Topic: Stay away from Coinbase - page 11. (Read 17009 times)
So the process of buying through coinbase is a little slow, sure, but they're legit and I've had no problems with them.
I'm new to if you guys have any tips on investing in the new coins coming out or transferring them let me know.
I've got a pending transaction for a small amount. If it goes through should I just avoid coinbase until my account is level 2 for instant transactions?
This whole setup is pretty infuriating. I get that they have to protect against fraud, but they should let you deposit funds to the site, wait the 5 days, and then buy/sell at market rates with the funds you deposited. Instead you have to buy, wait 5 days, and have no idea if the price will tank or they will cancel the transaction.
If you want to wait to verify the funds are legitimate then let me deposit them and buy after they are verified.
This whole setup is pretty infuriating. I get that they have to protect against fraud, but they should let you deposit funds to the site, wait the 5 days, and then buy/sell at market rates with the funds you deposited. Instead you have to buy, wait 5 days, and have no idea if the price will tank or they will cancel the transaction.
If you want to wait to verify the funds are legitimate then let me deposit them and buy after they are verified.
i've spent like two hours clicking stuff to get some btc on coinbase, i hope they send them to me!
We'll 11:54pm came and went. Bank shows no deposits.
Coinbase no longer says the part about "should arrive before 11:54 pm on Dec. 2". Instead there's no such estimate and otherwise the details page shows the same as before (deposit portion claimed to still be 'pending').
Not impressed. Perhaps tomorrow it'll come...
I decided to send an e-mail to Coinbase support this morning and within 3 minutes I had an e-mail response from them! (I was pleased.)
The support guy claims they have done all on their end and it's a case of waiting for my bank to clear the transfer.
I appreciate his quick response.. Do I believe him that it's all on my bank... well I don't know.. but I'll see what shows up by the end of the day.
Sure enough the money appeared in my bank account between 9/10 am this morning (EST). A half day later than they claimed but all in all not too bad. I'll give them the benefit of the doubt since there was a holiday since I ordered.
Overall I'm happy enough with coinbase that I'll do business with them again.
We'll 11:54pm came and went. Bank shows no deposits.
Coinbase no longer says the part about "should arrive before 11:54 pm on Dec. 2". Instead there's no such estimate and otherwise the details page shows the same as before (deposit portion claimed to still be 'pending').
Not impressed. Perhaps tomorrow it'll come...
I decided to send an e-mail to Coinbase support this morning and within 3 minutes I had an e-mail response from them! (I was pleased.)
The support guy claims they have done all on their end and it's a case of waiting for my bank to clear the transfer.
I appreciate his quick response.. Do I believe him that it's all on my bank... well I don't know.. but I'll see what shows up by the end of the day.
I used them a few times a long time ago and all was fine.. i don't really have the stomach to buy coins on them right now though because of being trapped for 4 days with the coin price locked in. Fine if the price goes up, but could be catastrophic if there was a sudden drop of a few hundred $.
been looking for this information.. but does anyone know if it will still take me 4 days to receive my funds (the ACH payment to clear) now that i'm a level 1 and have done a transaction?
Yes it will. I've done 4 purchases (I'm a level 1 verified) and still the wait time on purchases coins.
Ya, you need level 3 to be able to buy and sell instantly...
been looking for this information.. but does anyone know if it will still take me 4 days to receive my funds (the ACH payment to clear) now that i'm a level 1 and have done a transaction?
Yes it will. I've done 4 purchases (I'm a level 1 verified) and still the wait time on purchases coins.
been looking for this information.. but does anyone know if it will still take me 4 days to receive my funds (the ACH payment to clear) now that i'm a level 1 and have done a transaction?
PM "Olaf (Coinbase)" and tell him your story. He will probably give you the bitcoins at the original price you bought at.
I sold a few last night on Coinbase.
It says it would take 2 business days to deposit the money - so their estimate is on Monday.
I'll let you know if it goes as smoothly as they say it should - so far so good.
It says it would take 2 business days to deposit the money - so their estimate is on Monday.
I'll let you know if it goes as smoothly as they say it should - so far so good.
Still waiting on the bank deposit.... Coin base says by 11:xx PM it should be there... Sure hope so.
Edit for typo
We'll 11:54pm came and went. Bank shows no deposits.
Coinbase no longer says the part about "should arrive before 11:54 pm on Dec. 2". Instead there's no such estimate and otherwise the details page shows the same as before (deposit portion claimed to still be 'pending').
Not impressed. Perhaps tomorrow it'll come...
I'll add my name to the list of people of who have been happy with Coinbase.
I had to wait out the transaction times, but since there really aren't many options in the US, I'm not complaining.
Yes, their prices suck. Yes, if your a newb and want to signup and buy bitcoins RIGHT NOW, you're going to have to wait.
However, for me, they have been upfront about their policies, and have lived up to what they said they would do. YMMV
I had to wait out the transaction times, but since there really aren't many options in the US, I'm not complaining.
Yes, their prices suck. Yes, if your a newb and want to signup and buy bitcoins RIGHT NOW, you're going to have to wait.
However, for me, they have been upfront about their policies, and have lived up to what they said they would do. YMMV
I thought Coinbase is a nice one but after reading these feedbacks, I had a change of mind. I do hope though that these feedbacks will change their services to their clients.
welp, finally received my coins about 9 days after making my order; it was delivered at the scheduled time. kind of a pain waiting that long, but i hope future purchases don't take as long.
I have used Coinbase to buy since March and I have had no problems. MMV
I just signed up with Coinbase last Friday and the bank verify deposits completed yesterday. I only created an account to sell some of the btc I've mined. I've read several horror stories but, it seems like every exchange out there has plenty of them. Since I went to the trouble to create the account and get level II verified I think I'll go ahead and try to sell a small amount and see what happens. I will post the results.
I sold BTC0.05 thanksgiving night. Coinbase said my money would hit my bank account on 12/04. I still have cautious optimism that the transaction will complete successfully however, I will wait for it before selling any more btc. Will post an update after 12/04.
To be honest, Coinbase has by far been the best method I've ever used to acquire BTC. Granted, I went through all the verifications and got Tier II about a month ago. I haven't really used it since horror stories started appearing, but I'm quite sure I can still buy instantly with no issue. It's unfortunate that OP and others got caught up in the unethical transaction reversals.
my btc should be coming within 30 minutes now.. i bought on the 23rd and it still hasn't arrived yet due to the holidays. hopefully it comes in today. i hope my transaction move a lot quicker after this one.
I sold a few last night on Coinbase.
It says it would take 2 business days to deposit the money - so their estimate is on Monday.
I'll let you know if it goes as smoothly as they say it should - so far so good.
It says it would take 2 business days to deposit the money - so their estimate is on Monday.
I'll let you know if it goes as smoothly as they say it should - so far so good.
Still waiting on the bank deposit.... Coin base says by 11:xx PM it should be there... Sure hope so.
Edit for typo
11 something PM is pretty much a nonsense. Banks are closed by 5 PM and usually anything arriving after 3 PM will not be processed until the next day.
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