Beware of CoinBase

[ensurance982]

Not happy about the July 2015 policy changes on intellectual property so I broke up with PayPal for good.
...

What changes are they implementing in July 2015!? Policy changes regarding intellectual property sounds pretty strange, if you ask me. I only know about the cases where they ordered people to destroy their expensive violins because they were thought to be counterfeit merchandise.

[Lexi Price]

Not happy about the July 2015 policy changes on intellectual property so I broke up with PayPal for good.
...

What changes are they implementing in July 2015!? Policy changes regarding intellectual property sounds pretty strange, if you ask me. I only know about the cases where they ordered people to destroy their expensive violins because they were thought to be counterfeit merchandise.

Do what?? LOL please tell me that's snopes material and didn't actually happen.

https://www.paypal.com/va/webapps/mpp/ua/upcoming-policies-full

[Chef Ramsay]

Coinbase has always worked fine for me and never had any front-end issues with my bank over using Coinbase. The only downside is that it takes 5 biz days to get your coinage. Buying/selling coins doesn't come any easier.

[nicked]

Not happy about the July 2015 policy changes on intellectual property so I broke up with PayPal for good.
...

What changes are they implementing in July 2015!? Policy changes regarding intellectual property sounds pretty strange, if you ask me. I only know about the cases where they ordered people to destroy their expensive violins because they were thought to be counterfeit merchandise.

Do what?? LOL please tell me that's snopes material and didn't actually happen.

https://www.paypal.com/va/webapps/mpp/ua/upcoming-policies-full

https://www.cryptocoinsnews.com/bitcoin-future-paypal-changes-terms-service-take-content/

[Lexi Price]

Coinbase has always worked fine for me and never had any front-end issues with my bank over using Coinbase. The only downside is that it takes 5 biz days to get your coinage. Buying/selling coins doesn't come any easier.

I know...that's how it starts. I was happy with it too until the time they screwed up. And when they did, it was a reality check. They held onto it while the price dropped instead of cashing out when I sold. They gave me the run around and delayed it 3 weeks and that's when it really settled in, as long as it's on coinbase it's not really MY bitcoin.

I promise you this, it will happen to you, too before long. Just a matter of when.

[kolloh]

Never really had an issue with Coinbase, but I am becoming more and more concerned about using them. Ideally a more anonymous solution for buying/selling easily would be great.

[SpanishSoldier]

Coinbase notified me that they needed documents, and then immediately cancelled all of my transactions, which was $7000 worth. I find it ridiculous that they did that to me after all the business I've given them. They could have at least given me a chance to respond, I would have provided the documents they needed.

I've decided it is best not to buy large amounts of Bitcoin from Coinbase, so I've gone my separate ways.

Did they freeze your fund or just cancelled the transactions and returned them to you ?

[Elwar]

Before starting with bitwage.co I used to convert every paycheck to bitcoins. That would be thousands of dollars per month. I also have used it for localbitcoins just because of the convenience of their QR scanner.

Looks like I'll have to move those few bitcoins I have on there to a mobile wallet.

Getting euros to pay for things through localbitcoins is "personal use" for me.

[jdebunt]

Getting euros to pay for things through localbitcoins is "personal use" for me.

It is in my book as well tbh can't see anything wrong with that for the time being

[WhatsBitcoin]

COINBASE MURDERED MY FIRST BORN DAUGHTER! TO HELL WITH THEM!!!

[QuestionAuthority]

COINBASE MURDERED MY FIRST BORN DAUGHTER! TO HELL WITH THEM!!!

It could have been worse. They could have raped her first. It least she died with a virgin hole. 

[Gultahin]

I've been using them for sometime, well at least for small amounts i keep on the web, any bigger volume i do/might get i store in paper wallet as those are probably safer (at least if i don't lose them...) Blockchain one seems more trustable but just the effort to move those get me tired.. so staying with them at least for now

[btcton]

Coinbase has always worked fine for me and never had any front-end issues with my bank over using Coinbase. The only downside is that it takes 5 biz days to get your coinage. Buying/selling coins doesn't come any easier.

I know...that's how it starts. I was happy with it too until the time they screwed up. And when they did, it was a reality check. They held onto it while the price dropped instead of cashing out when I sold. They gave me the run around and delayed it 3 weeks and that's when it really settled in, as long as it's on coinbase it's not really MY bitcoin.

I promise you this, it will happen to you, too before long. Just a matter of when.

It hasn't happened to me personally, but I've heard that people who have had that happen are still given the amount worth at the time they submitted it even if it is a few weeks late. Of course, that is no excuse for them to delay it at all, but as they are trying to comply with the law, they value safety quite a bit.

[RussianRaibow]

COINBASE MURDERED MY FIRST BORN DAUGHTER! TO HELL WITH THEM!!!

It could have been worse. They could have raped her first. It least she died with a virgin hole. 

Too bad comparison

[SpanishSoldier]

...and now CoinBase is tracking us

http://cointelegraph.com/news/113207/coinbase-is-tracking-how-users-spend-their-bitcoins

[Gultahin]

coinbase shitty wallet..promising to give 1$ as new registration bonus,but gave nothing..
really waste,phishing for emails...

[RaginglikeaBoss]

CoinBase is legit by most U.S. members, including myself.  It's the pre-Summer pump on schedule as usual.

[RCSTYLE303]

*BEWARE* OF "IGOT" www.igot.com... This exchange based in Australia, has extremely long delays with withdrawals and at this point myself and others believe that they are either scamming outright, or they are operating a Ponzi scheme. IGOT has held onto our money/coin for over 2 months.
The owner is Rick Day, along with Julie and Dan; they give every excuse know to mankind in order to justify stealing money from clients.
*BEWARE OF IGOT" www.igot.com

[subSTRATA]

CoinBase is legit by most U.S. members, including myself.  It's the pre-Summer pump on schedule as usual.

it is legitimate, but the issue here is that coinbase is tracking how users spend their funds, which completely contradicts the relatively anonymous part of using bitcoin.

[tvbcof]

I have a degree of 'trust' in Coinbase insofar as I don't think they will rip me off.  That mostly because I could at least make a credible stab at suing their asses off and they have deep-ish pockets complements of various angel investors and such.

Anyone who has been paying attention and who is modestly knowledgeable about things should have no surprises that they have their entire heads completely within the sphincter of the Feds.  It is entirely expected and I don't hold it against them at all.  In some ways it is actually why I chose to use them.

I predicted many times that the business model Coinbase is going for is to spy on schools of minnows and sell out to a bank or tech giant at the most opportune time.  Larger early-ish adopter types are a distinct liability for this reasons.  I've not done a transaction through them for a year, but even back then they were getting antsy.  And I'm hardly a big fish compared to genuine early adopters I don't imagine.  When they interrogated me I offered that they should have the technical prowess to validate that my BTC came from Tradehill.  That seemed to have gotten them off my back but I expect I'll be shut down if/when I do any more activity of any consequence.  I think I remember Greg Maxwell himself mentioning that they shut him down.  Amazing.  Probably one would have to be a big investor in their company to do any volume through them at this point.