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Coinbase is crap ;)

Discussion in 'CryptoCurrency' started by vinku, Jul 29, 2017.

  1. vinku

    vinku Jr. VIP Jr. VIP

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    I want to just say that coinbase is s.hit :)
    Ofcourse many of you will tell me: use offline wallet, I am using but coinbase was cool for small transactions when I was informed on email about payment.

    However, last 12 transactions are... manual oO They not appear in blockchain, status pending for 24h and after writing support, coins are released in magic way. It's not single situation, it's normal for them.
    So... coinbase is crap, going to use offline wallet always.
     
  2. Waka Aka

    Waka Aka Newbie

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    Newbie here, I left coinbase for the same reason, I use breadwallet from appstore, Works really good.
     
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  3. Mehdi Nejjar

    Mehdi Nejjar Newbie

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    well yeah , guys r u now holding btc ?? or altcoins ? or usdt and relaxed??
     
  4. Xr0x

    Xr0x Jr. VIP Jr. VIP

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    Yep, they are, Also their fees are really bad, every withdrawal I feels like someone robbed me
     
  5. SEO

    SEO Jr. VIP Jr. VIP

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    I've used Coinbase a lot and never had a problem, but because of the reports from everyone else, I moved all of my coins over to Bittrex and Kraken. I've never bought BTC, and that seems to be where everyone has their problems at.

    I mainly buy ETH and LTC. I think part of the problem is that BTC can't handle a lot of transactions per second. I often see 5 - 7 transactions per second is the often cited amount. This is why the SegWit stuff is so important as this should help increase BTC throughput.

    As of June 2015, Visa's network alone can handle up to 56,000 transactions per second. Anyways, that's just my theory on why people hate Coinbase. I can't say I've seen a complaint from someone talking about ETH or LTC, but I've also not gone looking for those complaints.

    As usual, just be cautious. Don't put all of your coins in 1 basket, use an offline wallet if possible and keep up-to-date about how the platforms you use are faring. Watch for complaint trends. I noticed a lot of people complaining about Coinbase, so I jumped ship. I still buy coins through them because I have all of the approvals and I can buy with USD, but I move the coins out pretty quickly.