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Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

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101–110 of 233 posts

Re: Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

#101
post #94
post #8

Coinbase should solve it's coinbase trust issue. I bought a small amount of litecoin almost 2 weeks ago, i'm well past my "delivery by" date, my funds left my bank account over 10 days ago, yet I still don't have my coins in my account.

To counter anecdote with anecdote, I've had no issues with coinbase and have found them pleasant to use. That includes transferring to gdax/selling/withdrawing, etc.

It's happened to a lot of people, and recent coinbase news supports the parent's anecdote.

Re: Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

#102
post #32

EDIT Yuck, this blew up and I think alot of people took it the wrong way. I think Coinbase is great, and I'm sure everyone who works there is awesome and terrific at their job. Anyone who has worked on any half way successful project knows just how hard both uptime and security are and I'm in no way upset at Coinbase for having growth issues. I've done this for years and might not even get an interview with them. The…

> every day at midnight for 10 minutes is fine No it is not. Coinbase has clients all over the globe. It is always regular trading hours.

I think the point was that there would be a _defined_ period where everybody knew that the service would be unavailable.

If that were peak-trading time for a particular locale that would be unfortunate, but the regularity would be preferred to failing under unexpected load at random times of the day.

Re: Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

#103

It is not easy to build a company/service like Coinbase; having said that, I think that Coinbase in its current state is slightly better than a joke, starting from their customer support.

Contacted their support 13 days ago about my account somehow being restricted (can't buy or sell). Not a peep besides the automated response. 13 days and counting... Wonder if anyone has an outstanding ticket being ignored that's longer than that

Don't expect to get an answer. I had an issue as well, hasn't been resolved after 3 months. Their phone support is even a bigger joke. 2 hours of waiting and no answer then they just hang you up. GDAX (owned by Coinbase) is the same, I wasn't able to download the statements because login was suspended for some reason.

Re: Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

#104
post #53

I’m confused by this bit: > “But first, Coinbase...needs to legitimize itself -- and bring in revenue...” Like it doesn’t have revenue? It’s daily volumes of BTC are around 30k. Sometimes a lot more. Plus ETH. Plus LTC. They must be making at least a million per day in trading fees. They’re a money printing machine at this point.

On Dec 9, LTC's creator posted that GDAX/Coinbase made $2MM in fees on LTC alone that day: https://twitter.com/SatoshiLite/status/939476331397390336

Re: Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

#105
post #8

Coinbase should solve it's coinbase trust issue. I bought a small amount of litecoin almost 2 weeks ago, i'm well past my "delivery by" date, my funds left my bank account over 10 days ago, yet I still don't have my coins in my account.

Agreed. I sold some ETH and deposited the funds into a USD wallet, which Coinbase decided to close due to eligibility restrictions once the funds were already in it.

I've had a ticket open for about a month w/o access to those funds.

Re: Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

#106
post #8

Coinbase should solve it's coinbase trust issue. I bought a small amount of litecoin almost 2 weeks ago, i'm well past my "delivery by" date, my funds left my bank account over 10 days ago, yet I still don't have my coins in my account.

Use support less. Write to Attorney General more. Dont demand. Require.

Re: Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

#107
post #78
post #30

Earlier quoted context omitted.

Someone has to trust someone in order to do a transaction between a cryptocurrency and something else such as USD. That's because the transaction is actually two transfers, one of cryptocurrency and one of USD, that have different clearing and settlement properties.

What’s your point? I thought we were talking about cryptocurrency transactions and the need for uptime on exchanges.

Crypto to real money transactions are the important ones exchanges are for. It's no use if you can't cash your winnings.

Re: Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

#108

Until the situation with bitfinex pumping billions of unbacked tether into the ecosystem is resolved, doing anything involving bitcoin right now is insane. They’ve released almost $200 million worth of tether in the last day .

Their audit was a couple months ago, but showed 1-1 backing at that time. Do you believe that was falsified?

Re: Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

#109
post #94

Earlier quoted context omitted.

To counter anecdote with anecdote, I've had no issues with coinbase and have found them pleasant to use. That includes transferring to gdax/selling/withdrawing, etc.

It's happened to a lot of people, and recent coinbase news supports the parent's anecdote.

There are hundreds of similar complaints about Coinbase on their sub-reddit just within the last week or so, many including support ticket numbers. People are getting pretty freaked. https://www.reddit.com/r/coinbase

Re: Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

#110
post #94

Earlier quoted context omitted.

To counter anecdote with anecdote, I've had no issues with coinbase and have found them pleasant to use. That includes transferring to gdax/selling/withdrawing, etc.

It's happened to a lot of people, and recent coinbase news supports the parent's anecdote.

Yep. I follow the ecosystem closely (not invested, just fascinated by it) and there are an incredible number of complaints about coinbase in general, and their atrocious support in particular.

A VC-funded SV company should do better.

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