Desperate Coinbase customers turn to SEC with allegations of fraud
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Re: Desperate Coinbase customers turn to SEC with allegations of fraud
#2Wow, I bought some digital currency through coinbase last summer and while I had some annoyances with the transaction limits, high fees and the delays, overall, I think they did a good job considering how fast they were growing. I can't imagine how many fires they had to put out over there, and how hard it would be to recruit knowledgeable and talented people.
That said, the fact that I made enough money to get a new car rather than lost money probably skews my opinion.
Re: Desperate Coinbase customers turn to SEC with allegations of fraud
#3Wow, I bought some digital currency through coinbase last summer and while I had some annoyances with the transaction limits, high fees and the delays, overall, I think they did a good job considering how fast they were growing. I can't imagine how many fires they had to put out over there, and how hard it would be to recruit knowledgeable and talented people. That said, the fact that I made enough money to get a new…
As a Canadian customer, I was pretty steamed that I could buy coins, but they didn't tell me I couldn't sell them until after I'd already purchased. I managed to transfer to MetaMask so it ended up okay.
Re: Desperate Coinbase customers turn to SEC with allegations of fraud
#4[flagged]
Re: Desperate Coinbase customers turn to SEC with allegations of fraud
#5That awkward moment when you appeal to authority, but it is the wrong authority.
Coinbase doesn't trades securities, and had not even registered as a broker-dealer at the time of any of these complaints.
Wouldn't the Federal Trade Commission be the more apt generic regulator to lodge these complaints to?
Re: Desperate Coinbase customers turn to SEC with allegations of fraud
#6Coinbase needs some serious competition. Their site is fine, until you ran into a problem. I didn't have one, but from what I can see, once people run into issues, they are just not resolved, hence frustration.
Re: Desperate Coinbase customers turn to SEC with allegations of fraud
#7That awkward moment when you appeal to authority, but it is the wrong authority. Coinbase doesn't trades securities, and had not even registered as a broker-dealer at the time of any of these complaints. Wouldn't the Federal Trade Commission be the more apt generic regulator to lodge these complaints to?
That brilliant moment when you appeal to the authority to put some complaint on the record, before they eventually try to go public.
Re: Desperate Coinbase customers turn to SEC with allegations of fraud
#8> A recurring theme in the SEC complaint files Mashable obtained is the seeming disappearance of a would-be trader's money
Coinbase uses MongoDB, doesn't it? Asking for a friend.
Re: Desperate Coinbase customers turn to SEC with allegations of fraud
#9Wow, I bought some digital currency through coinbase last summer and while I had some annoyances with the transaction limits, high fees and the delays, overall, I think they did a good job considering how fast they were growing. I can't imagine how many fires they had to put out over there, and how hard it would be to recruit knowledgeable and talented people. That said, the fact that I made enough money to get a new…
As a Canadian customer, I was pretty steamed that I could buy coins, but they didn't tell me I couldn't sell them until after I'd already purchased. I managed to transfer to MetaMask so it ended up okay.
> but they didn't tell me I couldn't sell them until after I'd already purchased
Why would that not be the case?
Re: Desperate Coinbase customers turn to SEC with allegations of fraud
#10Wow, I bought some digital currency through coinbase last summer and while I had some annoyances with the transaction limits, high fees and the delays, overall, I think they did a good job considering how fast they were growing. I can't imagine how many fires they had to put out over there, and how hard it would be to recruit knowledgeable and talented people. That said, the fact that I made enough money to get a new…
In my opinion they did not put out most of their fires; they just let them burn, as I had multiple tickets that auto-response pretty much told me to fuck off and go to their FAQ look for answer, as they will most likely not answer at all (which was true)
Congratulation on your new car; Ethereum bonanza made it possible for me to purchase 6 properties around Palo Alto and be able to rent those out BUT, even if you made only some $ for a car, I strongly advise (probably you did this already) to seek a knowledgeable accountant help as Coinbase share all your info with IRS and I am sure they will be crushing big time (or already started) on those newly minted millionaires (and anyone in between!)
https://www.theverge.com/2018/2/26/17055264/coinbase-cryptoc...