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Author Topic: Is coinbase really a bad website to make a wallet on?  (Read 2909 times)
jtipt
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January 18, 2017, 01:21:45 PM
 #21

Well, is it? From what I heard they have a credit card issue or something, I can't really remember what. And they're known for stealing bitcoins. If so, what other online wallet should I head into?
Its not a "bad" wallet, its just an exchange wallet which doesn't give you your private keys so its very risky and not recommend to keep large amount of bitcoin on it, they do not steal bitcoin but if they get hacked there is a chance that you lose your bitcoin. Mostly all the negative comment that your see about coinbase is because they don't give private key.

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January 18, 2017, 01:34:29 PM
 #22

Well, is it? From what I heard they have a credit card issue or something, I can't really remember what. And they're known for stealing bitcoins. If so, what other online wallet should I head into?

In the first place, use only web wallets e.g Coinbase for such a service that isn't present in your current wallet provider. Any Web Wallets "are not" designed to be your primary storage for your precious bitcoins. Those issues that Coinbase is handling right now isn't just an instant issue that they created.  They are a registered exchange and facing legal terms so if ever there will be a fraud, they will face the teeth of the law.

Like I said, about your last question, never use online wallet for storage purposes. Just use their services like buying, selling, using it to a merchant etc. as it was more convenient and less hassle way.

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January 18, 2017, 05:53:34 PM
 #23

Actually, Any online wallets are not good when it comes to storing large amounts of bitcoins cause they don't give private keys so its technically not yours and Coinbase is a online wallet or to be exact its an exchange site so if you're planning to store a small amount of coins pick a much better online wallet that is highly reputable and doesn't have any strict rules like coinbase .

And to be cleared coinbase is not really stealing coins, They just have this rules that is more strict than others thats why if you happen to broke it they might freeze your account .


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lOvE mE forEvEr
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February 11, 2017, 11:53:45 PM
 #24

I think not, because coinbase is listed and recommended the site bitcoin.org, many people are satisfied with the coinbase, the thing that I like is this wallet free of charge delivery and acceptance even with small nominal.
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February 11, 2017, 11:59:35 PM
 #25

I think not, because coinbase is listed and recommended the site bitcoin.org, many people are satisfied with the coinbase, the thing that I like is this wallet free of charge delivery and acceptance even with small nominal.
They are worst wallet that i use because i been experience bad like pending issue and not responds in my any reports.. it takes nearly month before they resolve the issue.. so much better to do not use coinbase for large amount of transaction just use it for small amount of transaction if you want still use it..

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February 20, 2017, 02:20:28 AM
 #26

Well, is it? From what I heard they have a credit card issue or something, I can't really remember what. And they're known for stealing bitcoins. If so, what other online wallet should I head into?

I haven't had any bad experience from them as I haven't tried to put any amount on my coinbase wallets but there are some rumors and issues about coinbase especially the same thing that you mentioned which is stealing bitcoins but I don't know if they are actually doing it, try to find more reviews about them outside this as well as the further information regarding to "stealing bitcoin" issue . so far, I usually see them as a recommended wallet to use for aside from blockchain wallet so probably they are not be a bad web wallet I guess .

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February 22, 2017, 03:36:01 PM
 #27

Well, is it? From what I heard they have a credit card issue or something, I can't really remember what. And they're known for stealing bitcoins. If so, what other online wallet should I head into?

I haven't had any bad experience from them as I haven't tried to put any amount on my coinbase wallets but there are some rumors and issues about coinbase especially the same thing that you mentioned which is stealing bitcoins but I don't know if they are actually doing it, try to find more reviews about them outside this as well as the further information regarding to "stealing bitcoin" issue . so far, I usually see them as a recommended wallet to use for aside from blockchain wallet so probably they are not be a bad web wallet I guess .
Same as yours I don't have any problem on using coinbase since I do use two web wallets at the same time for my online transaction and I didn't encounter such stolen bitcoin from coinbase. Price of bitcoin does fluctuates or inflates which really affects the total amount on your wallet.

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February 23, 2017, 11:52:21 AM
 #28

Coinbase usually block accounts, to me this is a no way to trade there sign, for our privacy and fund security, I would never use their services.
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February 24, 2017, 04:24:01 AM
 #29

Coinbase usually block accounts, to me this is a no way to trade there sign, for our privacy and fund security, I would never use their services.

Coinbase is my main wallet. I've never experienced the my account blocked, until now I have been using coinbase for about 2 years, all of them no problem. I think if you are blocked, of course their have compelling reasons, if you are sure there are problematic could contact their servicing contacts.
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February 27, 2017, 06:51:12 PM
 #30

The thoughts about Coinbase are lately very divided amou the users. Some are still satisfied with their service, some are seriously complaining because of bad customer service, account blocking and similar. To my opinion Coinbase is still reliable and legitimate service but due to some regulations they have changed some rules and their policy and that affects their users too.

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March 05, 2017, 07:03:40 PM
 #31

Well, is it? From what I heard they have a credit card issue or something, I can't really remember what. And they're known for stealing bitcoins. If so, what other online wallet should I head into?
Blockchain.info will not steal your coins because they have no acces to your funds. A lot of people recomend this one, have a lot of security measures.

I prefer to live a day like a wolf than a hundred years as a lamb.

BUY / SELL bitcoins  --->  https://bit2me.com/?r=ryOV8xZNb
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March 05, 2017, 07:12:18 PM
 #32

The thoughts about Coinbase are lately very divided amou the users. Some are still satisfied with their service, some are seriously complaining because of bad customer service, account blocking and similar. To my opinion Coinbase is still reliable and legitimate service but due to some regulations they have changed some rules and their policy and that affects their users too.
Coinbase right now still alive and i think they are still good choice if we are need to receive and send small amount of payment for daily use.coinbase is a good choice. but these few days ago that experience some  of my pc or laptop in delay sending paymentand they are fix the issue of every coinbase member about their bitcoin.

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March 05, 2017, 07:15:01 PM
 #33

Coinbase right now still alive and i think they are still good choice if we are need to receive and send small amount of payment for daily use.coinbase is a good choice. but these few days ago that experience some  of my pc or laptop in delay sending paymentand they are fix the issue of every coinbase member about their bitcoin.

Delayed paymeny meaning the transaction confirmation? If Coinbase gives the tx id right away, then it's not there fault if the transaction is low or delayed. Bitcoin network is congested already.

Just noticed that my multiple today's transaction in Coinbase was done in a smooth process unlike in the past days where confirmation really takes time even at 1 although same fees are being used at all of my inputs.

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March 11, 2017, 10:58:27 AM
 #34

Well, is it? From what I heard they have a credit card issue or something, I can't really remember what. And they're known for stealing bitcoins. If so, what other online wallet should I head into?
Yes don't use it, they have control of your money, use blockchain.info instead.

I prefer to live a day like a wolf than a hundred years as a lamb.

BUY / SELL bitcoins  --->  https://bit2me.com/?r=ryOV8xZNb
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March 13, 2017, 09:04:01 AM
 #35

Well, is it? From what I heard they have a credit card issue or something, I can't really remember what. And they're known for stealing bitcoins. If so, what other online wallet should I head into?
Yes don't use it, they have control of your money, use blockchain.info instead.

Everything does not guarantee, I use a coinbase 2 years and never experienced any problems. I'm sure coinbase is one good wallet because the recommended site: https://bitcoin.org/. Surely they have a compelling reason to recommend coinbase.
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March 13, 2017, 12:41:52 PM
 #36

Well, is it? From what I heard they have a credit card issue or something, I can't really remember what. And they're known for stealing bitcoins. If so, what other online wallet should I head into?
If you like being subject of extensive KYC/AML policies, ridiculous ToS (don't try to touch any gambling service with Coinbase, your account will be suspended).
Coinbase is one of the most restrictive online wallet services I know, but if you are fine with that - and if you like their feature of fee-less transactions, be my guest and use their service.
Just use any serious SPV wallet instead: Electrum or Multibit HD.


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Vivace92
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March 16, 2017, 08:16:08 AM
 #37

Well, is it? From what I heard they have a credit card issue or something, I can't really remember what. And they're known for stealing bitcoins. If so, what other online wallet should I head into?
Yes don't use it, they have control of your money, use blockchain.info instead.

Everything does not guarantee, I use a coinbase 2 years and never experienced any problems. I'm sure coinbase is one good wallet because the recommended site: https://bitcoin.org/. Surely they have a compelling reason to recommend coinbase.
Yeah right, we have to be realistic. No wallet is perfect, but when some people complain of course the best way is she/he contact with coinbase official, If all the rules we obey, surely we will not find the problem.
Bibite
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March 16, 2017, 05:12:49 PM
 #38

Coinbase is not so bad as the negative comments about it let's make you think. The problem comes from people not reading theirs TOS, and violate them. Or when they want to buy and or sell with Coinbase, Since Coinbase is very stricts with regualtions and laws, It's lead to some problems for some people,
tiggytomb
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March 16, 2017, 05:30:26 PM
 #39

Coinbase is okay as an online wallet, if you are using it to store a lot of bitcoins this would be a bad move, they could freeze your account to investigate whether the coins are in violation of their terms such as gambling.

As suggested using your own wallet is safest.

xypos
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March 17, 2017, 02:55:52 AM
 #40

Well, is it? From what I heard they have a credit card issue or something, I can't really remember what. And they're known for stealing bitcoins. If so, what other online wallet should I head into?

It is not.

However, it is not the best either.

If you look at coinbase, you won't get much functionality without having to verify your identity, attaching a bank account or a credit card to the account, which is something that bitcoin is against in the first place.

The only thing you can do without being ID verified, which could take days to complete, is to receive and send bitcoin or ethereum.

Coinbase is known for locking accounts that are associated dark markets and gambling and they have seized funds and provided information to the government. When you can just hold your own coins in a private key that you own, why not just do that?














 

 

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