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Topic: Is coinbase really a bad website to make a wallet on? (Read 3150 times)

full member
Activity: 224
Merit: 100
Coinbase is a wallet that I like best, features a simple, fast and free delivery cost, in addition coinbase is very secure wallet, if I had a lot of balance then I move into vault, so that when the transfer of the vault then took a few steps.
TGD
hero member
Activity: 1288
Merit: 620
Wen Rolex?
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
I might be supported this terns and rules. Basically, coinbase known as exchange site, but most of the people like beginner uses this wallet service. Most of them don't aware their rule before using so ultimately affected and create bad imputation against their service.
That's why you need to research first before using any web wallet if you can't follow the terms and conditions then do not use it. Find other wallet that you have fully control and use t web wallet like coinbase for exchange porpuses only. Frozen account is not only happen in coinbase it's happen In other  web wallet too.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
Eh, don't say that coinbase is unuseful wallet, they are us based exchangers and they have good security, it's not like that. I agree you that they are very strict and that makes sense that coinbase isn't for simple users, it's mostly for serious people in trading and for them, which are using bitcoin for serious actions, coinbase is different and their main goal isn't anonimity of users.

i feel like you are saying it in reverse!
coinbase is best for "simple users" aka newbies who want to start with bitcoin but prefer something similar to paypal where they create an account and put all their trust in a third party (many average Joes are like this!)
but it is not good for others such as those who want the decentralization of bitcoin or those who are traders. for trading other exchanges are better and cost less.

In simple users I mean people which want to use bitcoin for gambling, buy something and for etc many things without silly limits. Why coinbase cares about bitcoins from gambling website? I can't understand. Also yes, it's something similar of paypal but don't forget that paypal isn't lovely thing for many people, it's good for shopping, not for other reasons because silly freeze of accounts and etc
legendary
Activity: 3122
Merit: 1140
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
I might be supported this terns and rules. Basically, coinbase known as exchange site, but most of the people like beginner uses this wallet service. Most of them don't aware their rule before using so ultimately affected and create bad imputation against their service.
This thing actually happens on most new users out there on coinbase wallet and as you said most of them are newbies or those people dont even bother to read their terms  which is clearly stated that its not suitable or advisable to use it on gambling activities because they will surely block your account.
sr. member
Activity: 247
Merit: 250
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
I might be supported this terns and rules. Basically, coinbase known as exchange site, but most of the people like beginner uses this wallet service. Most of them don't aware their rule before using so ultimately affected and create bad imputation against their service.
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
Eh, don't say that coinbase is unuseful wallet,
No, I didn't say like that.

they are us based exchangers and they have good security, it's not like that.
I never say Coinbase have bad and horrible security, yet they are very strict regarding the funds.

I agree you that they are very strict and that makes sense that coinbase isn't for simple users, it's mostly for serious people in trading and for them, which are using bitcoin for serious actions, coinbase is different and their main goal isn't anonimity of users.
Honestly, you still have an access to store your bitcoin even you're a newbie until you know you shouldn't store all your money to exchanges and if you're going to buy Bitcoin through Coinbase they will ask you to upload the ID (I'm not sure). If you won't, then don't try to upload.

If you're concerned with anonymity, don't use Coinbase.
hero member
Activity: 562
Merit: 500
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
If you're concerned with anonymity, don't use Coinbase.
legendary
Activity: 3472
Merit: 10611
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
Eh, don't say that coinbase is unuseful wallet, they are us based exchangers and they have good security, it's not like that. I agree you that they are very strict and that makes sense that coinbase isn't for simple users, it's mostly for serious people in trading and for them, which are using bitcoin for serious actions, coinbase is different and their main goal isn't anonimity of users.

i feel like you are saying it in reverse!
coinbase is best for "simple users" aka newbies who want to start with bitcoin but prefer something similar to paypal where they create an account and put all their trust in a third party (many average Joes are like this!)
but it is not good for others such as those who want the decentralization of bitcoin or those who are traders. for trading other exchanges are better and cost less.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
Eh, don't say that coinbase is unuseful wallet, they are us based exchangers and they have good security, it's not like that. I agree you that they are very strict and that makes sense that coinbase isn't for simple users, it's mostly for serious people in trading and for them, which are using bitcoin for serious actions, coinbase is different and their main goal isn't anonimity of users.
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
legendary
Activity: 1862
Merit: 1004
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Most popular wallet? Maybe before when people dont have to give their personal information to coinbase and as what said above post, its an exchange and they are not safe to store with. And there's so many issues faced by coinbase users not just from gambling issue but also when there users want to exchange their bitcoin to cash. I read it on bitcoin discussion posted by someone from reddit and coinbase's forum.
As far as I am aware the most popular online bitcoin wallet is Blockchain.info with almost 13 million wallets created.
Detailed Stats: https://blockchain.info/charts/my-wallet-n-users Meanwhile Coinbase users - 2,800,000  (data from November 2015)
And I expect that now, when Coinbase is no longer paying for transaction fees they won't be having waves of new wallet users anyway.
copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Most popular wallet? Maybe before when people dont have to give their personal information to coinbase and as what said above post, its an exchange and they are not safe to store with. And there's so many issues faced by coinbase users not just from gambling issue but also when there users want to exchange their bitcoin to cash. I read it on bitcoin discussion posted by someone from reddit and coinbase's forum.
sr. member
Activity: 406
Merit: 250
Wolf
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.

Just because a wallet is popular doesn't mean its safe and trustable, The best way to determine is by reading peoples reviews or if possible experincing the said wallet yourself . And from what I have read it doesn't have a good reputation because they are very strict in terms of their KYC . The most common problem is locking or frozing an account that is used for gambling . Coinbase is not really for storing cause it is an exchange .
hero member
Activity: 2464
Merit: 594
I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
member
Activity: 77
Merit: 10
if you ready to give your id then use coinbase or bitpay.. but i only use blockchain.info cause i have when a website ask me my id..
sr. member
Activity: 630
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
I don't personally use coinbase as a means storing bitcoins yet but I read in other thread that it does have bad reputation. I'm not in position to talk but with what the feedback the users says then it really makes a point or will dealt a great impact on the site.
It doesnt have a bad reputation but only minor issues which normally happens in the past and its not a web wallet but an exchange wallet.I do make use of it until now and i didnt experience any problem with them as long you dont violate their ToS then theres no problem at all.They are known to lock accounts which been used on gambling.

It does make sense that one possible cause is account that had been used for gambling but does all account accompanied with gambling is affected or just the one that is suspected for illegal means? Because if yes then for example If I try to play on gambling site once and earn bitcoins then my account will be automatically lock? I am just wondering.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
I don't personally use coinbase as a means storing bitcoins yet but I read in other thread that it does have bad reputation. I'm not in position to talk but with what the feedback the users says then it really makes a point or will dealt a great impact on the site.
It doesnt have a bad reputation but only minor issues which normally happens in the past and its not a web wallet but an exchange wallet.I do make use of it until now and i didnt experience any problem with them as long you dont violate their ToS then theres no problem at all.They are known to lock accounts which been used on gambling.
sr. member
Activity: 247
Merit: 250
The only reason for one to use them now is the usage of their eth to btc exchange for free between their wallets.
Other than this, there is no reason for anyone to take the risk of their bitcoins to be locked in those accounts and not being able to make a withdrawal due to whatever reason they wish to charge against you.
How they charge against you if you real users and use their service to follow up all requirements? Obviously it never make sense charge against you do without nothing. Like a user never faced little bit issue.
full member
Activity: 195
Merit: 100
The only reason for one to use them now is the usage of their eth to btc exchange for free between their wallets.
Other than this, there is no reason for anyone to take the risk of their bitcoins to be locked in those accounts and not being able to make a withdrawal due to whatever reason they wish to charge against you.
sr. member
Activity: 630
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
I don't personally use coinbase as a means storing bitcoins yet but I read in other thread that it does have bad reputation. I'm not in position to talk but with what the feedback the users says then it really makes a point or will dealt a great impact on the site.
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