Why people don't like coinbase? - page 2.

noictib

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One of the world's leading Bitcoin-powered casinos

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 .

Hazir

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I will show you why people don't like Coinbase - visit this site: http://bittrust.org/coinbase
There you will find over 100 revues of people who used Coinbase before. Most people gave this service a 1 star review.
Go read some problems people had with Coinbase and you will understand.

JANGKRIK BOSS

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Quote from: The_prodigy on November 08, 2016, 09:59:57 AM

Quote from: BingoDog on October 25, 2016, 12:37:48 PM

I don't have the feeling that people don't like coinbase. But depends on experience they have. Some of them had problems with customer support or bad experience with freezing accounts which could be very annoying.

Freezing accounts is really bad idea for those who don't read the rules and the policy of coinbase sometimes people are too lazy to read the rules and the policy of the website and then if they disaallowed rules ofcourse support will be to do something like that and you are going to complain and then knowing that there are some rules that you violated.

Most users just directly use without read the Coinbase rules and the policy. Depends as my experiences use Coinbase wallet more than 2 years and until now there is not get problem. We must wise to use all bicoin wallet and not perfect in the world.

The_prodigy

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Quote from: BingoDog on October 25, 2016, 12:37:48 PM

I don't have the feeling that people don't like coinbase. But depends on experience they have. Some of them had problems with customer support or bad experience with freezing accounts which could be very annoying.

Freezing accounts is really bad idea for those who don't read the rules and the policy of coinbase sometimes people are too lazy to read the rules and the policy of the website and then if they disaallowed rules ofcourse support will be to do something like that and you are going to complain and then knowing that there are some rules that you violated.

rancidgash

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Quote from: crairezx20 on November 06, 2016, 12:40:53 PM

Quote from: rancidgash on November 06, 2016, 12:36:13 PM

Quote from: talkbitcoin on November 04, 2016, 06:59:13 AM

i don't think anyone apart from their competition dislikes coinbase. it actually is a good service and i believe that it and also others like circle are a helpful thing to have especially for newbies who want to start using bitcoin.

the only thing that people say against coinbase and service like that is that you shouldn't use them as your primary bitcoin wallet because first it is online and second it is a third party who controls the private keys.

I agree with everything you wrote. However, I would add that gamblers may have problems with Coinbase. There have been many cases that Coinbase blocked the accounts of people using online casinos. This is mainly due to the local laws for the specific users. In many countries, gambling is illegal, and for people from these countries Coinbase blocked accounts.

An additional thing that I learned today is that Coinbase enables the exchange of BTC to PayPal! It seems that finally I found a safe option to exchange to PayPal!

I am one of the victim before in coinbase who are halving problem with coinbase when i was sending win profit in some gambling site.. my transaction there is pending and it took too long to received.. that is why i contact them my account was not block but halving pending in my account that it takes few weeks before their fix it..

The cases which I have heard related to users who have a verified account in locations where gambling is illegal .. Can I ask if in the place where you have authorized Coinbase account (I mean the address of your bank or your address) gambling is legal?
Did you need to do any additional actions to unblock your funds, or Coinbase did it automatically?

crairezx20

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Quote from: rancidgash on November 06, 2016, 12:36:13 PM

Quote from: talkbitcoin on November 04, 2016, 06:59:13 AM

i don't think anyone apart from their competition dislikes coinbase. it actually is a good service and i believe that it and also others like circle are a helpful thing to have especially for newbies who want to start using bitcoin.

the only thing that people say against coinbase and service like that is that you shouldn't use them as your primary bitcoin wallet because first it is online and second it is a third party who controls the private keys.

I agree with everything you wrote. However, I would add that gamblers may have problems with Coinbase. There have been many cases that Coinbase blocked the accounts of people using online casinos. This is mainly due to the local laws for the specific users. In many countries, gambling is illegal, and for people from these countries Coinbase blocked accounts.

An additional thing that I learned today is that Coinbase enables the exchange of BTC to PayPal! It seems that finally I found a safe option to exchange to PayPal!

I am one of the victim before in coinbase who are halving problem with coinbase when i was sending win profit in some gambling site.. my transaction there is pending and it took too long to received.. that is why i contact them my account was not block but halving pending in my account that it takes few weeks before their fix it..

rancidgash

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Quote from: talkbitcoin on November 04, 2016, 06:59:13 AM

i don't think anyone apart from their competition dislikes coinbase. it actually is a good service and i believe that it and also others like circle are a helpful thing to have especially for newbies who want to start using bitcoin.

the only thing that people say against coinbase and service like that is that you shouldn't use them as your primary bitcoin wallet because first it is online and second it is a third party who controls the private keys.

I agree with everything you wrote. However, I would add that gamblers may have problems with Coinbase. There have been many cases that Coinbase blocked the accounts of people using online casinos. This is mainly due to the local laws for the specific users. In many countries, gambling is illegal, and for people from these countries Coinbase blocked accounts.

An additional thing that I learned today is that Coinbase enables the exchange of BTC to PayPal! It seems that finally I found a safe option to exchange to PayPal!

Superzpay

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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.

john2231

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Quote from: LTU_btc on November 04, 2016, 07:04:07 PM

Quote from: superiorus on November 04, 2016, 12:35:43 AM

Quote

Coinbase is only good for US citizens who provides them every single detail and then they can buy bitcoins directly there with the credit card.

Not only dor US citizens.
I'm in Europe, I use Coinbase tu buy/sell bitcoins using my credit card and my bank account, and I dont have any problem with them.
The people wich don't like Coinbase are those who think they can be "anonymous" and they refuse to provide documents for verification (national ID, proof of address, bank statement, etc).
It is normal that if you want to buy bitcoins with 2 clicks using your credit card to prove that you own that card.

You're lucky, because I also live in Europe, but in my country it's not available to buy/sell bitcoins on Coinbase.
And I can understand why people don't like Coinbase. They want to make bitcoin into centralized currency. Coinbase is like a bank. And they can ban user for bitcoins for gambling. Mostly bitcoin users hate regulations and want privacy.

I think this is not the reason from other members like i dont like coinbase because of its online and we dont know how long it will live. and i already experience of pending few months ago it takes too much time to fix my transaction before..

LTU_btc

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Quote from: superiorus on November 04, 2016, 12:35:43 AM

Quote

Coinbase is only good for US citizens who provides them every single detail and then they can buy bitcoins directly there with the credit card.

Not only dor US citizens.
I'm in Europe, I use Coinbase tu buy/sell bitcoins using my credit card and my bank account, and I dont have any problem with them.
The people wich don't like Coinbase are those who think they can be "anonymous" and they refuse to provide documents for verification (national ID, proof of address, bank statement, etc).
It is normal that if you want to buy bitcoins with 2 clicks using your credit card to prove that you own that card.

You're lucky, because I also live in Europe, but in my country it's not available to buy/sell bitcoins on Coinbase.
And I can understand why people don't like Coinbase. They want to make bitcoin into centralized currency. Coinbase is like a bank. And they can ban user for bitcoins for gambling. Mostly bitcoin users hate regulations and want privacy.

talkbitcoin

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All I know is that I know nothing.

i don't think anyone apart from their competition dislikes coinbase. it actually is a good service and i believe that it and also others like circle are a helpful thing to have especially for newbies who want to start using bitcoin.

the only thing that people say against coinbase and service like that is that you shouldn't use them as your primary bitcoin wallet because first it is online and second it is a third party who controls the private keys.

Dassi

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I like coinbase and the fact that you don't pay fees. It would have been my main account if not for the series of hacking incidents we've been having in crypto-world.

superiorus

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Bitcoiner since start, and continue to love it!

Quote

Coinbase is only good for US citizens who provides them every single detail and then they can buy bitcoins directly there with the credit card.

Not only dor US citizens.
I'm in Europe, I use Coinbase tu buy/sell bitcoins using my credit card and my bank account, and I dont have any problem with them.
The people wich don't like Coinbase are those who think they can be "anonymous" and they refuse to provide documents for verification (national ID, proof of address, bank statement, etc).
It is normal that if you want to buy bitcoins with 2 clicks using your credit card to prove that you own that card.

Cereberus

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Quote from: StarofBTC on November 03, 2016, 12:23:19 PM

Quote from: imposter69 on November 03, 2016, 10:20:13 AM

i never like web wallet service, high risk to safe my bitcoin i just like wallet run on my devices

But coinbase has high reputation among crypto users, so the risks will be very minimal (still there but in low percentage when compared to other providers). People are discussing here why they hate/like coinbase but you are sharing like you hate all online wallets. That is really good and very conscious measurement to secure your bitcoins all the times.

Coinbase is only good for US citizens who provides them every single detail and then they can buy bitcoins directly there with the credit card. The smallest error you make there and boom account closed. This is the main reason why people hat coinbase. If I were a US citizen I would use it only to buy bitcoins with credit card and immediately after transfer to my wallet, this way I would make good use of it.

But in general web wallets especially one like Coinbase in which you don't own the private keys is the worst choice to store your coins.

StarofBTC

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Quote from: imposter69 on November 03, 2016, 10:20:13 AM

i never like web wallet service, high risk to safe my bitcoin i just like wallet run on my devices

But coinbase has high reputation among crypto users, so the risks will be very minimal (still there but in low percentage when compared to other providers). People are discussing here why they hate/like coinbase but you are sharing like you hate all online wallets. That is really good and very conscious measurement to secure your bitcoins all the times.

imposter69

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i never like web wallet service, high risk to safe my bitcoin i just like wallet run on my devices

superiorus

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Bitcoiner since start, and continue to love it!

Coinbase is one of the top (top 3 in my opinion) online wallets.
Now they released a new version with more features and better security.
I use the wallet for more than 2.5 years, also I'm using their API's (both 1 and 2 version) and all working fine.
I made some transactions (that mean over 100 btc total) and never had a problem.
The account is full verified (verified documents, credit card and bank account added.) I like that I can buy bitcoins with 2 clicks and withdraw directly to my bank account (and there is a fee of just 0.15 cents) no matter how big is the amount.
People say: we don't trust online wallets. Yeah ..if you are so paranoic, why you trust Gmail or Facebook for example?

Yuuto

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Well for a number of reasons, one they are known to freeze your account without giving any proof of what happened, especially after you use a gambling account to withdraw or deposit to. They are also known to seize coins that are associated with the dark web.

Oilacris

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I dont know why people do hate coinbase on some reasons but for me they have a good service and its very user friendly and you could actually make transactions with ease and they do have free of charge on transferring some bitcoins to another wallet but you must expect that the transfer or confirmation times would really longer though. All web wallets do have risk on lossing all your bitcoin on it because you dont posses ts private keys. Thats why we should only put up small amounts of bitcoins on our web wallets.

garmerys

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Quote from: a7mos on October 09, 2016, 02:21:42 PM

Not everyone hates coinbase. who hates it does because it is a centralized website that does not give you any control over your bitcoin at all. also they are known for suspending any suspicious accounts. while others like it because it is easy to buy and sell btc from them if they support your country and it pays the txs fees

Yes, it is simply because they are too strict in the way they do things with customers. If you want to use coinbase you really need to get ready to face very rigid terms of service and if you cannot accept it then the service is not for you.

Topic: Why people don't like coinbase? - page 2. (Read 2843 times)