is coinbase safe ?

issorc said:
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.
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Does sending a wire from a bank costs any additional charges ? After Bank wire could you see the funds instantly and what about the Private keys thing, I mean is coinbase handling it for you, or you chose to store them themselves ?

Thanks,
Anti_dote
 
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anti_dote said:
Does sending a wire from a bank costs any additional charges ? After Bank wire could you see the funds instantly and what about the Private keys thing, I mean is coinbase handling it for you, or you chose to store them themselves ?

Thanks,
Anti_dote
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Totally depends on your bank and where you live. I can only speak for Germany, where it's completely free afaik. Bank wire's usually take up to 3 days to proceed, but I got my funds like 7h after I send the wire so it was pretty fast and I'm sure you get the funds right after the wire reaches their bank. I don't really know what you mean with the private key stuff.
 
Most of these platforms used to be good but then because of the volatility of cryptos, they do default in some of their promises. What i think yous should do is go with the one that has a fair review since evrything in life comes with risk.
 
Been using it for a month now and it sucks. Goes down when big volume happens, & you can do nothing for days.
 
Bitcoin confirmation times are out of the normal lately. Also volume is surreal, there's been more Bitcoin traded in the past 3 months than ever before it.

Everything in Bitcoin is slow now, not only Coinbase.

Never heard of any scam in Coinbase so far.
 
Where can i buy ethereum and other forms of coins using Paypal or credit card?
 
bartosimpsonio said:
Bitcoin confirmation times are out of the normal lately. Also volume is surreal, there's been more Bitcoin traded in the past 3 months than ever before it.

Everything in Bitcoin is slow now, not only Coinbase.

Never heard of any scam in Coinbase so far.
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Yea something to do with the limit of transactions per second right?
 
I still use coinbase to buy btc. However, I am planning on transferring to Kraken due to how the handled the ETH crisis earlier this week by locking down on sell/buy orders for eth to keep eth stable on their exchange. Which imo is super sketchy. However, for starting out it's fine. If you live in the EU, then just use blockchain.
 
anti_dote said:
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
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I have read tons of articles saying that it is not safe..
 
Coinbase is terrible. If you have any issues, it takes two months to get a response from them and it is usually just some generic tech support that doesn't solve the issue.

The also scam by "going down" when there is a price drop.

If you can, try Gemini first, if not, then try Kraken.

NEVER fully trust any exchange.
 
mon3y4me said:
Where can i buy ethereum and other forms of coins using Paypal or credit card?
Click to expand...
Would like to know the same. I bought BTC via credit card on Bitstamp, they said there are no fees - well thats was true, no fees, just TERRIBLE exchange rate between USD and BTC so I paid 7% hidden fee at least.

Is there any better way?
 
I have personally never used Coinbase. But I have a friend that has used it a few times and never had any issues with it.
 
I have used coinbase without issues and still use it but as a Canadian I can't cash out any crypto. I just found out today about www.quadrigacx.com. I will give them a try soon.
 
Coinbase is trash.. Use gemini.com i have done several large (10k+) transactions with them without any issues. Plus their fees are wayyyyy lest $25 per $10000 buy or sell which is great.
 
I have used coinbase for quite some time and have had no issues. interesting to read the stories from other coinbase users, sorry to hear some people have it bad. but I agree with earlier comments that you can find complaints for anything
 
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