Is coinbase going to be the next "goxed"?

[ProfessionalGoogler]

Everyday I hear more and more bad things about coinbase such as them shutting you down for random stuff like using localbitcoins or even something as simple as buying BTC on another exchange to sell on coinbase..

And recently it has been they want to fork BTC...

For now, I personally will be avoiding them.. (just withdrew/moved the little BTC I had) they sound a lot like gox everyday..  

[mercistheman]

While I do use them on a limited basis because they're insured... I would like more information on the level of consumer protection.

[BitcoinBlackjack]

Never keep more than you can afford to lose in 1 place!

[ProfessionalGoogler]

Coinbase..

[Enjorlas]

What are some Coinbase alternatives that are as easy to use? Recently they lowered the amount you can buy in one day to $200 for bank accounts.

[Possum577]

The fork conversation is not new and it's not shady. It's a legitimate issue facing the future of bitcoin. The real debate is whether it should happen now (forced) or only when it's really needed (organically). At some point the size issues will be real.

I think Coinbase has more to lose than to gain if they were do something "gox like". The operate in the US...laws are different there.

[n2004al]

Everyday I hear more and more bad things about coinbase such as them shutting you down for random stuff like using localbitcoins or even something as simple as buying BTC on another exchange to sell on coinbase..

And recently it has been they want to fork BTC...

For now, I personally will be avoiding them.. (just withdrew/moved the little BTC I had) they sound a lot like gox everyday..  

I am a coinbase user and haven't heard any such bad news about those. I have some bitcoins there and I consider coinbase as a very good online wallet. But seeing your post make me worried. Can you be more specific about those? For example can you tell the source of your bad news or even some (or even one) sources which talk about their problems? It will be a very help for me seeing this things written somewhere... Thanks if will help.

[Strongkored]

I think there is no problem for Coinbase to speak out to support BP101. It is good to talk about it and inspire some more discussion about the issue to reach consensus later.

[odolvlobo]

Everyday I hear more and more bad things about coinbase such as them shutting you down for random stuff like using localbitcoins or even something as simple as buying BTC on another exchange to sell on coinbase..
And recently it has been they want to fork BTC...
For now, I personally will be avoiding them.. (just withdrew/moved the little BTC I had) they sound a lot like gox everyday..  

Your reasoning doesn't make sense. The situation with Coinbase bears no resemblance to Mt. Gox. Unlike the obvious signs of impending failure at Mt. Gox, I don't see any indication that Coinbase is going to collapse any time soon.

I was banned from Coinbase, probably for trading too much, but it doesn't affect me much, though it is annoying.

As for them wanting to "fork Bitcoin", you might have a better understanding of the situation if you ignore the hysteria on reddit.

[Slark]

Coinbase is big bitcoin company and they want to be bigger and monopolize the market, hence the decisions. They can't fork anything. Even Gavin and Hearn can't do that alone.
As we said when shitstorm about XT hit us. If Coinbase realizes that they decisions are not popular among community they gonna either change some of their stupid moves or another company will take over.

[Kakmakr]

There is a huge difference between the time Mt Gox was around and the current situation. Mt. Gox has sparked over regulation at the exchanges around the world, to prevent that from happening again, on such a large scale. Coinbase are one of those exchanges where they go overkill on following the AML and KYC regulation. I am not saying it will not happen, but these exchanges will face huge penalties, if it does. They also take out insurance now, to help cover losses, if a incidence occur.

It is much better now, than back then with Mt. Gox  

[mezzomix]

I have some bitcoins there and I consider coinbase as a very good online wallet. But seeing your post make me worried.

There is no good online wallet. With bitcoin you decide about your money or you have to accept a total loss.

If you want others to decide about your money use banks, credit cards, paypal, ...

[Nrcewker]

in definitely, it's really not a good experience to trade or buy bitcoin in coinbase.

[Tstar]

OP reading your thread I expected to find some links and info about what you say regarding Coinbase: there should be some evidence for what you say and I see nothing.

[teddy5145]

If you don't trust coinbase anymore you can always move your fund to offline wallet
It's easier than it seems
Try to use electrum wallet it has good security and mnemonic pass phrase just in case you lost your wallet.dat
Or move to another online wallet, there's still many out there
I personally never use coinbase before and not gonna risk it

[medUSA]

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.

[gianbtc]

can u provide sources of these everyday bad news about coinabase ? i personally didn't seen one.

[cozytrade]

We need more detail things.
   
The topic title is misleading. Being goxed is different thing. 

[vancefox]

I don't see Coinbase as going "gox" next... there's another well known entity that is falling down this path, in many people's eyes, very quick.

[makcik]

"Goxed" - the meaning of this word is to be fooled repeatedly, continuously again and again. This has become normal for the people using coinbase. The problem is of delayed transactions. Many times this has happened that when you are sending bitcoins, it says "sent" but neither bitcoins are deducted from wallet nor sent to the address you are trying to send. Sometimes bitcoins get deducted but are not sent to the address you sent. They are in "verification". People face problems because of this and its frustrating too. Myself I have faced it once. This becomes a trouble especially when buying physical goods. Coinbase is still praised as a good wallet and it's Completely tax free too. But, these things really make you feel "goxed"