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  1. #1
    MJM
    MJM is offline Private Member
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    Default Avoid coinbase at all costs

    Iíve been trying to transfer btc out of my vault for two weeks now. Technical glitch on their end wonít allow it. Took 9 days with support to acknowledge the error and now six days and counting since they promised to fix it with no reply or communication whatsoever. Funds are literally held hostage. Crypto will never be popular with average users and commerce with top companies and wallets acting this way. Iíd say itís borderline criminal!

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  3. #2
    nfint12 is offline Public Member
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    Default

    Have you tried posting on their reddit ? Seems to be the best way to get a response.

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  5. #3
    BestBonusBets's Avatar
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    Have had a problem with them before.

    One of my stores was paid from a coinbase BTC address. We gave them a refund as the product had run out, we sent the bitcoin back to their sending address, only for coinbase to not give them their funds.

    Apparently the BTC address they send from doesn't receive funds back to their account.

    How crazy is that?

  6. #4
    Ladiepre's Avatar
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    I was stuck between Coinbase and Binance! Thanks for sharing, made my choice easier
    Maybe the journey isn't so much about becoming anything. Maybe it's about unbecoming everything that really isn't you...so you can be who you were meant to be in the first place."-Unknown

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  8. #5
    allfreechips's Avatar
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    COinbase closed me down! presonal wallets are a must then go to the big boys to cash out. Kraken actually surprised me, after it took 3 months to approve me as a real person... this was way back when we went to 19K for BTC too so they were a bit overwhelmed. But anyway I cashed out for the first time a lil while back and they got the money into my bank within 6 hours. Way faster than coinbase was.
    Allfreechips online casino guide offers online casino reviews from our members. Also our exclusive No Deposit casino bonuses are always up to date. See the latest slot machine reviews at Hotslot and exclusive no deposit casino bonuses as well with a good dose of daily online gambling news to learn about pokies

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  10. #6
    sweetbet's Avatar
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    Default

    There are so many complaints about coinbase, it's a wonder that they're still in business. Maybe you can contact them via https://twitter.com/coinbasesupport

  11. #7
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    If you have a company and are converting your btc to fiat right away, you are better off getting setup with BitPay (https://bitpay.com/) with a business account, this way you invoice your affiliate programs from BitPay, they pay it on their end and then the funds are sent immediately to your own bank account and you are not exposed to fluctuation in price of the btc.

    They also issue personal debit cards in the US where you can access up to $3000 a day at atm's https://bitpay.com/card/

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  13. #8
    Voids is offline Private Member
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    Default

    Quote Originally Posted by Ladiepre View Post
    I was stuck between Coinbase and Binance! Thanks for sharing, made my choice easier
    As far as I'm aware you cannot purchase crypto with FIAT at binance.


    Maybe try Bitflyer.eu

  14. #9
    Martyn is offline Non-sponsor Affiliate Program
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    My funds are stuck in Coinbase too. It was my first play around with it last year so not a huge amount, but still a nice amount to not have. They said they can't cash out to my bank as the name on the account is different. One is M Beacon the other is Martyn Beacon!

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  16. #10
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    Quote Originally Posted by Martyn View Post
    My funds are stuck in Coinbase too. It was my first play around with it last year so not a huge amount, but still a nice amount to not have. They said they can't cash out to my bank as the name on the account is different. One is M Beacon the other is Martyn Beacon!
    KYC laws Martyn. They are being a stickler for all regulations because the US government is giving them grief and wants a John Doe subpoena for ALL their users. Coinbase didn't comply, fought and won for a reduction, and now, the screws are being tightened. So they are dotting i's and crossing t's.

    Coinbase is an EXCHANGE people. Don't store your coins there. You don't own them there. Keep them in a personal wallet that YOU control the private keys to. This equates to ownership. Only move funds to Coinbase, or any other exchange for that matter, when you wish to exchange your funds into FIAT.

    And the suggestion to use BitPay for business above is spot on. The fees are cheap. The service is fast. The debit card is sweet.
    https://professionalrakeback.com

    We have bullet-proof revenue-share deals on online poker networks that:
    A) no longer allow them
    B) do not like winning poker players
    C) charge insane fees

    Interested in a sub deal?

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  18. #11
    Martyn is offline Non-sponsor Affiliate Program
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    Finally managed to get my money out, had to send it on to someone else to pay me, after fees and conversion costs it really wasn't worth the hassle. Still, haven't lost out and I learned a bit.

  19. #12
    OscarKaramba's Avatar
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    I've made withdrawals from Kraken and it worked just fine

  20. #13
    Mlndrss is offline Public Member
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    I have used both coinbase and Kraken and have never had any problems... any auggestions for a substitute for counbase?

  21. #14
    GG-US is offline Public Member
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    Quote Originally Posted by PROFRBcom View Post
    Coinbase is an EXCHANGE people. Don't store your coins there. You don't own them there. Keep them in a personal wallet that YOU control the private keys to. This equates to ownership. Only move funds to Coinbase, or any other exchange for that matter, when you wish to exchange your funds into FIAT.
    Ledger Nano and Trezor are both great for anyone looking for a good hardware wallet. Most people store their coins in those wallets and only move the amounts they need to withdrawal to exchanges.

  22. #15
    Bitcoingamblingexper is offline Private Member
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    Never had any issues with Coinbase and Kraken. Would recommend both.

  23. #16
    Online Poker America is offline Private Member
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    Default

    In agree with the comments!

    What did you end up doing? Let us know!

  24. #17
    JimRunCPA is offline New Member
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    Yeah, Coinbase is too centralized and slow, keep away of them

  25. #18
    insiderjoe is offline Private Member
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    There are tons of great exchanges besides Coinbase. It takes high fees and it's centralized.

  26. #19
    Top Domains's Avatar
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    Default

    Quote Originally Posted by OscarKaramba View Post
    I've made withdrawals from Kraken and it worked just fine
    To what country?

  27. #20
    Top Domains's Avatar
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    Quote Originally Posted by GG-US View Post
    Ledger Nano and Trezor are both great for anyone looking for a good hardware wallet. Most people store their coins in those wallets and only move the amounts they need to withdrawal to exchanges.
    I've had a thumb drive or two die on me before. What back up do you have in case one of those devices stops working?

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