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Author Topic: Is coinbase really a bad website to make a wallet on?  (Read 2913 times)
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April 04, 2017, 11:44:31 AM
 #61

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.

Just because a wallet is popular doesn't mean its safe and trustable, The best way to determine is by reading peoples reviews or if possible experincing the said wallet yourself . And from what I have read it doesn't have a good reputation because they are very strict in terms of their KYC . The most common problem is locking or frozing an account that is used for gambling . Coinbase is not really for storing cause it is an exchange .

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April 04, 2017, 01:13:41 PM
 #62

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Most popular wallet? Maybe before when people dont have to give their personal information to coinbase and as what said above post, its an exchange and they are not safe to store with. And there's so many issues faced by coinbase users not just from gambling issue but also when there users want to exchange their bitcoin to cash. I read it on bitcoin discussion posted by someone from reddit and coinbase's forum.

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April 04, 2017, 02:00:50 PM
 #63

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Most popular wallet? Maybe before when people dont have to give their personal information to coinbase and as what said above post, its an exchange and they are not safe to store with. And there's so many issues faced by coinbase users not just from gambling issue but also when there users want to exchange their bitcoin to cash. I read it on bitcoin discussion posted by someone from reddit and coinbase's forum.
As far as I am aware the most popular online bitcoin wallet is Blockchain.info with almost 13 million wallets created.
Detailed Stats: https://blockchain.info/charts/my-wallet-n-users Meanwhile Coinbase users - 2,800,000  (data from November 2015)
And I expect that now, when Coinbase is no longer paying for transaction fees they won't be having waves of new wallet users anyway.

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April 05, 2017, 04:36:35 AM
 #64

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.

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April 05, 2017, 04:46:58 AM
 #65

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
Eh, don't say that coinbase is unuseful wallet, they are us based exchangers and they have good security, it's not like that. I agree you that they are very strict and that makes sense that coinbase isn't for simple users, it's mostly for serious people in trading and for them, which are using bitcoin for serious actions, coinbase is different and their main goal isn't anonimity of users.

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April 05, 2017, 05:12:20 AM
 #66

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
Eh, don't say that coinbase is unuseful wallet, they are us based exchangers and they have good security, it's not like that. I agree you that they are very strict and that makes sense that coinbase isn't for simple users, it's mostly for serious people in trading and for them, which are using bitcoin for serious actions, coinbase is different and their main goal isn't anonimity of users.

i feel like you are saying it in reverse!
coinbase is best for "simple users" aka newbies who want to start with bitcoin but prefer something similar to paypal where they create an account and put all their trust in a third party (many average Joes are like this!)
but it is not good for others such as those who want the decentralization of bitcoin or those who are traders. for trading other exchanges are better and cost less.

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April 05, 2017, 05:20:09 AM
 #67

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
If you're concerned with anonymity, don't use Coinbase.
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April 05, 2017, 07:48:14 AM
 #68

Eh, don't say that coinbase is unuseful wallet,
No, I didn't say like that.

they are us based exchangers and they have good security, it's not like that.
I never say Coinbase have bad and horrible security, yet they are very strict regarding the funds.

I agree you that they are very strict and that makes sense that coinbase isn't for simple users, it's mostly for serious people in trading and for them, which are using bitcoin for serious actions, coinbase is different and their main goal isn't anonimity of users.
Honestly, you still have an access to store your bitcoin even you're a newbie until you know you shouldn't store all your money to exchanges and if you're going to buy Bitcoin through Coinbase they will ask you to upload the ID (I'm not sure). If you won't, then don't try to upload.

If you're concerned with anonymity, don't use Coinbase.

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April 05, 2017, 06:01:30 PM
 #69

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
I might be supported this terns and rules. Basically, coinbase known as exchange site, but most of the people like beginner uses this wallet service. Most of them don't aware their rule before using so ultimately affected and create bad imputation against their service.
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April 06, 2017, 01:03:06 PM
 #70

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
I might be supported this terns and rules. Basically, coinbase known as exchange site, but most of the people like beginner uses this wallet service. Most of them don't aware their rule before using so ultimately affected and create bad imputation against their service.
This thing actually happens on most new users out there on coinbase wallet and as you said most of them are newbies or those people dont even bother to read their terms  which is clearly stated that its not suitable or advisable to use it on gambling activities because they will surely block your account.

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April 06, 2017, 09:10:33 PM
 #71

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
Eh, don't say that coinbase is unuseful wallet, they are us based exchangers and they have good security, it's not like that. I agree you that they are very strict and that makes sense that coinbase isn't for simple users, it's mostly for serious people in trading and for them, which are using bitcoin for serious actions, coinbase is different and their main goal isn't anonimity of users.

i feel like you are saying it in reverse!
coinbase is best for "simple users" aka newbies who want to start with bitcoin but prefer something similar to paypal where they create an account and put all their trust in a third party (many average Joes are like this!)
but it is not good for others such as those who want the decentralization of bitcoin or those who are traders. for trading other exchanges are better and cost less.

In simple users I mean people which want to use bitcoin for gambling, buy something and for etc many things without silly limits. Why coinbase cares about bitcoins from gambling website? I can't understand. Also yes, it's something similar of paypal but don't forget that paypal isn't lovely thing for many people, it's good for shopping, not for other reasons because silly freeze of accounts and etc

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April 09, 2017, 01:50:46 AM
 #72

I think no because coinbase is one of the top and most popular wallet aside from blockchain.info. Sometimes there are really errors could happen but the important is they can fix it immediately, we don't know if it is fault of the system or the user. You can trust them because they verify your Identification.
Coinbase is very strict in terms about where the transaction comes for. If from gambling sites highly chances, Coinbase would froze your account and lock your funds because illegal things. Coinbase is an exchanges, so it not safe to store your money to exchanges and especially for large balances.
I might be supported this terns and rules. Basically, coinbase known as exchange site, but most of the people like beginner uses this wallet service. Most of them don't aware their rule before using so ultimately affected and create bad imputation against their service.
That's why you need to research first before using any web wallet if you can't follow the terms and conditions then do not use it. Find other wallet that you have fully control and use t web wallet like coinbase for exchange porpuses only. Frozen account is not only happen in coinbase it's happen In other  web wallet too.


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President79
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April 10, 2017, 08:23:51 AM
 #73

Coinbase is a wallet that I like best, features a simple, fast and free delivery cost, in addition coinbase is very secure wallet, if I had a lot of balance then I move into vault, so that when the transfer of the vault then took a few steps.
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