What are your thoughts on Coinbase and others?

ObscureBean

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Quote from: steveds on January 10, 2016, 05:22:23 AM

Quote from: lenoli on January 09, 2016, 12:08:40 PM

coinbase is best online wallet for sure

It's not a wallet.

Actually you could say that it is primarily a wallet, the ability to buy and sell Bitcoin is only available in 25 countries. It's wallet services on the other hand is available in 190 countries. Coinbase accounts for only around 4% of the monthly Bitcoin trading volume.

ThunderThomas

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Quote from: ?? on ??

I am fully verified with Coinbase and haven't ever had any issues.

Yes, i've been there for 6 months now and never got a real problem.
+ whenever i have a question they respond promptly

siameze

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Quote from: The Sceptical Chymist on January 06, 2016, 11:51:11 PM

Quote from: Outlander on January 06, 2016, 11:44:53 PM

Quote from: avatar_kiyoshi on January 06, 2016, 03:30:33 PM

So far AFAIK coinbase haven't any issue.
But personal data is required.

yes, some users here have their coinbase accounts closed without being given any legit reasons, which is really annoying!

I'm one of those, though I'm not totally blame free. I had a bank account linked to my Coinbase account, and at some point I closed that bank account but forgot to delete the data from Coinbase. Then I tried to buy a small amount ($3-4 or so) of bitcoin and accidentally chose the dead account as the payment method. Coinbase never actually tried to take funds out as far as I know--nothing bounced--but they just closed my account. Oh well. I never did any gambling and the only thing I ever did with the btc I did buy was to move it around though a few wallets I was playing with.

Good luck, OP.

I also am one of these people, and you may as well be prepared to fork over your entire life and work history basically as they will ask for it sooner or later. Sure they make it easy to buy Bitcoin, but I consider it a very shady service that goes against all that Bitcoin is supposed to free us from.

If you want to have bank-like protections, the nsa watching your coins, and pretty much be told where you can and can't spend your coins, go for it. If you like a bit more financial freedom avoid them like the plague and find an alternative method of buying instead.

HarryKPeters

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Quote from: steveds on January 10, 2016, 05:22:23 AM

Coinbase is most probably owned by government and the one benefit is their reputation,it keeps people satisfied and there is very less chance of them losing their money like cryptsy.But i personally don't like the verifications and the time they require is very long too.

Quote from: lenoli on January 09, 2016, 12:08:40 PM

coinbase is best online wallet for sure

It's not a wallet.

Coinbase offers their uses both a online wallet service and they act as an exchange.
I prefer blockchain.info but coinbase.com is a solid number 2.

Reliable etc.

steveds

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Coinbase is most probably owned by government and the one benefit is their reputation,it keeps people satisfied and there is very less chance of them losing their money like cryptsy.But i personally don't like the verifications and the time they require is very long too.

Quote from: lenoli on January 09, 2016, 12:08:40 PM

coinbase is best online wallet for sure

It's not a wallet.

BellaBitBit

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I like Coinbase:

-customer service response time is great
-friendly customer service
-secure (vault has 48 hour waiting period with two person verification
-they are US based in SF, a legitimate company
-deposits back to USD in bank within 1 day
-love the app and love the desktop site

alwinlinzee

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I often have problem receiving the 2 factor codes on my phone but coinbase also have phone call option and i can place a call and receive the code by call.
Simply the best.

jt byte

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I was a blockchain fan since they offer many options in their wallet.
But since coinbase also allows to sign messages https://support.coinbase.com/customer/portal/articles/1526413-how-do-i-sign-a-message-with-a-bitcoin-address-

They are my favourite wallet.

HITTI2

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I don't gamble. Dunno what it is like so its nothing I am missing.

adicted

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Quote from: Outlander on January 06, 2016, 11:44:53 PM

Quote from: avatar_kiyoshi on January 06, 2016, 03:30:33 PM

So far AFAIK coinbase haven't any issue.
But personal data is required.

yes, some users here have their coinbase accounts closed without being given any legit reasons, which is really annoying!

I am one of those users and that happened to me a year ago but I just realized after a weekI made a mistake which is against their ToS. Its also my bad for not reading their ToS before signing up Cheesy

@OP: coinbase is fine for buying bitcoins, just don't use it for gambling

lenoli

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coinbase is best online wallet for sure

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Coinbase is good, and others like Bit-X and Kraken also give you the opportunity to get your BTC at better rates after getting verified there...
I am personally using Bit-X, and can say that they offer the best rates to date...

onlinedragon

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Quote from: Outlander on January 06, 2016, 11:44:53 PM

Quote from: avatar_kiyoshi on January 06, 2016, 03:30:33 PM

So far AFAIK coinbase haven't any issue.
But personal data is required.

yes, some users here have their coinbase accounts closed without being given any legit reasons, which is really annoying!

For this reason I don't like them and will never use there wallet. I call it theft when you close people there accounts and you can't withdraw your balances.

Amph

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too much restriction, and i'm using bitcoin, to have some freedom, so i don't like it too much, the good way is that they offer you a simple way to declare your income through their website for IRS

i guess it's good for usa citizens, because they also offer a pretty good insurance, if your funds are lost, for hacking or similar

ObscureBean

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Coinbase all the way for me, been using them for 2 years now and have never had any issues. They've got some pretty cool features too like the "Vault" which allows you to store your Bitcoins offline for added security. Also they are insured and they don't charge transaction fees

amacar2

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I love blockchain as coinbase ask for lots of personal information which i afraid to give to as i use bitcoin to be anonymous.
Only email is enough for blockchain to use all of the function so i love blockchian.info rather than coinbase.

Tstar

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Coinbase is stable. But they close account for gambling. (included in their TOS)
Blockchain is kinda buggy from time to time but your could use it for whatever you want.

ajrah

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I heard that it is against the TOS of Coinbase to receive and send Bitcoins to a gambling site which I think is unreasonble for now since I see a large number of Bitcoin users get their coins from gambling sites.

The Sceptical Chymist

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Quote from: Outlander on January 06, 2016, 11:44:53 PM

Quote from: avatar_kiyoshi on January 06, 2016, 03:30:33 PM

So far AFAIK coinbase haven't any issue.
But personal data is required.

yes, some users here have their coinbase accounts closed without being given any legit reasons, which is really annoying!

I'm one of those, though I'm not totally blame free. I had a bank account linked to my Coinbase account, and at some point I closed that bank account but forgot to delete the data from Coinbase. Then I tried to buy a small amount ($3-4 or so) of bitcoin and accidentally chose the dead account as the payment method. Coinbase never actually tried to take funds out as far as I know--nothing bounced--but they just closed my account. Oh well. I never did any gambling and the only thing I ever did with the btc I did buy was to move it around though a few wallets I was playing with.

Good luck, OP.

Outlander

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Quote from: avatar_kiyoshi on January 06, 2016, 03:30:33 PM

So far AFAIK coinbase haven't any issue.
But personal data is required.

yes, some users here have their coinbase accounts closed without being given any legit reasons, which is really annoying!

Topic: What are your thoughts on Coinbase and others? (Read 1042 times)