Coinbase

[sann111]

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

[surfinonmyownwavebaby]

You don't have to buy a full bitcoin, bitcoin is broken down into one hundred million pieces so you can buy as little and as much as you choose. I would not keep any funds on Coinbase infact I would advocate not even using Coinbase. They are the most well known but also have the most problems out of any exchanges not to mention charge the highest for fees. Don't know the last bit as never used Coinbase myself.

[tekimebounty]

I havent that amount, but i know peoples, who have 10 and mor btc in coinbase.
Didnt hear anything about problems. Sometimes it have huge fee.

[babygun]

From the moment you own a decent amount of bitcoins (such as 1 bitcoin or even 0.5 bitcoin) it is better to have full control over your bitcoins and to not place it on a exchange. One of the best options would be to store them in a hardware wallet such as Trezor or Ledger Nano S.

[Yakamoto]

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

I have actually heard of a large number of people that have had a fair amount of issues with Coinbase, the overall sentiment seems to be negative towards Coinbase due to a severe case of mucking about with customer accounts and not leaving the wallet owners alone all the time, many stories of frozen accounts and the like. I would likely prefer to keep my wealth out of Coinbase, in fact I do as I have transferred away from their platform and onto blockchain for my online wallets. I don't like their business practices and I will remain outside of their influence for as long as I can, personally.

[soham]

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

Coinbase is an old and time tested wallet service provider. They are a legal entity. You don't have to buy a whole bitcoin from them, you can buy in smaller fractions as well. However, they have few restrictions which are country specific. So check the faq section before you start the procedure. Also check if you need to submit your kyc documents or not. If you are compliant with their regulations, you are not expected to have any issue with them. I have been using their service since long and have never faced any issue, even though I didn't buy any bitcoin from them. I just use coinbase for storage of my coins.

[susila_bai]

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

it is never safe to keep your bitcoins in web wallet as you dont have controll over your bitcoin wallet private key. Coinbase can ban your account anytime without giving any reason. So it is much better to keep your investment in hardware or software wallet like, electrum which is easy to access and security is also good.

[JureViewly]

I only hear people whining about how expensive and slow Coinbase is, so I'd stay away for now until it gets the necessary upgrades to function properly.

[Dhaaaw]

Coinbase is safe. There's alot of talk about inside trading to manipulate bitcoin cash price but there's not fraud or stealings report and you should be okay. And if you're some kind of big whale with over 100 btc then it would be probably wiser to switch to a hardware wallet to be more secure.

[RoccoSiffredi]

After reading the comments on this page I also have doubts wether to use Coinbase or not. Which other similar site gives you a platform to change BTC into FIAT if you need FIAT?

[posi]

Coinbase is good for buying and selling bitcoin due to their market price update simultaneously and the only bad experience had using their system which I'm still trying to workout happened last year when the high traffic occur their 2FA is no more send to my phone.

[sann111]

If you keep 1 bitcoin in a wallet, what is the network fee to transfer out of the wallet to an address?
What is safe online wallet or offline? Is there a way to know how much profit I made if i keep in the wallet, would
it show how much total dollars I have including the increase in value in the wallet?

[TimtheYoutuber]

You dont have to buy 1, you can buy fractions. If you have your account verified and are not breaking their rules, gambling, underage etc then you should be find. After buying coins you could always send them off of coinbase, as you dont own your private keys when they are on the site.

[badjacks99]

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

I have been a Coinbase customer for quite a few years now and I’ve only had a minor issue with my account. While the price was much lower I have purchased a full bitcoin before and never had any problems.  Throughout the years I have also cashed out a few thousand dollars again, never with any issues. I think when base is one of the leading companies in the world And it looks like it’s not going anywhere anytime soon.

[altGear]

Yea you can buy fractions of a BTC, but if you want to then buy 1BTC, it's a nice whole round number if you're going to long term hodl I'de look at getting a Trezor or Ledger nano S. If you plan on spending it personally I'de pull it into a wallet like EXODUS or Samourai wallet (because smart miner fees & RBF) backup and encrypt the wallet (store backup in 3x different places) and do it that way. Your welcome for the sound advice Cheers!

[sann111]

Yea you can buy fractions of a BTC, but if you want to then buy 1BTC, it's a nice whole round number if you're going to long term hodl I'de look at getting a Trezor or Ledger nano S. If you plan on spending it personally I'de pull it into a wallet like EXODUS or Samourai wallet (because smart miner fees & RBF) backup and encrypt the wallet (store backup in 3x different places) and do it that way. Your welcome for the sound advice Cheers!

Thank you for the advice
If I put in Trezor or ledger, i cant spend it? Is there a fee to transfer to an address?
How safe is exodus and samourai? what are the fees?
Will I be able to see the increase in profit on these wallets? And where can I backup 3 different places?

[bitcoinorcash]

It's important to understand how Coinbase thinks about regulation and compliance in the digital currency space. As an exchange, we view compliance as key to digital currency's success. At Coinbase, our mission is to create an open financial system for the world. We believe that open protocols for money will create more innovation, economic freedom, and equality of opportunity in the world, just like the Internet did for publishing information.

[sann111]

It's important to understand how Coinbase thinks about regulation and compliance in the digital currency space. As an exchange, we view compliance as key to digital currency's success. At Coinbase, our mission is to create an open financial system for the world. We believe that open protocols for money will create more innovation, economic freedom, and equality of opportunity in the world, just like the Internet did for publishing information.

Yes but how safe is it to keep $15000 on coinbase? Can someone hack or members from the company steal anyones money from their account?

[dzkazmi]

It is safe to keep your bitcoins in coinbase or even at blockchain.info online wallets. Both are good.

[orka39]

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

Well, first my country is not accepted to buy or sell something in coinbase exchanger.
As i know coinbase is top reputable exchanger and i heard nobody complaint to coinbase about any issue so i think it is safety.