Do not use Coinbase

[TheCoinGrabber]

Good that I never used that. Greed truly is a big motivation. They never learned from Facebook. Let's see what happens when their customers start leaving them. It seems it not even safe to do a cash out there now.

[1715522091]

1715522091

[1715522091]

1715522091

[meanwords]

That's why I don't use centralized exchanges anymore because they can track everything. Privacy is one of the purposes if cryptocurrency and limiting it would be bad in my opinion. Coinbase made a bad move this time I guess. Let's see what will be his next move.

[Lucius]

All that Coinbase provides to its users has a price, and part of that price is renunciation of anonymity. Maybe they as company do not want to go so deep in that area, but since they are USA based company and it is about money (big money), their laws on the prevention of money laundering and the financing of terrorism are amongst the most cautious in the world.

In accordance with these facts, it is not strange that Coinbase moving through absolute control of its users. It is not only important from where your fiat is coming, they also want to know origin of your cryptocurrency.

The next situation is possible : You buy some bitcoin on any exchange or from your friend, and in some point you decide to sell it on Coinbase. But they analyzed coins and finds it to be dirty coins, means you lost account and money...

[kenzawak]

https://twitter.com/Aztek_btc/status/1101118512444039169

"Let's look at some #coinbase history:

CEO @brian_armstrong has been pro every major hijack of #bitcoin

#BitcoinCash & #Ripple insider pump investigation's.

Partnership with #Neutrino, who have a very questionable past.

#Coinbase = Government Honeypot

#DeleteCoinbase"



Apparently that hashtag #deletecoinbase is getting pretty popular.

https://motherboard.vice.com/en_us/article/xwb7xj/coinbase-users-struggle-to-delete-their-accounts-in-protest?utm_source=mbtwitter

[XCANA]

I stopped using Coinbase after problems with my account, they blocked me for several days.

The fact still remains that Coinbase aren't interested in the structures lay down by Bitcoin but rather choose their ways to carryout operations so, never mind whose guts they choose, the government or privacy of investors. Still remember early days of Coinbase were they Blocked my first account without any substantial reason.    

[Ahsan Aly]

Coinbase is quite popular but it need to be reliable. Some peoples trust on it and some neglect it. For the security purpose coinbase included KYC procedure and i read that mostly people want to rid off KYC and they want other alternative procedures.
  
Now coinbase demand has been decreased and people thought that its quite irritating now. But very few people want that coinbase should be more better for their users. So wait for the good moment..

[danherbias07]

Coinbase is the new form of banks of the future and obviously like any bank it is also corrupted. but similar to banks we use them because they offer services that people need and want to use. in the end everyone has to realize what they are getting into. i wouldn't say "not to use" coinbase, just don't have any illusions about what you are using.

Thumbs up.
Its manipulative. I hope I am using the right term for it.
The inviting website where you could cash in and out and also trade but for a higher fee.
I have not used my coinbase account for like 2 years. It hurts me to see how much they are going to charge me for every transaction.

This will be a story that will be passed on. From now on, their customers will go lower. No doubt about it.

[baghdatis1990]

    I do not understand why Brian Armstrong is so hurrying. After this information by which Coinbase acquired Neutrino, I am convinced that many will give up investing on this exchange. I advise you to use a hardware wallet for storage because they are safe for your investment over 100 years. Everything changes from day to day on online platforms, so our investments are not safe. I use a Ledger Nano hardware wallet and am very pleased.

[clover12]

i like the highlighting glow you did on your post.  how'd you get it yellow???

[clover12]

Coinbase is the new form of banks of the future and obviously like any bank it is also corrupted. but similar to banks we use them because they offer services that people need and want to use. in the end everyone has to realize what they are getting into. i wouldn't say "not to use" coinbase, just don't have any illusions about what you are using.

Thumbs up.
Its manipulative. I hope I am using the right term for it.
The inviting website where you could cash in and out and also trade but for a higher fee.
I have not used my coinbase account for like 2 years. It hurts me to see how much they are going to charge me for every transaction.

This will be a story that will be passed on. From now on, their customers will go lower. No doubt about it.

What other options do we have to BUY coins from a Non Creepy coin vendor?

[yrrehc16]

Coinbase is a good wallet for me before, but it was a long time since i stopped using it.
My reason is not because of that, the wallet is fine and the fee is low though, there are some feature that can't be use due to country restriction.
Or they are not opening it for people in my country.

[flounderella]

Brian Armstrong has sold his soul to the devil

[jojohamasa]

This is not a call for a move out of the purpose of righteousness but a practical call that Coinbase might become better and better in tracking your coins and might intrude in your privacy.

I reckon, maybe Brian Armstrong wants to be the Facebook of blockchain analytics hehehe.  


Brian Armstrong, Coinbase CEO, the Zuck of the cryptospace

Coinbase, the largest US-based cryptocurrency exchange known for its ease of use and attractiveness to mainstream cryptocurrency users, has experienced some controversy as of late over their acquisition of Neutrino, a blockchain analysis startup that traces cryptocurrency transactions.

Neutrino was founded in 2016, and is a company based out of Italy that’s led by Giancarlo Russo, Marco Valleri, and Alberto Ornaghi.

The controversy surrounding Neutrino comes largely from the involvement of Valleri and Ornaghi, who before the establishment of Neutrino were executives of Hacking Team, an intelligence firm that sold spyware tools to government agencies around the world.

Hacking Team provided these tools to repressive regimes, including Sudan, Saudi Arabia, and Venezuela, who allegedly violated international laws and used those tools to monitor and endanger political dissidents, journalists, and activists. Essentially, the company put aside their morals and sold spyware and surveillance tools to regimes that perpetrated human rights abuses.

Read in full https://www.investinblockchain.com/will-coinbase-lose-users-controversial-acquisition-neutrino/

The sale of personal data has become the biggest trade in the world
Whether for commercial or political uses
Google Facebook Twitter in the foreground
If the news is correct, then, Coinbase will lose its reputation
And may lose a lot of its users.

[boakyei]

Coinbase is a respected industry player in cryptocurrency market and won't violet it clients privacy without thinking of its outcome on it brand. I think looking to the future and the regulations of cryptocurrency might be in the interest of the giant firm to enable it control who come in and go out.

[kryptqnick]

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.

[geminiboy]

I used coinbase but I never saved funds for too long in Coinbase, actually I didn't have a problem all this time and I felt comfortable because what I understand is that coinbase keeps 98% of customer funds stored offline to prevent theft, but by reading op articles I made a judgment

[philipma1957]

I am USA based I use coinbase since I want full disclosure on my identity to USA government.

Plus the USD I keep with them is insured by USA government  up to $250,000

If you don’t live in the USA maybe you should use someone else.

[mich]

#DeleteCoinbase
https://www.coindesk.com/bitcoin-delete-coinbase-neutrino-crypto?amp

[mariawilson]

Good to see your information and I think it will help me a lot. Cheers.

[pixie85]

I am using Coinbase just for the purpose of storing and I haven't had any problem so far, But I never had a chance in using Coinbase Pro I thought I can have a problem in using it so I'd used Binance instead, But after seeing this news I had a second thought of really using Coinbase, But in my perspective I think all Exchange have a hidden agenda and we as humans surely have something that might come up in violating their authority over something or someone which that is a decision we as human make, And If Coinbase would turn to be that way then I think there is karma that will punish them in the End,

People who used Cryptopia also haven't had any problems until the bitter end.

 I had some BCH on Coinbase because they lured me in by saying they will fork it for me and add SV to my balance but we all know how it went. There are much better exchanges with much less KYC. I went to Binance and were able to trade SV for BTC without having to fill any forms or give them my ID. It's a much better exchange than Coinbase.