Author

Topic: What do you think of coinbase.com? (Read 1083 times)

sr. member
Activity: 444
Merit: 250
I prefer evolution to revolution.
December 17, 2014, 04:49:46 PM
#16
Coinbase reserves the right to cancel your buy before it completes.  Most large transactions require a waiting period of a few days, but once you're verified and have an old enough account, you can get smaller amounts of bitcoin instantly.  I just made a buy that is over the instant-buy limit, so I asked them some questions.  Their answer was mostly a "please don't ask us that" kind of answer, but my questions were designed to handle that answer.  Here is our exchange through the support site and emails:

Quote from: My support request
Is a pending transaction susceptible to cancellation until it is completed?
Do the chances of a transaction completing go up as the few days during which it is pending go by? Is most of the risk analysis done early during the pending period, or is it done at an essentially random time before the due date?

Quote from: David T at Coinbase Support
Unfortunately we're unable to share our security processes at this time. All transactions are processed to ensure the safety and security of all users.

What this tells me is that the answers are:
  • YES, pending means susceptible to cancellation.
  • NO, the chances are the same until it is completed.
  • It is done at an essentially random time before the due date.

I have alerted Coinbase support of this thread in case my representation isn't accurate so that they can clarify here.
legendary
Activity: 2982
Merit: 1069
December 13, 2014, 11:17:57 AM
#15
Highly recommended. For me bitcoin was introduced by coinbase.
legendary
Activity: 924
Merit: 1000
December 13, 2014, 11:07:53 AM
#14
CoinBase is good trading platform, but there is not ANY trusted or reliable website on the internet. Are you remember Mt. Gox or MintPal?  Wink

There are some huge differences Coinbase is US based and deals with fiat not like Gox which was more of an exchange. Coinbase has liability and it will be held accountable since they are a US registered business. Also the idea of Coinbase going under is very very unlikely unless bitcoin collapses completely. Remember coinbase and bitpay have huge accounts like tigerdirect, dell, overstock, and now microsoft.
newbie
Activity: 14
Merit: 0
December 13, 2014, 10:52:04 AM
#13
maybe blockchain is betther than it  Roll Eyes and more secure

Is blockchain selling bitcoin now? I think OP was asking if it is safe to purchase bitcoin from coinbase not asking about wallets.

Hi Everyone,
I am a new enthusiast of bitcoins. I would just like your review on https://www.coinbase.com/. How long does it take? is it reliable? Should I purchase it from here and how much identifications do I need?
-Fhosho
Thank you everyone for sharing. Smiley Hahaha I was asking about the coinbase to exchange. I am using green adresss as a wallet or blockchain info and also trying to learn about securing my keys.
sr. member
Activity: 302
Merit: 250
Imagine a world without hate and oppression
December 13, 2014, 04:26:46 AM
#12
CoinBase is good trading platform, but there is not ANY trusted or reliable website on the internet. Are you remember Mt. Gox or MintPal?  Wink
member
Activity: 77
Merit: 10
December 13, 2014, 02:48:54 AM
#11
it's one of the best bitcoin exchanges for US based customers as you can easily and conveniently buy/sell bitcoins for bank/creditcard with it. as far as I know they do need some identification.
mkc
hero member
Activity: 517
Merit: 501
December 13, 2014, 02:40:06 AM
#10
They are pretty good now, solid A. In the early days, they were in surviving mode, no good then.
hero member
Activity: 672
Merit: 502
December 13, 2014, 02:16:11 AM
#9
maybe blockchain is betther than it  Roll Eyes and more secure

Is blockchain selling bitcoin now? I think OP was asking if it is safe to purchase bitcoin from coinbase not asking about wallets.

Hi Everyone,
I am a new enthusiast of bitcoins. I would just like your review on https://www.coinbase.com/. How long does it take? is it reliable? Should I purchase it from here and how much identifications do I need?
-Fhosho
legendary
Activity: 1722
Merit: 1014
December 12, 2014, 10:37:56 PM
#8
No doubt. It is my first and last choice for 100% Security of my btc funds. I always prefer to deposit some btc in coinbase vaults.
sr. member
Activity: 266
Merit: 250
December 12, 2014, 09:15:00 PM
#7
maybe blockchain is betther than it  Roll Eyes and more secure
legendary
Activity: 1736
Merit: 1029
December 12, 2014, 08:01:17 PM
#6
I dislike coinbase, they were assholes and had many problems a while back, idk if they still do things like stall sending bitcoims to their buyers until the price of bitcoin went up.  I like to use this forum as an online exchange. Smiley
newbie
Activity: 40
Merit: 0
December 12, 2014, 05:37:59 PM
#5
My account is insured against loss ,I never had a problem,but just in case it will cover most if not all loses.

I highly recommend them.
legendary
Activity: 924
Merit: 1000
December 12, 2014, 05:30:22 PM
#4
Coinbase is excellent I have been with them for a year and a half now. Support helped with the very few issues I did have but otherwise I can buy and sell bitcoin almost instantly and have many times. The online wallet is also secure and works great to store my bitcoin.
legendary
Activity: 1512
Merit: 1057
SpacePirate.io
December 12, 2014, 05:24:12 PM
#3
Coinbase is excellent... support and features are fantastic, highly recommended.

full member
Activity: 133
Merit: 100
December 12, 2014, 04:43:27 PM
#2
Coinbase is the  most trusted exchange.  I would give them an A+




Hi Everyone,
I am a new enthusiast of bitcoins. I would just like your review on https://www.coinbase.com/. How long does it take? is it reliable? Should I purchase it from here and how much identifications do I need?
-Fhosho
newbie
Activity: 14
Merit: 0
December 12, 2014, 03:29:21 PM
#1
Hi Everyone,
I am a new enthusiast of bitcoins. I would just like your review on https://www.coinbase.com/. How long does it take? is it reliable? Should I purchase it from here and how much identifications do I need?
-Fhosho
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