Topic: Stay away from Coinbase - page 10. (Read 17009 times)

I just recently got into buying bitcoin. I have been researching the tech side of it for many months now. Obviously the world needs decentralized money!

While there are a bunch of problems out there, I personally have had none with Coinbase, but then again I buy in reasonable amounts.

Maybe people should think about the kind of buying they are doing. If your trying to buy 10 bitcoin to ramp the system so that you can then sell and make money , I kind of chuckle at the fact you might have had a problem.

First reason is; you've missed the whole point. If your trying to collect paper off of bitcoin, your pushing this crypto-wagon uphill. The real power of bitcoin is to eliminate that paper. Not to make YOU rich, because you think you understand how investment banking works.

Second reason is; that type of thinking is a brick wall. Like a giant spire. In the end it will just be you and some other morons like you trading the currency back and forth in large amounts between themselves trying to push everyone else out.

If bitcoin is strictly an investment to you, then you have missed the whole philisophical journey that bitcoin and other crypto's are. Your still trying to bank. Even though history is teaching us that banking is a form of evil.

So, if your tryin to turn bitcoin into another giant pyramid for your payout I sure hope you fall flat on yer ugly face at every attempt. 

 

The other day in the massive crash I bought 4 low instantly and sold $200 higher a few hours later.  Both transactions went through fine and my money was in my account this morning.  Was a nice and easy way to make several hundred dollars

I've heard this from a few different people but personally I have not had any issues yet, but thanks for the heads up

Neither did I for the first 5 months...

I posted the screenshots of me selling my balance, money was in my account the day it said it would be. I just sold some more today and it said it should be in my account by Monday.

So far I don't have anything bad to say about coinbase.

Michael

For me it takes 4 business days for it to post to my account. 2 for transfer from coinbase to officially show up at the bank and 2 for the 48 hour hold my bank places on electronic deposits. So far, I have not had any problems with them, though it makes me a little concerned to read what others have gone through. 

Well, I'm pleased and relieved.  The transaction completed and the money showed up in my bank account yesterday - a day earlier than the coinbase estimate.  It took 3 business days which is the same as PayPal and most other ACH based bank transfer services I've used.  I feel comfortable enough now to sell a larger amount.

I'm sure they have thought of this scheme even before reading my post... As far as buying, I don't buy btc. I only earn it...

yea i know the scheme... the problem is they have many demands now and since your message is read by one of the staff members will take a long time.

This was about half a year ago... If your order get canceled try buying again if the price drops. If the price increases contact coinbase and tell them that your order got canceled and you want to buy at the same price...

so they cancel your orders and now you bought again and it worked?

I have no problem with this work, and I'm still waiting. In October I wanted to Encourage them (some people just asking the same questions I do not answer my emails.).

Represent Bar and in the process I Learned a lot in the beginning, I must be patient, because I'm sure it will be a pressure on the business cash VC.

For me it cancelled the first two. Luckily I bought it when it was 120 and it dropped to 110 by the third purchase...

how is coinbase doing now? still canceling orders?

For me it took 3 days and was sent the day they said it would. The only thibg was that it was about and hour late but that's fine...

This has nothing to do with coinbase themselves... It all depends if the site you were "clicking" on really sends the money...

I sold on Tuesday night last week and they claimed I'd get them in 2 business days (which due to Thanksgiving would be Wednesday and Friday of that week).  They even claimed a date of Dec. 2nd and a time.

I ended up seeing the money appear in the bank on Dec 3rd in the morning.  They claimed the slow down was partially due to my bank's own processing of the transfer (can't confirm or deny this) which may have been made worse by the holiday week.

How fast is coinbase to withdraw BTC into USD to my bank account?

i think i'm the oldest member of coinbase from here. I bought from them btc worth 55k when the price was around $200. Never had any problems at all, no delays no canceled transactions etc. (i was ready to think this guys are the best out there) until last month when i bought 40 btc @ a very low price and they cancel my order in the last minute they had to clear my btc.

from now on all my transactions are flagged as high risk, customer support has the standard answers, give all the unnecessary answers like, erase cookies use one account, buy after 2 weeks etc.

I'm not saying i had a very bad experience with them, but when the shit hit the fan they are lost. They have huge holes in helping customers.

And for those who wrote here that you never had any bad experience with them there is something you didn't take in consideration. the word YET

all good things comes to an end.

Happy bitcoin

Well I opened up an account with them recently, but since I'm a newb to this whole crypto currency trading, I haven't bothered putting any money in it yet, and I'm not sure I will. At most I would probably just put a few bucks in to test things out, that way if you lose it, or they charge an arm and a leg, it's no big loss