Why people don't like coinbase?

[LTU_btc]

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.

I'm using Coinbase wallet for almost 2 years and I have only one address on this wallet. My address never changed.

[saiha]

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.

For sure that base on the experience of other people like this one https://bitcointalk.org/index.php?topic=1651233.20 his coinbase account was hacked.

I don't know if those people are just negligent for their own accounts or does the support of coinbase has something to do with its security.

But for me, I don't have any other reason. I just don't like coinbase.

[Fatamorgana]

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.

Not perfect wallet in the world, if we like a wallet maybe some peoples don't like. As my experience using coinbase I never got the problem and my bitcoin is safe. If my balance is more 1 btc, I use vault option.

[marjod]

Coinbase is, in my opinion, a good solution if you start on the bitcoin world. Wallet is set up fast and you can start doing transactions simply.
However, on a long-term perspective, I think it is better to move to an other solution such as desktop or paper wallets because of security concerns.

Besides a desktop wallet, I have a Coinbase wallet with few bucks on it which I use for day-to-day spending.
It is more convenient for me because transactions are fast and you don't have to pay fees.

[Hazir]

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.

Not perfect wallet in the world, if we like a wallet maybe some peoples don't like. As my experience using coinbase I never got the problem and my bitcoin is safe. If my balance is more 1 btc, I use vault option.

Fast question for you, do you have copy of your private keys on your local machine? Because only if you have it you can say that your coins are safe.
I just want to add that Bitfinex prior to their hack was using multi-signature wallets, vaults and probably other advanced form of security. They still failed.

[Robertqueen2]

Coinbase act like online banks in restricting some countries and freezing accounts, while Bitcoin has been created to make everyone capable of using it wherever he is, therefore Blockchain wallet has more popularity and more users, I personally prefer Blockchain wallet.

[ivanst776]

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 don't think that people hate too much coinbase because coinbase is one of the easiest way to obtain a bitcoin address and be able to spend them within short period of time without fees.

There are some limits on trading there and maybe people don't like this, also coinbase does not work everywhere and not all traders can trade there because of these restrictions.

[garmerys]

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

Yes, it is simply  because they are too strict in the way they do things with customers. If you want to use coinbase you really need to get ready to face very rigid terms of service and if you cannot accept it then the service is not for you.

[Oilacris]

I dont   know  why  people  do  hate  coinbase  on  some  reasons  but   for me  they  have a good service and  its  very user friendly and    you could actually  make   transactions  with  ease  and   they  do  have  free of charge  on transferring  some  bitcoins to  another wallet  but  you must expect that the  transfer  or confirmation times  would  really longer though. All web wallets do have risk   on  lossing all your bitcoin on  it because  you dont posses   ts private keys. Thats why we should   only put up  small amounts of bitcoins  on  our web wallets.

[Yuuto]

Well for a number of reasons, one they are known to freeze your account without giving any proof of what happened, especially after you use a gambling account to withdraw or deposit to. They are also known to seize coins that are associated with the dark web.

[superiorus]

Coinbase is one of the top (top 3 in my opinion) online wallets.
Now they released a new version with more features and better security.
I use the wallet for more than 2.5 years, also I'm using their API's (both 1 and 2 version) and all working fine.
I made some transactions (that mean over 100 btc total) and never had a problem.
The account is full verified (verified documents, credit card and bank account added.) I like that I can buy bitcoins with 2 clicks and withdraw directly to my bank account (and there is a fee of just 0.15 cents) no matter how big is the amount.
People say: we don't trust online wallets.  Yeah ..if you are so paranoic, why you trust Gmail or Facebook for example?

[imposter69]

i never like web wallet service, high risk to safe my bitcoin i just like wallet run on my devices

[StarofBTC]

i never like web wallet service, high risk to safe my bitcoin i just like wallet run on my devices

But coinbase has high reputation among crypto users, so the risks will be very minimal (still there but in low percentage when compared to other providers). People are discussing here why they hate/like coinbase but you are sharing like you hate all online wallets. That is really good and very conscious measurement to secure your bitcoins all the times.

[Cereberus]

i never like web wallet service, high risk to safe my bitcoin i just like wallet run on my devices

But coinbase has high reputation among crypto users, so the risks will be very minimal (still there but in low percentage when compared to other providers). People are discussing here why they hate/like coinbase but you are sharing like you hate all online wallets. That is really good and very conscious measurement to secure your bitcoins all the times.

Coinbase is only good for US citizens who provides them every single detail and then they can buy bitcoins directly there with the credit card. The smallest error you make there and boom account closed. This is the main reason why people hat coinbase. If I were a US citizen I would use it only to buy bitcoins with credit card and immediately after transfer to my wallet, this way I would make good use of it.

But in general web wallets especially one like Coinbase in which you don't own the private keys is the worst choice to store your coins.

[superiorus]

Coinbase is only good for US citizens who provides them every single detail and then they can buy bitcoins directly there with the credit card.

Not only dor US citizens.
I'm in Europe, I use Coinbase tu buy/sell bitcoins using my credit card and my bank account, and I dont have any problem with them.
The people wich don't like Coinbase are those who think they can be "anonymous" and they refuse to provide documents for verification (national ID, proof of address, bank statement, etc).
It is normal that if you want to buy bitcoins with 2 clicks using your credit card to prove that you own that card.

[Dassi]

I like coinbase and the fact that you don't pay fees. It would have been my main account if not for the series of hacking incidents we've been having in crypto-world.

[talkbitcoin]

i don't think anyone apart from their competition dislikes coinbase. it actually is a good service and i believe that it and also others like circle are a helpful thing to have especially for newbies who want to start using bitcoin.

the only thing that people say against coinbase and service like that is that you shouldn't use them as your primary bitcoin wallet because first it is online and second it is a third party who controls the private keys.

[LTU_btc]

Coinbase is only good for US citizens who provides them every single detail and then they can buy bitcoins directly there with the credit card.

Not only dor US citizens.
I'm in Europe, I use Coinbase tu buy/sell bitcoins using my credit card and my bank account, and I dont have any problem with them.
The people wich don't like Coinbase are those who think they can be "anonymous" and they refuse to provide documents for verification (national ID, proof of address, bank statement, etc).
It is normal that if you want to buy bitcoins with 2 clicks using your credit card to prove that you own that card.

You're lucky, because I also live in Europe, but in my country it's not available to buy/sell bitcoins on Coinbase.
And I can understand why people don't like Coinbase. They want to make bitcoin into centralized currency. Coinbase is like a bank. And they can ban user for bitcoins for gambling. Mostly bitcoin users hate regulations and want privacy.

[john2231]

Coinbase is only good for US citizens who provides them every single detail and then they can buy bitcoins directly there with the credit card.

Not only dor US citizens.
I'm in Europe, I use Coinbase tu buy/sell bitcoins using my credit card and my bank account, and I dont have any problem with them.
The people wich don't like Coinbase are those who think they can be "anonymous" and they refuse to provide documents for verification (national ID, proof of address, bank statement, etc).
It is normal that if you want to buy bitcoins with 2 clicks using your credit card to prove that you own that card.

You're lucky, because I also live in Europe, but in my country it's not available to buy/sell bitcoins on Coinbase.
And I can understand why people don't like Coinbase. They want to make bitcoin into centralized currency. Coinbase is like a bank. And they can ban user for bitcoins for gambling. Mostly bitcoin users hate regulations and want privacy.

I think this is not the reason from other members like i dont like coinbase because of its online and we dont know how long it will live. and i already experience of pending few months ago it takes too much time to fix my transaction before..

[Superzpay]

People like coinbase but only those who do not gamble while those people who gamble do not like and use coinbase because coinbase block all of those accounts with them which they feel that they are used for gambling and before that ban everyone was happy with coinbase and everyone was suggesting that on this forum but now its name reduced much at here.