Bitcoin Forum

Other => Beginners & Help => Topic started by: Shazam!!! on February 22, 2015, 10:54:36 PM



Title: Coinbase for noobs...
Post by: Shazam!!! on February 22, 2015, 10:54:36 PM
Has anyone ever had any problems with coinbase???

Is it safe to link your bank account???

Are the prices and the exchange fees fair???

How secure is the wallet they set up for you???


Title: Re: Coinbase for noobs...
Post by: bitkilo on February 22, 2015, 10:59:50 PM
I've been using the Coinbase wallet for awhile now, it seems very safe so far with 2fa and a good password.

As for linking your bank account i wouldn't know, they haven't added Australia yet so you can buy coins.
Price always seem a little high so i would prefer to buy coins from trusted members i know from this forum.

If you plan to gamble then don't use a Coinbase wallet or they will ban you.


Title: Re: Coinbase for noobs...
Post by: Shazam!!! on February 22, 2015, 11:07:53 PM
I've been using the Coinbase wallet for awhile now, it seems very safe so far with 2fa and a good password.

As for linking your bank account i wouldn't know, they haven't added Australia yet so you can buy coins.
Price always seem a little high so i would prefer to buy coins from trusted members i know from this forum.

If you plan to gamble then don't use a Coinbase wallet or they will ban you.

Thanx for the info. I know no matter what its not a good idea to keep larger amounts on ANY online wallet.
But its good that their wallet is secure. I have read that they have some strict policies regarding Gambling.


Title: Re: Coinbase for noobs...
Post by: coinpr0n on February 22, 2015, 11:11:45 PM
The exchange is still closed to customers outside the US, so I don't know about that. But many people have their banks connected with Coinbase and seem to be pretty happy with it (privacy/security concerns apart).


Title: Re: Coinbase for noobs...
Post by: Shazam!!! on February 22, 2015, 11:26:08 PM
The exchange is still closed to customers outside the US, so I don't know about that. But many people have their banks connected with Coinbase and seem to be pretty happy with it (privacy/security concerns apart).


I hope they would open to other parts of the world. Being from the U.S. myself I see why they have restrictions...Many of those here in the land of the free.
I'd like to find some Actual user feedback from U.S. users about the bank account link security. Thanx for your input.


Title: Re: Coinbase for noobs...
Post by: manselr on February 22, 2015, 11:41:28 PM
Advice for noobs: Put your bitcoins in a local wallet as soon as you get them, do not leave them at any exchange no matter how safe they announce to be.


Title: Re: Coinbase for noobs...
Post by: wakka622 on February 23, 2015, 01:16:05 AM
Has anyone ever had any problems with coinbase???

Is it safe to link your bank account???

Are the prices and the exchange fees fair???

How secure is the wallet they set up for you???
1. I still not get any problems
2. yes it is
3. Yes fair.
4. Phone + email verification


Title: Re: Coinbase for noobs...
Post by: koshgel on February 23, 2015, 03:43:15 AM
Haven't had any issues with Coinbase so far and have had my bank account attached. Heard some horror stories but no personal experiences to relate.


Title: Re: Coinbase for noobs...
Post by: artemisiagentileschi on February 23, 2015, 05:32:41 AM
Coinbase was the first wallet I set up, and I still actively use it, and have my account linked. I have no complaints, and the new $USD feature is nice.


Title: Re: Coinbase for noobs...
Post by: Dread Pirate Roberts on February 23, 2015, 07:10:11 AM
i think nothing feels wrong with them.
so far sogood


Title: Re: Coinbase for noobs...
Post by: odolvlobo on February 23, 2015, 08:21:06 AM
I have used coinbase to buy many thousands of dollars worth of bitcoins (all spent now) and I have had no troubles. Some people have reported that Coinbase had cancelled their orders, but that never happened me.


Title: Re: Coinbase for noobs...
Post by: ChuckBuck on February 26, 2015, 04:10:28 PM
No problems from Coinbase here.  Bought hundreds(thousands maybe?) worth of Bitcoin transactions.

No problems setting up 2FA, setting up Bank account by confirming the dust transactions, setting up instant buys by adding Credit card, or levelling up to Tier 2 for larger buy amounts.

Coinbase fee is pretty fair, 1% + $0.15 ACH fee for each transaction:

https://support.coinbase.com/customer/portal/articles/585625-what-is-coinbase-and-how-much-does-it-cost-to-use-

Quote
* User is responsible for miner's fee on external transactions less than 0.001 BTC. Sending between Coinbase users is always free.
** For US Customers, orders less than $15 are charged a flat fee of $0.15. For European customers, there is a bank fee of €0,15 for withdrawals.


Title: Re: Coinbase for noobs...
Post by: runningfree on February 26, 2015, 08:04:39 PM
I can't say that I have had any problems with Coinbase, neither have a heard of anyone with a problem.


Title: Re: Coinbase for noobs...
Post by: mlferro on February 26, 2015, 08:10:18 PM
Advice for noobs: Put your bitcoins in a local wallet as soon as you get them, do not leave them at any exchange no matter how safe they announce to be.
I share this same idea.

I can't say that I have had any problems with Coinbase, neither have a heard of anyone with a problem.
also never seen or read someone complaining


Title: Re: Coinbase for noobs...
Post by: mark613 on February 26, 2015, 08:54:37 PM
I've been with Coinbase over a year now with no problems.  Good company.


Title: Re: Coinbase for noobs...
Post by: marcotheminer on February 26, 2015, 08:54:43 PM
Advice for noobs: Put your bitcoins in a local wallet as soon as you get them, do not leave them at any exchange no matter how safe they announce to be.

Make sure you secure the wallet too with a tough passphrase!


Title: Re: Coinbase for noobs...
Post by: KaChingCoinDev on February 26, 2015, 10:57:42 PM
I use coinbase, and it works fine.

But, as stated above, do not leave your bitcoins in the exchange. People lose money when exchanges go under. Look at mintpal, and many others...


Title: Re: Coinbase for noobs...
Post by: waterpile on February 27, 2015, 12:06:16 AM
1) hadn't have issues with coinbase
2) fees are high
3) I wouldn't trust any exchangers right now to store my coins


Title: Re: Coinbase for noobs...
Post by: Btcvilla on February 27, 2015, 12:39:52 AM
Coinbase likely wont steal your btc. I would not use Coinbase though, they been locking people's accounts and asking private questions that they do not need to know. Just use Electrum or some kind of cold storage.


Title: Re: Coinbase for noobs...
Post by: KaChingCoinDev on February 27, 2015, 12:40:43 AM
Coinbase likely wont steal your btc. I would not use Coinbase though, they been locking people's accounts and asking private questions that they do not need to know. Just use Electrum or some kind of cold storage.


He is not looking for a wallet, he is looking for an exchange...


Title: Re: Coinbase for noobs...
Post by: Joca97 on February 27, 2015, 11:53:57 AM
Has anyone ever had any problems with coinbase???

Is it safe to link your bank account???

Are the prices and the exchange fees fair???

How secure is the wallet they set up for you???

i hate coinbase
use blockchain.info its much better

the thing why i hate coinbase is that its slow on depositing to gambling sites plus i cant get private key!!


Title: Re: Coinbase for noobs...
Post by: irfan_pak10 on February 27, 2015, 12:40:04 PM
Has anyone ever had any problems with coinbase???

Is it safe to link your bank account???

Are the prices and the exchange fees fair???

How secure is the wallet they set up for you???

1. I using coinbase till now find no problem whilst using it.
2. yes! but no, these site dont know when will scam you and then it might be a problem. Dont ever believe on internet sites, except few site
3. Good to me. what you think?
4. i think how you use there service, if you want to set security its will be more secure.


Title: Re: Coinbase for noobs...
Post by: greek8TC on February 27, 2015, 01:44:15 PM
Coinbase is not good if you need privacy / access to your private key :(
But, if you don't care about both of them Coinbase is pretty safe

And please keep in mind don't store too much bitcoin in online wallet