Topic: Stay away from Coinbase - page 14. (Read 17009 times)
I am using Coinbase and am very happy with their service, also very fast transactions back and forth.
This is just too annoying but for bitcoiners in US it's a necessary to use if you don't want to deal in person,Bitstamp stiill work I guess but not as easy as coinbase,it's an unethical business practice but nothing can be done.
I'm contacting https://oag.ca.gov/consumers about Coinbase. Anyone else who has been scammed by them should do the same. Note on the Coinbase "About" page they describe themselves as a company based in San Francisco, but their mailing address is located in Beaverton, Oregon.
Maybe their "robot" can help them out with the complaint.
What kind of company tells people their transaction is canceled because it's "high risk" - then in the same email encourages them to try again in a few weeks - with no additional verification? It's a scam - they want you to try again so they can get another interest-free loan and play the market, then keep your BTC if the prices goes up.
Maybe their "robot" can help them out with the complaint.
What kind of company tells people their transaction is canceled because it's "high risk" - then in the same email encourages them to try again in a few weeks - with no additional verification? It's a scam - they want you to try again so they can get another interest-free loan and play the market, then keep your BTC if the prices goes up.
I'm interested to hear good experiences had with companies like Coinbase. I am looking to gamble some pounds and wondering who to use to make my first BTC purchase. Does anyone have any recommendations?
Thanks!
Thanks!
There are better exchanges for UK. Im from Europe and use bitstamp instead
Thanks will check out bitstamp!
I'm interested to hear good experiences had with companies like Coinbase. I am looking to gamble some pounds and wondering who to use to make my first BTC purchase. Does anyone have any recommendations?
Thanks!
Bitstamp is incorporated in the UK, and most people (including me) have mostly good things to say about them. Good interface, and better banking than Mt Gox or BTC-E. The trading engine and API leave much to be desired, but good for the casual user. Thanks!
I'm interested to hear good experiences had with companies like Coinbase. I am looking to gamble some pounds and wondering who to use to make my first BTC purchase. Does anyone have any recommendations?
Thanks!
Thanks!
There are better exchanges for UK. Im from Europe and use bitstamp instead
would expect more from them, given that they are VC funded by the same firm (USV) that funded twitter and tumblr.
It is hard to make money trading bitcoin, especially with the market swinging as much as it has, so it is actually not surprising that they are doing what they are doing.
I really wish someone would just set up a real exchange that is based in the USA and accept assets for funding your account, like gold or silver, in order to get around banking regulations. A real exchange can make money off volume (by charging a % of trades) and not have to worry about whether the value of bitcoin goes up or down.
so when your send your ACH payment to them, they don't actually have the funds yet? how do you know this? this is an issue for the client then.. why would i want to pay for something that someone doesn't even have? that's like asking me to prepay for a service that i haven't even yet received.
An ACH transaction takes 3-5 days. They don't give you the bitcoins immediately because the ACH transaction can be cancelled during that time. Furthermore, an ACH transaction can be reversed. They must be cautious. Otherwise, scammers will use the banking system to steal money from them and put them out of business.
I was just thinking on doing business there. :\
I'm interested to hear good experiences had with companies like Coinbase. I am looking to gamble some pounds and wondering who to use to make my first BTC purchase. Does anyone have any recommendations?
Thanks!
Thanks!
would expect more from them, given that they are VC funded by the same firm (USV) that funded twitter and tumblr.
Yeah, I have always stayed away from things like coinbase
I haven't used them and don't plan to. I am worried about the constant flow of horror stories about them. Regardless, I always advise people to move their coins somewhere else immediately. 3rd party wallets are always a terrible idea, and I hate for newbies to think that Coinbase is a real wallet.
I too was ripped off by coinbase. Bought 10BTC last Friday at $424 each (instant buy). Was sitting on them til while the price was soaring. Come Wednesday, they cancel my transaction. I would have sold while it was hovering at $850. $4,000 profit gone. Just like that. I contacted support multiple times with no response. Also tried from a different email address and they didn't respond. Now any time I try to purchase they cancel the order. Stating it is a high risk transaction. I have made eight purchases from them since January. Now the last 2 canceled and its like I'm on some blacklist. 
When the BTC price is quickly increasing it is high risk for coinbase. It is not exchange and they have to buy the coins from other exchanges themselves - and transfering money there takes time. They call this high risk transaction
so when your send your ACH payment to them, they don't actually have the funds yet? how do you know this? this is an issue for the client then.. why would i want to pay for something that someone doesn't even have? that's like asking me to prepay for a service that i haven't even yet received.
I haven't purchased any BTC yet at CoinBase. I use it predominantly as my wallet and don't leave any great amount sitting in there for long (not that I have a great amount to leave in the first place). Basically everything BTC that I earn goes into CoinBase then deposited to CEX to buy ghs. I made one transfer from my bank to CoinBase - about $80 - and it took approx. 5 days, including the weekend.
I am going to make a small purchase of 0.01 BTC and take screen shots, then I will put up the screen shots of the cancelled transaction if Coinbase refuses to go through with the order.
Please show screen shots if they don't refuse, too.
I am going to make a small purchase of 0.01 BTC and take screen shots, then I will put up the screen shots of the cancelled transaction if Coinbase refuses to go through with the order.
I too was ripped off by coinbase. Bought 10BTC last Friday at $424 each (instant buy). Was sitting on them til while the price was soaring. Come Wednesday, they cancel my transaction. I would have sold while it was hovering at $850. $4,000 profit gone. Just like that. I contacted support multiple times with no response. Also tried from a different email address and they didn't respond. Now any time I try to purchase they cancel the order. Stating it is a high risk transaction. I have made eight purchases from them since January. Now the last 2 canceled and its like I'm on some blacklist.
When the BTC price is quickly increasing it is high risk for coinbase. It is not exchange and they have to buy the coins from other exchanges themselves - and transfering money there takes time. They call this high risk transaction
I too was ripped off by coinbase. Bought 10BTC last Friday at $424 each (instant buy). Was sitting on them til while the price was soaring. Come Wednesday, they cancel my transaction. I would have sold while it was hovering at $850. $4,000 profit gone. Just like that. I contacted support multiple times with no response. Also tried from a different email address and they didn't respond. Now any time I try to purchase they cancel the order. Stating it is a high risk transaction. I have made eight purchases from them since January. Now the last 2 canceled and its like I'm on some blacklist.
So they took away coins that they had put into your wallet? Very weird. Try contacting Olaf on the forums, he is sometimes more responsive to those requests.
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