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Franktank (OP)
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July 16, 2013, 02:58:48 PM |
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Would like to garner some feedback with their new feature. Now that you get your Bitcoins "immediately," will you use them?Have you purchased coins from them post-July 11 (as a Lvl 2 user)? There are some that intensely dislike the identity verification process but it does open Bitcoin to the general public. Thoughts?
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zeroblock
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July 16, 2013, 04:23:28 PM |
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I think its a fantastic addition to what Coinbase already has.... why do we need Bitinstant anymore?
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arbitrage001
Legendary
 Offline
Activity: 1067
Merit: 1000
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July 16, 2013, 04:36:07 PM
Last edit: July 17, 2013, 06:00:25 AM by arbitrage001 |
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Fee is high on Coinbase and it's price is not favorable when buying compare to bitstamp.
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Franktank (OP)
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July 17, 2013, 02:18:40 AM |
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Coinbase isn't meant for the day trader (unless you have multiple accounts). As a verified Level 2 user, you have the option for cashing out a modest sum of Bitcoins. The 1% "high fee" trade off is not dealing with wires.
If you consider yourself a "power user," check out other exchanges but Coinbase does a good job of opening Bitcoins to casual users.
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joesmoe2012
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July 17, 2013, 09:34:34 AM |
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Coinbase isn't meant for the day trader (unless you have multiple accounts). As a verified Level 2 user, you have the option for cashing out a modest sum of Bitcoins. The 1% "high fee" trade off is not dealing with wires.
If you consider yourself a "power user," check out other exchanges but Coinbase does a good job of opening Bitcoins to casual users.
This i agree with, it does make it easy (albeit expensie) for normal users. Is one permitted multiple accounts with coinbase? |
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timmybray
Newbie
Offline
Activity: 33
Merit: 0
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July 17, 2013, 12:00:45 PM |
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Didn't work for me. Became lvl2 verified but the transaction was pending for almost a day, and then cancelled due to "high risk".
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krudkeeper
Full Member
Offline
Activity: 182
Merit: 100
Hodl regularly and often!
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July 19, 2013, 04:59:55 PM |
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id sucks
My account has been hacked. This is not me commenting. admin please reset my password and email it to me. thank you. |
🆙
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filharvey
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July 19, 2013, 06:11:28 PM |
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just got level 2 status, and tried it. The purchase happened within 5 mins, and I was able to transfer out.
Phil
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KingOfSports
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July 19, 2013, 07:17:04 PM |
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I love it personally, I've bought about 15 coins so far and had no problem with it. It doesn't IMMEDIATELY transfer out of your account, takes about an hour before sent out from my experiences so far with the instant purchase. Money was taken out 2 days later as usual.
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danieldaniel
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July 19, 2013, 08:29:02 PM |
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I love it personally, I've bought about 15 coins so far and had no problem with it. It doesn't IMMEDIATELY transfer out of your account, takes about an hour before sent out from my experiences so far with the instant purchase. Money was taken out 2 days later as usual.
They're fixing this now, apparently (the hour delay)... I just asked a guy in #coinbase and he manually processed it for me and told me he'd fix it. Apart from that, though, it is *THE* fastest and most convenient way to buy Bitcoins. And, apparently, only 7% of the coins are in a hot wallet, and they have more than enough cash to cover that (if it gets hacked). I'd venture (hah, get it? Because venture capital?) to say that it's the most secure, too. |
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krudkeeper
Full Member
Offline
Activity: 182
Merit: 100
Hodl regularly and often!
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July 19, 2013, 10:21:23 PM |
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id sucks
My account has been hacked. This is not me commenting. admin please reset my password and email it to me. thank you.All is well for the moment now. I agree, Coinbase is a great place and ID is a good thing. |
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Snipa
Newbie
Offline
Activity: 11
Merit: 0
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July 20, 2013, 12:03:27 AM |
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Verified up, happy to use it, great way to order BTC for my friends who got locked out when bitinstant went down. They xfer money to me, I order the coins right into their wallet.
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CurbsideProphet
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July 20, 2013, 12:12:42 AM |
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Didn't work for me. Became lvl2 verified but the transaction was pending for almost a day, and then cancelled due to "high risk".
Did they give you a reason or say they would manually whitelist you? Still can't figure out what their criteria is for high risk. |
1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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BayAreaCoins
Legendary
Offline
Activity: 3920
Merit: 1247
Owner at AltQuick.com & FreeBitcoins.com
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July 20, 2013, 12:54:21 AM
Last edit: July 20, 2013, 01:17:57 AM by BayAreaCoins |
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I made a instant transfer, but I used the wrong account. In result my 15BTC was canceled. I had 7BTC in my account (which Coinbase took back.) They sent me a e-mail saying I am responsible for sending the remaining 8BTC. I am going to of course, but what happens if I didn't.... Coinbase is not a licensed Money transfer business to the best of my knowledge so I just can't see them taking anything to court.
Seems strange. If I would have lost my BTC gambling I would be SOL seeing that Coinbase only offered me to pay them back in BTC not cash.
Also why is coinbase $5.00 under MTgox? I thought it was pegged
Edit:
Or starting on a Thursday purchasing 50BTC through Sunday because the ACH wouldn't show returned until Monday. Causing coinbase a lose of 200BTC.
It just seems so weird to me...
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redwraith
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July 20, 2013, 02:48:52 AM |
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LOVE the instant transaction. I have done it twice and had access to the coins within 5 minutes...
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krudkeeper
Full Member
Offline
Activity: 182
Merit: 100
Hodl regularly and often!
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July 20, 2013, 02:28:55 PM |
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LOVE the instant transaction. I have done it twice and had access to the coins within 5 minutes...
I have to say that is FAST! I also like thier merchant tools. I also like Campbx because they offer margin trading and thier price is consistently lower than Gox. |
🆙
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timmybray
Newbie
Offline
Activity: 33
Merit: 0
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July 20, 2013, 07:51:10 PM |
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Didn't work for me. Became lvl2 verified but the transaction was pending for almost a day, and then cancelled due to "high risk".
Did they give you a reason or say they would manually whitelist you? Still can't figure out what their criteria is for high risk. I wrote them like 3 times, but haven't received the answer. Really weird. Don't know what else to say. |
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WinterParker
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August 15, 2013, 02:37:55 AM |
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I can't figure out how to sign a wallet id through Coin Base, does anyone have experience with this??
Thanks,
Ryan.
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collegenitro
Newbie
Offline
Activity: 28
Merit: 0
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September 02, 2013, 09:36:22 PM |
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If someone verifies to level 2, then empties bank account, instant buys 50 btc, then never pays, how can this be stopped? Cpinbase takes 2 days to take the bank funds....but they give 50 btc instantly? Sounds like coinbase open to get scammed.
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