Bitcoin Forum

I believe Coinbase to be a legit USA cryptocurreny wallet, which is why I like it the best.

However, the problem I have with it, I can only deposit $250 per week for the next month. And, I can't use a credit card or debit card for a month? Why coinbase, why???

Does anybody recommend a legit USA cryptocurency wallet that I can deposit much larger amounts and quicker than Coinbase but offer the security that it represents???

Thanks

And that is it, they are probably the only wallet who is providing tons of informations to the IRS, and you think that it is the best wallet because of that?


Why dont you try to buy a Hardware wallet and store your coins in there? it is much more safer than just one of those online wallets.

If you do not want to spend, you can just use a paper wallet, it is free and very safe.

And buy bitcoins through Cex.io, they ask for KYC before you buy bitcoins with a credit card, but it is almost instantly.

Did you already verify your ID? If so, that should increase your limit.

You shouldn't store your btc in an exchange.
Remember that Coinbase is a centralyzed system backed by financial institutions and bankers, a system that will keep a track on every transaction that you make, and it won't hesitate to share your personal data/information with the IRS and other 3rd parties,
If you value your privacy, anonymity, and security, then I recommend you to use Electrum, or a hardware wallet, like a Ledger Nano or Trezor.

You can use an exchange: deposit money, buy your bitcoins and move them to your loved wallet. You can deposit up to $2,000 daily or 10,000 monthly with Kraken, without asking you to upload your id card, proof of address, etc. You still need to give your name, phone, birth date, of course. Another one is Bitstamp, but if you want to buy from a web-based wallet there is Xapo that can do this if I am not wrong

This is good info, but what if one wanted to sell their coins for fiat (USD) without going through Coinbase ?

many users have problem with coinbaes not know what happen’s so check other users in scam and may find answers.
conbase is not wallet they are centeral service like some services.
you can pay to use them service and if you lost your coins you will be at danger.
i assume you are trying to contact the support team.

It's not like they really had much of a choice to be providing information to the IRS, they fought all they could and then they decided that they had to do it. Think about if you were in their shoes, would you rather go under as a company or give up some information. Plus people should be paying their taxes on Bitcoin earnings (as its like any other capital earnings) so they shouldn't have SO much of an issue (outside of the privacy concerns of course)

Coinbase is a fine wallet and exchange, but if you really need something else fast then I'd go with Gemini or try to get your limits increased as Coinbase -- that'll probably work fine.

Karaken and a lot of these other exchanges are taking their sweet time in approving my account that I applied a month ago.

I did this already

You should use a hardware wallet because hardware wallet are far better than any other online wallet.Btw i think that coinbase is also good