#Deletecoinbase - Agree or Disagree?

[EriksonPartners]

Considering the big controversy around Coinbase, how do you feel about the movement? I haven’t really found anyone protecting them with good arguments, so i’d love to know if anyone here has an opposing opinion and think ‘deleting coinbase’ is too far?

[Mbitr]

I only used Coinbase once to buy some ethereum. Absolutely no problem after the KYC process to buy the ethereum , but an absolute nightmare to get the ethereum out ! Took almost 24 hrs to send from Coinbase to an offline wallet. So many emails sent and a nights sleep lost! Never again. Has also put me off using other exchanges . IMO - avoid .

[Danslip]

I only used Coinbase once to buy some ethereum. Absolutely no problem after the KYC process to buy the ethereum , but an absolute nightmare to get the ethereum out ! Took almost 24 hrs to send from Coinbase to an offline wallet. So many emails sent and a nights sleep lost! Never again. Has also put me off using other exchanges . IMO - avoid .

Coinbase is not the best option for non-USA customers and I prefer to buy on Kraken rather than wasting time on Coinbase. KYC procedure is simple but they keep asking perfect resolution for the same documents. It took 3 days to pass KYC but I successfully withdrew by bought crypto. I don't advise to use this exchange to new users.

[gentlemand]

I think it's important to remind places like Coinbase that they came up off the back of something that stands for pretty much every single thing they don't, but I'm sure many of the other companies in the shadows like Circle and Digital Currency Group are engaged in vastly more disgusting things that they're not telling us about.

Ultimately convenience means more to most than principle so it's not going to make much difference. I hope it keeps them on their toes to a reasonable extent all the same.

[MiguelCryptoss]

I don't think somebody in their right sense will ever disagree with the recent action against Coinbase. My account with Coinbase was blocked base on the KYC I refused to succumbed to and never regretted been blocked either, its good for them to be sanction.

[EriksonPartners]

I do agree that a lot of companies may be a part of way worse things than what happened with Coinbase. I feel like they will definitely learn from this, however i don't know if I want to trust them after this incident.

[Shiversnow]

Considering the big controversy around Coinbase, how do you feel about the movement? I haven’t really found anyone protecting them with good arguments, so i’d love to know if anyone here has an opposing opinion and think ‘deleting coinbase’ is too far?

I do not have any idea about "deleting coinbase" but do you think it will be good to all people who use coinbase? I also have coinbase account and sometime I used because we can buy some altcoin by just using our credit card. Do you really think that coinbase will deleted?

[DeathAngel]

I think think everything they’re about goes against what Satoshi intended for bitcoin. I personally don’t use them & won’t in the future either.

[clover12]

You can not "delete" coinbase. You can suggest a different exchange way.

[Jating]

What do you expect? Our data is not safe with them as they admitted that their previous tracker providers have sold customers data without their authorization. How the hell did they allow that to happen?

And now acquiring Neutrino, another company with a shady past of selling information as well, so they make things worst then. So who will trust Coinbase? So it's up to us, whether to still used them and hope that your data will be not leaked someday.

[XZERO1]

That's actually one of the few good movements I would say, cryptocurrency in no way should be traded in an exchange that is fully centralized, I mean if you have access to other known exchanges I don't know why would you use this exchange anyway ?(maybe there are some restrictions for using other exchanges in some countries that I don't know about), anyhow there are many way better options in exchanges to choose from right now that even have better liquidity.

[Haunebu]

What do you expect? Our data is not safe with them as they admitted that their previous tracker providers have sold customers data without their authorization. How the hell did they allow that to happen?

And now acquiring Neutrino, another company with a shady past of selling information as well, so they make things worst then. So who will trust Coinbase? So it's up to us, whether to still used them and hope that your data will be not leaked someday.

This is bad news. However, I don't think deleting Coinbase is the right move here especially when many investors have left the cryptocurrency market already due to the 2017 crash and the prolonged bear market.

Coinbase needs to reevaluate their procedures and people need to be more careful while using these centralized exchanges.

[AB de Royse777]

Considering the big controversy around Coinbase, how do you feel about the movement?

I do not see any controversy. Coinbase deserve it. They do not care about cryptocurrency. They only care about their profit. But let's keep it aside. It went extreme when they admitted that they sold the customer data. Now are your okay with that?

#DeleteCoinbase worked for me.

[palle11]

Coinbase lately have turned into night mare for traders though but I don't think you force a fish to swim their water. They have given room for other exchanges to take the lead and that is their story. Bad customer service is a way to bad management.

[Yaunfitda]

What do you expect? Our data is not safe with them as they admitted that their previous tracker providers have sold customers data without their authorization. How the hell did they allow that to happen?

And now acquiring Neutrino, another company with a shady past of selling information as well, so they make things worst then. So who will trust Coinbase? So it's up to us, whether to still used them and hope that your data will be not leaked someday.

This is bad news. However, I don't think deleting Coinbase is the right move here especially when many investors have left the cryptocurrency market already due to the 2017 crash and the prolonged bear market.

Coinbase needs to reevaluate their procedures and people need to be more careful while using these centralized exchanges.

Of course they can re-evaluate their process but the thing is that the damage has been done. And we all know the crypto traders is hard to please, one mistakes you make against them will etch in memory and it's possible that they will left Coinbase and look for other alternatives.

Perhaps I was one lucky person because I chooses not to open an account with them. Otherwise I will be mad as hell if I found my personal data being sold out.

[dothebeats]

Coinbase might be having a lot of issues with their platform recently and the way they handle things are somewhat icky to be honest, but I don't think they need to close the doors fully, just reevaluate what are they doing and hopefully get their shits resolved. Acquiring a team that has notoriously been selling information and data of people and god-knows-what-info they sold doesn't help their current situation in any way; it's just making things worse for them.  I say restructure their organization and fix what needs to be fixed, and maybe, just maybe things will turn out good.

And this should be moved into Service Discussion, too.

[mk4]

Coinbase deserve it. They do not care about cryptocurrency. They only care about their profit.

I mean, let's not forget that Coinbase is a business, not a charity. Them "only caring about their profit" is something to be really expected from a business. Same thing with the KYC controversy with ShapeShift. People forget that these services exist primarily to make money.

[Crypdon]

They have already decided to remove the hackers from the new team so i don't think there is any further reason to support this movement, it succeeded already

[OlympianBitcoin]

They are what happens when something goes global and profitable in this big world - not ideal if someone remains "awake" and even despicable. But on the other hand... enough spite, let's focus on healthier mainstream growth elsewhere
There is enough forbidden fruit for everyone BTC

So yes, just delete it if it doesn't serve you but leave those who still use it in peace. Simple.

[OlympianBitcoin]

Coinbase deserve it. They do not care about cryptocurrency. They only care about their profit.

I mean, let's not forget that Coinbase is a business, not a charity. Them "only caring about their profit" is something to be really expected from a business. Same thing with the KYC controversy with ShapeShift. People forget that these services exist primarily to make money.

Which is something natural. Some traders, especially crypto/privacy geeks, tend to forget the world is run by business. Quite surprising, since what they do daily is... double their money through investment and trades, they make good business. They can move to different services but expecting all big players in crypto to risk their well-established businesses because *you* want to do good business + profit from their risks... well, this can't and won't last forever and crypto landscape is ever-changing