Warning !!! about coinbase web wallet..

bit1

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Quote from: Barcode_ on June 16, 2017, 01:58:46 PM

Coinbase seems to be having a lot of trouble recently with the price of bitcoin rising, their website seems to be down more often at crucial times when users wanted to sell their bitcoin at higher rates, and buy in bitcoin at lower rates but was denied doing so as the site was down, Coinbase reddit was flooded with tons of post from many angry and annoyed customers.

Many users are complaining on coinbase reddit that their support tickets was not being replied by anyone even after weeks of waiting regarding their issue, it seems that coinbase does not even care about their reputation nowadays.

Perhaps they are seeing themselves overtaken by the abrupt increase in the number of transactions and that will happen to other platforms established so either face the challenge or another service will take its place, that simple, in the other hand if that is true, what worries is that users can not access when they want to do an operation since it would not be reliable anymore, so users will determine whether it is feasible or not depending on their experience with them.

Barcode_

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Coinbase seems to be having a lot of trouble recently with the price of bitcoin rising, their website seems to be down more often at crucial times when users wanted to sell their bitcoin at higher rates, and buy in bitcoin at lower rates but was denied doing so as the site was down, Coinbase reddit was flooded with tons of post from many angry and annoyed customers.

Many users are complaining on coinbase reddit that their support tickets was not being replied by anyone even after weeks of waiting regarding their issue, it seems that coinbase does not even care about their reputation nowadays.

raymond541

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Quote from: danherbias07 on June 14, 2017, 11:10:53 AM

One of the wallets that have no option when doing transactions.
The fee is stucked there and you cannot even choose how much it should be even if you are ready to wait for a long transaction time.
I just use this service when I have no option but literally it aint good. They should fix their services if they want their users to grow.

yeah they set fees how much you have to pay for the transaction and the fees is very high $3 to $5.this is really suck you can not set your fees.
they track your transaction like FBI so you can not be anonymous.they can hold your account anytime ask you for document.if you not submit document they may close your account.

danherbias07

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One of the wallets that have no option when doing transactions.
The fee is stucked there and you cannot even choose how much it should be even if you are ready to wait for a long transaction time.
I just use this service when I have no option but literally it aint good. They should fix their services if they want their users to grow.

johnwest

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Quote from: omonuyak on June 14, 2017, 04:09:08 AM

Thank you for providing this useful information and I think evey person should follow your recommendations. Of recent I have a collague have login problem and some coins was transferred to his coinbase account and until now cannot login. Hope they resolved this problem before it get late.

I have only once contacted their service and it was ok ok conclusion from me, Its never safe to keep your BTC or any other crypto currencies on exchanges. Desktop or Mobile wallets are the best to hold your cryptos, I nver sent more than 0.5BTC to coinbase account and I have never encountered any problem from them.

omonuyak

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Thank you for providing this useful information and I think evey person should follow your recommendations. Of recent I have a collague have login problem and some coins was transferred to his coinbase account and until now cannot login. Hope they resolved this problem before it get late.

iyan33

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I am currently using coinbase wallet service but up until now I have not encountered any problems that could cause harm to my wallet, if indeed this service is not good in arranging customer service please give me the reason?
So I can understand and display links.
Who feel has been harmed by this service, because of course this is very useful for me and other bitcoin users.

232drialf

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As previous users said it is mandatory to keep your bitcoins safe! Never keep them inside of an exchange or online wallet! Multibit or electrum are easy to install and quite fast!

bouren

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Quote from: alani123 on June 13, 2017, 08:24:01 AM

Coinbase's web wallet really is one of the worst. Now that they've stopped providing specific services to wallet users it does nothing over any other web wallet other than being supposedely regulated (which isn't nessecerily good for most).

I don't think there is much change in Coinbase than adding fees in last few years. It used to be web wallet with zero control over funds in past too as at present. So if anyone was or is using Coinbase then it is only because he/she trust the company. And in my views company didn't change much from past and providing good service (atleast not insane fees like other mobile wallet doing).
So it is wrong to accuse company for no reason.

alani123

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Coinbase's web wallet really is one of the worst. Now that they've stopped providing specific services to wallet users it does nothing over any other web wallet other than being supposedely regulated (which isn't nessecerily good for most).

nethan1btc

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Quote from: ubercool on June 13, 2017, 05:52:30 AM

Quote from: Termin4tor on June 11, 2017, 08:30:53 AM

Quote from: SimmonenY on June 08, 2017, 03:35:47 AM

I'm wondering why do they still have so many clients if there is so much negative feedback?

They've got a ton of negative feedback but their brand name is still not tarnished at all. Not all people face the problems which others face with them. So a lot of happy clients still use them. Also, I guess the main reason why they attract and have so much clients is their SEO on search engines. Just type "buy bitcoin" on google and you can see them on the second result itself. Same goes with the "sell bitcoin", you can see them being the third result as well.

I too end up at Coinbase for the first time through Google only, Although I have shifted to better wallets and exchanges, I still use the coinbase account. I never experienced any problem with it and transactions are quite fast in getting confirmations. So will be using coinbase in the future too.

Also for me mate, coinbase has not done any delays on my transactions and in fact their service of btc sending has lower rates. The transaction processing is very fast and I used it on the payment for transfer btc to my sister who had her another wallet too. Even though there's a lot of negative feed back from speculators, but it doesn't change my loyalty to this site due to their good partnership to me specially when I got to receive my payment I had from the present campaign I have right now; still coin base is the best online wallet for me.

ubercool

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Quote from: Termin4tor on June 11, 2017, 08:30:53 AM

Quote from: SimmonenY on June 08, 2017, 03:35:47 AM

I'm wondering why do they still have so many clients if there is so much negative feedback?

They've got a ton of negative feedback but their brand name is still not tarnished at all. Not all people face the problems which others face with them. So a lot of happy clients still use them. Also, I guess the main reason why they attract and have so much clients is their SEO on search engines. Just type "buy bitcoin" on google and you can see them on the second result itself. Same goes with the "sell bitcoin", you can see them being the third result as well.

I too end up at Coinbase for the first time through Google only, Although I have shifted to better wallets and exchanges, I still use the coinbase account. I never experienced any problem with it and transactions are quite fast in getting confirmations. So will be using coinbase in the future too.

virasog

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Quote from: Joel_Jantsen on January 11, 2017, 07:53:20 AM

Quote from: onnz423 on January 11, 2017, 07:33:05 AM

Never had any problems with coinbase, except when buying btc sometimes it says failed and takes money from the card little bit later. You could just always do this if you dont want to get tracked by them: coinbase -> wallet -> bitcoin mixer service -> wallet. Don't store your bitcoins there, withdraw asap to an address you own private key for.

The moment money arrives in the coinbase wallet,logically you give out your control to the exchange.Meaning,they can do whatever the fuck they want with the coins.If the sources of your coins is through a gambling site or any fraudulent practices ,your account will be suspended with no explanations. Why choose a complicated way to make your bitcoins secure when you can simply use a small desktop wallet?

We don't get scammed. The main thing is to not listen to the people here. They take the time and effort to garner some rank so that that they can take advantage of it and hit people hard. The next thing is to make sure that you are acting on your own choices and not those that are pushed on you by rumors and innuendo. Also, at the same time do not let another person push you into something, even if they do not seem to be trying to.

Termin4tor

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Quote from: SimmonenY on June 08, 2017, 03:35:47 AM

I'm wondering why do they still have so many clients if there is so much negative feedback?

They've got a ton of negative feedback but their brand name is still not tarnished at all. Not all people face the problems which others face with them. So a lot of happy clients still use them. Also, I guess the main reason why they attract and have so much clients is their SEO on search engines. Just type "buy bitcoin" on google and you can see them on the second result itself. Same goes with the "sell bitcoin", you can see them being the third result as well.

lordfirefox

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Wow Coinbase's rivals will say anything. Even outright lie. LOL. Cheesy

frowsiter

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You can trust it a lot. Using it since long time. I have never gotten any problems with coinbase. They always have good price in the market. They pay me what I deserve. I can understand the fees are increased now but it is fault of blockchain as whole an not coinbase. I support coinbase a lot. Wish to get paid with it only.

richardsNY

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Quote from: apoorvlathey on June 10, 2017, 02:23:42 PM

Coinbase is the worst that I have used. The user is not in control of their private keys, that dismisses the basic principle of bitcoin - decentralization !

Even if the online wallet service you are using does provide you with your private keys, you are still subject to centralization since you're not the sole owner of 'your' private keys. In order to avoid any form of centralization, you must avoid making use of online wallet services, exchanges, certain light weight wallet clients, etc. Only then you'll be able to fully benefit from Bitcoin's decentralization aspect.

apoorvlathey

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Coinbase is the worst that I have used. The user is not in control of their private keys, that dismisses the basic principle of bitcoin - decentralization !
Months ago my coinbase wallet was also closed by them without any proper reason, some say that receiving funds from gambling sites ceases your web wallet. But I got payment from faucets and its system stilled banned the wallet.
Although, I was able to withdraw all my funds, and now I use Electrum.

nethan1btc

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This topic is not really a reliable sources of idea to believe as grounds of any warnings, because if there is such circumstances that happens everything can be fiex by site admins; speculating for any warnings about coinsbase is not a right actions to do. We should not say negative things on coinbase because it will not propagate good results specially when you have a stored btc with their site, better stay calm and raise any concerns with the site support.

n691309

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Quote from: bitcoin talk on June 07, 2017, 10:05:52 PM

Quote from: neochiny on January 14, 2017, 02:09:55 AM

...use Electrum or other desktop wallets ...Of course, you pay for your own fees.
For anyone who doesn't like paying for their own transaction fees, then deal with all those strings attached.
...I use both. Coinbase for when I'm skimping on fees and Electrum for the main wallet.

What are the fees like when you use your own desktop wallet and
how long does it take to download the whole blockchain with setup of Electrum or desktop wallets?

This is the lowest fee at the moment that we can set in Electrum, if you are not in hurry when transfering the bitcoin then this is a good option to save a little bit in fees. But 0.004btc/kB is standard fee for transaction to be included in the next 5 blocks otherwise with a fee of 0.007btc/kB it shows that tthe transaction can be included in the next 1st block.

Topic: Warning !!! about coinbase web wallet.. (Read 2414 times)