Is coinbase a scam?

[Cryptocucumber]

I went to order ethereum from from bank account and it took 7 days. I ordered $1000. And when the order went through today coinbase is showing I only have $740 worth of ethereum. Coinbase is getting annoying now with taking forever to do transactions and the high fees along with the IRS tracking everyone on coinbase defeating the cryptocurrency decentralization aspect. I'm just mad I lost $260, I'm assuming the ethereum was "bought" 7 days ago and the price went down which is bs because it should I gaurentee you if I bought ethereum 7 days ago and the price triple then I wouldn't have $3k in my account.

Somebody change my mind and make me like coinbase.

[maliboom]

I went to order ethereum from from bank account and it took 7 days. I ordered $1000. And when the order went through today coinbase is showing I only have $740 worth of ethereum. Coinbase is getting annoying now with taking forever to do transactions and the high fees along with the IRS tracking everyone on coinbase defeating the cryptocurrency decentralization aspect. I'm just mad I lost $260, I'm assuming the ethereum was "bought" 7 days ago and the price went down which is bs because it should I gaurentee you if I bought ethereum 7 days ago and the price triple then I wouldn't have $3k in my account.

Somebody change my mind and make me like coinbase.

The story you tell is very strange to me. I have been working with coinbase for 2 years and I have never had any problems. I consider coinbase one of the best exchanges available

[AngelSky]

I went to order ethereum from from bank account and it took 7 days. I ordered $1000. And when the order went through today coinbase is showing I only have $740 worth of ethereum. Coinbase is getting annoying now with taking forever to do transactions and the high fees along with the IRS tracking everyone on coinbase defeating the cryptocurrency decentralization aspect. I'm just mad I lost $260, I'm assuming the ethereum was "bought" 7 days ago and the price went down which is bs because it should I gaurentee you if I bought ethereum 7 days ago and the price triple then I wouldn't have $3k in my account.

Somebody change my mind and make me like coinbase.

Yesterday also i have transferred 0.05 bitcoin to the exchange but I am really confuse about your review on Coinbase. I have holded around 0.8 ethreum in their wallet. Still I didn't get any issues on hiding the fund on coinbase.

Segwit enabling also in progress now. I found fees has been already reduced when comparing with the past 2 months before. Within some weeks once segwit is 100 percent everyone will have a cheap fees like electrum users getting now.

[nie417665]

coinbase’s popularity is very high and there should not be any major problems. The reduction of your funds should be the result of the falling currency prices.

[mer110]

A very serious difference of 250 dollars, that's terrible. In General, the Commission can be serious, I have faced with exchanges where very serious commissions are taken, to solve the situation only by the method of alternative services and options.

[mer110]

A very serious difference of 250 dollars, that's terrible. In General, the Commission can be serious, I have faced with exchanges where very serious commissions are taken, to solve the situation only by the method of alternative services and options.

[Dreamchaser21]

Coinbase is a good exchange, and of course you will still incur some problem like that but doesn’t mean its a scam. Maybe your bank is scam, seriously try to ask the support team to address your problem properly.

[Bencus]

I went to order ethereum from from bank account and it took 7 days. I ordered $1000. And when the order went through today coinbase is showing I only have $740 worth of ethereum. Coinbase is getting annoying now with taking forever to do transactions and the high fees along with the IRS tracking everyone on coinbase defeating the cryptocurrency decentralization aspect. I'm just mad I lost $260, I'm assuming the ethereum was "bought" 7 days ago and the price went down which is bs because it should I gaurentee you if I bought ethereum 7 days ago and the price triple then I wouldn't have $3k in my account.

Somebody change my mind and make me like coinbase.

Coinbase can have high fees, and it depends on how you made your order, but it is certainly not a scam.
However 25%+ fees sounds really bad, too much. Maybe you should connect your bank in this issue.

However, I made a transaction from my bank account once, and boy the fees were high. Also, it took plenty of days aswell. So I believe the fees are high because of your chosen method of payment, I believe its because of the transactions between the banks, not because Coinbase's internal system or fees.

You can find information about Coinbase's fees here:
https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees
Any fees higher than that are caused because of the banks, you should hate them, rather than Coinbase.

[hh4mmm]

I went to order ethereum from from bank account and it took 7 days. I ordered $1000. And when the order went through today coinbase is showing I only have $740 worth of ethereum. Coinbase is getting annoying now with taking forever to do transactions and the high fees along with the IRS tracking everyone on coinbase defeating the cryptocurrency decentralization aspect. I'm just mad I lost $260, I'm assuming the ethereum was "bought" 7 days ago and the price went down which is bs because it should I gaurentee you if I bought ethereum 7 days ago and the price triple then I wouldn't have $3k in my account.

Somebody change my mind and make me like coinbase.

not really that coinbase is bad or a scam, the problem there is that wen purchasing from your bank the price is always higher (fees) but from ether to banks is lesser. sometimes i wonder why the price is always high that way.
so coinbase is not scam, it's a good platform for exchange.

[h55]

I went to order ethereum from from bank account and it took 7 days. I ordered $1000. And when the order went through today coinbase is showing I only have $740 worth of ethereum. Coinbase is getting annoying now with taking forever to do transactions and the high fees along with the IRS tracking everyone on coinbase defeating the cryptocurrency decentralization aspect. I'm just mad I lost $260, I'm assuming the ethereum was "bought" 7 days ago and the price went down which is bs because it should I gaurentee you if I bought ethereum 7 days ago and the price triple then I wouldn't have $3k in my account.

Somebody change my mind and make me like coinbase.

it is not a scam, but i think to prevent this problem we need decentralized exchanges. because the trading hardship and also risks in centralized exchange increasing.

[Whitefalcon]

I think coinbase use rate when you buy it at 7 days ago and your bank transfer after 7 days come
and now ETH rate is goes down I think will same if you buy at 7 days ago and hold it
you can make some calculation

[SalmanMJ9]

Wow this is huge difference and I'd say it's unusual situation that I've never experienced. It could be the high fees (bank, card issuer, exchange, etc). I'd say check with their customer service and with your bank just to make sure where it went wrong.

[joblessminer]

I love coinbase. I've never had any issues with it.

[vadim.etc]

Quite adequate explanation, what you do not like? Do you really think that any exchanger will work at a loss? the purchase and sale of the token was made at the rate that was 7 days ago, and the air was long enough to be likely due to a small amount of gas.

[aksay79]

coinbase’s popularity is very high and there should not be any major problems. The reduction of your funds should be the result of the falling currency prices.

all this time I know the popular market coinbase, and never experienced serious problems, if the matter of fee increase is still limited reason, because the famous market would be expensive transaction costs

[crypto2generation]

There a lot of people facing issue on coinbase

[practicaltexan]

Coinbase doesnt' take a 25% fee.  Ethereum has fallen in price. 

Also,  you should be able to look at the detail of your order with fees shown on coinbase without. 

If Ethereum had tripled in price you actually would have more in your account.

Coinbase buys it at the market rate that day using GDAX and then holds it until your funds clear.

So....I really think you are just mad.  Don't worry.  You are in good company.    I used GDAX to set buy limits to what I thought was as low as ETH would go weeks ago. and it hit yesterday....I was wrong. lol.  Now I'm on the losing end of the stick as well.

And don't use coinbase.  Use GDAX their trading platform.  You can login using your coinbase details. 


PT

 

[carlfebz2]

I went to order ethereum from from bank account and it took 7 days. I ordered $1000. And when the order went through today coinbase is showing I only have $740 worth of ethereum. Coinbase is getting annoying now with taking forever to do transactions and the high fees along with the IRS tracking everyone on coinbase defeating the cryptocurrency decentralization aspect. I'm just mad I lost $260, I'm assuming the ethereum was "bought" 7 days ago and the price went down which is bs because it should I gaurentee you if I bought ethereum 7 days ago and the price triple then I wouldn't have $3k in my account.

Somebody change my mind and make me like coinbase.

Coinbase can have high fees, and it depends on how you made your order, but it is certainly not a scam.
However 25%+ fees sounds really bad, too much. Maybe you should connect your bank in this issue.

However, I made a transaction from my bank account once, and boy the fees were high. Also, it took plenty of days aswell. So I believe the fees are high because of your chosen method of payment, I believe its because of the transactions between the banks, not because Coinbase's internal system or fees.

You can find information about Coinbase's fees here:
https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees
Any fees higher than that are caused because of the banks, you should hate them, rather than Coinbase.

This would really be connected on Bank fees but talking about 25% deduction on overall transaction then it is already high and not tolerable and should really be complained if this is the case.I haven't tried out to make buying out coin direct on coinbase from my bank.If op did make transaction on where ETH was still on high price and it did drop after 7 days which his coin being credited and have such deduction it wont really still considerable on having this kind of big deduction to the entire amount.The best thing for now is to contact support of coinbase and ask regarding this issue.

[maimainguyen05]

LOL. I never hearing anybody complain about Coinbase ). I've used Coinbase as a wallet for years but everything is very smooth until now. It's a most truthworthy online wallet and exchange that I know until now. The only thing that I don't like of Coinbase is it's not support for every country all over the world so I only can use it like a wallet to store my crypto but I can't use it to buy ETH or BTC with my credit card.

[josh07]

I also used the coinbase but he is different because it is difficult to cashout the amount to be done not like coins.ph that is easy to cash out money so for me it is not trustworthy I know if it is true that the coinbase now .