Is Coinbase turning into another Gox?

[AtlantisPlatform]

It seems like it is near impossible to sell bitcoin and transfer funds to my bank account, almost every time it gets cancelled now. I have never had any trouble with Coinbase until the last month, now 6 out of 10 transactions are always cancelled. I wonder if they are the next ones to go tits up.

[bridgesro]

They may have too many people turning in coins over fear from the whole Gox fiasco.

[franky1]

coins are moving fast. by the time you have got to the page, seen the sell price. typed in the amount of coins you want to sell.

by the time you press the button, the buy order offer price has already been bought by someone else.

if your that desperate to sell instantly, enable instant sell feature. or change the sell price to a fraction less then you were offered for a better chance at beating other sellers.

[Kazimir]

What is cancelled, withdrawals to your wallet or bank account? Or buy or sell orders? In that case, what franky1 says.

[Klestin]

In answer to op: "No"

[jc01480]

Given that Coinbase has invested 25 million into their operations, I doubt they are about to go anywhere.  I think they are attempting to become more user-friendly to the average Joe (me) in an effort to gain the business of regular (non-techy) customers. 

[Singlebyte]

In answer to op: "No"

And another No!

[Melbustus]

No.

[greenlion]

These kinds of things have more to do with your bank than with Coinbase.

[Bitcopia]

Again, no.

Brian Armstrong and his team funded by Andreessen Horowitz are only about 35,000 times more legitimate than Mark Karpeles and his insane incompetence.

[AtlantisPlatform]

These kinds of things have more to do with your bank than with Coinbase.

No it doesn't, Coinbase replied that it has to do with their algorithm. I have sold bitcoin and transferred the fiat back to my bank account many many times, but lately most of the sell bitcoin and transfer to bank account get cancelled.

[jonald_fyookball]

Coinbase seems above board.

Still, let's not forget the lesson gox taught us.
Don't keep substantial amounts of coins
on any online exchange, no matter how
much integrity they seem to have.

[greenlion]

These kinds of things have more to do with your bank than with Coinbase.

No it doesn't, Coinbase replied that it has to do with their algorithm. I have sold bitcoin and transferred the fiat back to my bank account many many times, but lately most of the sell bitcoin and transfer to bank account get cancelled.

Instead of going on some message board and smearing feces all over the walls making accusations and innuendo, then why not get in contact them and clear it up, because there has to be a reason you're getting flagged as high risk.

[btcton]

Short answer: No
Long answer: I don't think so. It has been working fine for me with no exchanges cancelled. But then again, don't store all of your bitcoins in an exchange.

[Beliathon]

My coinbase account seems fine. I just withdraw 2k to my bank account yesterday because funds were getting low. Two business days, done.

Smooth as ice. They're a great company as far as I'm concerned, a credit to the community.

[ChuckBuck]

Me thinks the OP is trying to spread FUD.

I've made many many transactions with Coinbase both ways and it's been always a great experience.

If there's any issue, it's with the OP's financial institution.  Probably changed the terms of service or something.

GOX, GTFOH.  Not if Marc Andreesen has anything to say about it.  If you've never heard of him, you should.

[datz]

Coinbase's scalp will fall into our lap.

[BittBurger]

Instead of going on some message board and smearing feces all over the walls making accusations and innuendo, then why not get in contact them and clear it up, because there has to be a reason you're getting flagged as high risk.

I have to agree with this one.  As an online business owner with my own forums it drives me ape shit batty when users go on my forums to ask a bunch of clueless random people why they had problems ordering on my store.  Ask the people who run the store.  Topics like this are just sensationalist attention drawers that don't get you an inch closer to solving your problem, and instead puts a potentially bad taste in onlookers mouths about the company you're mentioning.

-B-

[padrino]

Me thinks the OP is trying to spread FUD.

I've made many many transactions with Coinbase both ways and it's been always a great experience.

If there's any issue, it's with the OP's financial institution.  Probably changed the terms of service or something.

GOX, GTFOH.  Not if Marc Andreesen has anything to say about it.  If you've never heard of him, you should.

FUD, because it works for you it must all be fine for everyone? Coinbase will not provide details regarding why a transaction was cancelled, just that it was high risk. When the market is swinging in a direction that isn't conducive to completing the sale I have seen my transactions canceled, in some cases many times in a row over the course of a week or two. I have also have successful 5K plus transactions with them.

In any case since Coinbase will not share the details regarding why a transaction was cancelled the OP is asking a legitimate question. In my case I took my business to Bitstamp and haven't been happier, Coinbase lost my business due to their lack of transparency but obviously they are working fine for some people..

[googlemaster1]

I've always bought large amounts of bitcoin during crashes (like our last one into the low 400's), and everytime I always get a little worried because people are always saying "OH THEY ARE GOING TO CANCEL YOUR TRANSACTION", or something like this. 

The reality is, that has never happened, nor has it happened to anyone I know that uses Coinbase.  I'm sure it does happen, and I'm not calling OP a liar, but there is something else that could be flagging his account or some sort of bug perhaps with their API updating in a certain version or browser, but I don't think they have really screwed anyone over intentionally.  Have you tried contacting their chat support?  They respond to me immediately every time.  Can you post the chat log of what they said when you confronted them on this issue?