21/13 (7 days). I purchased 10 BTCs on 11/23/13 and now I find out it will take 9 days (11/2/13) to get credit.

I am now going to a local bitcoin dealer for purchases which only take 20 minutes.

would you please let us know how this turned out?
thx

20 mins is still too long, i purchase instant from xmlgold.eu via Perfect money to bitcoin, their fee is not really bad but i am still scared of the website because when i look online i still see scam reports, who know's they treat me fine now and tomorrow i be complaining like you when they don't credit my account, its very scary

first thing i do,
check their reserves, sometimes they have like 40 btc then i buy 39btc just in-case someone buying same time with me dnt wanna be pissed.

Best to buy in bits too, like 500 to 1000 usd maximum

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

Just charge back the previous transactions you ahd with them. tell your bank fraudulent company. atleast get some money back!

fxkevin

member

Activity: 75

Merit: 10

Where the complaints should really go is the NFA (National Futures Association) and the CFTC (Commodity Futures Trading Commission) as Coinbase is clearing running a book or market maker without the proper licensing. While they may be in a loophole due to the US not recognizing bitcoin as a currency, they do price it as a security against the USD which should fall under the loose definition of a CFD or contract for difference.

And as market makers go, they are sloppy to say the least.

Cheers...

bitpop

legendary

Activity: 2912

Merit: 1060

Dealing desk behavior for sure

raybtc

newbie

Activity: 24

Merit: 0

Below is where you need to go to file complaints against coinbase.com, they have defrauded many people of money. The need to give us our bitcoins or money back (with interest)! No one answers the cellphone attached to coinbase’s sec filing and the voicemail is full. I tried calling it 100 times in a day, someone kept turning it off and back on, so they received the calls.
Company information:
Owners names: Brian Armstrong and Fred Ehrsam
COMPANY CONFORMED NAME: Coinbase Inc.
CENTRAL INDEX KEY: 0001576711
IRS NUMBER: 455293997
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: D
SEC ACT: 1933 Act
SEC FILE NUMBER: 021-196380
FILM NUMBER: 13837179
BUSINESS ADDRESS:
STREET 1: 1 BLUXOME STREET, APT. 410
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94107
BUSINESS PHONE: 415-843-1515
SEC complaint center:
http://www.sec.gov/complaint/select.shtml
FBI IC3 (Internet Complaints):
http://www.ic3.gov/default.aspx
California Attorney General:
http://oag.ca.gov/contact/consumer-complaint-against-business-or-company
San Francisco District Attorney:
http://www.sfdistrictattorney.org/index.aspx?page=7

raybtc

newbie

Activity: 24

Merit: 0

Coinbase received my money on 12/12/13 5 days ago. I have had a pending BTC deposit showing in my account for 5 days. The estimate for the delivery of BTC was Friday 12/13/13. I have opened 2 cases since then with no response!! WHERE ARE MY BITCOINS? Huh

I have fully verified my account, identity, bank and credit card. WTF coinbase why is this site so horrible?

That was one of the many cases I have opened in the coinbase support tickets area. The first case I opened was over 2 weeks ago. Not a single one of my cases have ever been responded to.

COINBASE.COM is a fraud. The owners need to go to prison. We all need to file complaints with the FBI IC3 (internet crimes), the SEC, the district attorney in California, and US Attorney General. It will actually make a difference if we all file the complaint, if it's just one or two complaints for small amounts they don't care too much, but when the total dollar amounts from all complaints go over 100K that is when they will get a knock on their door, and an investigation.
I have already filed complaints with all 4. I suggest the rest of the people scammed by coinbase do the same. It's first come first serve in monetary refunds, so hope and pray they have not spent all the money!!!

pokerjet

sr. member

Activity: 546

Merit: 250

been reading these for about an hour now for almost a year of transactions... So how is CoinBase still able to do this?

Bitcoin Scammer

sr. member

Activity: 266

Merit: 250

Coinbase = Sad

This is astounding that they had the balls to rip ya on 80k however where this is a want there is a way. Sorry bout your loss.

Cefalu

member

Activity: 70

Merit: 10

Quote from: btcprice on November 30, 2013, 08:55:56 PM

Quote from: javaguardian on November 29, 2013, 06:38:05 PM

Quote from: btcprice on November 29, 2013, 01:03:34 PM

Quote from: Cefalu on November 29, 2013, 03:23:22 AM

Quote from: btcprice on November 29, 2013, 03:14:50 AM

Coinbase purchase times are growing. I first purchased 6 BTCs on 11/14/13 and was credited on 11/21/13 (7 days). I purchased 10 BTCs on 11/23/13 and now I find out it will take 9 days (11/2/13) to get credit.

I am now going to a local bitcoin dealer for purchases which only take 20 minutes.

would you please let us know how this turned out?
thx

Flawlessly. However, I first went through this local dealer before I was able to get validated through Coinbase. The advantage Coinbase has over local dealers is the transaction amount. You can request 50 btc withdrawals per day and you can deposit 10 btc per day for the first month and 50 btc per day after that. My local dealer has a $2500/day limit.

I have also gone through localbitcoins.com and deposited to bank accounts and was credited almost immediately. That web site has a escrow service so you're not going to have someone just walk off with your bank deposit.

Take your localbitcoin deal elsewhere into another thread and stop jacking my thread. This is the scam accusations for christ's sake. You wanna tell other people how good your Coinbase or local deal went, then go ahead and post elsewhere. Thank you.

You don't own this board so I don't care what you say. I'll post anything I want.

I was being helpful by providing people with alternatives and was asked a question so I posted again. That's not hijacking a thread. Even if it were we'll talk about what we please. If you don't like that put me on ignore. Got it?

yep, I did ask, thanks btcprice.
javaguardian, thanks for the warning re: coinbase, I also use them.

btcprice

sr. member

Activity: 434

Merit: 250

Quote from: javaguardian on November 29, 2013, 06:38:05 PM

Quote from: btcprice on November 29, 2013, 01:03:34 PM

Quote from: Cefalu on November 29, 2013, 03:23:22 AM

Quote from: btcprice on November 29, 2013, 03:14:50 AM

Coinbase purchase times are growing. I first purchased 6 BTCs on 11/14/13 and was credited on 11/21/13 (7 days). I purchased 10 BTCs on 11/23/13 and now I find out it will take 9 days (11/2/13) to get credit.

I am now going to a local bitcoin dealer for purchases which only take 20 minutes.

would you please let us know how this turned out?
thx

Flawlessly. However, I first went through this local dealer before I was able to get validated through Coinbase. The advantage Coinbase has over local dealers is the transaction amount. You can request 50 btc withdrawals per day and you can deposit 10 btc per day for the first month and 50 btc per day after that. My local dealer has a $2500/day limit.

I have also gone through localbitcoins.com and deposited to bank accounts and was credited almost immediately. That web site has a escrow service so you're not going to have someone just walk off with your bank deposit.

Take your localbitcoin deal elsewhere into another thread and stop jacking my thread. This is the scam accusations for christ's sake. You wanna tell other people how good your Coinbase or local deal went, then go ahead and post elsewhere. Thank you.

You don't own this board so I don't care what you say. I'll post anything I want.

I was being helpful by providing people with alternatives and was asked a question so I posted again. That's not hijacking a thread. Even if it were we'll talk about what we please. If you don't like that put me on ignore. Got it?

lethe

newbie

Activity: 51

Merit: 0

Coinbase really should direct those people who are looking for larger transactions to the direction of a proper exchange. This method of acquiring users for their services may blow back at them bigtime. (Much worse than what OP has or will throw at them)

Topic: COINBASE RIPPED ME OFF $80k. *WARNING WARNING WARNING* (Read 5417 times)

Topic: COINBASE RIPPED ME OFF $80k. WARNING WARNING WARNING (Read 5417 times)