Do not use Coinbase

[Slow death]

I do not understand this: " Do not use Coinbase "

no offense, but this gets to be funny. Most people make KYC in exchanges where the owners of the exchanges are anonymous people, so now they are complaining about coinbase? why the hell people do not complain about the exchanges that the owners are anonymous and ask their customers to make KYC?

[bbc.reporter]

I already stopped using coinbase.

But at the end of the day, it's still depending to the users to decide if they want to continue using them as their service is convenient for most. Some probably will just follow the trend.

Agreed. However, we the lowly forum cave trolls who know more bitcoin information than some of the smartest financial gurus in the world should be guiding everyone on what services are advisable and what services should be avoided. That should never ever stop, I reckon.

[nc50lc]

I do not understand this: " Do not use Coinbase "

no offense, but this gets to be funny. Most people make KYC in exchanges where the owners of the exchanges are anonymous people, so now they are complaining about coinbase? why the hell people do not complain about the exchanges that the owners are anonymous and ask their customers to make KYC?

That's what I (kinda) said in this related thread: https://bitcointalk.org/index.php?topic=5115442.0

People can tolerate KYC and entrust their funds to a centralized service that obviously shares their data to Gov'ts but become ultra sensitive on such recent actions.
Don't know if this "#DELETECOINBASE" thing is an organized slandering move by a group or real users protesting.

By the way, I'm not using Coinbase, ever.

[flounderella]

Coinbase is exploiting the relatively few options consumers have even at this point. While there may be alternatives out there for buying cryptocurrency, I find Coinbase convenient, but ideally I'd use a service with lower fees. I agree their Neutrino acquisition should raise eyebrows.

Why are you saying there are few options for users? I've never used coinbase, because I think it's restricted and my country, but also because I never really needed it! There are nice wallet providers like Blockchain.info and electrum, there are nice exchanges like bittrex and hitbtc. We also have online exchanges of the top cryptocurrencies to fiat bank account under reasonable conditions in my country. Spying on users is not okay. However, some people might not care about such things as privacy and support intervention, because sometimes it can prevent serious crimes from happening. Coinbase is still nice for those people.

Stopped using coinbase a long time ago and never looked back. There are plenty of options now as you said.

[egyptian magician]

So what are the top exchanges these days for anyone in the US who would like to withdrawal at least some of their crypto assets to fiat at some point?

[figmentofmyass]

I do not understand this: " Do not use Coinbase "

no offense, but this gets to be funny. Most people make KYC in exchanges where the owners of the exchanges are anonymous people, so now they are complaining about coinbase? why the hell people do not complain about the exchanges that the owners are anonymous and ask their customers to make KYC?

to me, the point is not "do not use coinbase" but rather "be careful how you use coinbase".

they have been infamous for years for shutting down accounts of users who transact with gambling sites, darknet markets, etc. i wouldn't be surprised if they reported accounts to law enforcement too. they have already been hiring blockchain analysis companies for years---now they are just scaling up and buying one instead of contracting the work out. nothing new here. even if you do nothing illegal or morally questionable, it's important to recognize that coinbase has always policed their users' transaction histories much more actively than other exchanges.

i use coinbase pro for long term trading and holding USD but i never send coins there from outside sources. it's just not worth the risk.

[milewilda]

I do not understand this: " Do not use Coinbase "

no offense, but this gets to be funny. Most people make KYC in exchanges where the owners of the exchanges are anonymous people, so now they are complaining about coinbase? why the hell people do not complain about the exchanges that the owners are anonymous and ask their customers to make KYC?

to me, the point is not "do not use coinbase" but rather "be careful how you use coinbase".

they have been infamous for years for shutting down accounts of users who transact with gambling sites, darknet markets, etc. i wouldn't be surprised if they reported accounts to law enforcement too. they have already been hiring blockchain analysis companies for years---now they are just scaling up and buying one instead of contracting the work out. nothing new here. even if you do nothing illegal or morally questionable, it's important to recognize that coinbase has always policed their users' transaction histories much more actively than other exchanges.

i use coinbase pro for long term trading and holding USD but i never send coins there from outside sources. it's just not worth the risk.

As long we do know that the things we are involved on wont really be illegal and i dont see any problems with that for you to be able to get worried on using their platform.
It do only removes gradually the essence on why Crypto is being created due to kyc and other centralized behavior.

It always depend on users preference if they would like to use it or not but the fact there are still people who do like on using up their service even they do already know the risk.

[Matematic]

I hate that withdrawals on coinbase are holding for a few days. I stopped using coinbase after it. It's better to trade or make exchanges on instant services, like changenow.