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Author Topic: [2017-07-31] Mass Exodus from Coinbase Spawns 12 Hour Bitcoin Withdrawal Delays  (Read 2288 times)
tyz
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July 31, 2017, 05:32:37 PM
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Mass Exodus from Coinbase Spawns 12 Hour Bitcoin Withdrawal Delays

Coinbase users are moving their funds to wallets and exchanges where they will be credited for Bitcoin Cash (BCC ) tokens, causing delays in Bitcoin withdrawals from the exchange.

Coinbase, the world’s largest (and often highest-rated) Bitcoin exchange, has made it clear that they will not honor the new Bitcoin Cash (BCC) token created by the Bitcoin blockchain split set to occur on August 1.

http://bitcoinist.com/mass-exodus-from-coinbase-spawns-12hour-bitcoin-withdrawal-delays/

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July 31, 2017, 07:16:59 PM
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This will not be the first time Coinbase has failed it's customers. In the most critical times their systems crash and people miss

out on opportunities. This is one of the reasons why I hate third party services and prefer to deal with people directly. We

should either stop using these services or continue using them, but only for Fiat conversion. Trade bitcoins directly and not

through third party intermediaries.  Roll Eyes

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July 31, 2017, 07:22:50 PM
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This will not be the first time Coinbase has failed it's customers. In the most critical times their systems crash and people miss

out on opportunities. This is one of the reasons why I hate third party services and prefer to deal with people directly. We

should either stop using these services or continue using them, but only for Fiat conversion. Trade bitcoins directly and not

through third party intermediaries.  Roll Eyes
What other options are there? Especially if you want to trade on a decent platform such as GDAX there is really no substitute. ShapeShift is really the only other decent  have seen and they are for small volumes. Sure cold storage is great if you just want to old on to them but you can not trade or increase your holdings very well that way. Coinbase should probably have seen this coming and somehow accounted for it.. but then again maybe that would have exposed something, maybe they are covering up a hack? Who knows.

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