Do NOT use Coinbase or Gdax, here is why.

[prouser101]

I am new to this board, and would like to share my experience with the rest of you. So last week I deposited a large sum of money into my Gdax account, which is a sister company of coinbase. I used their wire method (fastest way to deposit large sums), on their website it says that the money will be in my trading account by the end of the day if sent before 1pm. Long story short, it has now been 6 days. There is no money in my account and no replies to any of my emails or tickets opened with coinbase. This has resulted in me losing thousands of dollars, because the price of ETH has jumped in the last week by almost 40%.

I wish I found this forum first and did my research before sending to a company like COINBASE with NON EXISTENT customer service. Now my money is being held hostage and I continue to be at the mercy of this company and whenever they decide to either reply to my emails or to fund my account.

So my advice, if you want to get into the crypto and start making money find a different exchange while coinbase gets it together because you will be waiting and wont be able to buy or sell anything.

[Cryptology]

You should expect that kind of behavior from most if not all exchanges. Recalling bank transfers has been one of the most popular scamming tricks since the beginning of bitcoin trading. Therefore an exchange will conduct their due diligence when receiving a wire from a new client / bank account particularly if it is a big sum.

[SONG GEET]

Coinbase is registered in USA that simply means all of your transactions will be monitored and talking about bank wire deposit it is one of the slow method of deposit and if you use it to deposit large sum of fiats, you might have to go through long legal procedure to get your money back.

[prouser101]

Coinbase is registered in USA that simply means all of your transactions will be monitored and talking about bank wire deposit it is one of the slow method of deposit and if you use it to deposit large sum of fiats, you might have to go through long legal procedure to get your money back.

Wow! I really hope it doesn't get to that