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Author Topic: High risk to Coinbase- wtf  (Read 3305 times)
Balls_on
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July 12, 2013, 03:45:51 AM
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I know this has been covered over and over again but I too am now part of the club that coinbase has cancelled on.  I received my notice today despite my funds clearing my bank account two days ago.   When I asked why, they would not give me a reason other than to tell me I'm now white listed and it wont happen again.  I'm guessing they're hedging or trading reserves despite what they say.  I bet this would not have happened of the value of btc went down.

What's ironic is that even before this first transaction I got a notice that they increased my transaction limit. 

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IkotuYankinov
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July 12, 2013, 04:00:06 AM
 #2

I had one cancelled on me yesterday I was in that "waiting period" and they moved in on my bank three days before they normally would I had 10 coins at 66.25USD. I was like minutes short of having a funds transfer hit a real pisser Angry
TradeFortress 🏕
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July 12, 2013, 04:27:12 AM
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It is obvious that they make the bulk of their money from playing the markets. Stop using Coinbase and stop supporting businesses with shady models.
Balls_on
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July 12, 2013, 06:36:44 AM
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I just can't stand the way they market themselves and how I was a sucker for it.  I hope the word gets out and they fail miserably.
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July 12, 2013, 05:43:55 PM
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I know this has been covered over and over again but I too am now part of the club that coinbase has cancelled on.  I received my notice today despite my funds clearing my bank account two days ago.   When I asked why, they would not give me a reason other than to tell me I'm now white listed and it wont happen again.  I'm guessing they're hedging or trading reserves despite what they say.  I bet this would not have happened of the value of btc went down.

What's ironic is that even before this first transaction I got a notice that they increased my transaction limit. 



You can a give us a try. 5-15min verification. After that nearly instant delivery of bitcoins!
sifuhall
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July 12, 2013, 05:51:45 PM
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Wow.  I use Coinbase as well.

Maybe I should look somewhere else.
medinscot
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July 12, 2013, 06:13:16 PM
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They have recently announced "instant" buy, if you can get pass their verification process.
Fonzy
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July 12, 2013, 07:09:22 PM
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Hmmmm, I wondered about coinbase when I first discovered them. I ordered a measly 0.5 BTC on Wednesday and was surprised to find out it would take nearly a week to get it. I don't understand why I have to wait so long after I've gone through the process of verifying my account with them.

Couldn't upgrade to level 2 for the "instant by" after trying to verify for that process. I guess I'm not who I say I am  Huh  maybe they're getting swamped with requests for this new feature! It did they that they downgraded those who were already at level 2.
go4gonzo
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July 12, 2013, 10:53:19 PM
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I received the "Instant Buy" Shocked email a couple of days ago, and completed the verification on my lunch break this afternoon.  I'm going to test it and see if I can truly instantly buy BTC. I'll update my post with the results.  Cool
aigeezer
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July 12, 2013, 11:07:19 PM
 #10

I had not heard about problems with Coinbase. I've used it a few times to pay for Humble Bundle offerings - generally smooth transactions. We're talking about coinbase dot com, I assume.

Good luck with your various issues. I'll follow the thread with interest.
Balls_on
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July 13, 2013, 02:55:33 AM
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You should read the threads regarding disappearing trades. 
Most interesting is the address listed on the BBB website, which is an apartment in San Francisco.  This is probably a marketing move to make them look like a sophisticated startup in Silicon Valley:
http://www.bbb.org/oregon/business-reviews/currency-exchange/coinbase-in-san-francisco-ca-22781758
go4gonzo
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July 13, 2013, 03:04:58 AM
 #12

I received the "Instant Buy" Shocked email a couple of days ago, and completed the verification on my lunch break this afternoon.  I'm going to test it and see if I can truly instantly buy BTC. I'll update my post with the results.  Cool

I bought .5 BTC and it was instantly in my account. So it does work.
katutidi
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July 13, 2013, 03:09:48 AM
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For some it works, for others it does not I think
smithd98@gmail.com
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September 08, 2013, 01:54:05 PM
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I've done about 150 or so transactions with them over the past two months. I've had issues with 2 transactions being delayed (one four hours and one is going on 3.5 days now) and I have an open question regarding a discrepancy in my account balance that may be my issue or theirs, not sure.

I've probably opened 10 or so issues / feature requests with them. Their support seems to respond in 3 days to two weeks. Their ticket system makes it hard for me to look at my open tickets. I have to search through emails so these are estimates.
ReBoRn
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September 08, 2013, 02:12:42 PM
 #15

I am thinking about to use COINBASE and now these speculations happening so I have to think about that now search any other site for me  Shocked

Anon135246
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September 08, 2013, 02:16:46 PM
 #16

I use inputs.io for all my transactions. Never had any problem with it.
ReBoRn
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September 08, 2013, 02:18:57 PM
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I use inputs.io for all my transactions. Never had any problem with it.

OK thanks for suggestion I will check this and if its suits me then use this

antiycda
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September 08, 2013, 03:33:06 PM
 #18

i just use their Wallet to receive bitcoin payment

paullinator
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September 08, 2013, 03:45:52 PM
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I've been using their instant buy feature ever since it came out. I've done over a dozen trades with no problem although I did have a purchase get reversed after a few days once. It was using a 2nd, new bank account that I had just added. It's been awesome otherwise. I wish their 1% fee was lower but that's the price you pay for the convenience of not having to wire money.
horsea
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September 08, 2013, 04:08:11 PM
 #20

really?
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