Why people don't like coinbase? | Bitcointalksearch.org

chixka000

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Quote from: BitcoinExpart on October 09, 2016, 03:12:34 AM

As you see,I'm just a newcomer on bitcoin as well as user of coinbase but my question why people don't like coinbase too much. Have any reasons?
Mostly as long as I know main problem on closing accounts associated with gambling.Have any other reason?

There was a big issue about coinbase service in the US and that includes their government. When the IRS(correct me if I'm wrong) demanded that coinbase should provide the list of bitcoin users for 2013-2015(again correct me if im wrong) and As far as i know there were a lot of US citizen in the coinbase that verified their identity(that could cause them tax evation i guess) and that is not a good thing. Aside from that well users don't trust online wallet that much anyways.

hulla

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Quote from: Potato Chips on December 01, 2016, 08:24:15 AM

I only use coinbase when buying bitcoins as they are very good at it .

But I won't use their services as a bitcoin wallet because first, they don't give private keys,

second, you will not be anonymous anymore if you use them,

third, They have strict rules it feels like you're using banks again

Yes, coinbase might not give private keys but they provide/send sms short code each time a user logon his/her account which is still okay

neochiny

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"Why people don't like Coinbase?"

- because people use them to take advantage of the "free sends(no transaction fees)" while not even bothering to read Terms. Is it not common sense that when the word "free" is involved, there would usually be terms/requirements/strict rules attached? When a service is willing to pay for all your transaction fees, the least one could do is read their terms.
- they are strict
- support usually takes very long to respond

x4

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Quote from: Potato Chips on December 01, 2016, 08:24:15 AM

I only use coinbase when buying bitcoins as they are very good at it .

But I won't use their services as a bitcoin wallet because first, they don't give private keys,

second, you will not be anonymous anymore if you use them,

third, They have strict rules it feels like you're using banks again

Well that's good if you are doing this, because coinbase is not good to store your funds. Anytime your funds can be lost there and said they we're hack as an excuse or they will tell you that maybe someone knows your password that's why it happened. That is the always reasons they give to their customer if someone funds are lost.

Potato Chips

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I only use coinbase when buying bitcoins as they are very good at it .

But I won't use their services as a bitcoin wallet because first, they don't give private keys,

second, you will not be anonymous anymore if you use them,

third, They have strict rules it feels like you're using banks again

hulla

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Quote from: acroman08 on November 29, 2016, 12:16:33 AM

I got no problem with coinbase. So far. Never lost any money, never encountered any issues. Admittedly, this doesn't mean I wouldn't ever encounter one. And, since I know a lot of people have had problems with it, I took the time to read their TOS.
I think it's pretty handy because it's free to send.

That being said, I admit it's not really my main wallet as well. Grin

It never has more than .1 . It's for small amounts only. I use mycelium for storing and also currently looking into hardware wallets, specifically Ledger.

Yes buddy and I never had any issues or problem with them either. Besides, I love their service and zero transaction fee. Lol

alani123

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Coinbase blacklists addresses and may ban people for sending or receiving money from gambling websites. This goes against bitcoin's basic standards and is very anti-freedom. No wonder people have been saying that Coinbase is not suitable as a bitcoin wallet service. I've heard similar things about Circle as well.

kotwica666

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Quote from: LTU_btc on November 29, 2016, 05:41:31 PM

Quote from: kotwica666 on November 29, 2016, 07:11:59 AM

Discussion about Coinbase begin, because they as a first online exchange start make problems for those who make transactions (withdrawals/deposits) with online casinos.
In my opinion it only shows their professionalism. It was not their idea to make problems for casino users. It is all about international law.
Now all exchanges and payment processors have to implement this kind of control.

And that's not the end. This same will happen with deposits/withdrawals from PayPal.

But such thing kills freedom of bitcoin. It makes btc as centralized wallet. And Coinbase is like bitcoin bank account. Yes, such control helps to guarantee safety and provide userfs many additional features. Such services like Coinbase or Xapo is against idea of bitcoin.

It have (almost) nothing to do with Bitcoin. This law is about FIAT currency and exchanges/debit cards where you buy/sell cryptocurrencies with fiat.
From your desktop wallet you can make transactions with whoever you want.
Solution: Buy Bitcoin with fiat on Coinbase -> transfer Bitcoin to your desktop wallet -> do with BTC what you want without control. Be free Cheesy

LTU_btc

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Quote from: kotwica666 on November 29, 2016, 07:11:59 AM

Discussion about Coinbase begin, because they as a first online exchange start make problems for those who make transactions (withdrawals/deposits) with online casinos.
In my opinion it only shows their professionalism. It was not their idea to make problems for casino users. It is all about international law.
Now all exchanges and payment processors have to implement this kind of control.

And that's not the end. This same will happen with deposits/withdrawals from PayPal.

But such thing kills freedom of bitcoin. It makes btc as centralized wallet. And Coinbase is like bitcoin bank account. Yes, such control helps to guarantee safety and provide userfs many additional features. Such services like Coinbase or Xapo is against idea of bitcoin.

kotwica666

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Discussion about Coinbase begin, because they as a first online exchange start make problems for those who make transactions (withdrawals/deposits) with online casinos.
In my opinion it only shows their professionalism. It was not their idea to make problems for casino users. It is all about international law.
Now all exchanges and payment processors have to implement this kind of control.

And that's not the end. This same will happen with deposits/withdrawals from PayPal.

acroman08

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I got no problem with coinbase. So far. Never lost any money, never encountered any issues. Admittedly, this doesn't mean I wouldn't ever encounter one. And, since I know a lot of people have had problems with it, I took the time to read their TOS.
I think it's pretty handy because it's free to send.

That being said, I admit it's not really my main wallet as well. Grin

It never has more than .1 . It's for small amounts only. I use mycelium for storing and also currently looking into hardware wallets, specifically Ledger.

hulla

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To me coinbase is cool as a wallet and I have no reeason to hate it. Besides, I even have an account there but all the web wallet are not totally safe.

deadsilent

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Im using online wallet like xapo. And i have also mycellium wallet. But im not considering all online wallets are really safe. Some online wallets supends accounts thats proven they used it for gambling. Also you have no access to your private keys. Coinbase is good for buying bitcoin. But to store your btc there, not sure if its safe. Try cold storage intead of online wallets.

ardentvolcanoes

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Quote from: BitcoinExpart on October 09, 2016, 03:12:34 AM

As you see,I'm just a newcomer on bitcoin as well as user of coinbase but my question why people don't like coinbase too much. Have any reasons?
Mostly as long as I know main problem on closing accounts associated with gambling.Have any other reason?

yeah that might be the main problem why some people don't like coinbase to be their wallet because of restricting people to use their service to be associated with transactions from gambling but despite this problem coinbase is good for buying bitcoin. i have tried coinbase before but it feels like confusing to have so many wallets Grin

sunsilk

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Quote from: President79 on November 23, 2016, 09:31:34 PM

Quote from: BitcoinExpart on October 09, 2016, 03:12:34 AM

As you see,I'm just a newcomer on bitcoin as well as user of coinbase but my question why people don't like coinbase too much. Have any reasons?
Mostly as long as I know main problem on closing accounts associated with gambling.Have any other reason?

One of the factors people don't like Coinbase because it prohibits use to gamble. In addition Coinbase also requires some verification, so users feel less practical and dislike coinbase.

Just a clarification many reputable exchange sites now are doing the same thing as coinbase is implementing now.

Even here in my country, there is a local exchanger that requires us to send identification for them to get our accounts verified.

And also, they are banning accounts that are accepting bitcoins from gambling but with this, they can't even moderate it.

President79

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Quote from: BitcoinExpart on October 09, 2016, 03:12:34 AM

As you see,I'm just a newcomer on bitcoin as well as user of coinbase but my question why people don't like coinbase too much. Have any reasons?
Mostly as long as I know main problem on closing accounts associated with gambling.Have any other reason?

One of the factors people don't like Coinbase because it prohibits use to gamble. In addition Coinbase also requires some verification, so users feel less practical and dislike coinbase.

mrcash02

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Quote from: Bitcoin0916 on November 10, 2016, 06:19:14 AM

Quote from: Superzpay on November 05, 2016, 03:18:10 PM

People like coinbase but only those who do not gamble while those people who gamble do not like and use coinbase because coinbase block all of those accounts with them which they feel that they are used for gambling and before that ban everyone was happy with coinbase and everyone was suggesting that on this forum but now its name reduced much at here.

I think Coinbase is one of best online wallets, I don't know if coinbase will block if used for gambling. After know about it I must be carefully, because more than 3 months I was gambling use coinbase wallet. Thanks for your consideration

You can have your coinbase wallet with part of your money and use another wallet to send money to gambling sites. This feature of coinbase isn't good, but they have a positive point: don't take fees.

Use Blockchain of any other wallet to send coins to casinos or send the money from coinbase to an exchange address and from the exchange to the casino, I think it's simple to "lure" their fail system...

Bitcoin0916

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Quote from: Superzpay on November 05, 2016, 03:18:10 PM

People like coinbase but only those who do not gamble while those people who gamble do not like and use coinbase because coinbase block all of those accounts with them which they feel that they are used for gambling and before that ban everyone was happy with coinbase and everyone was suggesting that on this forum but now its name reduced much at here.

I think Coinbase is one of best online wallets, I don't know if coinbase will block if used for gambling. After know about it I must be carefully, because more than 3 months I was gambling use coinbase wallet. Thanks for your consideration

BitcoinNewsMagazine

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I have never had a problem with Coinbase and think they are a good service. From reports I have read they are pretty quick to close accounts that violate their terms of service, can not hold that against them, they have to keep the regulators happy. More concerning is perhaps they need more customer service staff so people who have a problem are taken care of promptly.

coynedterm

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Quote from: noictib on November 08, 2016, 09:15:39 PM

Quote from: BitcoinExpart on October 09, 2016, 03:12:34 AM

As you see,I'm just a newcomer on bitcoin as well as user of coinbase but my question why people don't like coinbase too much. Have any reasons?
Mostly as long as I know main problem on closing accounts associated with gambling.Have any other reason?

The main reason to not to use coinbase is its Android app performance . i tried three time this wallet with Android app but it is less responsive ( usually at slow net ) so i think it may be a matter of less use .

You sair True its app needs some improvement but i think the main reason to not to use this wallet is its time to time verification . It always distrub tor its security . specially in browser when we clear histry then it needs verification , which is good thing but something is annoying .

Topic: Why people don't like coinbase? (Read 2843 times)