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Topic: With Coinbase (apparently) going down, where do you go to sell your BTC? (Read 1464 times)

legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
There a lot of local traders who are currently doing trades with localbitcoin, you have to also know them so when they are in need of bitcoin you can directly trade with them with care otherwise you definitely know each other where trust is just a high five.  Why transact to an unsecured trader when you can trade it at home.
Localbitcoins has margins even worse than Coinbase. I wouldn't consider it an alternative unless your only option is cash and you don't have a bank account.
member
Activity: 84
Merit: 10
www.lunarbets.eu Bitcoin*Sports*Betting
There a lot of local traders who are currently doing trades with localbitcoin, you have to also know them so when they are in need of bitcoin you can directly trade with them with care otherwise you definitely know each other where trust is just a high five.  Why transact to an unsecured trader when you can trade it at home.
legendary
Activity: 3248
Merit: 1070
sell and bitcoin? are not words, that are together in my book, i simply use bitcoin directly, much more satisfying

if yu refer only about trading, then you have plenty of other option, as a good excahnge, i like kraken for example
full member
Activity: 213
Merit: 250
Where I live in Phoenix we have a few two way bitcoin ATMs. Apparently they were installed in 2014 I found them early this year by Google. I highly recommend everyone Google "(thier city) bitcoin atm". Grin
I never sell my coin in coinbase, i usually sell my coin to local exchanger, its easier and more convenient to cash out
hero member
Activity: 1274
Merit: 516
I never sell my coin in coinbase, i usually sell my coin to local exchanger, its easier and more convenient to cash out
sr. member
Activity: 364
Merit: 254
CryptoTalk.Org - Get Paid for every Post!
I doubt that coinbase will go away any time soon. At least I hope not because I have a little bitcoin with them. They have had such a good reputation for a long time and have seemed so stable.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
This is silly, there's no sign to indicate that Coinbase isn't doing well.

Sorry if this came off as a coinbase bash or any speculation about their demise, all I meant was that I've used coinbase to cash out coins for the last few months and recent complaints have inspired me to take all my BTC out of third party wallets. Now with the price shooting up I'm curious how the community sells their BTC.
Ah, I get what you're saying now. I know that several other people had the same issue, compliance of Coinbase has made buying and selling in their platform has become harder and harder. I did discuss a couple of alternatives in this thread, lmk if you need more suggestions.
member
Activity: 61
Merit: 10
This is silly, there's no sign to indicate that Coinbase isn't doing well.

Sorry if this came off as a coinbase bash or any speculation about their demise, all I meant was that I've used coinbase to cash out coins for the last few months and recent complaints have inspired me to take all my BTC out of third party wallets. Now with the price shooting up I'm curious how the community sells their BTC.
full member
Activity: 328
Merit: 100
I have been with coinbase from the beginning and have never had a problem. I run coin in and out 3 or 4 times per week. The internet sucks for BS rumors like this one. Donate here and track it on coinbase. 14ZhK84nyaVt4MmiEjKiJrk5d5m9MRbnrr
hero member
Activity: 574
Merit: 500
I seriously have doubts for the legitimacy of the claims that people make on reddit.... Like I use bitcoin on coinbase and it still works fine for me. I don't know where they even base their claims from.

But let's assume they are true claims. I will use Localbitcoins instead of coinbase. I mean coinbase is pretty convenient, but localbitcoins is too Cheesy
legendary
Activity: 3472
Merit: 10611
i doubt that coinbase will go down this easily. they are just expanding their services. but as an alternative you can always use circle.com or any other exchanger that deals with bitcoin-fiat that can vary depending on your country of residence. i prefer kraken, btc-e and c-cex for its option.
legendary
Activity: 1862
Merit: 1004
As much as I don't support Coinbase because of their random policies of banning peoples accounts etc.
But where I can find confirmed rumors - apart that Reddit thread posted in the op that Coinbase is having problems?

I searched for some additional articles or news bu all I could find are normal complains of the Coinbase customers.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
This is silly, there's no sign to indicate that Coinbase isn't doing well. I don't like coinbase, but suggestions that they might be insolvent are absurd. I like how this is heading though, if people keep saying that Coinbase isn't doing well, they might implement proof of reserves systems. If they did, it'd soon become an industry standard.

All the rumours of Coinbase being in trouble started the day before Ether trading was enabled - so it's likely a concerted attempt to damage them by their competitors.

As for where to buy BTC if you don't want to use Coinbase - BitStamp now has the New York bitlicence, so Americans can use them instead. Prepare for some pretty draconian KYC though. In Europe you can use Kraken.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
I usually sell through Poloniex as they support withdrawal via Tether USD
If you're talking about selling bitcoin, you should know that you can sell for tehter directly through tether.to
 It is really useful, although it is a bit slow sometimes.

Thanks for the info. Do you use uphold.com? I wonder if it works just like Tether...
It does work similarly to Tether and has more currencies but I don't like prices, usually they're below market rates and update slowly. Most of the time BTC/USD in Uphold is even 2%-3% bellow bitfinex (which IINM is quoted in real time by Tether). At least Uphold has near-instant in-account transfers whereas in Tether.to those take ~30 minutes. Uphold does require verification (which is pretty fast btw) to remove fees through.

Doesn't hurt to try it.
hero member
Activity: 762
Merit: 500
I usually sell through Poloniex as they support withdrawal via Tether USD
If you're talking about selling bitcoin, you should know that you can sell for tehter directly through tether.to
 It is really useful, although it is a bit slow sometimes.

Thanks for the info. Do you use uphold.com? I wonder if it works just like Tether...
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
I usually sell through Poloniex as they support withdrawal via Tether USD
If you're talking about selling bitcoin, you should know that you can sell for tehter directly through tether.to
 It is really useful, although it is a bit slow sometimes.
hero member
Activity: 3192
Merit: 939
Lots of talk of how Coinbase is not doing well, or at least not as well as they claim.
https://www.reddit.com/r/Bitcoin/comments/4md665/coinbase_may_have_lied_about_the_number_of/
A few bad reviews and public complaints.

Either way, I'm curious where you all go to sell your BTC. It looks like we're on the cusp of another boom so where do you go when it's time to cash out?

Localbitcoins.com off course...or this forum  Grin

There are still no proofs that coinbase is going down.Only gossips...

I`m not coinbase fan,but this will affect btc...
hero member
Activity: 762
Merit: 500
I usually sell through Poloniex as they support withdrawal via Tether USD
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
This is silly, there's no sign to indicate that Coinbase isn't doing well. I don't like coinbase, but suggestions that they might be insolvent are absurd. I like how this is heading though, if people keep saying that Coinbase isn't doing well, they might implement proof of reserves systems. If they did, it'd soon become an industry standard.
sr. member
Activity: 280
Merit: 250
Coinbase was one of the most heavily startup so I don't think that it will eventually fold anytime soon. Those investors will not easily give it up. Aside from that, they embraced eth for some kind of rebranding and expanding their user base. They also released widget for bitcoin users to buy easily using debit card.

As for your question on where do I go to sell my btc, I always use local exchanges.
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