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Author Topic: Please suggest alternative to Coinbase for buying BTC with Bank transfer or card  (Read 123 times)
thegoatiest (OP)
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June 15, 2019, 10:48:25 AM
Last edit: June 15, 2019, 11:10:30 AM by thegoatiest
 #1

Hi.
I've had it with these clowns at Coinbase.
Made two deposits minutes apart - they lost one, and the other I can't even add a stop-loss to as they won't let me transfer it to Coinbase.Pro(GDAX) which is their own bloody company.

And if I want to buy using a card they charge 3+%... which is a total scam... - Would get a much better deal on Localbitcoins..
I would use localbitcoins but I lost my 2FA codes ages back as I didn't think I'd need them as coinbase was working fine.
However with the new '5 days withdrawal freeze' which just started as this bull-run did... Coincidence??

--
Know any legit alternatives? I really want to buy some BTC but it's proving very, very difficult... which is ridiculous.
I tried Binance, but they won't accept my bank account.

Really appreciate some advise.
TG

EDIT: Wow, they just refunded my money, -1% of the deposit I made.  They sat on my deposit so I couldn't buy BTC then they stole 1% of it and returned it.
Shenzou
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June 15, 2019, 11:53:03 AM
 #2

I mean as far as bank transfers you can try p2p exchanges like localbitcoin or bestchnage, it might not seem to many people that it is not safe or trusted but it is since there are options for escrow, and you can find many trusted users that will have bank transfers or credit cards, just try to go with the trusted ones and not get greedy and look for the best price because that is how most people fall for it and they get scammed.
thegoatiest (OP)
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June 15, 2019, 12:05:19 PM
 #3

I used to have a localbitcoins account.. but I've 2FA locked myself out. Didn't think I'd need it with coinbase... but Coinbase have got real shady.
I might try and reset my password - but i think it takes 14 days or something.

I tried Bitstamp, but they won't accept my card..
pieppiep
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June 15, 2019, 12:57:26 PM
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I don't want to use banks to buying bitcoin because that will be making an alert to my bank account and the banks will interrogate me what is my purposes to buy bitcoin. I prefer to buy bitcoin from local sellers, localbitcoin, or my friends and I am sure they will not say to other people. I never use Coinbase to buy bitcoin because I don't have an account in that site and so far, I use the way that I mention before, and that is saved for me from the scamming.

Besides that, I think that if you use the banks to send the money to the other site, it will need a long time before the money can arrive at them so they can proceed with your transaction. But you can try for yourself, so you will know how long it will be needed to buying bitcoin from your bank account to another site.
thegoatiest (OP)
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June 18, 2019, 07:57:36 PM
 #5

localbitcoins is the way. My bank, and Revolut denied payments to Bitstamp.

Coinbase, have now refunded me 99% of my first deposit and 90% of my second deposit.
After, sitting on the funds for just under a week.

Forget about them.
LeGaulois
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June 19, 2019, 12:17:17 PM
 #6

I don't want to use banks to buying bitcoin because that will be making an alert to my bank account and the banks will interrogate me what is my purposes to buy bitcoin. I prefer to buy bitcoin from local sellers, localbitcoin, or my friends and I am sure they will not say to other people. I never use Coinbase to buy bitcoin because I don't have an account in that site and so far, I use the way that I mention before, and that is saved for me from the scamming.

Besides that, I think that if you use the banks to send the money to the other site, it will need a long time before the money can arrive at them so they can proceed with your transaction. But you can try for yourself, so you will know how long it will be needed to buying bitcoin from your bank account to another site.

You can reply to your bank by asking what is the purpose to keep my money in local currency. On top of that, they don't have to patronize people to say what to buy or not.

Your second point is totally wrong, I suppose you never used a bank transfer to an exchange. It takes 2-3 days max, often 24 hours. If I make a bank transfer to kraken right now (it's 2.00pm here) It will hit my Kraken account tomorrow morning.

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