Is coinbase falling down

[DDB4U]

Past history Bitcoin seems as if it’s been on the downtrack of falling down and I think there is more platforms that are better than coinbase as it requires verification and some platform do not

[joniboini]

Not sure what Bitcoin history has to do with how Coinbase is doing. Even if Coinbase is no longer the top option, wouldn't that simply mean the market has better options? I'd assume that's good for most users. You don't want to rely on 1 or 2 exchanges for years anyway. We should never think a business will stay alive forever, especially if they do dumb stuff here and there. Are you considering moving from Coinbase OP?

Regarding KYC, I'm sure if they're based in the same country, they'll eventually ask for the same KYC. Most local exchanges in my country ask for more or less the same thing, too.

[FortuneFollower]

For what purpose do you need said platform regarding BTC, op?

[sunsilk]

I think there is more platforms that are better than coinbase as it requires verification and some platform do not

To each their own if it's with the exchanges and I think this topic is more appropriate in the Exchanges section than the Bitcoin Discussion.

And each exchange has their own advantage and if you've got other reason aside from the verification that they implement.

Most of the exchanges today are now requiring their users to at least pass on a level 1 kyc verification.

[_act_]

Past history Bitcoin seems as if it’s been on the downtrack of falling down and I think there is more platforms that are better than coinbase as it requires verification and some platform do not

Coinbase is one of the exchanges that I do not like but that is because of my own personal reason, the exchange is good and used by many people.

Another thing that I do not like about the exchange is how the exchange users are targeted by scammers, which means Coinbased failed to protect their customers KYC information.

But about bitcoin falling, I do not see any reason you are linking it to Coinbase, like it is going to be affeced? That is not happening with what is happening. But I think you meant you need an exchange that requires no KYC? Most exchanges like Coinbase requires KYC but I know of Mexc but it is still a centralized exchange and KYC can be asked for at any time.

[FortuneFollower]

I think there is more platforms that are better than coinbase as it requires verification and some platform do not

To each their own if it's with the exchanges and I think this topic is more appropriate in the Exchanges section than the Bitcoin Discussion.

And each exchange has their own advantage and if you've got other reason aside from the verification that they implement.

Most of the exchanges today are now requiring their users to at least pass on a level 1 kyc verification.

most cexes, you meant to say..

[KiaKia]

It doesn't matter if it does, no crypto exchange that's stronger than going down, what you all need to do is make sure you don't trust any centralised exchange with your funds.

Do not leave your Bitcoin on any crypto exchanges even if they are the giant of crypto space presently, anything is possible, your digital assets are safer in your airgapped device than anywhere else.

Centralised exchanges have the following disadvantages

They can freeze your fund
They know your location, via KYC verification.
Whatever they claimed to have happened is what you will take.

[Catenaccio]

Past history Bitcoin seems as if it’s been on the downtrack of falling down and I think there is more platforms that are better than coinbase as it requires verification and some platform do not

Coinbase is similar to many other big cryptocurrency centralized exchanges have changed their ToS for obeying KYC and AML. So KYC on customers has become a standard in cryptocurrency centralized exchange industry, not only Coinbase do this KYC enforcement mandatorily on their customers. You will have to do KYC at other Tier 1 centralized exchanges, and if you don't want KYC, you have to choose very small CEX for using or DEX alternatively.

Do not leave your Bitcoin on any crypto exchanges even if they are the giant of crypto space presently, anything is possible, your digital assets are safer in your airgapped device than anywhere else.

Reminder: do not keep your money in online accounts.

Centralised exchanges have the following disadvantages

They know your location, via KYC verification.

Why KYC is extremely dangerous – and useless.

[sleepfirefly]

Past history Bitcoin seems as if it’s been on the downtrack of falling down and I think there is more platforms that are better than coinbase as it requires verification and some platform do not

for some people there are better platforms while for some coinbase is the most convenient or most accessible so they use it but decentralized wallets are generally the preferred one by most especially if privacy or security are at the top of your priorities

[NotATether]

Past history Bitcoin seems as if it’s been on the downtrack of falling down and I think there is more platforms that are better than coinbase as it requires verification and some platform do not

Like what?

Please give us examples.

In the USA for instance, Coinbase is the market leader. Nobody really comes close to them. But in other countries there are others who are ahead, so I see what you're trying to say.

That being said, all exchanges (the big ones I mean), require verification, so I don't really know why you're using that as a reason for saying Coinbase is falling down.

[sokani]

But I think you meant you need an exchange that requires no KYC? Most exchanges like Coinbase requires KYC but I know of Mexc but it is still a centralized exchange and KYC can be asked for at any time.

This is correct. With just email or phone number verification, you can start using MEXC. However, the exchange places some restrictions on accounts that haven't undergone primary or advanced KYC. They have a daily withdrawal limit of $1000 dollars. It is also worth noting that the NO KYC is not open to everyone but only users from certain regions.

[Oshosondy]

That being said, all exchanges (the big ones I mean), require verification, so I don't really know why you're using that as a reason for saying Coinbase is falling down.

Among exchanges, I use MEXC the most for trading just because I have accounts there and none among the accounts are verified. You can see that yourself:

They have a daily withdrawal limit of $1000 dollars. It is also worth noting that the NO KYC is not open to everyone but only users from certain regions.

The withdrawal limit is 10 BTC daily.

Some people on this forum have posted before that KYC is mandatory in their region on the exchange, that is true.

[sokani]

They have a daily withdrawal limit of $1000 dollars. It is also worth noting that the NO KYC is not open to everyone but only users from certain regions.

The withdrawal limit is 10 BTC daily.

Some people on this forum have posted before that KYC is mandatory in their region on the exchange, that is true.

It must be a new update, and it's a good one. I have a MEXC account that I haven't KYC'ed yet. I just checked now, and I can confirm that it is set to 10 BTC daily.

Meanwhile, MEXC's blog is still showing $1000 dollars as the daily withdrawal limit for accounts that haven't been verified. I was misinformed after reading it.

https://www.mexc.com/en-GB/learn/article/does-mexc-require-kyc-complete-guide-to-mexc-kyc-verification/1

[Oshosondy]

It must be a new update, and it's a good one. I have a MEXC account that I haven't KYC'ed yet. I just checked now, and I can confirm that it is set to 10 BTC daily.

Meanwhile, MEXC's blog is still showing $1000 dollars as the daily withdrawal limit for accounts that haven't been verified. I was misinformed after reading it.

https://www.mexc.com/en-GB/learn/article/does-mexc-require-kyc-complete-guide-to-mexc-kyc-verification/1

It is not a new update.

But what I know is that they may set different withdrawal limit for different countries or regions. You can also be correct.

[Rikafip]

I think there is more platforms that are better than coinbase as it requires verification and some platform do not

Depends what you want and what are your priorities. If you don't mind going through KYC and want a reputable exchange that most likely won't run away with your money, Coinbase is still one of the better options. Having said that, it would be wise to stay away from centralzied exchanges due obvious reasons.

On the other hands, if you prefer to stay anonymous, you should stay away from it.

[LTU_btc]

I'm not really sure what makes you to think Coinbase is going down? Because I don't see any bad signs about them. They've been requiring KYC for very long time, nothing didn't changed recently. And despite that there isn't bad signs about Coinbase now, it doesn't changes fact that you shouldn't use them as your wallet to keep funds. Histoy already teached us multiple times. Not your keys - not your money.
Back in my early days in crypto I used threm as my BTC wallet, but after I realized taht I have no full control of my money, I moved to non-custodial wallet

[DDB4U]

I think there is more platforms that are better than coinbase as it requires verification and some platform do not

Depends what you want and what are your priorities. If you don't mind going through KYC and want a reputable exchange that most likely won't run away with your money, Coinbase is still one of the better options. Having said that, it would be wise to stay away from centralzied exchanges due obvious reasons.

On the other hands, if you prefer to stay anonymous, you should stay away from it.

I mean the risk of losing my btc is very high chances of 1 out of 10 because most downfalls happening by a few short down fall percent if you have at least $500 or more set the chances of it skyrocketing is 5/10 chances

[albon]

I mean the risk of losing my btc is very high chances of 1 out of 10 because most downfalls happening by a few short down fall percent if you have at least $500 or more set the chances of it skyrocketing is 5/10 chances

Since Bitcoin is a volatile asset, it should be invested with caution only with what you can afford to lose. It is true, as you mentioned, that the fluctuations whether downward or upward can be rapid and unpredictable. Therefore, through technical and fundamental analysis, you can get an idea of Bitcoin’s movement trend.

As for the amount of money you invest in Bitcoin or the quantity you hold, it has no direct relation to the likelihood of the price going up or down.

[NeuroticFish]

Past history Bitcoin seems as if it’s been on the downtrack of falling down and I think there is more platforms that are better than coinbase as it requires verification and some platform do not

Coinbase was said a lot in the past that they care more about profit (fiat) than bitcoin.
* They were on the "big blocks" side when the community was against that
* Before SegWit they were not batching transactions although the mempool was overly crowded. Plus they've adopted SegWit late.

However, the Americans usually preferred Coinbase despite there were plenty of other (better) exchanges.
Now falling down? Why? Did anything big change? I don't think so.

[BitMaxz]

I mean the risk of losing my btc is very high chances of 1 out of 10 because most downfalls happening by a few short down fall percent if you have at least $500 or more set the chances of it skyrocketing is 5/10 chances

Then why Coinbase is your topic instead of the Bitcoin price?
I don't see any reason of the price down fall to Coinbase it seems you treated Coinbase as Bitcoin?
Coinbase is an exchange, just like they said above. You better change your topic title.