Why people don't like coinbase? - page 3.

ivanst776

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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?

I don't think that people hate too much coinbase because coinbase is one of the easiest way to obtain a bitcoin address and be able to spend them within short period of time without fees.

There are some limits on trading there and maybe people don't like this, also coinbase does not work everywhere and not all traders can trade there because of these restrictions.

Robertqueen2

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Coinbase act like online banks in restricting some countries and freezing accounts, while Bitcoin has been created to make everyone capable of using it wherever he is, therefore Blockchain wallet has more popularity and more users, I personally prefer Blockchain wallet.

Hazir

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Quote from: Fatamorgana on October 26, 2016, 06:36:24 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.

Not perfect wallet in the world, if we like a wallet maybe some peoples don't like. As my experience using coinbase I never got the problem and my bitcoin is safe. If my balance is more 1 btc, I use vault option.

Fast question for you, do you have copy of your private keys on your local machine? Because only if you have it you can say that your coins are safe.
I just want to add that Bitfinex prior to their hack was using multi-signature wallets, vaults and probably other advanced form of security. They still failed.

marjod

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Coinbase is, in my opinion, a good solution if you start on the bitcoin world. Wallet is set up fast and you can start doing transactions simply.
However, on a long-term perspective, I think it is better to move to an other solution such as desktop or paper wallets because of security concerns.

Besides a desktop wallet, I have a Coinbase wallet with few bucks on it which I use for day-to-day spending.
It is more convenient for me because transactions are fast and you don't have to pay fees.

Fatamorgana

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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.

Not perfect wallet in the world, if we like a wallet maybe some peoples don't like. As my experience using coinbase I never got the problem and my bitcoin is safe. If my balance is more 1 btc, I use vault option.

saiha

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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.

For sure that base on the experience of other people like this one https://bitcointalk.org/index.php?topic=1651233.20 his coinbase account was hacked.

I don't know if those people are just negligent for their own accounts or does the support of coinbase has something to do with its security.

But for me, I don't have any other reason. I just don't like coinbase.

LTU_btc

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Quote from: The_prodigy on October 24, 2016, 09:24:35 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?

As i can see or by experience people don't really like using this web wallet it just because coinbase is really not good when you are seing lot's of addresses on your wallet and everytime you accept payments from clients your address will automatically change -_- and this is not good for me and there are also policy that when they coughted your account that your earnings are related into any gambling site's your probably gone.

I'm using Coinbase wallet for almost 2 years and I have only one address on this wallet. My address never changed.

mobnepal

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- they have limitation/restrictions to many countries on using their trading platform
- there are several case of frozen wallets, locked account by them so hard to trust them with heavy amount of bitcoins
- their verifcation requires so much documents even to move few bitcoins
- fee less transaction make it impossible for user to have full control over bitcoin stored in coinbase wallet because they don't provide private key of the bitcoin addresses we use in there.

BingoDog

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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.

Chris!

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Personally I don't like or use any online wallet anymore. I learned my lesson after blockchain.info stole 0.05BTC from me and I was told I probably had spyware.

Any online wallet has your private keys. Don't use them. Would you give some random start up company your email passwords? I know what you're thinking "why would I? Why would they ever need them? I can still use my email without them." It's the same for bitcoins. Yoh don't need to trust anyone wifh your coins so don't!

tabas

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Quote from: 0day on October 09, 2016, 05:59:44 PM

according to my views the reason is that they are more strict in their rules and because of these rules they often freeze the accounts of their members which are not favorable by any user of bitcoin.

Thank's for this information. Because I am planning to try out coinbase but upon reading your review from them, then that changed my mind. So I am going to stick more now with blockchain and won't try coinbase anymore. So that is disgusting if you worked hard for your bitcoins and they will just going to freeze it?

TheGodFather

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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?

Probably the address it always change when you already receive from someone? Or maybe coinbase really hate seing bitcoin address that came from into gambling site. We'll you can really see your bitcoin address there even it's changing anythime when you done receiving from unknown sender you can still remain receive whenever it changed already.

The_prodigy

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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?

As i can see or by experience people don't really like using this web wallet it just because coinbase is really not good when you are seing lot's of addresses on your wallet and everytime you accept payments from clients your address will automatically change -_- and this is not good for me and there are also policy that when they coughted your account that your earnings are related into any gambling site's your probably gone.

truimpheriues

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i don't like coinbase because not supported privatkey

CyberCombat

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i used coinbase thats good for me I have used coinbase to buy and sell bitcoins without problem

Superways

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A few months ago I heard that coinbase has very strict rules and they freeze accounts that is why people do not like but according to my observation people do not like coinbase because they do not like gambling deposits from their wallet and when they observe a transaction to any gambling site from their wallet then they freeze their account.

outatime1

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I have used coinbase to buy and sell bitcoins via my bank account and have had no problems. However, I wish there was an easier way other than providing so much personal information.

Mkmanik

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I like coinbase and i used coinbase wallet from the begening of my crypto business. for send fund coinbase are totally free. its secure and safe to me. when i log in my account i have to passed 2 verificastion,one is email verification and another is mobile number verificastion.with out verificastion any one never log in my account. using coinbase have one problem also that i know is, you can not send fund directly on gambling site. i am happy using coinbase

x4

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Quote from: pooya87 on October 09, 2016, 03:16:33 AM

i always say, i think it is a good service but only for purchasing bitcoin because it is easy and newbie friendly and helps those who are not so familiar with bitcoin get started with it easily.

but the problem is that you should not use it as a wallet. simply because of two reasons: it is online on a third party website and also you don't have access to your private keys.

And except as an online third party app you don't have access the private of your wallet address because every time you request a wallet it gives you with different wallet address and as an web wallet there are possibilities that it will be down or DDOS attack and once it it down you can't transfer your coins to others if you want but you have to wait if they back online and if they give you back your coin. And there are issues that coinbase have before like someone posted it here that he/she bought some bitcoins using his/her bank account there but coinbase doesn't reply him/her and I don't know if that issue was solved.

BitcoinExpart

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Quote from: ged00u on October 10, 2016, 05:37:16 AM

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?

I do not know why people do not like coinbase. It has many advantages function including non-fee transactions. Newbie bitcoin users will find it easy to use and understand. The design is great too

Well.This is the reason for me still using coinbase but I feel some rules of this wallet should be change in order to more attracting.

Topic: Why people don't like coinbase? - page 3. (Read 2843 times)