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Author Topic: With Coinbase (apparently) going down, where do you go to sell your BTC?  (Read 1441 times)
Entropize (OP)
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June 03, 2016, 04:21:19 PM
 #1

Lots of talk of how Coinbase is not doing well, or at least not as well as they claim.
https://www.reddit.com/r/Bitcoin/comments/4md665/coinbase_may_have_lied_about_the_number_of/
A few bad reviews and public complaints.

Either way, I'm curious where you all go to sell your BTC. It looks like we're on the cusp of another boom so where do you go when it's time to cash out?

Got friends and family bugging you to explain Bitcoin? Point them to https://bitcoinfaq.info for some answers. I've built the site to have simple answers to complete newcomers and info on what is involved in getting started with mining.

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The Sceptical Chymist
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June 03, 2016, 04:35:26 PM
 #2

I use Circle and have had no problems so far.  Hopefully this rumor about coinbase isn't true--I don't use them anymore but it would suck to have another exchange bite it. 

There's also the currency exchange section of this forum.   Lots of deals to be found there.

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June 03, 2016, 05:11:23 PM
 #3

I think many exchange right now are legit to cashout your bitcoins .yeah your right many complaining about coinbase and i think many people are still having an issue.. you can try to find exchange sites here where you can withdraw it like wester money and money gram..
https://perfectmoney.is/business-partners.html
Just make sure that you choose high trust score so that you far in scammers.. this is just alternative if you cant withdraw your money in coinbase..

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June 03, 2016, 05:15:35 PM
 #4

I was always using bit-x.com ( Now Coinsbank)

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June 03, 2016, 05:59:57 PM
 #5

Coinbase has had bad reviews from minute and is gonna continue having them too. I think we'd be getting more of sense of doom if they really were gonna implode. They have some big backers who won't be too keen to see it pop.
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June 03, 2016, 07:54:26 PM
 #6

I don`t know in what state Coinbase is, but they tried to "control" bitcoin and when they failed, they published some crap about it and hyped ethereum that got many ppl pissed on them.... so its hard to know if the problem is real

atm you also have cex.io small exchange which now accept visa/master cards at low fee for sell/buy, on bitstamp I hear rate for buying with credit card is a bit steep, also there is circle if you are for supported country

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June 03, 2016, 08:17:39 PM
 #7

With the bitcoin prices sky rocketting,every one is losing it.Hide yo coins ,Hide yo wallets the bitcoin monsters are looking to steal them!It is not safe to have your coins floating around in exchange wallets.As far as trading is concerned ,BE HODL ,its too soon for that.Localbitcoins has always an amazing alternative and always will be.Try Kraken if you're not comfortable with LBC.
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June 04, 2016, 02:07:46 AM
 #8

Coinbase was one of the most heavily startup so I don't think that it will eventually fold anytime soon. Those investors will not easily give it up. Aside from that, they embraced eth for some kind of rebranding and expanding their user base. They also released widget for bitcoin users to buy easily using debit card.

As for your question on where do I go to sell my btc, I always use local exchanges.
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June 04, 2016, 02:17:52 AM
 #9

This is silly, there's no sign to indicate that Coinbase isn't doing well. I don't like coinbase, but suggestions that they might be insolvent are absurd. I like how this is heading though, if people keep saying that Coinbase isn't doing well, they might implement proof of reserves systems. If they did, it'd soon become an industry standard.

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June 04, 2016, 02:19:42 AM
 #10

I usually sell through Poloniex as they support withdrawal via Tether USD

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June 04, 2016, 05:36:10 AM
 #11

Lots of talk of how Coinbase is not doing well, or at least not as well as they claim.
https://www.reddit.com/r/Bitcoin/comments/4md665/coinbase_may_have_lied_about_the_number_of/
A few bad reviews and public complaints.

Either way, I'm curious where you all go to sell your BTC. It looks like we're on the cusp of another boom so where do you go when it's time to cash out?

Localbitcoins.com off course...or this forum  Grin

There are still no proofs that coinbase is going down.Only gossips...

I`m not coinbase fan,but this will affect btc...

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June 04, 2016, 09:27:05 AM
 #12

I usually sell through Poloniex as they support withdrawal via Tether USD
If you're talking about selling bitcoin, you should know that you can sell for tehter directly through tether.to
 It is really useful, although it is a bit slow sometimes.

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June 04, 2016, 01:04:16 PM
 #13

I usually sell through Poloniex as they support withdrawal via Tether USD
If you're talking about selling bitcoin, you should know that you can sell for tehter directly through tether.to
 It is really useful, although it is a bit slow sometimes.

Thanks for the info. Do you use uphold.com? I wonder if it works just like Tether...

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June 04, 2016, 03:56:22 PM
 #14

I usually sell through Poloniex as they support withdrawal via Tether USD
If you're talking about selling bitcoin, you should know that you can sell for tehter directly through tether.to
 It is really useful, although it is a bit slow sometimes.

Thanks for the info. Do you use uphold.com? I wonder if it works just like Tether...
It does work similarly to Tether and has more currencies but I don't like prices, usually they're below market rates and update slowly. Most of the time BTC/USD in Uphold is even 2%-3% bellow bitfinex (which IINM is quoted in real time by Tether). At least Uphold has near-instant in-account transfers whereas in Tether.to those take ~30 minutes. Uphold does require verification (which is pretty fast btw) to remove fees through.

Doesn't hurt to try it.

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June 04, 2016, 04:51:18 PM
 #15

This is silly, there's no sign to indicate that Coinbase isn't doing well. I don't like coinbase, but suggestions that they might be insolvent are absurd. I like how this is heading though, if people keep saying that Coinbase isn't doing well, they might implement proof of reserves systems. If they did, it'd soon become an industry standard.

All the rumours of Coinbase being in trouble started the day before Ether trading was enabled - so it's likely a concerted attempt to damage them by their competitors.

As for where to buy BTC if you don't want to use Coinbase - BitStamp now has the New York bitlicence, so Americans can use them instead. Prepare for some pretty draconian KYC though. In Europe you can use Kraken.

 
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June 05, 2016, 12:01:00 AM
 #16

As much as I don't support Coinbase because of their random policies of banning peoples accounts etc.
But where I can find confirmed rumors - apart that Reddit thread posted in the op that Coinbase is having problems?

I searched for some additional articles or news bu all I could find are normal complains of the Coinbase customers.
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June 05, 2016, 04:19:57 AM
 #17

i doubt that coinbase will go down this easily. they are just expanding their services. but as an alternative you can always use circle.com or any other exchanger that deals with bitcoin-fiat that can vary depending on your country of residence. i prefer kraken, btc-e and c-cex for its option.

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June 05, 2016, 04:30:41 AM
 #18

I seriously have doubts for the legitimacy of the claims that people make on reddit.... Like I use bitcoin on coinbase and it still works fine for me. I don't know where they even base their claims from.

But let's assume they are true claims. I will use Localbitcoins instead of coinbase. I mean coinbase is pretty convenient, but localbitcoins is too Cheesy
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June 05, 2016, 05:00:47 AM
 #19

I have been with coinbase from the beginning and have never had a problem. I run coin in and out 3 or 4 times per week. The internet sucks for BS rumors like this one. Donate here and track it on coinbase. 14ZhK84nyaVt4MmiEjKiJrk5d5m9MRbnrr
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June 05, 2016, 03:54:59 PM
 #20

This is silly, there's no sign to indicate that Coinbase isn't doing well.

Sorry if this came off as a coinbase bash or any speculation about their demise, all I meant was that I've used coinbase to cash out coins for the last few months and recent complaints have inspired me to take all my BTC out of third party wallets. Now with the price shooting up I'm curious how the community sells their BTC.

Got friends and family bugging you to explain Bitcoin? Point them to https://bitcoinfaq.info for some answers. I've built the site to have simple answers to complete newcomers and info on what is involved in getting started with mining.

I'm openly taking questions and updating the site with answers and walk-throughs.
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