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Author Topic: Are you a fan of coinbase? why or why not?  (Read 2022 times)
CryptoCurrencyInc.com
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October 02, 2014, 03:50:20 AM
 #1

Coinbase Unveils New Layout In Response to Circle Bitcoin Bank Launch
https://www.cryptocoinsnews.com/coinbase-unveils-new-layout-response-circle/

Are you a fan of coinbase? why or why not?

                                                                               
                 
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October 02, 2014, 04:25:07 AM
 #2

I am not a fan of coinbase but I think it is a trust worthy site. I have my wallet on coinbse.
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October 02, 2014, 04:45:15 AM
 #3

I am a fan of Coinbase, and I trust them more than Circle, but I'm starting to like Circle more everyday. I'm pretty sure I will stop using Coinbase as soon as Circle releases their mobile app.


Trust them more how?


Use them to buy bitcoin then immediately send it to a secure wallet where you control the private keys. If you leave your coins on Coinbase or Circle, those coins aren't really yours.

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October 02, 2014, 05:58:33 AM
 #4

I have used Coinbase whenever I have wanted to purchase BTC (lately). I also use their bids as my point of reference for the value of BTC.

But I do not leave any of my BTC in the account I have with them.

Circle is new. The site was not responding last evening, and today it wouldn't send the text that is needed to do the transaction, so yeah... Growing pains.

I like both of them, because they make it easy for the average dude to purchase Bitcoin. That is important. Very important.
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October 02, 2014, 07:48:48 AM
 #5

I trust Coinbase. They have been around long enough and have a lot of capital behind them. I keep some bitcoins on there just because I haven't gotten around to moving them to a secure address.

It is also the only company I have been able to buy bitcoins from which is sad that there is only one US company I can use. I am glad Circle opened up and I hope they have competitive rates.

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October 02, 2014, 08:25:07 AM
 #6

Fan no, customer yes.  Coinbase is barely acceptable.  While I have not had any problems with them I use them only for small transactions and kind of assume it is only a matter of time.  I do not like their delays and the reports I see here about reversed transactions when the market is moving against them.  In short, right now, it's "what we got."

Circle seems promising but it does not seem to offer any real advantage over coinbase, other than no delays, and I don't see how they are going to cover their expenses.  Still, more companies in this space is a good thing.
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October 02, 2014, 08:37:07 AM
 #7

I love bitcoin, not any bitcoin company.
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October 02, 2014, 08:40:56 AM
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I trust Coinbase, but i have my coins in a safer place  Tongue
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October 02, 2014, 09:13:17 AM
 #9

Coinbase Unveils New Layout In Response to Circle Bitcoin Bank Launch
https://www.cryptocoinsnews.com/coinbase-unveils-new-layout-response-circle/

Are you a fan of coinbase? why or why not?

This new Circle Bitcoin Bank. Do they have license to operate in the US?

And what service do they offer?
UsernameBitcoin
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October 02, 2014, 09:22:37 AM
 #10

I'm not a fan of one exchange dominating a market. Too dangerous.
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October 02, 2014, 09:23:46 AM
 #11

I'm not a fan of one exchange dominating a market. Too dangerous.

So having more competition from Circle Financial is a good thing for bitcoin.
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October 02, 2014, 09:41:56 AM
 #12

Circle seems promising but it does not seem to offer any real advantage over coinbase, other than no delays, and I don't see how they are going to cover their expenses.  Still, more companies in this space is a good thing.
Circle's bank-linked account has a slight price advantage over Coinbase's bank-linked account. I've tested this many times including the latest instance:



... combine Circle's price advantage with instant withdrawal... Coinbase is in for rough competition if they can't improve their 4-day purchase turnaround.
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October 02, 2014, 09:49:18 AM
 #13

On the topic of trust, I trust Coinbase and Circle enough to purchase coins from them...
and I trust them to hold those coins just long enough to transfer control of those coins to me (in my wallet).

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October 02, 2014, 10:00:34 AM
 #14

Not a fan. The impression that I got from friends who have used them is that they are far more concerned with catering to regulators than they are their customers.
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October 02, 2014, 10:03:24 AM
 #15

Coinbase / Circle is good, but still not trustable enough  Sad (for myself)
But, i think blockchain.info / hive / bitgo / green address is simpler & more secure

But, looks like Circle is better than coinbase now  Grin

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October 02, 2014, 10:49:31 AM
 #16

Coinbase / Circle is good, but still not trustable enough  Sad (for myself)
But, i think blockchain.info / hive / bitgo / green address is simpler & more secure

But, looks like Circle is better than coinbase now  Grin
Circle is said to be better and simpler than Coinbase. I am not a big fan of Coinbase. When the Circle official come out, I will certainly try out the new system.
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October 02, 2014, 10:52:02 AM
 #17

I have coins in the Coinbase and Circle wallet.  I also have a little bit in Blockchain.  

I know a lot of old timers say that you should always have your coins in your own possession, but I actually feel a little safer with those companies.  Each has 2 factor authorization.  I don't have to worry about me deleting my bitcoin wallet, or my back up getting hacked or compromised.  Either way there is a risk, but for a person that isn't as technologically advanced as many people on here, I feel like Coinbase and Circle are safer.  (I think Circle says they are even insured)

My options are to... Get a computer not ever connected to the internet, install Linux, install a wallet, transfer private keys...... Or just leave in Coinbase/Circle.

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October 02, 2014, 01:25:51 PM
 #18

I'm a fan of Coinbase, and will continue to use their service.

I have no doubt that they'll raise their daily buying limits now that Circle's service launched.

If I buy some BTC off of Coinbase, usually I withdraw it to my cold wallet the same day.  Not sure where the 4 day purchase period for Coinbase came from, as I've always bought same day and able to transfer or send the same day.  Maybe it was like that in the beginning, but Coinbase limitation for same day purchase is $1000, so maybe that's why.
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October 02, 2014, 01:35:16 PM
 #19

Coinbase is decent. But the 4 day wait is atrocious.
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October 02, 2014, 01:57:54 PM
 #20

I like Coinbase. I think they have done a fabulous job of evangelising btc and driving consumer adoption. 2mn wallets is no joke. However, with Circle launching last week, they will have their work cut out. Exciting times, can't wait to watch it play out.

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