Why people don't like coinbase?

[BitcoinExpart]

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?

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[pooya87]

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.

[lenoli]

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?

ya, thats one of the main reason but there is another one: all online wallets arenot very safe . we dont recommend  you to put a big amount of money on online wallets. all online wallets are unsafe

[target]

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 hate it because it reveals real names of the user just when you send btc.
I do see its for users going to be involve in money laundering but if you are not going to buy btc with your creditcard or paypal, its not that necessary to use coinbase.

[Lutheriusourexi]

i like coinbase because without fee every send

but much people hate coinbase maybe can't use private key

[BitcoinExpart]

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?

ya, thats one of the main reason but there is another one: all online wallets arenot very safe . we dont recommend  you to put a big amount of money on online wallets. all online wallets are unsafe

Well.Thank for your quick reply.At present I've not associated with other wallet right now.So which wallet do you offer for me to holding some bitcoin or other purpose obviously for safety.

[buxlover]

If you are going to store only few bitcoins then coinbase is good, since no fees for sending your bitcoins above 0.0001, that limit is cool for normal bitcoiners.

As far as safety no web wallets are completely safe, but till now i haven't encountered any issues with the coinbase. And remember coinbase monitors your activity and if you use bitcoins to gamble or trade your account might get banned

i like coinbase because without fee every send

but much people hate coinbase maybe can't use private key

Nope you can have access to your private key by having an account in multisig vault here is the link https://www.coinbase.com/multisig

[lenoli]

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?

ya, thats one of the main reason but there is another one: all online wallets arenot very safe . we dont recommend  you to put a big amount of money on online wallets. all online wallets are unsafe

Well.Thank for your quick reply.At present I've not associated with other wallet right now.So which wallet do you offer for me to holding some bitcoin or other purpose obviously for safety.

bitcoin core is best one to hold some bitcoins, but be carefull and dont forget to remember wallet key. before you decide to make something you must read and understand many things. or you may loose your money

[NewBet]

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?

ya, thats one of the main reason but there is another one: all online wallets arenot very safe . we dont recommend  you to put a big amount of money on online wallets. all online wallets are unsafe

Well.Thank for your quick reply.At present I've not associated with other wallet right now.So which wallet do you offer for me to holding some bitcoin or other purpose obviously for safety.

Why don't you set up Electrum in your dekstop? They can provide the safety to your bitcoin.
If you still want to use online wallet service, make sure you read all the rule and term of service before you using their service , especially coinbase. You will not like it when your account get blocked for violating their rules.

[J Gambler]

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?

It just because in coinbase every time to receive payment from unkown transaction it always generate new wallet address and people might hate that because of newly address appeared once transaction are done and yes the one reason is if coinbase detected that your bitcoin are came from gambling it may cause of your account to be closed.

[Galer]

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?

It just because in coinbase every time to receive payment from unkown transaction it always generate new wallet address and people might hate that because of newly address appeared once transaction are done and yes the one reason is if coinbase detected that your bitcoin are came from gambling it may cause of your account to be closed.

Yeah I agree coinbase is generating new address every successful transaction so for the beginners the confusing or didn't know what is there real address.

[J Gambler]

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?

It just because in coinbase every time to receive payment from unkown transaction it always generate new wallet address and people might hate that because of newly address appeared once transaction are done and yes the one reason is if coinbase detected that your bitcoin are came from gambling it may cause of your account to be closed.

Yeah I agree coinbase is generating new address every successful transaction so for the beginners the confusing or didn't know what is there real address.

Im just using coinbase too when i was a new in bitcoin but i don't like the most in coinbase is like what i've mentioned earlier so i choose bitcoin wallet that really based on my country you know that galer because were both from 1 country its much more better if we use bitcoin wallet that really based on our country right.

[Cereberus]

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.

[equator]

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.

I agree with your 3 points which are really true and correct, but 4th point about hacking if the coinbase site gets hacked then their will be lot of trouble but if a user account gets hacked then its users fault as i am using coinbase for more then 2 yrs and i am utilizing both 2FA security like mobile sms and email verification if i am using from another computer or IP address which is very good which can save my account from hackers as they can hack my email id also but they cannot get inside my mobile number so i like their security system.

[BitcoinExpart]

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.

I agree with your 3 points which are really true and correct, but 4th point about hacking if the coinbase site gets hacked then their will be lot of trouble but if a user account gets hacked then its users fault as i am using coinbase for more then 2 yrs and i am utilizing both 2FA security like mobile sms and email verification if i am using from another computer or IP address which is very good which can save my account from hackers as they can hack my email id also but they cannot get inside my mobile number so i like their security system.

Yes,me too. In coinbase there have a good security that's why I use this system but now I'm really truble for this reason..what happened if my account blocked or banned by coinbase security?

[dollarneed]

I used coinbase when i was newbie, since it's free yeah they"re paying the transactions fee for you, when i saw many cases out there about locked account, being froze and others then i stopped using it i think it's better if you control the private key so no one can't freeze your money whatever you do. This is the one reason why i don't like the coinbase and other reasons some people have mentioned them above.

[BitcoinExpart]

I used coinbase when i was newbie, since it's free yeah they"re paying the transactions fee for you, when i saw many cases out there about locked account, being froze and others then i stopped using it i think it's better if you control the private key so no one can't freeze your money whatever you do. This is the one reason why i don't like the coinbase and other reasons some people have mentioned them above.

Thank you for sharing your point of view why not you like to use coinbase. Must be benefit  from this opinion.

[Tyrantt]

As much as I remember from the earlier talk, security isn't the best. But I, as someone who doesn't store that much of value onto wallet, didn't find that problem to be the big one, tho I'm still on blockcain.info

[European Central Bank]

they have to abide by some very strict rules to keep their bank and regulators happy so that means no gambling, no dark markets, nothing else questionable. that goes against what many people feel bitcoin should be for. if they don't like it then they have plenty of options.

another big reason which doesn't seem to have been mentioned here yet, is coinbase's trash talk about bitcoin's future. they have a problem with the lack of scaling and how it's being addressed and they also embraced ethereum which is a whole lot more slapdash than bitcoin is.

[erikalui]

I use coinbase but the issue you mentioned is not the reason I dislike the wallet. I find they only have trading and withdrawal options for US users and not for other countries. Their PayPal withdrawal as well as bank withdrawal is limited only to US consumers. They need to make these options international so that more users could use their wallet services. Besides this, I am quite happy having an account as it's fast and easy to send/receive money and the transactions too get confirmed within 5 mins.