COINBASE RIPPED ME OFF $80k. *WARNING WARNING WARNING*

[kezzyp]

Coinbase purchase times are growing. I first purchased 6 BTCs on 11/14/13 and was credited on 11/21/13 (7 days). I purchased 10 BTCs on 11/23/13 and now I find out it will take 9 days (11/2/13) to get credit.

I am now going to a local bitcoin dealer for purchases which only take 20 minutes.

would you please let us know how this turned out?
thx

20 mins is still too long, i purchase instant  from xmlgold.eu  via Perfect money to bitcoin, their fee is not really bad but i am still scared of the website because when i look online i still see scam reports, who know's they treat me fine now and tomorrow i be complaining like you when they don't credit my account,  its very scary

first thing i do,
check their reserves, sometimes they have like 40 btc then i buy 39btc just in-case someone buying same time with me dnt wanna be pissed.

Best to buy in bits too, like 500 to 1000 usd maximum

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[bitpop]

Ive had an ok experience

[sveetsnelda]

Ive had an ok experience

Same.  I'm a bit lost, actually.  I've moved tens of thousands through Coinbase without a single issue.

[bitpop]

Ive had an ok experience

Same.  I'm a bit lost, actually.  I've moved tens of thousands through Coinbase without a single issue.

I have had an instant be held for several days and a buy charging my bank, being returned then taken back but otherwise all resolved.


I think some here are trying to use coinbase to trade, they are not an exchange.

[sveetsnelda]

I have had an instant be held for several days and a buy charging my bank, being returned then taken back but otherwise all resolved.

Now that you say that, I had something similar happen recently.  I forgot about that.  I didn't have to do anything though.  It was taken care of.

I think some here are trying to use coinbase to trade, they are not an exchange.

Aha.  I didn't think about that.  Makes sense.

[mehransaam]

My experience with Coinbase has been positive.  I think it helps if we realize we are dealing with emerging technology, volatile markets and startup companies who have to deal with 100,000s of over-excited clients. It serves us all better to show more understanding and patience.   

[Bitcoin Scammer]

Smaller customers normally do not get ripped off as they are the bait for the big fish, do not forget that.    Every time one of these sites gets hot the owners get greedy and since there are way more fish then whales the GOOD comes out with only 1/100th  of the people being scammed then outed.

My experience with Coinbase has been positive.  I think it helps if we realize we are dealing with emerging technology, volatile markets and startup companies who have to deal with 100,000s of over-excited clients. It serves us all better to show more understanding and patience.   

[sveetsnelda]

Smaller customers normally do not get ripped off as they are the bait for the big fish, do not forget that.    Every time one of these sites gets hot the owners get greedy and since there are way more fish then whales the GOOD comes out with only 1/100th  of the people being scammed then outed.

Hrmm...  While I see what you're saying, I'd likely be considered "big fish" on Coinbase and haven't had any issues at all.

[bitpop]

They are just being run over, no ill will I think
Just like bitinstant

Here's a problem, they can't just hire employees, not many people can trusted with private keys

[Bitcoin Scammer]

They are just being run over, no ill will I think
Just like bitinstant

Here's a problem, they can't just hire employees, not many people can trusted with private keys

Either trust one person or a bunch.  One person could mess it up all the same.