Why people don't like coinbase? - page 5.

buxlover

full member

Activity: 224

Merit: 100

If you are going to store only few bitcoins then coinbase is good, since no fees for sending your bitcoins above 0.0001, that limit is cool for normal bitcoiners.

As far as safety no web wallets are completely safe, but till now i haven't encountered any issues with the coinbase. And remember coinbase monitors your activity and if you use bitcoins to gamble or trade your account might get banned

Quote from: Lutheriusourexi on October 09, 2016, 03:25:43 AM

i like coinbase because without fee every send

but much people hate coinbase maybe can't use private key

Nope you can have access to your private key by having an account in multisig vault here is the link https://www.coinbase.com/multisig

BitcoinExpart

sr. member

Activity: 476

Merit: 250

Quote from: lenoli on October 09, 2016, 03:19:01 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?

ya, thats one of the main reason but there is another one: all online wallets arenot very safe . we dont recommend you to put a big amount of money on online wallets. all online wallets are unsafe

Well.Thank for your quick reply.At present I've not associated with other wallet right now.So which wallet do you offer for me to holding some bitcoin or other purpose obviously for safety.

Lutheriusourexi

newbie

Activity: 56

Merit: 0

i like coinbase because without fee every send

but much people hate coinbase maybe can't use private key

target

legendary

Activity: 2282

Merit: 1041

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 hate it because it reveals real names of the user just when you send btc.
I do see its for users going to be involve in money laundering but if you are not going to buy btc with your creditcard or paypal, its not that necessary to use coinbase.

lenoli

hero member

Activity: 756

Merit: 501

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?

ya, thats one of the main reason but there is another one: all online wallets arenot very safe . we dont recommend you to put a big amount of money on online wallets. all online wallets are unsafe

pooya87

legendary

Activity: 3472

Merit: 10611

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.

BitcoinExpart

sr. member

Activity: 476

Merit: 250

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?

Topic: Why people don't like coinbase? - page 5. (Read 2843 times)