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Topic: Stay away from Coinbase - page 6. (Read 17009 times)

sr. member
Activity: 434
Merit: 250
December 09, 2013, 01:19:23 AM
I think best is still bitstamp

Well.... BTC-e is cheap and has been reliable so far.

Probably go with BTC-e too. They don't always have the greatest of rates but getting money into and out of the exchange has always been speedy and hassle-free (EUR, BTC, FTC and LTC deposits/withdraws so far).

They support a lot of external providers and the btc-e e-code things seem to be accepted by places.

What do you mean cheap? They should be roughly the same price, otherwise you can buy on btc-e and sell on bitstamp.

BTC-e is basically almost $100 to $200 and sometimes even more cheaper. Only in the USD/coin ratio though. If you are doing coin/coin, then the ratio is about the same as if BTC was valued at $1000.

The reason for the very cheap $$ prices is because it is nearly impossible to deposit any money there, so people are comfortable selling it for a cheap price. So they can get some cheap $$, and use that small amount of $$ already deposited to perhaps profit in the future.

So your saying that I can still buy BTC for $200?

he probably means cheaper than other exchanges. it's quite amazing how the rates are so close now.. $850-$870 between btc-e, mtgox, and bitstamp.
legendary
Activity: 1092
Merit: 1000
nahtnam.com
December 08, 2013, 05:52:56 PM
I think best is still bitstamp

Well.... BTC-e is cheap and has been reliable so far.

Probably go with BTC-e too. They don't always have the greatest of rates but getting money into and out of the exchange has always been speedy and hassle-free (EUR, BTC, FTC and LTC deposits/withdraws so far).

They support a lot of external providers and the btc-e e-code things seem to be accepted by places.

What do you mean cheap? They should be roughly the same price, otherwise you can buy on btc-e and sell on bitstamp.

BTC-e is basically almost $100 to $200 and sometimes even more cheaper. Only in the USD/coin ratio though. If you are doing coin/coin, then the ratio is about the same as if BTC was valued at $1000.

The reason for the very cheap $$ prices is because it is nearly impossible to deposit any money there, so people are comfortable selling it for a cheap price. So they can get some cheap $$, and use that small amount of $$ already deposited to perhaps profit in the future.

So your saying that I can still buy BTC for $200?
newbie
Activity: 1
Merit: 0
December 08, 2013, 05:52:35 PM
 I was waiting on a deposit couple weeks ago when it never showed up o began to worry . It turns out they ran out of money . Didn't even bother sending me an email had to find it out online.

full member
Activity: 182
Merit: 100
The General
December 08, 2013, 05:51:35 PM
I think best is still bitstamp

Well.... BTC-e is cheap and has been reliable so far.

Probably go with BTC-e too. They don't always have the greatest of rates but getting money into and out of the exchange has always been speedy and hassle-free (EUR, BTC, FTC and LTC deposits/withdraws so far).

They support a lot of external providers and the btc-e e-code things seem to be accepted by places.

What do you mean cheap? They should be roughly the same price, otherwise you can buy on btc-e and sell on bitstamp.

BTC-e is basically almost $100 to $200 and sometimes even more cheaper. Only in the USD/coin ratio though. If you are doing coin/coin, then the ratio is about the same as if BTC was valued at $1000.

The reason for the very cheap $$ prices is because it is nearly impossible to deposit any money there, so people are comfortable selling it for a cheap price. So they can get some cheap $$, and use that small amount of $$ already deposited to perhaps profit in the future.
legendary
Activity: 1092
Merit: 1000
nahtnam.com
December 08, 2013, 05:44:49 PM
I think best is still bitstamp

Well.... BTC-e is cheap and has been reliable so far.

Probably go with BTC-e too. They don't always have the greatest of rates but getting money into and out of the exchange has always been speedy and hassle-free (EUR, BTC, FTC and LTC deposits/withdraws so far).

They support a lot of external providers and the btc-e e-code things seem to be accepted by places.

What do you mean cheap? They should be roughly the same price, otherwise you can buy on btc-e and sell on bitstamp.
newbie
Activity: 26
Merit: 0
December 08, 2013, 05:41:10 PM
I think best is still bitstamp

Well.... BTC-e is cheap and has been reliable so far.

Probably go with BTC-e too. They don't always have the greatest of rates but getting money into and out of the exchange has always been speedy and hassle-free (EUR, BTC, FTC and LTC deposits/withdraws so far).

They support a lot of external providers and the btc-e e-code things seem to be accepted by places.
newbie
Activity: 7
Merit: 0
December 08, 2013, 05:29:22 PM
I haven't had any problems with coinbase.  They do have long transaction times at the beginning, but it is a scaling system, much like having to post/wait here.
newbie
Activity: 42
Merit: 0
December 08, 2013, 03:32:04 PM
I think best is still bitstamp

Well.... BTC-e is cheap and has been reliable so far.
legendary
Activity: 1092
Merit: 1000
nahtnam.com
December 08, 2013, 03:27:59 PM
I think best is still bitstamp

I have never had any issues with coinbase so I never tried bit stamp. How much verification do you need to buy and is it instant?
legendary
Activity: 1092
Merit: 1000
nahtnam.com
December 08, 2013, 03:26:57 PM
I purchased bitcoins from coinbase several times without problems. My only problem with them was when I tried to verify my credit card. Coinbase emailed me that small charges had been made but I couldn't find them so I can't verify, and they keep sending me emails reminding me to verify.

Call your cc provider. It is probably something to do with them. I didn't have any issues verifying my debit card!
legendary
Activity: 1092
Merit: 1000
nahtnam.com
December 08, 2013, 03:25:27 PM
I have made 3 purchases with coinbase and the only issue I have this far is the wait time...

Same... I'll post if anything bad happens but so far so good. Let's keep it that way  Wink

So far I've had more problems with BTC-e and MtGox than CoinBase. Out of all the exchanges I've used, Coinbase is the 2nd best and I found them to be very reliable. So far...

What's the first best?
newbie
Activity: 13
Merit: 0
December 08, 2013, 12:08:37 PM
I think best is still bitstamp
newbie
Activity: 4
Merit: 0
December 08, 2013, 12:06:35 PM
I purchased bitcoins from coinbase several times without problems. My only problem with them was when I tried to verify my credit card. Coinbase emailed me that small charges had been made but I couldn't find them so I can't verify, and they keep sending me emails reminding me to verify.
full member
Activity: 182
Merit: 100
The General
December 08, 2013, 11:21:02 AM
I have made 3 purchases with coinbase and the only issue I have this far is the wait time...

Same... I'll post if anything bad happens but so far so good. Let's keep it that way  Wink

So far I've had more problems with BTC-e and MtGox than CoinBase. Out of all the exchanges I've used, Coinbase is the 2nd best and I found them to be very reliable. So far...
hero member
Activity: 658
Merit: 500
December 07, 2013, 03:03:46 PM
coinbase is like the other major companies out there. they put themselfs first before customers. they are not scammers but they are trully deceiving people when they want.  deal with caution
newbie
Activity: 27
Merit: 0
December 07, 2013, 02:40:53 PM
i agree, dont use them. you risk having them renege on your reserved price. also, using any 3rd party wallet service is dangerous -- use your own wallet!

...lol what I bolded just reminded of that capital one viking commercial 'what's in yer wallet' ... anyhow glad I saw this thread today. I signed up with Coinbase last year and was just about to transfer to BTC using Coinbase again (considering the recent BTC 50% drop from around $1100). So volatile though, I'm still hesitant.
jr. member
Activity: 55
Merit: 1
December 07, 2013, 02:32:05 PM
100% don't use them. scam artists, the lot of them! Undecided
They're not scam artists and they're backed by VC firms.  You can read their bios on the website and all the articles written about them.  They're also not an exchange so things work a little different.
newbie
Activity: 9
Merit: 0
December 07, 2013, 02:08:15 PM
Is coinbase OK for selling? It seems like the only way to get money for us located in the US. Everything else you have to go through tons of hoops and other methods + fee's to get it into a bank. I was thinking of exchanging on something else (such as Cryptsy although that looks kinda iffy for now, but an exchange) and then transferring the BTC to coinbase and selling there.

I have sold through coinbase and it was fine. you can also try localbitcoins if you want to sell for cash
member
Activity: 112
Merit: 10
December 07, 2013, 01:37:51 PM
Is coinbase OK for selling? It seems like the only way to get money for us located in the US. Everything else you have to go through tons of hoops and other methods + fee's to get it into a bank. I was thinking of exchanging on something else (such as Cryptsy although that looks kinda iffy for now, but an exchange) and then transferring the BTC to coinbase and selling there.
newbie
Activity: 6
Merit: 0
December 07, 2013, 01:34:10 PM
Thank you for this thread for a Newbie its helps a lot. Before joining this forum I had Looked / Considered them as a possibility.. Now I have lots to read here from real world experiences.
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