Can we stop with this Coinbase spam?
Update on Bitcoin Cash
211–220 of 239 posts
Re: Update on Bitcoin Cash
#212Is there a viable alternative to Coinbase? Their support is absurdly awful. Two months and they sent two auto-replies to a simple ticket that couldn't be answered by the knowledge base. They don't care about your money - so long as it's already in their vault.
Gemini. I have been a customer of Coinbase for 4 years and Gemini for 6 months. Gemini's withdrawal to bank accounts are faster (same day). Support is more responsive. That said, both companies are licensed, 100% legit/trustworthy, and I like both honestly, but sightly prefer Gemini overall. Each company is a decent alternative to the other IMHO.
Gemini's identification process is a bit ridiculous imo. After sending them a copy of my drivers license to prove my identity, they emailed me back asking for copy of my most recent pay stub. Ah, no. That's farther than I'm willing to go.
A quick google search leads me to stories about Gemini calling employers after receiving paystubs...
Re: Update on Bitcoin Cash
#213I have been a long time coinbase user. I have been very unhappy with their support. I have been unable to add additional funds to buy both additional ethereum and btc from their site, even after contacting them repeatedly about this ... but never getting a reply. I did multiple identity verifications and connected bank and credit cards. No luck in being able to transact properly. Bitcoin Cash was a forcing function a…
I, too, have had terrible past experiences with Coinbase and I no longer use them. I now buy on Gemini for fiat -> BTC and use other exchanges for altcoins. That said, I no longer keep any crypto on any exchange, including Gemini. The whole point of Bitcoin is that you are your own bank via ownership of your private keys. By giving them to Coinbase, you centralize the system, concentrate the risk, and create honeypot…
If you're an above-average HN reader who knows something about security, then absolutely you should hold your own coins.
But for the average person the chances are much higher that they will get hacked or lose their keys than losing their coins on Coinbase.
Re: Update on Bitcoin Cash
#214Honestly, I don't understand why everyone trashes Coinbase. I work very closely with numerous crypto exchanges for a living (I write code which interfaces with them). Outside of work, I've personally chosen to open a Coinbase account and trade on GDAX. Coinbase is, in my opinion, the most reputable exchange out there by far.
I generally agree here, but 1. their buy/sell ACH fees are insane, 2. They're always the first to go down in those high panic button situations that have been happening every other week since may. FWIW, Kraken may require a wire, but my money always gets in the exchange for $5, and site is more reliable... the fees are 80% cheaper.
> their buy/sell ACH fees are insane
It's a form of price discrimination. Only ignorant end-consumers pay the crazy broker fees. Anyone slightly sophisticated deposits USD via ACH (nearly free) and then transfers to GDAX and does their trading there (0-0.25%).
Re: Update on Bitcoin Cash
#215Maybe I'm just not getting something in my slow brain, hopefully someone here can explain. How does taking out my BTC out of CoinBase ensure I will receive an equivalent amount of BCH? I bought 200$ worth of BTC in the past from CB, and promptly moved to an Exchange. Does that mean I will get whatever amount of BTC I purchased back then in BCH? If so, why? I understand there was a fork, but I don't get why I'm entitl…
You got a lot of replies, but I don't see one critical point addressed. You said you moved from Coinbase (no internal caps) to an exchange. So we can't tell whether you'll get any BCH. If you don't know the private keys for your funds, then you can't spend those funds. You can only ask whoever has your funds to spend them on your behalf. Coinbase hasn't implemented the infrastructure to spend from anything but the ma…
> Someone at Coinbase is slapping their forehead right now reading your story because you pretty much jumped out of the frying pan into the fire when you transferred from Coinbase to an exchange (rather than a wallet you control)
Actually, transferring from Coinbase to an exchange was the correct move. If you transferred BTC before the fork to an exchange that quickly implemented BCH trading you would have been credited and been able to trade right away. People (like me) who did the 'correct thing' and withdrew to their own wallets now have to wait days to deposit to a BCH exchange and will likely never see $700 BCH again.
Re: Update on Bitcoin Cash
#216I have been a long time coinbase user. I have been very unhappy with their support. I have been unable to add additional funds to buy both additional ethereum and btc from their site, even after contacting them repeatedly about this ... but never getting a reply. I did multiple identity verifications and connected bank and credit cards. No luck in being able to transact properly. Bitcoin Cash was a forcing function a…
I, too, have had terrible past experiences with Coinbase and I no longer use them. I now buy on Gemini for fiat -> BTC and use other exchanges for altcoins. That said, I no longer keep any crypto on any exchange, including Gemini. The whole point of Bitcoin is that you are your own bank via ownership of your private keys. By giving them to Coinbase, you centralize the system, concentrate the risk, and create honeypot…
Given the high profile attacks on crypto exchanges over recent years, how much trust do you place in Gemini securing your SSN, proof of ID, and proof of address?
Re: Update on Bitcoin Cash
#217What an inconvenient waste of time trying to be proactive and moving my BTC out of Coinbase ahead of the fork -- just like Coinbase said to. Would have been nice if they could have decided this before hand...
Moving out of Coinbase took you fewer keystrokes than typing that comment.
Right, withdrawal is easy. Figuring out how to actually claim my BCC was a (figurative) eternity. Appreciate your dismissive attitude though! Bottom line, Coinbase could have made this easy. It's not like this was some random fork by some nobody faction. I want crypto coins to succeed and it won't happen as long as we have to manage our own wallets and such.
Re: Update on Bitcoin Cash
#218What an inconvenient waste of time trying to be proactive and moving my BTC out of Coinbase ahead of the fork -- just like Coinbase said to. Would have been nice if they could have decided this before hand...
I think we've got some Coinbase employees and investors taking this comment pretty hard. Oh the chilling effects.
Re: Update on Bitcoin Cash
#219At first I was like, why a whole year?!
Then I realized there is a little less than 5 months left of 2017... Time is fucking flying!
Re: Update on Bitcoin Cash
#220When Ethereum Classic hit the markets Coinbase did the same, ignoring it first, then giving in, however it turned out because of missing replay protection (thanks to vitalik) Coinbase had to buy back ETC on other markets first. Feel free to draw your conclusions based on this information.