Coinbase seems to be lacking support, the limits are really crushing, their website glitches out a fair amount and when it goes under.. it's rough. I don't think there's any perfect exchange, but I'd have multiple on your mind as trusting one isn't exactly the safest thing to do. Coinbase is known to have many issues and this is just a laughing matter now.. they really don't care about their customers. They should take Amazon as an example, not Comcast.
▶▶▶ Coinbase reddit:
https://www.reddit.com/r/CoinBase/
@avilsd I lol'd when I saw the Comcast analogy. I think that they do benefit from a certain type of "Monopoly" in that they haven't suffered some of the same embarrassing setbacks as other exchanges.
The market will ultimately decide, especially as someone sees the opportunity for disruption.
So coinbase has had more than its fair share of issues in the past. Most of what ive been hearing surrounds the idea of keeping coins on their platform; the advice ov been receiving is buy on coinbase then export. Is that a good idea? They are pretty cheap and easy to buy/sell with. However, is there a better alternative? I know there are other ways to buy coins but is there anything you know of that is as easy/simple to use?
I agree. Move your BTC from your coinbase wallet into Jaxx or something. I don't really know of an easier alternative for buying at this point. Bittrex is what I use for the more obscure coins. But I still use coinbase for buying BTC, ETH, etc. it's early though, better options will pop up in the future.
By the way, buy Ripple before all the banks get in on it!!
Lol @avilsd I live in Chicago and just started here on Steemit! Love the comments about Comcast haha... gotta love good old comcast. Anyways, where in Chicago are you at man im right on the loop! Up-voted and now following you!! @joeparys
I used to live on the North Shore but I'm in Poland right now :P
DO NOT keep coins at Coinbase.
They have announced that they will not recognize coins from the hard fork to bigger blocks on Aug 1 (BitcoinCash). So if there is a chain split, you will only get coins from one fork and they will steal your coins on the other.
Why would you store coins in any online wallet permanently, even if they are the best wallet / exchange in the world they could still exit scam or "Get hacked" and then you can say goodbye to all of your coins
and in regards to the announcement of course they will only give you one fork, because if they gave you both it would lower their profits and as a greedy piece of scum that it is as a large company its main objective is profit.
I can agree Coinbase has many issues. I've been with coinbase for years so my limits nowadays are large so the limits aren't an issue. But i know a few on my friends have been having a lot of trouble verifying lately. But we gott work with what we got. Maybe something better will come out int he future.
Great video! So here's a genius idea: Instead of more crappy new coin ICO's entrepreneurs need work on better pathways and infrastructure so that people can get in and out of these damn coins without waiting weeks. Like talk about an entrepreneurial opportunity begging to be filled!
Coinbase is a complete rip off. They charge so much for their fees. 🙄 Boycott them and use it kraken or gemini. That's what I do now.
moved all my BTC... how about Litecoin... can i leave it there for now?
I'm not sure whether to be super annoyed and pissed with Coinbase or happy with them providing a service I need while not perfect better than anyone else has managed to do
I have my bitcoin address with coinbase what to do now?
Id move the coins to an offline wallet before BIP91
i suggest you transfer it over to blockchain or CoPay. if you still want to use Coinbase, you can link your CoPay wallet to Coinbase but all your coins will get directed to your CoPay wallet immediately after buying crypto.
Copay is a good wallet, it can be shared with others too for multi-purposes
Thanks for the suggestion :-)
Hmm! Thanks for this!
And thank for your coming over :)
They do not support my country so I could not join. But thanks for sharing. What other options would you recommend?
Buying in person ,localbitcoins, paxful, and I can always sell you bitcoins if need be. (If so, just dm me on ig or twitter @avilsd)
Ok. Thanks. I will get in contact with you. But need some guidance. Never done it before. Appreciate the support.
I always felt like coinbase is too centralized and people not having an offline wallet on any exchange, there will come a time when theres a crackdown and all accounts will be frozen on all exchanges till you come forward for tax purposes.Uncle sam and the whales will come together because lets be honest they have more to lose then us so they will comply!!!
Coinbase, Poloniex, Kraken, BitStamp, someone just needs to take a big hammer and knock them out of the park and come up with a better company already
You can only hold Bitcoin, Ethereum and Litecoin on Coinbase. Are they planning on adding more coins in the future? Anyone know?
Oh lol I messed up with XRP, but yeah most likely not anytime soon
Glad I move all my btc !!
i just had an issue with them a while back. their support will give you canned responses without much thought. had to remind them that consumers can complain to the Better business bureau and then the support finally had brains to help me out.
I already watched it yesterday. Awesome video. Is there any way to connect with you to have a fruitful conversation besides the Steemit and YouTube comments?
Steemit.chat or twitter/ig
What are you called on Steemit.chat? I didn't find you there.
avilsd mate :)
I like your post , @alvisd
It takes way to long to get funded with Coinbase.... like 2 weeks for my funds to show up in my wallets... same with Kraken, 55 days!!! What the heck?
It's crazy, right?
Agree to disagree
I have shopped every exchange to buy coins, and coinbase is the cheapest, and quickest, for using your debit/credit card. It's simple and FAST. The majority of exchanges do not transact with USD, and those that do, are outrageously priced. I buy, and immediately export to whichever exchange I am needed to trade on. I would never use coinbase as a wallet to store coins. Yes, they've obviously become overwhelmed with the crypto currency boom going on, and their customer service is obviously in disarray. But, they are one of the cheapest, and one of the easiest to use. If you know what you're doing, you can be in and out in minutes, with no need to interact with SC. Hopefully one day something better will come along. But for now, buy, and send them elsewhere.. Happy trading! :)
It's the cheapest but it's only good when it works. When it doesn't, all hell breaks loose. Especially if you're trying to become a bigger buyer/seller
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What do you think about CEX.IO, they have been offering splitting service.
Check it out https://steemit.com/cryptocurrency/@jorgedr0id/double-of-your-bitcoins-cex-io-offers-bitcoin-split-service
Cex is very expensive
Yes, It is true but wouldn't be that option profitable?
Great video! Segwit is killing me, I want to buy bitcoin! Fork sake!
Great Vid, as always i dont personally use coin base however it still gives a insight and i will defenitly not be recommending coin base to anyone
:)
@avilsd, Sorry to be a bit of a pain in the arse, did you get the email about the thimbnails. I think I used the i may have found a different one. I used your business inquiries one:
[email protected]
is this the correct one
LOVE your posts and style!! First of all I would like to state that Coinbase (in my experience) is a very solid company with an amaizing GUI and a seriously able, friendly and understanding ...but completley understaffed helpdesk. They try and ultimately will always do the right thing in my experience... but it takes time. To much time. So much so, that it causes stress, in some cases losses & ultimately drives customers away once they have had to deal with them personally. I have experienced my share of all the above and lost quit a bit off money. My first post on Steemit was titled : WARNING COINBASE USERS : THINK TWICE BEFORE YOU TRAVEL! I would advise all Coinbase users to read it. Here's a link :https://steemit.com/cryptocurrency/@bigb123/warning-coinbase-users-think-twice-before-you-travel-to-cuba
PS: Ordered a ledger blue hardware wallet & transferred funds to Bitstamp with free ETH trading until 1 October ;) pending delivery :)