Bitcoin Forum

If Coinbase is in trouble, what about Shift?  Will they die too?  Does Shift have relationships with other exchanges or are they 'all in' with Coinbase?  I am going out tonight to have a nice steak dinner on my Shift card that might not work tomorrow.

As far as I know, there is no tangible proof that Coinbase is going to scam yet. It could, but any exchange can go scam. At least they are a company that has a good history and hopefully that will continue into the future.

Also, Shift is only a partner of Coinbase's. Just like it's a partner with Visa as well. Being a partner doesn't mean that you put all your bitcoins into their system. Even if they did there must be some sort of insurance. So I'd say not worry about it.

does it work now are those funds coming from coinbase acc

What is up with Coinbase I must have missed something? I know they are rebranding to GDAX and will be adding ETH and LTC but I haven't heard anything else.

As Cyaren said any exchange has the potential to scam but Coinbase is so involved with merchants and is a real presence here, it would really surprise me if they did end up scamming.

Although stranger things have happened.

Apparently they spent all their money and have none left.  Too much hype in the early days and no profits miles down the road.  adios coinbase.

yeah, i don't see any reason for that either, re-branding and adding other high volume altcoins to their service doesn't mean trouble at all it is just they everybody wants in on the trading fee they can earn through these altcoins.

Source? Google gives me nothing

little bit worry about my coinbase account yesterday,i can't move any coins to pay something,and seems they have trouble with bitcoin transactions,or maybe they have maintance time?but now its already work again,i wish coinbase still my favorite and never get any trouble,again.

Is there any source for this?

Yeah, its the same source as they had for emp-ty Gox.  By the time it makes it to the big headlines, it is too late.  People 'were talking' about Gox for weeks before the thick people believed it to be true.  Mark Karpeles assured everyone that things were fine and that there was a long road ahead. lol.

apart from it being some kind of shadow ponzi company :D

as i predicted, coinbase is not going to lose his trust which they build it easily just like throwing a trash,but saving your funds in an exchanger is not a good thing i do say,few exchangers which are popular have turned into scam

As much as these threads are trolls, we should again remind everyone that it's -not- a good idea to store funds on any exchange or online wallet. Seriously, if you have more than 100$ in bitcoin you need a hardware wallet or paper wallet.

Who is coinbases S&P A+ rated insurer

http://www.coindesk.com/coinbase-names-aon-bitcoin-insurance-broker/

I had not heard that Coinbase was having problems. I have a little bitcoin on their site, should I be concerned? I also haven't heard about adding etherium and litecoin.  I had heard speculation a couple of years ago about litecoin when it was doing very well, but not lately.  Why would they add litecoin now?

Baa2 ----> Moody's

BBB+  -----> Fitch

Can't find S&P

plus Aon has some diff company listing types under that name

this is enough to warrant a clarification from the CEO

has Aon had a ratings downgrade lol

reinsurance can't lift your rating on an insurance contract surely, it

Will take me time to verify this

*****Aon uses underwriters with high credit ratings, Coinbase explained, such as an Standard & Poor's rating of 'A+' or AM Best rating of 'A XV' or higher.******

in my opinion it's lies but that's just my view based on limited information combined with previous experience

we need to see proof of the Anon contract and who the underwriters are

even rumours can bankrupt a company wat we have is information "slightly"

better than rumours that is starting to show possible inconsistencies

in information we have been provided with from coinbase, now

some big companies have backed coinbase and Aon is the biggest insurance

company I certainly wouldn't panic though reports of late withdrawals

combined with previous twisted information from falling exchanges is

enough to warrant halting deposit's to coinbase atleast

Yeah i just heard that coinbase is going ti add new coin to the wallet, is it true that coinbase in troubles?
I hope its not true like past few years rumour that said coinbase is a scam

because lite coin still worthy to be added to the exchanger, litecoin have market volume (24h) around 2,751 BTC and by looking into this,litecoin still have so many users and seems not to be failing soon

Coinbase only contracted Aon as an Insurance broker

so we are back to square one and still have no idea who has

insured coinbase and what their current rating is

Is there any tangible proof that coinbase is going to scam??? Is it all rumors?? What is the truth??

I have good amount of dollars in coinbase wallet. What should I must do now??

Is it better to transfer all my bitcoin to blockchain.info wallet???

Your really the only person who can decide this,

If u withdraw now past history shows when the exchanges go

down they honour withdrawals until they become greater

than deposits, try stealth and break your withdrawal into

smaller amounts,

Take out 50% and store it safely in a cold wallet

only if u know what ur doing, u could also withdraw ur

some BTC to another exchange or withdraw in USD

If u withdraw to dollars u risk the price increase of

the halving which should be substantial

whatever u do leaving 100% of funds on an

exchange is not recommended

What coinbase hack??? Are you sure?? Maybe this us just another walking hoax here maybe their just upgrading things in their wallet, do any there have supporting documents that this is happening? Well for now im trusting coinbase because im using it since im starting using bitcoin and i didnt getting bad issue since im using it and my problem some times with coinbase is their changing of btc addy per log in in their wallet thats all nothing less and add.

If you don't have the private keys you don't have the btc. 

May I suggest using electrum wallet.  You don't need to download the blockchain.  When you set up a wallet a multi word seed is created.  With that seed you can recreate your wallet on any computer at anytime.  So it doesn't matter if your comp burns in a fire, just keep your seed(s) safe.  I have my seeds in multiple locations  People who I can put my life in their hands have access as well for if when something happens to me.  You can have multiple wallets in the same program.  It is very easy to use.

If you don't have the private keys you don't have the btc.

If you don't have the private keys you don't have the btc.

If you don't have the private keys you don't have the btc.

here are some clarifications..

coinbase will continue as coinbase.
but there are several levels..

the consumer (small spend / occassional spend) will continue on the standard coinbase platform.. but the large 'whales' and heavy investors will get a nice upgrade to GDAX which is 'supposedly' a better trading platform/engine, for the larger 'whales'.

but as always its an online third party service so remember the principle rules that bitcoin was invented to teach
dont throw all your wealth into third party control
if you cant spend it whenever or however you like, without being questioned... its not really yours, even if you think it is.
third parties can disappear faster then the CEO of goldmansache got on a plane in 2007
third parties can disappear faster then the CEO of bitcoinica
third parties can disappear faster then the CEO of mtgox (mark kerpeles) went into hiding in his penthouse
third parties can disappear faster then the CEO of intersango went into hiding squats in UK and europe
third parties can disappear faster then the CEO of cryptsy went into hiding after his divorce hearing
third parties can disappear faster then the CEO of mintpal went into hiding after just being a thief

so dont put in more then your willing to lose

Don't u mean citi CEO 2007

And now I get the feeling Frankie English is ur second language

i dont care about coinbase trouble,i still use it and working properly,and if coinbase collapse or change anything about them,i just make new blockchain wallet yesterday,and not too worry about it.

Sold some BTC last week and the cash never arrived.

Support says they corrected the problem and I should have it by thursday.

It is possible it was a simple bug and I am willing to give them the benefit of the doubt, but I'm reporting just in case there are lots of people this started happening to.

It is possible something about my transaction raised a flag, I don't keep my BTC at coinbase, I keep most of it in cold storage and only transfer to coinbase to sell.

While all of my BTC sources are legitimate, it is quite likely that some of what I do, my customers have tainted bitcoins.

Still if that was the issue then I should be told.

Whatever the issue, it's not nice being told it would arrive one day and not having it arrive.

I hope it was just a simple bug.

edit - s/nice being/not nice being/

the funny think about AML/KYC 'FLAGS' is that all MSB businesses should not hold peoples funds to ransom.. they should just collect data and report it, while processing transactions as normal.
it is then upto the financial crimes agencies to see if those reports lead to known black list activities and in worse case get a court order to freeze accounts later. it is not the job of MSB to freeze accounts or punish the customer. nor is it the job of MSB to even inform the customer that they are being investigated. as that in itself is a bad thing that can get the MSB in trouble to inform a customer of an investigation or hold funds to ransom.

a previous post of mine highlighted a few general points
https://bitcointalk.org/index.php?topic=1479288.msg14914469#msg14914469
but the links an lead you to a more detailed read of what MSB should and shouldnt do.

an MSB can 'hold funds' by mistake
EG internal processing error
EG possible hack detected
EG funds went to wrong destination and takes time to rectify.

but cant hold funds due to 'flags', as those flags are just about internal reporting(paperwork) of issues (after the fact) and not a reason to hold funds

I have used coinbase recently with no problems whatsoever. This thread seems like FUD. Where's the proof?

actually I had not heard that coinbase was having problems or any bad news
but if someday it is trouble, collapse or something happen with them, to be honest ,i'm not too worry about it. so far i don't keep all of my Bitcoin at coinbase, just for speendable amounts ,i keep most of it in cold storage and other wallet.

Thank you. I have already withdrawn all my bitcoin to blockchain wallet. I have two transactions and went on smoothly.

I think blockchain wallet is the most secure as of now. What is your take on blockchain wallet?

Coinbase is a exchange, and the general rule of thumb after the MtGox incident was for people not to store their coins in a service, where you do not have full control over your private keys. If you ignored this advice, you are looking for trouble.

I only signed up with them, because some merchants did not want to accept BTC if it was not connected to a regulated exchange. I deposited the BTC, then bought the item and withdraw the change until I needed them again.

I understand that growth has been a little slow but there should not be any reason to panic
Bit bemused by the rumours and panic-mongering out there

I thought Coinbase had insurance coverage ??

Another one bites the dust
Another one bites the dust
And another one gone, and another one gone
Another one bites the dust
Hey, I'm gonna get you too
Another one bites the dust

It was a marketing gimmick from scammers

I think coinbase is legit, but if your gonna be moving a lot of btc or buying a lot you need to verify your account otherwise you risk your account being frozen. Basically they don't want people money laundering through their site.

their is more noise about Coinbase than any of the exchanges before they went

bankrupt,  Coinbases addresses need to be pooled together now before

they go bankrupt not after, investigating now will put pressure on the VC's

to make a fast decision and with all the brand name banks involved it

will look bad on the if coinbase went under

Same thing they said about Gox.  You'll have your proof the day after all the money will be gone.  But by then, all the money will be gone.  Get it?