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Author Topic: Coinabul.com, Legit?  (Read 1123 times)
BitCoinNewGuy (OP)
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June 08, 2013, 03:43:24 PM
Last edit: June 08, 2013, 04:33:19 PM by BitCoinNewGuy
 #1

I want to make an order with Coinabul.com:


Are they legit?  Huh Huh Anyone had any issues? What should I expect?

I live in the United States, and want to pay with BitCoin. I will admit, it is SCARY buying with BitCoin as I can't just call up my credit card company and bitch. Yes, that is right, I want to actually USE my BitCoin for TRADE transactions!

[EDIT] Heard some negative things about them and doesn't seem like there is really any posts about that website in months. This is fucking why BitCoin is a joke currency, it's based on trust. It's like giving someone $500 cash and then him telling you "Wait here! I'll be back in 6 hours with your item" and never returns.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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fourd00rgtz
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June 09, 2013, 12:46:51 AM
 #2

Highly recommend the link in my signature instead. I too have placed many orders with Coinabul in the past. Often the wait was very long and updates/communication quite poor. Numerous people started placing orders at the high of the market and they became quite behind, but I think eventualy everyone got their orders. Has also been a few missing/damaged orders that got some exposure on here, not sure how those worked out. They are in essense just a middle man who take your BTC and then place an order with someone else to send you what you ordered.

Amagi is a brick and mortar store in Denver that started accepting BTC. Much better mix of people/trust and (exept for during the current shortages) inventory.
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June 09, 2013, 12:48:52 AM
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Seen them operating for quite some time, they should be safe, or you will find the Bitcointalk community yelling Scam at them Smiley .
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June 09, 2013, 12:53:12 AM
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https://bitcointalk.org/index.php?topic=152382.0
https://bitcointalk.org/index.php?topic=149253.0
...

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June 09, 2013, 02:32:33 AM
 #5

They have been around for awhile but issues have come up as shown by the posts above.
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June 09, 2013, 02:40:57 AM
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No, they are no longer legit.
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June 11, 2013, 05:04:52 AM
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I can not say if they are 100% legit or not- but I can tell you a bit about my dealings with them:

I ordered a very large amount of silver coins and paid for express next day shipping. It took 23 days to receive my silver coins, and during that time I never received a single email or call from Coinabul regarding the delay. The only contact from them were automated emailed regarding the order- despite me emailing support as well as leaving a voicemail every 7-10 days to see what the delay was about. After several months, I am still attempting to get a refund for the additional cost of express shipping- as it was a service that they clearly failed to provide.

The only positive thing I can say about Coinabul is that the coins were packaged extremely well and they arrived in perfect condition.
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