Why do so many people hate Coinbase? - page 4.

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Quote from: MFahad on January 25, 2017, 08:44:27 AM

Quote from: GoodLuck2 on January 25, 2017, 08:04:06 AM

i dont know about peoples but i could not said anything about it because i have never use it but i think i prefer many online site which are way better......!!!!

For your information, Coinbase is online site and wallet. Coinbase is easy to use and very user friendly and best for daily transactions. But you should not place all your coins in Coinbase. As it is online wallet, they dont give you private keep. Only best for using it to make transaction as they do not deduct transactions fee.

That's right. The number one mistake people make is putting all their fruits in one basket. In this case, They stored bitcoin in web wallets and end up hating the site when their accounts are either hacked, bitcoin deducted or in some cases, Users account are closed and removed with prior notice along with funds. I use Coinbase too and never had issue with it. I stored Majority of my bitcoin funds in a wallet that I own the private keys. Security is everyone's business. add

dhampir-D

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Quote from: Pattart on January 25, 2017, 01:28:52 AM

Quote from: morantis on January 25, 2017, 12:07:52 AM

no one hates coinbase, some may not use it, but they do not hate it, this is one of those OP's that is just trying for attention and something to talk about, another attempt to get a useless conversation going about something that does not exist

true I think no one people hate Coinbase, each people has its own criteria for wallet they like. so when they do not use Coinbase, it does not mean they hate Coinbase

It looks like coinbase is among the most used exchanges, so I think in fact many users benefit from it. However, I think the OP is trying to understand why there are so many complaints here in the forum, there is a number of topics where users complain about the service. Some of these reports may be considered to be false, of course, unless there is consistent evidence. I think Coinbase support should check these complaints to find out what's actually going on.

manselr

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Most people involved in the bitcoin economy are libertarians so they hate any regulations and coinbase is always crewing people around with regulations, but I think those people on coinbase are delusional. What do you expect if you want to have a bridge between the traditional system and the bitcoin system? they are going to be forced to comply with all regulations if they want to stay in business.

webtricks

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I am using Coinbase from last 14 months for sending/receiving bitcoin and never faced a single problem!
I really enjoy free of fees quick transactions offered by them! The maximum wait I ever had there was 4 hours.
To date, none of my btc suddenly disappeared or anything else happened as reported by many.
I recommend Coinbase to those who have to carry several transactions daily of lower values.
However, I never tried buying/selling there.

Pettuh4

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I haven't actually had any problem with them since I started using but I know that there's not a single human institution that'll be 100% perfect so they are liable to make mistakes and sometimes I think we should tolerate some except maybe their fees are on the high side; I haven't noticed that but it could be because my transactions haven't involved much BTC's.

mobnepal

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Quote from: squatz1 on January 24, 2017, 10:53:36 AM

I've never had a problem with them from buying with them through the years and don't really see the source of all the hate for the company. Could anyone go ahead and provide some insight into why people hate it?

Thanks.

If You don't have problem yet may be because you haven't bought or held quite big amount of bitcoin there. If you will than they will just froze your account in the name of investigation and will ask you lots of personal documents.

They work just like paypal and bitcoin wallet is just their name, they never give you private key of your coinbase's bitcoin addresses so you will have no any control over your bitcoins.

Immakillya

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I dont like coinbase because one of my friend stole his funds in his coinbase wallet. Its also have history of sending funds and the receiver didn't receive the funds. They said it was already sent to the receiver but its not. Maybe coinbase is good only for small amount. I dont want to risk my bitcoin to that wallet. All i see here are negative impressions.

conected

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- I'm not sure but I think the transaction is slow or delayed
- The transfer of money and withdrawals usually takes place very long
- Use money or receive money from gambling, account is blocked

MFahad

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Quote from: GoodLuck2 on January 25, 2017, 08:04:06 AM

i dont know about peoples but i could not said anything about it because i have never use it but i think i prefer many online site which are way better......!!!!

For your information, Coinbase is online site and wallet. Coinbase is easy to use and very user friendly and best for daily transactions. But you should not place all your coins in Coinbase. As it is online wallet, they dont give you private keep. Only best for using it to make transaction as they do not deduct transactions fee.

vapourminer

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what is this "brake pedal" you speak of?

i only use coinbase to buy and sell btc, and transfer to/from my core wallet right away. i dont use them as a web wallet.

they are slow to xfer dollars to my bank account when selling and when sending btc to them they can be slow to confirm.

other than that no real concerns here.

alyssa85

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It is because a year ago, Coinbase sided with Gavin Andreeson on the big blocks issue, and when it couldn't get resolved, they started to add alts to their services.

The core people were particularly incensed that Coinbase added alts because if alts have access to all the infrastructure built around bitcoin such as merchant apps and so on, it makes it easier for an alt to take bitcoin's place.

People talk about network effects, but if you plug in alts into bitcoin's network, then you don't need bitcoin anymore. Coinbase is a big part of the infrastructure as it links crypto wallets to bank accounts in the US, has merchant apps and other infrastructure stuff.

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Quote from: GoodLuck2 on January 25, 2017, 08:04:06 AM

i dont know about peoples but i could not said anything about it because i have never use it but i think i prefer many online site which are way better......!!!!

I'm using Coinbase wallet and app and I'm very happy with the experience. Coinbase is what average person needs but people hate it because it is a centralized company, like banks. So, libertarian dreamers hate Coinbase because of ideological reasons.

GoodLuck2

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i dont know about peoples but i could not said anything about it because i have never use it but i think many online site which are way better but i hope i will use it in the future because there is maximum in the fever of Coinbase ......!!!!

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Quote from: xxjumperxx on January 25, 2017, 06:41:22 AM

For me as a beginner I can say that I have heard pretty good experiences with coinbase.
When I transfer funds to them (euro from a german bank account) the funds arrive in less than a day...

The fees might be a bit higher, but I will glady pay a small fee for a easy buying experience.

I heard from users that coinbase wallet does not allow gambling for which its been getting hated. Gambling is one among the highly depended source by bitcoin users. When its not supported sure the reputation of the wallet service provider gets declined.

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For me as a beginner I can say that I have heard pretty good experiences with coinbase.
When I transfer funds to them (euro from a german bank account) the funds arrive in less than a day...

The fees might be a bit higher, but I will glady pay a small fee for a easy buying experience.

jovs

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In my country, Coinbase does not support buy & sell.We use coinbase only for a wallet.Here people don't hate coinbase, they love coinbase a lot.Because coinbase has no transactions fees.So why most people like using coinbase wallet.I also like coinbase wallet.
But we face a great problem with this wallet.This wallet can't use for gambling.It's only the reason, people hate this features.

In my opinion, I don't usually use coinbase because it doesn't use bitcoin address. It's same as paypal, payeer, neteller, and etc. they used email for transaction. Some of people doesn't want to show their email address, and that's the issue why some people don't uses coinbase. Unlike in blockchain, or other bitcoin wallet, it only requires bitcoin address which keeps the anonymity of its user's wallet account

Xester

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Quote from: squatz1 on January 24, 2017, 10:53:36 AM

I've never had a problem with them from buying with them through the years and don't really see the source of all the hate for the company. Could anyone go ahead and provide some insight into why people hate it?

Thanks.

The problem with coinbase is that there are many unsatisfied customers. Due to their strict implementation of their rules and with their poor customer support. Aside from higher fees in the transactions made , coinbase has the tendency to close your account without warning or notification. When your account is blocked your bitcoin cannot be retrieved and with poor customer support you wont even have a chance to explain and get it back.

jeraldskie11

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There so many people hated coinbase.because there is error on buying bitcoin with it. There are claiming that they bought already bitcoin in coinbase and then there is no bitcoin appear or not exact bitcoin. There are claiming that coinbase is stealing money priority if you store a big money on that wallet.

Rockie1234

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In my case, Coinbase does not seem to care about people's privacy. First of all you have to give them Id in some long winded process to sell and buy bitcoins. The prices for selling and buying are terrible. I haven't had an experience with their customer service, but the moment they warned me saying that I shouldn't be using my balance to gamble, I immediately left that site. They don't have a right to tell us what we can and can't do it.

boybugs18

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for me its all because of some US fed interfering the bitcoin world and they want every transaction being centralized to them so they will know who to tax. I saw some news about that and it feels like we need to go out on that site to avoid some surveillance and revealing our transaction to them.

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