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Topic: Warning! Do not use Coinbase.com Scam Artists! - page 4. (Read 14348 times)

newbie
Activity: 9
Merit: 0
I bought coins via Coinbase on 11/1 and received them yesterday (along with my nice value increase on them). Your theory of them scamming you is a stretch. I've bought from them the past several weeks and always have gotten my coins despite the consistent price increase since October.

Get level 2 verified and your worries are out the window. Or you can try to wire money to Bitstamp which will take 5 days and you won't be able to buy coins before the price increases.  You'll be in exactly the same boat you are in now. Life goes on. And I say this as someone who also had my first transaction with Coinbase flagged, losing profits as a result.
sr. member
Activity: 1008
Merit: 250
Coinbase.com is a complete scam. I know that some users have been able to succesfully buy coins, but heed my warning.

It was my first purchase, I bought November 4th @ $224.99. The coins were suppose to arrive today, Friday November 8th at 7:24am PST.

Some Details.

I Used a bank account that has been open for 3 years and has never been used to buy any bitcoins. I confirmed my phone and identity with Coinbase.

Today right as my coins were suppose to arrive I receive an email saying my order was canceled. They would send my money back to my bank account soon. So Coinbase got a small loan with 0% interest for over a week.

What I think really happened?

Well the price of the bitcoins I purchased increased by over $100.00 a piece over the last week. I believe that they scammed me, if the price had gone down in price would my purchase still have been canceled? Who knows. AVOID THIS COMPANY AT ALL COSTS. They are a scam artists.

*Edit*

I have contacted support to indicate that I was incorrectly labeled high risk. If they do what they should and resolve this issue I will update this thread.

*Edit*

They took MY money to buy coins @ $224.99 and then they are giving MY money back after making over 45% on MY money.
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