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Author Topic: Why do so many people hate Coinbase?  (Read 3759 times)
maxxdxx
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January 27, 2017, 03:57:15 AM
 #81

Because it's their customer support is poor. They can't afford enough customer service or something. They've always seemed to have difficulty working on the tickets they get.
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January 27, 2017, 04:06:38 AM
 #82

Ok, no one seems to be able to answer my question - all I'm reading are stories about "i heard rumours"...."because people say"...these aren't reasons, they're here-say.

Here's the real reason people don't like Coinbase: It's a United States company.

All the negative reasons I'm here can be linked back to the US Federal laws. Coinbase doesn't want to make it a greater hassle for you to bank with them! They don't want to track every detail of your identity! They don't want to strip you of your anonymity!

They have to because they're based out of the US. And the laws in the US are more strict than in other countries. It's that simple.

Ok, I hear a lot of negative stories but everyone seems to be referencing other people's stories?

So...a few questions for all of you skeptical of Coinbase:

  • Have any of you personally had your accounts frozen or cleaned out or closed by Coinbase?
  • Is the Coinbase Vault any good?
  • What about Circle - just as bad or much better than Coinbase?
I personally haven't had any of those things happen to me, but that is because I moved away from Coinbase a long time ago. However, there have been some stories where those sort of things have happened to other people.

Windpower, Circle is the exact same thing as Coinbase, however it's based out of a different US city. (And will ultimately be subjected to the same Federal regulation that Coinbase is being subjected to.)

I have never even heard of circle, it doesn't seem to good so I would say that Coinbase is better.

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January 27, 2017, 04:13:58 AM
 #83

I finally closed my account there customer service is terrible, they take forever to respond... and when u even send live chat they pretend like there there
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January 27, 2017, 04:21:41 AM
 #84

Because it's their customer support is poor. They can't afford enough customer service or something. They've always seemed to have difficulty working on the tickets they get.
I think not.
I don't think it all, I like the coinbase wallet and still I use. Coinbase is a wallet that I use other than blockchain. A nice feature and now there's been a wallet for etherium, I'll keep coinbase because sending and receiving free coins.
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January 27, 2017, 05:35:35 AM
 #85

Not really, although coinbase didn't supporting buy and sell in my country. i am still using it until now. so far. enjoying low fees (i know it will going slowly transfer) they are offered based on bitcoin transfer.

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January 27, 2017, 05:45:53 AM
 #86

I did not really hate coinbase but my friend really hates it.  hey bought bitcoin from coinbase but that time there were some error in coinbase. My friend purchase wasnt successful and I think my friends money has been hi-jacked. There were some issues like my friend , Until now the bitcoin that supposed to be his is now wasn't in his hand


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January 27, 2017, 05:47:27 AM
 #87

So they are free or very low on fees? never had the pleasure working with them but seems like federal government is bullying them to take control over the clients information, lol I think the masters of our world are slowly realizing that they don't have any control regarding usage of bitcoin.
Things like this makes me to believe more in satoshi's vision.


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January 27, 2017, 05:50:32 AM
 #88

The transaction fees are way higher than other exchanges. The other thing is many get banned because of using it for gambling purposes which is at their rules to not do it. Problem is they didnt read first the terms of agreement. Actually we can send money for gambling just dont abuse it or you will certainly lose your account.

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January 27, 2017, 06:29:22 AM
 #89

So they are free or very low on fees? never had the pleasure working with them but seems like federal government is bullying them to take control over the clients information, lol I think the masters of our world are slowly realizing that they don't have any control regarding usage of bitcoin.
Things like this makes me to believe more in satoshi's vision.
yeaaa they want to rule the US bitcoin user through coinbase , unfortunately they failed.
then they just devastate coinbase rules without having rule its user to comply with the law that they have created.
so far the government seemslike tired and just let coinbase broken.

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January 27, 2017, 06:34:56 AM
 #90

Same as yours i didnt have any problems on coinbase infact imve been using it for how many months now and i dont experience problems at all.Maybe there would be small bugs or technical troubles which i didnt know and maybe those person who hates it are those who live on us because of the restriction that have been given.

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January 27, 2017, 07:59:53 AM
 #91

I am not sure as I don’t usually trade using coinbase but from the experiences of other coinbase users from this community, I think that coinbase is trying to control the spending of the users. They don’t want us to spend or send bitcoins in the areas which are beyond their permission and they simply close the account if we try to do the transactions which are prohibited from doing. I think they do not want to meet any legal trouble because of any unusual transaction.

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January 27, 2017, 08:19:18 AM
 #92

Same as yours i didnt have any problems on coinbase infact imve been using it for how many months now and i dont experience problems at all.Maybe there would be small bugs or technical troubles which i didnt know and maybe those person who hates it are those who live on us because of the restriction that have been given.

Actually I also confuse, coinbase is the first wallet I had, and i keep on using it until now, I think it got a good security and protection, many people said that coinbase was stealing money, their fund suddenly disappear and seems like the customer support also can't give any solution to that people, maybe that is the reason coinbase is label as a scam site

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January 27, 2017, 08:22:02 AM
 #93

I've never had a problem with them from buying with them through the years and don't really see the source of all the hate for the company. Could anyone go ahead and provide some insight into why people hate it?

Thanks.

I tried to signed in coinsbase but when it is done, this exchange is not affiliated in most country, only few countries. therefore my country is not consider to their site. So I found out its not good anyway,


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January 27, 2017, 08:28:13 AM
 #94

I've never had a problem with them from buying with them through the years and don't really see the source of all the hate for the company. Could anyone go ahead and provide some insight into why people hate it?

Thanks.

I tried to signed in coinsbase but when it is done, this exchange is not affiliated in most country, only few countries. therefore my country is not consider to their site. So I found out its not good anyway,


It is not necessary that Coinbase must have buy/sell support in your country before You can sign up to use the wallet. Even If Buy/Sell was enabled in your country, I'm certain you won't use it because The buy rates might be slightly higher than normal rates. Aside Buy/Sell support, Coinbase offers the basic necessity of a bitcoin wallet including — A bitcoin wallet for storing Btc, Send/Receive option & additional security via 2 Factor Auth.


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January 27, 2017, 10:44:43 AM
 #95

Because it's their customer support is poor. They can't afford enough customer service or something. They've always seemed to have difficulty working on the tickets they get.

And that is major thing people dont actually hate Coinbase, its their services that is being hated. One thing that is being paramount in the soul of business is never for whatever reason lose touch with the clients because the moment that is happening, then that is the beginning of the end and immediately this is happening and nothing is being done or what is being done is not enough to arrest the declining situation.

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January 27, 2017, 05:41:38 PM
 #96

Coinbase is only for murricans and murricans have stopped using Bitcoin as much as they did when it was new and trendy, edgy, cool. Face it, Bitcoin became popular because young murricans were using Silk Road to have the USPS ship drugs to them. With Silk Road gone and the replacements being LEO traps or scammers the murricans have less use for Bitcoin. It's ok though because we still have the Chinese day traders keeping Bitcoin moving up. Coinbase should be failing without enough murricans that want bitcoin.

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January 27, 2017, 05:57:40 PM
 #97

i don't said any thing about it because i never use it but i think no other coin or cryptocurrency is better than bitcoin..... i think it is the best , most used and most popular currency online and it is gaining popularity day by day so if you compare it with bitcoin i think bitcoin is way better than it or any other ........

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January 27, 2017, 05:58:00 PM
 #98

Coinbase should be failing without enough murricans that want bitcoin.
Coinbase failed because when their users make a trade, and three days later a big gain on exchange rate, Coinbase produces and 'error' that reverses the trade.  Total dishonesty.  Why the fuck would anyone use Coinbase?  It is just another scam.  A trade is a trade.  The deal is done.  If there is an 'error' then it is Coinbases' loss not the client.  They have a different strategy and theirs produces huge profits for their own pockets at the expense of their customers.  Stealing your customer's money through trickery isn't such a clever business plan.  This only happened to me once.  About $200 lost.  Stealing $200 puts you out of business.  Bye, bye Coinbase.  Stupid fuckers.

Fire the employees, clean up the shop, turn out the lights.  That shit is over.  No faith in the community, no business.  

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January 27, 2017, 06:42:23 PM
 #99

I've never had a problem with them from buying with them through the years and don't really see the source of all the hate for the company. Could anyone go ahead and provide some insight into why people hate it?

Thanks.

I tried to signed in coinsbase but when it is done, this exchange is not affiliated in most country, only few countries. therefore my country is not consider to their site. So I found out its not good anyway,

I don't hate Coinbase, but yeah I came across with issues, which were sometimes annoying. Like high fees, and mostly because it doesn't supports local transaction in my country, so I face some issues.

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January 28, 2017, 03:55:42 AM
 #100

There are several issues with Coinbase which are apparently unsolved. In general, Bitcoin is created for the anonymity and it is wrong to open a third party company which holds Bitcoin for users. Many Bitcoin experts do not like or support this idea although that Coinbase is getting stronger every day. Moreover, Coinbase does not allow users to gamble or involve in any gambling activities and they will immediately close your account if you are found breaking the rule for several times

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Worldcore
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