Will Coinbase be Americas Major Exchange?

freedomno1

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Learning the troll avoidance button :)

Quote from: thegolden24 on December 12, 2013, 05:41:47 PM

With their new funding of 31 million, will Coinbase become the United States Major exchange? Will this start a frenzy among Americans to join the bitcoin craze? How will it effect the speculated value of bitcoin? Will other exchanges emerge and compete? Will more day traders emerge and push up the trading volume? Can this benefit the legitimization of bitcoin? All these questions are swimming through my mind Roll Eyes

It may remain as one of the largest exchanges in the future
That said it will also have to take the brunt of all the problems to establish itself
While newer entrants will need to acquire market share from the leader without those costs

Lexi Price

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Live Free Or Die

Thanks to you guys for the USAA info.

For you guys who aren't pro coinbase do you think you'll be using Gemini when it launches? I mentioned elsewhere but will here, I'm not a trader and don't really understand all these charts or what the traders do to the value or price if anything but I have a question about the exchanges if anyone can answer. Is there a minimum amount to use to trade or a high amount, or can you trade with 1 or 2 bitcoins? Thanks.

mayax

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Quote from: moriartybitcoin on January 28, 2015, 07:55:14 PM

coinbase is a joke of an exchange .. plugged into the IRS and FINCEN, reporting all your transactions to the government so they can fuck you up the ass on a tax audit

good luck with that!

Is it not funny that many BTC users were SO happy when Coinbase announced that they took licenses? BTC is about DE-centralization, no regulations and so on, right?.

hongw

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Quote from: moriartybitcoin on January 28, 2015, 07:55:14 PM

coinbase is a joke of an exchange .. plugged into the IRS and FINCEN, reporting all your transactions to the government so they can fuck you up the ass on a tax audit

good luck with that!

The same can be said with any other reputable exchange. If they do not provide certain information to the government then they will likely have their assets seized which means any money you have on deposit with them will not be available to you

moriartybitcoin

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★777Coin.com★ Fun BTC Casino!

coinbase is a joke of an exchange .. plugged into the IRS and FINCEN, reporting all your transactions to the government so they can fuck you up the ass on a tax audit

good luck with that!

hongw

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Quote from: picolo on January 27, 2015, 07:57:55 AM

Coinbase allows you to buy some btc every month automatically. You send an automatic bank wire every month to coinbase and you don't have to deal with it anymore.

This is very similar to how sharebuilder works. Sharebuilder is targeted towards smaller investors and they let them buy fixed dollar amounts of stocks on a preset schedule every tuesday. Over time they have added additional features and have appeared to have grown their market share

PodBayDoors

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Coinbase monitors who you send your BTC to, and if they don't like them, they block you permanently from using their system.

So they're not tainting coins, they're tainting customers. Nice.

(etiquette: no requirement to use /sarc off when it's completely obvious)

TrailingComet

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Yes, absolutely. But think they will face fierce competition from Circle and ETF's.

maurya78

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CB could become N America's number 1 exchange, without any doubt
$75mn to help them get there, let's not forget

botany

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Quote from: picolo on January 27, 2015, 07:57:55 AM

Coinbase allows you to buy some btc every month automatically. You send an automatic bank wire every month to coinbase and you don't have to deal with it anymore.

SIP in bitcoin.
Some people really treat it like an investment. Grin

inBitweTrust

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Quote from: picolo on January 27, 2015, 07:57:55 AM

Coinbase allows you to buy some btc every month automatically. You send an automatic bank wire every month to coinbase and you don't have to deal with it anymore.

Setting some limit orders will allow users to buy on the dips rather than merely at a predefined schedule which will help stabilize the volatility with volume.

I used to use coinbases api to do this but the app was buggy and sometimes not place the order.

picolo

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Coinbase allows you to buy some btc every month automatically. You send an automatic bank wire every month to coinbase and you don't have to deal with it anymore.

jabo38

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mining is so 2012-2013

Quote from: nikona on January 27, 2015, 07:25:00 AM

Quote from: inBitweTrust on January 26, 2015, 07:14:32 PM

Quote from: ajaxmoor on January 26, 2015, 07:11:28 PM

It certainly will be the biggest.

Is the current biggest exchange bitstamp or some other exchange ?

Depends upon trading pair and currency-

1    Bitfinex   BTC/USD    $ 57,277,500   $ 278.30    53.34 %    Recently
2    Bitstamp   BTC/USD    $ 15,295,900   $ 274.88    14.24 %    Recently
3    BTC-E   BTC/USD    $ 13,516,200   $ 264.81    12.59 %    Recently
4    OkCoin Intl.   BTC/USD    $ 8,998,640   $ 274.55    8.38 %    Recently
5    Kraken   BTC/EUR    $ 2,730,310   $ 275.36    2.54 %    Recently
6    LakeBTC   BTC/USD    $ 2,685,880   $ 270.90    2.50 %    Recentl

Coinbase, technically just introduced an exchange so isn't even in the top 10.

Yeah it will take time..but im sure that the will grow into the top 10.

It's not legal in my state, but as soon as it is, I'll move all my coins there.

nikona

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Quote from: inBitweTrust on January 26, 2015, 07:14:32 PM

Quote from: ajaxmoor on January 26, 2015, 07:11:28 PM

It certainly will be the biggest.

Is the current biggest exchange bitstamp or some other exchange ?

Depends upon trading pair and currency-

1    Bitfinex   BTC/USD    $ 57,277,500   $ 278.30    53.34 %    Recently
2    Bitstamp   BTC/USD    $ 15,295,900   $ 274.88    14.24 %    Recently
3    BTC-E   BTC/USD    $ 13,516,200   $ 264.81    12.59 %    Recently
4    OkCoin Intl.   BTC/USD    $ 8,998,640   $ 274.55    8.38 %    Recently
5    Kraken   BTC/EUR    $ 2,730,310   $ 275.36    2.54 %    Recently
6    LakeBTC   BTC/USD    $ 2,685,880   $ 270.90    2.50 %    Recentl

Coinbase, technically just introduced an exchange so isn't even in the top 10.

Yeah it will take time..but im sure that the will grow into the top 10.

jabo38

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mining is so 2012-2013

Quote from: Lexi Price on January 26, 2015, 08:59:04 PM

Re the list of states, what if anything does it say for those of us banking with branchless entities like USAA?

I'm a USAA member and a Coinbase user. Right now I doubt we will see any integration, but when the time comes (maybe in a year or so) then USAA will be one of the first banks to get integration.

seen369

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This is a bit of a double edged sword. Bitcoin could certainly use more notoriety, but needs to be careful about over regulation.

wunkbone

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Quote from: Lexi Price on January 26, 2015, 08:59:04 PM

Re the list of states, what if anything does it say for those of us banking with branchless entities like USAA?

It is based on where you live. So if you have an address in one of the states referenced then you can use their exchange services. If you do not then you cannot use their exchange

Lexi Price

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Live Free Or Die

Re the list of states, what if anything does it say for those of us banking with branchless entities like USAA?

wunkbone

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Quote from: inBitweTrust on January 26, 2015, 09:38:14 AM

USD is FDIC insured , BTC is privately insured:
https://support.coinbase.com/customer/portal/articles/1780543
supported states:

Alabama (AL)
Arkansas (AR)
California (CA)
Delaware (DE)
Georgia (GA)
Idaho (ID)
Illinois (IL)
Indiana (IN)

Iowa (IA)
Kansas (KS)
Massachusetts (MA)
Mississippi (MS)
Missouri (MO)
Montana (MT)
New Hampshire (NH)
New Jersey (NJ)

New Mexico (NM)
New York (NY)
North Dakota (ND)
Puerto Rico (PR)
South Carolina (SC)
Washington (WA)
West Virginia (WV)
Wisconsin (WI)

FAQ-
https://static.olark.com/jsclient-bucket3/follow.html

Your funds are not FDIC insured, coinbase's fiat funds are FDIC insured. There is a big difference. If the bank they hold their deposits at fails then coinbase will recover the FDIC insurance limit (at least), however if coinbase fails then the FDIC will not step in to protect people who are holding fiat at coinbase

Gumbork

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coinbase is defendly on the eye of portafolio investors, just today i had a few ppl talk to me about coinbase and bitcoin, how coinbase brings a legit exchange trading to bitcoin, since most of the none btc user fear btc trading b/c of none regulated issues.

coinbase is on a great road for more adoption and trading of btc.

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