Topic: Stay away from Coinbase - page 7. (Read 16992 times)
Thanks fro the advice!
I have made 3 purchases with coinbase and the only issue I have this far is the wait time...
Thanks .
I would be careful
I would be careful
So far I have had 0 problems with Coinbase except for a transaction that I thought never processed due to lag/offline time randomly show up on my account 3 hours later :| .
YET
So far I have had 0 problems with Coinbase except for a transaction that I thought never processed due to lag/offline time randomly show up on my account 3 hours later :| .
I've had good luck dealing with Coinbase but I do worry if I try to sell when their's a run on BTC or an (even temporary) 'crash' - will they be able to deliver?
Or will they do something ludicrous like 'due to heavy volume we are suspending selling your BTC' sort of thing..
But then again there seems to be no guarantee on this anywhere..
Maybe the best bet is to have many accounts in many exchanges where you can sell small amounts of your btc at a moment's notice?
If this really happened, couldn't you just instantly transfer your BTC to another exchange and try it there? Bitcoins are fast/mobile, they aren't stuck in limbo forever like cash in ACH transactions. Or will they do something ludicrous like 'due to heavy volume we are suspending selling your BTC' sort of thing..
But then again there seems to be no guarantee on this anywhere..
Maybe the best bet is to have many accounts in many exchanges where you can sell small amounts of your btc at a moment's notice?
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!
I used coinbase for faucet money starting out 
Also, incase people don't know, in order to get instant buy of btc, you have to verify a credit card.
Also, incase people don't know, in order to get instant buy of btc, you have to verify a credit card.
Just getting started with Coinbase; hope things work out all right.
thanks for the heads up all. i am staying away from this place!
I just signed up last week and am waiting to become verified... 
If you are in the US, most banks have the option to be instantly verified!
I just signed up last week and am waiting to become verified...
i dont trust them. too many horror stories. best of luck to those trying them out.
will try them on monday. i hope they will let me purchase some coins. any other buyer who had problems before and now can successfully purchase coins over coinbase?
I have just tested them out. No problems at all. Sold some BTC, the funds were in my bank when they stated they would. Bought some BTC instantly.
I did all the verifications that they asked. What I remember about the credit card verification is that it had to be a Visa. My debit card is MC, so I had to use a CC.
I'm happy with them.
I did all the verifications that they asked. What I remember about the credit card verification is that it had to be a Visa. My debit card is MC, so I had to use a CC.
I'm happy with them.
Has anyone had any experience using Coinbase to receive payments from people? I just signed up with them and am considering using them for a 'pay with bitcoin' button on my website. I'm not sure what the other options are though yet, I'm new to this.
Well I havent used that button but I do know how it works. When you press the pay button, it has full bias towards coinbase (its says if you have a coinbase account, login) but I believe that it also generates a address to send money to. All in all it works 100%. It also automatically generates invoices!
I'm based in US so I was under the impression that I couldn't withdraw USD from Mt. Gox. My plan then would be to send it back to Coinbase if I needed to withdraw or just leave it in Mt. Gox for awhile.
Haha, if you are in the US (like me
) then good luck getting fiat out. There is sooooo much verification that you have to go through that its going to be hard.Not really, on coinbase you can get fiat out with level 1, I've sold btc twice on coinbase. Mt Gox requires all the verification to do fiat out.
I was talking about Mt. Gox...
Has anyone had any experience using Coinbase to receive payments from people? I just signed up with them and am considering using them for a 'pay with bitcoin' button on my website. I'm not sure what the other options are though yet, I'm new to this.
I'm based in US so I was under the impression that I couldn't withdraw USD from Mt. Gox. My plan then would be to send it back to Coinbase if I needed to withdraw or just leave it in Mt. Gox for awhile.
Haha, if you are in the US (like me
) then good luck getting fiat out. There is sooooo much verification that you have to go through that its going to be hard.Not really, on coinbase you can get fiat out with level 1, I've sold btc twice on coinbase. Mt Gox requires all the verification to do fiat out.
I'm based in US so I was under the impression that I couldn't withdraw USD from Mt. Gox. My plan then would be to send it back to Coinbase if I needed to withdraw or just leave it in Mt. Gox for awhile.
Haha, if you are in the US (like me
) then good luck getting fiat out. There is sooooo much verification that you have to go through that its going to be hard. Jump to: