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is coinbase safe ?

Discussion in 'CryptoCurrency' started by anti_dote, May 22, 2017.

  1. anti_dote

    anti_dote Power Member

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    Hi, I'd like to buy Bitcoin or preferably ethereums, but I live in a country where coinbase is not supported, so I have asked a close friend of mine to buy it on my behalf. I wanted to know is it safe to buy from coinbase ? I heard they don't let you have keys or will block your account for no reason ? If this is the case if there any other alternative I can use that accepts my country ?

    BTW I was thinking of investing some of my savings into crypto, I know nothing is risk free but I can hold this investment for up-to 1 year, do you think it will be a good idea ?

    Thanks in advance,
    Anti_Dote
     
  2. ShivBurton2r

    ShivBurton2r Newbie

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    Same question here, very interested to know
     
  3. ProfessorFalken

    ProfessorFalken Registered Member

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  4. anti_dote

    anti_dote Power Member

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  5. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    • Thanks Thanks x 2
  6. sk8tavou

    sk8tavou Senior Member

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    Yeap totally agree with complaints for everything. The thing is you can't be sure about anything and i see most people these days with the big push of cryptos are very skeptical and they can't thing clear.
     
  7. ProfessorFalken

    ProfessorFalken Registered Member

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    With legit trading platforms you buy/sell in 30 seconds, not 1-2 weeks.

    If it take that time 99% they use your money for their convenience / is a Ponzi scheme

    Just my opinion
     
  8. Fortune1570

    Fortune1570 Newbie

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    If coinbase is not allowed in your country, you can try blockchain.info
     
  9. davids355

    davids355 Jr. VIP Jr. VIP

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    I have never used them so I cannot say. Only ones I have used are local bitcoins and coinify (Who are recommended by blockchain if you have a wallet there).
     
  10. ThefrostIntel

    ThefrostIntel BANNED BANNED

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    just invest in here: http://localbitcoins.com
     
  11. soa0611

    soa0611 Senior Member

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    btc-e.com - in TOP5 exchanges and works without verification
    and there is also a risk to get your account blocked though
     
  12. anti_dote

    anti_dote Power Member

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    What if you don't have a wallet ? Can we purchase Ethereums with them.
     
  13. davids355

    davids355 Jr. VIP Jr. VIP

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    I only really know about bitcoin and for that you need a wallet to store them. I dont know about ethereums...
     
  14. anti_dote

    anti_dote Power Member

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    Guys what is the best and safest site for buying ethereums ? I tried conify but they are not available in my country, so my only bet is to use my friend's account.
     
  15. jb2302

    jb2302 Regular Member

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    Agree this wite i good. Coin base is also supported in my country. I use this this to sell my bits. And got it done easily..
     
  16. Vapys

    Vapys Regular Member

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    To buy/ sell/ trade crypto currencies try Kraken or Poloniex.
    Good luck.
     
  17. ambushiv11

    ambushiv11 Jr. VIP Jr. VIP

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    What is better between Kraken and Poloniex?
     
  18. Vapys

    Vapys Regular Member

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    This is a matter of opinion...But I prefer Poloniex.
    Try both and decide which better suits your needs.
     
  19. anti_dote

    anti_dote Power Member

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    Are there any platforms that accpet Paypal ?
     
  20. issorc

    issorc Jr. VIP Jr. VIP

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    I went with coinbase yesterday as localbitcoins is not supported in my country and it worked pretty good. Verification was easy and fast and I got my money really fast after my bank wire. I used that money to buy ETH and BTC and got both a few minutes after I bought them. The only problem is the quite high fees.