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Author Topic: Is coinbase going to be the next "goxed"?  (Read 1486 times)
ANdr0id
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November 09, 2015, 06:55:39 PM
 #21

in definitely, it's really not a good experience to trade or buy bitcoin in coinbase.
Reasons being? They are effortless because it's directly linked to your bank so no hassle getting your coins.
Offered good promo if you buy $100 of coins too.
Arcteryx
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November 09, 2015, 07:08:32 PM
 #22

Everyday I hear more and more bad things about coinbase

I believe Coinbase is doing quite well. They have filed patents on bitcoin products and expanded their markets to Asia. They are a big company now and will be audited. Difficult for Coinbase to pull a "Gox" nowadays.
They don't force you to buy or sell with them. If you just want to transfer bitcoin to them there is no issue and they don't ask anything from you.

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Possum577
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November 09, 2015, 09:22:02 PM
 #23

Everyday I hear more and more bad things about coinbase

I believe Coinbase is doing quite well. They have filed patents on bitcoin products and expanded their markets to Asia. They are a big company now and will be audited. Difficult for Coinbase to pull a "Gox" nowadays.
They don't force you to buy or sell with them. If you just want to transfer bitcoin to them there is no issue and they don't ask anything from you.

Exactly. It's fair for them to have some rules the protect their business or minimize risk. This is exchange isn't for you to take advantage of. Every complaint I've heard about Coinbase is one that involved someone trying to game the system a bit OR the restriction Coinbase imposed was reasonable and didn't significantly limit the users access to bitcoin or the market.

Why is Coinbase the target of such criticism? DO you think Xapo has less restrictive policies? If so, perhaps you should take your business there - vote with your wallet, literally!

bitcoin revo
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November 10, 2015, 02:16:41 AM
 #24

in definitely, it's really not a good experience to trade or buy bitcoin in coinbase.
Reasons being? They are effortless because it's directly linked to your bank so no hassle getting your coins.
Offered good promo if you buy $100 of coins too.

I've heard that the real hassle is connected to getting your coins out of Coinbase. Wink I've been seeing a lot of cases where Coinbase, one way or another, strips users of their funds.
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November 10, 2015, 07:33:34 AM
Last edit: November 10, 2015, 07:44:59 AM by khash4u
 #25

in definitely, it's really not a good experience to trade or buy bitcoin in coinbase.
Reasons being? They are effortless because it's directly linked to your bank so no hassle getting your coins.
Offered good promo if you buy $100 of coins too.

I've heard that the real hassle is connected to getting your coins out of Coinbase. Wink I've been seeing a lot of cases where Coinbase, one way or another, strips users of their funds.

That I don't believe do you have any proof?
Of course they have different incentives for traders to get liquidity but I don't see their trading platform as being dodgy being they have huge investments to the sum of  $106M nobody can say they're not a serious player to watch. I know they are still working on getting more countries accepted for their exchange like Australia, but I suppose it's their funny laws and approach to crypto currency that is the  hindrance

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