Fuck centralised exchanges.
Just use Bisq or similar P2P exchange. Much less fucking around.
Tell HN: Coinbase is a joke (product and support)
51–60 of 134 posts
Re: Tell HN: Coinbase is a joke (product and support)
#52I'm on Coinbase's side. From their point of view, this story reads like "I am trying to launder money". Why not just use a payment method with a settlement period, instead of insisting on using a (new) debit card?
You're on the side of the company with crap support ghosting its customers? For your users' sake I hope you're never in charge of running a business.
Re: Tell HN: Coinbase is a joke (product and support)
#53I mean, it sounds like something a US based crypto exchange is going to AML/KYC the shit out of you for, imho but I'm American.
I have extracted more value from Coinbase than most though. I had (and had to wait through) my withdrawal limits being raised during the 2017 bull run.
Hammering your bank daily for 30+ days because of withdrawal limits ain't cool.
Re: Tell HN: Coinbase is a joke (product and support)
#54Ukrainians aren't under any kind of sanctions so why not just use a service like Wise? As for anything related to crypto, most of it is a scam so it comes as no surprise that the few companies trying to be legit in this field are under so many restrictions it's incredibly inconvenient to use them... Anyhow, everyone I know transfers money to Eastern Europe with Wise.
One issue could be, let's say the war turns and it looks like Russia will gain a lot of territory and drastically reduce Ukraine - their currency will then crash and the payments made to the contractor might become nearly worthless. At least with BTC it will be mostly unaffected by the war.
Re: Tell HN: Coinbase is a joke (product and support)
#55Coinbase is a hit & miss.
1) For a corporate account, try Gemini or Kraken.
2) Also you should consider paying in USDC (I see in your response that recipient requests BTC), but paying in stablecoin will make your accounting life much much easier. The recipient can convert to whatever crypto they prefer after.
3) There are multiple companies that can help with international payroll. If you don't need your own crypto account and don't want to manage it, consider a service like Bitwage (https://www.bitwage.com/) to handle payroll for you.
Re: Tell HN: Coinbase is a joke (product and support)
#56Coinbase sucks but this isn’t the way bitcoin was meant to solve your issue. You can buy bitcoin anywhere and send it freely. You don’t have to use a dumb exchange. It is not decentralized anything at the level you are doing it—you are simply using coinbase to act as an international banking platform
Re: Tell HN: Coinbase is a joke (product and support)
#57I would like to get into crypto (for transfer, not for asset speculation) but can't understand the point of using a decentralized ledger and yet using these centralized exchanges which control the on/off ramps. Isn't the whole idea not to rely on gatekeepers? There's been news (Canadian truckers incident) where the government told Paypal/Visa/Mastercard etc to stop the flow on crypto currency. Am I missing something…
How else would decentralization work besides being peer to peer? Of course it’s more inconvenient that’s why centralization always seems to win.
Okay sure, but this seems kinda janky, no? I have to go to a cafe, hand some stranger some cash for btc and sit around for what an hour with them, so it can clear/propagate.
Re: Tell HN: Coinbase is a joke (product and support)
#58I would like to get into crypto (for transfer, not for asset speculation) but can't understand the point of using a decentralized ledger and yet using these centralized exchanges which control the on/off ramps. Isn't the whole idea not to rely on gatekeepers? There's been news (Canadian truckers incident) where the government told Paypal/Visa/Mastercard etc to stop the flow on crypto currency. Am I missing something…
what you're missing is that Bitcoin is still a prototype. The intent was for it to be decentralized but people are still trying to achieve that, and once it became popular, it became overrun with scams and get-rich-quick schemes.
You can critisize many things about bitcoin, but it is definitely decentralized...
Re: Tell HN: Coinbase is a joke (product and support)
#59I'm on Coinbase's side. From their point of view, this story reads like "I am trying to launder money". Why not just use a payment method with a settlement period, instead of insisting on using a (new) debit card?
I read it like you read it. But I'm just a stupid American who gambles.
Re: Tell HN: Coinbase is a joke (product and support)
#60Earlier quoted context omitted.
> and transfer your Bitcoin directly OP was trying to get the Bitcoin in the first place.
That doesn't seem correct. It's pretty simple to buy BTC on Coinbase and then transfer it to another wallet. Then you can do anything you want with it.
I hope you read the post, where he says that he can buy on his personal account but not his business account.