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Author Topic: Don't use web wallet  (Read 720 times)
jak3
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May 22, 2019, 12:51:37 PM
 #41

I did not use coinbase a lot but I don't think all the web wallets are like that (honestly I have not expected that from coinbase). but I used blockchain.info(.com now) when I was a newbie and never had any issue with them. they are still paying me from some random faucet referrals which I don't know where but they are legit. and yes using mobile or desktop wallets are much better alternatives from the convinence point but I trust blockchain.com more than my pc. They will not get hacked.
Avirunes
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May 22, 2019, 01:01:17 PM
 #42

If you want to be in full control of your coins there is no other way then to be in possession of your private keys.

Totally agree on that. For small balance it is ok as long as it doesn't bothers you I guess but still I wouldn't recommend using web wallets like coinbase and blockchain.

They all are full with flaws.


BTW what do you guys think about coinb.in as web wallet? You just only need to know how to send transactions and I am pretty sure mocacinno has a guide about it. I personally use it for huge balances now(not so often tho).
erikalui
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May 22, 2019, 01:09:48 PM
 #43

Most of the newbies are likely to use Coinbase or blockchain.com for receiving payment. I am gonna share a true story with you. Don't use this anymore.

Why not? I've been using Blockchain and MEW for quite a while now and everything's quite fine. I've never never had a problem with those two though I only use them for small transaction.

MEW got hacked months back and my Blockchain got hacked when 2FA was enabled. You never know when these two wallets can get hacked as they are online and if big exchanges like Binance's hot wallet can get hacked, we stand a very little chance. For any amount less than $100, these wallets are OK like a temporary one but not for bigger amounts.

Little Mouse (OP)
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May 22, 2019, 03:19:37 PM
 #44

Update-
After more than 60 hours, coinbase refund me. I thank their support although it was a bit late. I wouldn't mind to use coinbase but occasionally. I wouldn't recommend anyone to use it for regular transactions.
Here is one more reason-
Coinbase asks for a verification code when sending balance. In case, if you don't enable 2FA, code will be sent through your sim. I have faced problem once, the code wasn't in my sim for more than 2 hours, as a result, I was not able to send BTC.

After all, a big thank to them for the refund.

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rosezionjohn
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May 22, 2019, 04:18:35 PM
 #45

Good for you that your issue with coinbase has been resolved. Perhaps you can now update the OP and your recommendation then lock this thread?
playboy654
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May 22, 2019, 05:00:35 PM
 #46

Update-
After more than 60 hours, coinbase refund me. I thank their support although it was a bit late. I wouldn't mind to use coinbase but occasionally. I wouldn't recommend anyone to use it for regular transactions.
Here is one more reason-
Coinbase asks for a verification code when sending balance. In case, if you don't enable 2FA, code will be sent through your sim. I have faced problem once, the code wasn't in my sim for more than 2 hours, as a result, I was not able to send BTC.

After all, a big thank to them for the refund.
I want to tell something here,

60 hours is not too long when compared to the reply from support team of many reputed exchanges,even it might take weeks for the replies to arrive.And 2FA is a problem for me in coinbase and it happens because of the low network coverage on your device,if you face it then remove that sim and insert it to other will take those codes to arrive.

Little Mouse (OP)
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May 22, 2019, 05:08:51 PM
 #47

Updated the OP, thread is now locked.

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