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a7mos
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October 09, 2016, 07:21:42 PM |
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Not everyone hates coinbase. who hates it does because it is a centralized website that does not give you any control over your bitcoin at all. also they are known for suspending any suspicious accounts. while others like it because it is easy to buy and sell btc from them if they support your country and it pays the txs fees
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Hazir
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Activity: 1596
Merit: 1005
★Nitrogensports.eu★
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October 09, 2016, 07:33:48 PM |
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It's so easy to find the answer why people hate coinbase but let me write down a few arguments for you to know as well.
1. It's an online web wallet which means you are relying on third party to hold your bitcoins and the need to use their website to send and receive bitcoins
2. You don't own the private keys of your wallet and if you don't own the private keys you don't own any bitcoins.
3. They can close your account if they just have doubts about you being involved in a gambling site and there is nothing you can do about this.
4. A web online wallet can always be hacked and usernames and passwords can be stolen from their database if the hacker(s) are really good ones.
These are enough reasons for me to hate any such kind of wallet so other people are right too to hate coinbase.
1&2. It is only valid when online wallet is not letting you copy your private keys. There are online services which give you full access to that. Coinbase isn't one of them. 3. Only true when comes to Coinbase and Xapo maybe some other lesser known online wallet. I never heard that someone got suspended on Blockchain.info for gambling 4. I don't know how good is Coinbase's Security and methods. But in blockchain.info case even operator doesn't have access to your passwords as they are encrypted. |
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0day
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October 09, 2016, 10:59:44 PM |
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according to my views the reason is that they are more strict in their rules and because of these rules they often freeze the accounts of their members which are not favorable by any user of bitcoin.
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Hire me for your campaign management
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European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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October 09, 2016, 11:01:13 PM |
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according to my views the reason is that they are more strict in their rules and because of these rules they often freeze the accounts of their members which are not favorable by any user of bitcoin.
they don't have any choice. if they want to stay in business then they have to follow the rules that are laid down for them. I doubt anyone wants to turn customers away but that's the price of staying afloat. if customers don't like then they need to get elected to office and change something. nothing coinbase can do about it. |
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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October 10, 2016, 05:44:38 AM |
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according to my views the reason is that they are more strict in their rules and because of these rules they often freeze the accounts of their members which are not favorable by any user of bitcoin.
it is not just because of the rules they have, it is because of the way this service is like. when using coinbase you are technically using a service that you can even call a bank, and as a bitcoin user and lover i call it against the nature of bitcoin. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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smho_16
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October 10, 2016, 09:56:41 AM |
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according to my views the reason is that they are more strict in their rules and because of these rules they often freeze the accounts of their members which are not favorable by any user of bitcoin.
it is not just because of the rules they have, it is because of the way this service is like. when using coinbase you are technically using a service that you can even call a bank, and as a bitcoin user and lover i call it against the nature of bitcoin. I totally agree with you. In fact they are a bitcoin bank which is truly against the bitcoin philosophy. Basically you don't own your bitcoins as you don't own the private keys of your addresses there. Not worth using when there are much better web wallets with the same security. Note that desktop wallet are much better and you really are in charge of everything regarding your bitcoins there. |
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ged00u
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October 10, 2016, 10:37:16 AM |
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As you see,I'm just a newcomer on bitcoin as well as user of coinbase but my question why people don't like coinbase too much. Have any reasons?
Mostly as long as I know main problem on closing accounts associated with gambling.Have any other reason?
I do not know why people do not like coinbase. It has many advantages function including non-fee transactions. Newbie bitcoin users will find it easy to use and understand. The design is great too |
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BitcoinExpart (OP)
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October 12, 2016, 06:00:03 AM |
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As you see,I'm just a newcomer on bitcoin as well as user of coinbase but my question why people don't like coinbase too much. Have any reasons?
Mostly as long as I know main problem on closing accounts associated with gambling.Have any other reason?
I do not know why people do not like coinbase. It has many advantages function including non-fee transactions. Newbie bitcoin users will find it easy to use and understand. The design is great too Well.This is the reason for me still using coinbase but I feel some rules of this wallet should be change in order to more attracting. |
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x4
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October 12, 2016, 06:36:42 AM |
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i always say, i think it is a good service but only for purchasing bitcoin because it is easy and newbie friendly and helps those who are not so familiar with bitcoin get started with it easily.
but the problem is that you should not use it as a wallet. simply because of two reasons: it is online on a third party website and also you don't have access to your private keys.
And except as an online third party app you don't have access the private of your wallet address because every time you request a wallet it gives you with different wallet address and as an web wallet there are possibilities that it will be down or DDOS attack and once it it down you can't transfer your coins to others if you want but you have to wait if they back online and if they give you back your coin. And there are issues that coinbase have before like someone posted it here that he/she bought some bitcoins using his/her bank account there but coinbase doesn't reply him/her and I don't know if that issue was solved. |
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Mkmanik
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October 12, 2016, 02:51:40 PM |
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I like coinbase and i used coinbase wallet from the begening of my crypto business. for send fund coinbase are totally free. its secure and safe to me. when i log in my account i have to passed 2 verificastion,one is email verification and another is mobile number verificastion.with out verificastion any one never log in my account. using coinbase have one problem also that i know is, you can not send fund directly on gambling site. i am happy using coinbase
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outatime1
Sr. Member
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Activity: 364
Merit: 254
CryptoTalk.Org - Get Paid for every Post!
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October 24, 2016, 06:35:30 PM |
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I have used coinbase to buy and sell bitcoins via my bank account and have had no problems. However, I wish there was an easier way other than providing so much personal information.
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Superways
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October 24, 2016, 10:41:11 PM |
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A few months ago I heard that coinbase has very strict rules and they freeze accounts that is why people do not like but according to my observation people do not like coinbase because they do not like gambling deposits from their wallet and when they observe a transaction to any gambling site from their wallet then they freeze their account.
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CyberCombat
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October 24, 2016, 10:57:39 PM |
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i used coinbase thats good for me I have used coinbase to buy and sell bitcoins without problem
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truimpheriues
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October 24, 2016, 10:59:56 PM |
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i don't like coinbase because not supported privatkey
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The_prodigy
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October 25, 2016, 02:24:35 AM |
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As you see,I'm just a newcomer on bitcoin as well as user of coinbase but my question why people don't like coinbase too much. Have any reasons?
Mostly as long as I know main problem on closing accounts associated with gambling.Have any other reason?
As i can see or by experience people don't really like using this web wallet it just because coinbase is really not good when you are seing lot's of addresses on your wallet and everytime you accept payments from clients your address will automatically change -_- and this is not good for me and there are also policy that when they coughted your account that your earnings are related into any gambling site's your probably gone. |
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TheGodFather
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October 25, 2016, 01:32:55 PM |
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As you see,I'm just a newcomer on bitcoin as well as user of coinbase but my question why people don't like coinbase too much. Have any reasons?
Mostly as long as I know main problem on closing accounts associated with gambling.Have any other reason?
Probably the address it always change when you already receive from someone? Or maybe coinbase really hate seing bitcoin address that came from into gambling site. We'll you can really see your bitcoin address there even it's changing anythime when you done receiving from unknown sender you can still remain receive whenever it changed already. |
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tabas
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October 25, 2016, 03:15:09 PM |
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according to my views the reason is that they are more strict in their rules and because of these rules they often freeze the accounts of their members which are not favorable by any user of bitcoin.
Thank's for this information. Because I am planning to try out coinbase but upon reading your review from them, then that changed my mind. So I am going to stick more now with blockchain and won't try coinbase anymore. So that is disgusting if you worked hard for your bitcoins and they will just going to freeze it? |
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Chris!
Legendary
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Activity: 1382
Merit: 1122
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October 25, 2016, 03:24:06 PM
Last edit: November 24, 2016, 06:06:58 PM by Chris! |
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Personally I don't like or use any online wallet anymore. I learned my lesson after blockchain.info stole 0.05BTC from me and I was told I probably had spyware.
Any online wallet has your private keys. Don't use them. Would you give some random start up company your email passwords? I know what you're thinking "why would I? Why would they ever need them? I can still use my email without them." It's the same for bitcoins. Yoh don't need to trust anyone wifh your coins so don't!
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BingoDog
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October 25, 2016, 05:37:48 PM |
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I don't have the feeling that people don't like coinbase. But depends on experience they have. Some of them had problems with customer support or bad experience with freezing accounts which could be very annoying.
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malaj
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mobnepal
Legendary
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Activity: 1218
Merit: 1006
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October 25, 2016, 06:02:43 PM |
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- they have limitation/restrictions to many countries on using their trading platform
- there are several case of frozen wallets, locked account by them so hard to trust them with heavy amount of bitcoins
- their verifcation requires so much documents even to move few bitcoins
- fee less transaction make it impossible for user to have full control over bitcoin stored in coinbase wallet because they don't provide private key of the bitcoin addresses we use in there.
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