Coinbase

Coinbase is a bitcoin walllet and the simplest way to buy bitcoins, use bitcoins, and accept Bitcoins.

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29 Responses to "Coinbase"

Joe Luger says:

October 13, 2013 at 4:30 pm

COINBASE IS A SCAM!!! STAY AWAY!!!
DON’T GIVE THEM YOU FINANCIAL INFO!!!
YOU’VE BEEN WARNED!!!
1. Coins4Free says:
  
  October 17, 2013 at 9:12 pm
  
  Why do you say they are a scam? I have never had issues with Coinbase. I have heard some stories of some not so great customer service, but I haven’t heard of anyone getting ripped off. Additionally, if you are going to say someone is scamming, it is only useful for others if you can provide some sort of proof or at least a narrative as to why you would make that accusation.
2. derik howard (@derikh6) says:
  
  November 11, 2013 at 5:58 pm
  
  In all my dealings with Coinbase they have proved to me that they have the highest integrity. Scammers is something they are certainly not. I do know they are working very long hours to get their Bitcoin exchange to be efficient.
3. Steven says:
  
  December 17, 2013 at 9:46 pm
  
  They obtain your personal info without permission and use it to deny you access to the currency telling you that you are high risk for illegal activity. Wheres the anonymity in that.? how did they come up with that? I have personally filed a law suit on them. Identity theft pure and simple. Do not do business with these guys!
4. tim says:
  
  December 26, 2013 at 10:50 pm
  
  They will cancel your transactions if they think they will lose out, meaning if you try to profit on bitcoin gains, they will cancel your sell orders until they price drops again.. also, after going through their entire process of verification, they elude you into believing you can freely buy and sell. You place an order, they make you wait, then if they decide they can’t make money on you they cancel your order without reason.
5. Billyz says:
  
  January 22, 2014 at 4:53 pm
  
  Coinbase has been hacked. I lost all my bitcoins at coinbase.
6. iDevice says:
  
  January 25, 2014 at 6:31 am
  
  I paid them, but never received my Bitcoin. Emailed them but I received system generated email that had no relevance to my complaint.
Brian says:

November 3, 2013 at 2:33 pm

I tried to buy some bitcoin 2 months ago after adding and verifying my bank account. Later Coinbase rejected my order for some stupid “Security reason”.

In addition, they sell BTC at higher price than other exchangers. I would not recommend Coinbase.
Mike says:

November 12, 2013 at 10:34 pm

Here is some proof for you. I made a my first purchase with them for 10 BTC after referring all my friends to them. The day the purchase was supposed to be complete (5 business days later) they cancelled the order on me. They did this to every single one of my friends as well. Bitcoin prices have increased 33% since i made the purchase. This is completely inconvenient for me and a shame. I could have took my money somewhere else and they waited until the last minute to do this. I also did every possible step of verification that they required. They didn’t even give me a reason!!! Now they have all my bank information and i am seriously questioning the integrity of this company. Buyer beware.
1. Laurent says:
  
  November 22, 2013 at 7:02 pm
  
  Same happened to me, I purchased 1btc on Monday and only know it was credited as 0.79 btc!
  Lets find their contact point and get these solved to our advantage.
  1. Matt says:
    
    November 26, 2013 at 7:47 pm
    
    They did the exact same thing to me.
P says:

November 14, 2013 at 6:00 pm

Canceling orders that went up is clearly suspect. Who gets the profit? If they have some internal snafu tat causes a rejected trade, doesn’t that call competence into question. If there’s a security issue, shouldn’t there be a process to address it immediately? Clearly they are experiencing growing pains. Not good.
Ajamu says:

November 19, 2013 at 3:04 am

I’m still awaiting my coins. I’ve purchased them 2 weeks ago, and still have not received them. No one will answer my email. I’ve marked it up as a lost.
Ajamu says:

November 19, 2013 at 3:08 am

Anyone knows another company to use?
Manbearpig says:

November 20, 2013 at 8:16 pm

They are really good at holding your money for days then cancelling your transaction for no good reason.
travisj says:

December 4, 2013 at 2:24 am

I would suggest not to use coinbase, they work just fine 70% if the time, but I have had them double charge me 3 times and I have yet to get my money back, I have lost exactly 800$, which is the exact amount I should have made from my bitcoins, I have contacted them they do not respond, their customer service is like a bunch of pedohiles hiding behind a PC
arya62 says:

December 12, 2013 at 7:52 pm

+1 they are scam. Same thing happened to me. They cancelled all my transactions within 7 days and are refusing to reinstate them, calling me fraud.
Talbotian says:

December 18, 2013 at 5:32 am

Same here…no one at support is communicating and I’m out $4000 and still waiting on my bitcoins. They took the money and ran. Still waiting for a couple of weeks. You would think that they’d protect their corporate image at all costs but at this rate social media will destroy them with all the negative comments. Coinbase more like CONbase!
John G. says:

December 18, 2013 at 8:48 pm

Coinbase is a scam! I purchased bitcoins through Coinbase, they took my money but never gave me my bitcoins. I tried contacting them through email and Twitter and they never respond.

I would recommend everyone to file a claim against them with your bank to try to get the money back. Also file a claim with the Better Business Bureau.
Dill Weed says:

December 23, 2013 at 12:38 pm

John,

Same thing happened to me. $1400. They had it for a week.
I filed complaint with California’s Attorney general and urge you to do the same.
Dill Weed says:

December 23, 2013 at 12:40 pm

Me, too, Joe.

$1400. They had it for a week then canceled the trade due to ‘high risk’. i filed complaint with California’s Attorney General and urge you to do the same.
Dill Weed says:

December 23, 2013 at 12:55 pm

John,
Please file a complaint with the Attorney General of California, I did. Me, $1400. They had it for a week.
K Daman says:

January 9, 2014 at 6:51 am

Wow, same thing here I bought 2 Bitcoin and ahppy to do so. As I watch the value increas, then low and behpld the transaction is cancelled be cause I am a “High risk potentially fraudulant” just down right bad person( my words). Insulting to say the least. I am still interested in buying bitcoin, but have great concerns about the process with Coinbase. I wonder how many transactions are canceled as High Risk when the values are going down?
K Daman says:

January 10, 2014 at 1:01 am

Ok, I expressed my frustration with coinbase and they hopefully fixed the problem. I have tried again with a purchase. Time will tell if this one goes through. I will update later. (fingers crossed)
KD
K Daman says:

January 16, 2014 at 1:10 am

Update:
I was able to make a purchase and all has gone well.
KD
Debby says:

February 22, 2014 at 4:26 am

Anyone knows a better, secure and legit coy other than Coinbase to do bitcoin transaction? Please info.
Coinbase Sucks says:

May 23, 2014 at 6:54 pm

Horrible website. Got my account verified, tried to buy coins twice, both time, they took my money. By the time 5 days later came around, the coins had increased in value, once $70, another time 120$, low and behold on day 5, my transactions are cancelled, and I’m deemed high security risk. I would never use this site again, and am going to make sure it’s horrible business practices are made known.
Bill Cherry says:

June 6, 2014 at 8:05 pm

My experience with Coinbase has been Excellent. Some complain because of the rules so maybe Coinbase is not for them. It is perfect for me. Money transfers to and from by bank are quick. The rules are I can only buy $1000 worth of BTC instantly – available in seconds. Larger purchase are available but there is a 4 business day waiting period before the BTC are released. The price is set the moment I made the purchase without respect to market changes.

I like the fact I do not need to have transferred money through some online expensive money exchanger then wait 7 days to buy BTC. They get it out of my bank when I make a purchase. There is no waiting period to buy.

There are hoops to jump through for sure. They are very secure and check you out in detail – this is true. However, DNA samples are not needed. The secret solution to avoid “high risk transaction’ or “canceled” transaction is to first set up your account then actually communicate with Coinbase personnel. Call or email them – my emails are answered within a hour or two not days. They are very polite. Follow their simple rules.

Big companies like TigerDirect.com and Dish Network have adopted Coinbase for their exchange platform. They are US based in San Francisco. I simple do not understand those who claim Coinbase took their money – like Paul Harvey used to say, “what is the rest of the story?”

You may keep Bitcoin in your Coinbase wallet or move it elsewhere. They don’t hold cash from my sales but rather transfer directly to my bank account.

I have tried other services but I do not want to send money days ahead of a purchase. Other exchanges have rules not suited for me. Coinbase is the only exchange for me.
joemomma says:

November 12, 2014 at 7:09 am

all my transactions been fine. And its worth paying a few extra dollars and using their vault to protect your bitcoin. People think making a paper wallet is safe its not. I think coinbase is the safest place to keep your bitcoin but put it in the vault so if anyone tries to take it it notifies you 3 days before the transaction takes place so you can cancel it.

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