Comments on: Coinbase Review: Ultimate Guide to The Top Crypto Exchange https://blockonomi.com/coinbase-review/ Cryptocurrency News & Your Guide to the Blockchain Economy Wed, 17 Jan 2024 18:49:30 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Lisa https://blockonomi.com/coinbase-review/#comment-89511 Wed, 08 Jan 2020 02:37:21 +0000 https://blockonomi.com/?p=1265#comment-89511 Highly ethical company. When my son passed they worked with me, after giving them the necessary legal documentation, to gain access to his investments. They are 100% trustworthy unlike Binance who basically told me I was screwed and that they were keeping his money.

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By: Dan Lewis https://blockonomi.com/coinbase-review/#comment-63407 Thu, 19 Sep 2019 22:19:32 +0000 https://blockonomi.com/?p=1265#comment-63407 Well, other than the outright LIE about Coinbase being easy to set up, it’s a fine article.

You have to do A LOT MORE than just give name and email!
You have to jump through LOTS OF HOOPS and if you don’t do it EXACTLY right, it all goes to crap. You wind up waiting DAYS for them to do something, and then…they don’t.

You can then contact them, and their system will give you a case number, and that’s it.
After a while, they’ll close down your case number, whether you like it or not.

Their outgoing phone message tells you that they’re ‘Very Busy’.
They’re ALWAYS ‘very busy’ and you NEVER get to talk to a human.

It’s a shit show. I recommend saving yourself a major headache.
The guy in San Francisco who set it all up, should be in prison.

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By: Jason https://blockonomi.com/coinbase-review/#comment-61037 Thu, 12 Sep 2019 22:11:06 +0000 https://blockonomi.com/?p=1265#comment-61037 Coinbase sucks. They place ridiculously long holds on purchases. If you ever contact customer support, they only reply with policy quotes, they never actually answer questions. Coinbase is just a terrible service.

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By: Cynthia Nadolny https://blockonomi.com/coinbase-review/#comment-21656 Tue, 30 Oct 2018 04:45:50 +0000 https://blockonomi.com/?p=1265#comment-21656 Coinbase has adopted the centralized bank mentality… which defeats the purpose of crypto currency trading.
For instance – if you bite the bullet and pay the extra fees, you can add money from your Visa/debit. You might think, Great! But wait… the only thing you can do with the funding is trade within their platform – you can NOT withdraw it to another exchange for up to 10DAYS, even though the funds from Visa transfers are available almost immediately.

So, as long as you only want to trade within their limited platform, and you don’t plan to need any of that money to be withdrawn from Coinbase, for 7-10DAYS, so be it. But, if like me, you limit the number if exchanges with access to your bank, and would like to use Coinbase as a “loading and transfer” wallet… guess again.

So sorry, you have to sit and watch your perfect buy moment slip away in another exchange because your money is being held hostage on Coinbase.

Live and learn. FYI … limited trading, average fees, but Abra allows you to load fiat and withdraw immediately after it’s cleared. AmEx fees are lower. Bank transfer are free, but take longer due to the bank itself. Mine are usually available within a few hours.

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By: Kaleb https://blockonomi.com/coinbase-review/#comment-21635 Mon, 29 Oct 2018 07:27:41 +0000 https://blockonomi.com/?p=1265#comment-21635 To preface my review, a brief summary of my profile and usage: I have been using Coinbase 4-5 months and have traded less than $10,000 in volume to-date. I am not a professional with a large account. If you have a larger account, you may receive better service, I cannot comment on that. If I do decide to commit more money to digital currency trading, I will NOT be doing so with Coinbase.

Setup and User-Interface:
Setting up an account is simple and easy – if I could rate the account-setup process and the user interface separately, they would both receive five stars. However, since the purpose of using a digital currency exchange is to – obviously – exchange digital currency, I can only say stay away.

The Problems:
My account has been frozen several times. Each time I contacted customer service I received inconsistent responses. They always offer some variant of “for your protection” or “for your convenience” or “for security purposes” but ultimately they offer no information and just unfreeze my account. In addition to account freezes, I have also had several unexplained holds placed on transactions that result in funds being inaccessible for up to two weeks. The site explicitly states that if you use a debit card to make a purchase the funds are available immediately to send, withdraw or sell, THIS IS FALSE. I have had MULTIPLE debit card transactions held for weeks. If you are (as I am) looking to make money by selling when the price is up and buying when the price is down I STRONGLY SUGGEST using a different Bitcoin exchange. My experience with Paxful and Coinmama have been positive, but that is only my experience and I am just one person.

I failed to exercise due diligence with Coinbase and it has caused me loss and frustration. I hope the above information is helpful in keeping others from making the same mistake as I did.

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By: Victor https://blockonomi.com/coinbase-review/#comment-19660 Sat, 06 Oct 2018 20:59:52 +0000 https://blockonomi.com/?p=1265#comment-19660 In reply to Penelope Woollford.

have you tried to withdraw your crypto?
trust me, these guys where very reliable in the past, now even the website is full of functional issues and withdrawing your own crypto, with a fully verified account, years old, you will have big issues and long long long delays.

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By: Victor https://blockonomi.com/coinbase-review/#comment-19659 Sat, 06 Oct 2018 20:57:16 +0000 https://blockonomi.com/?p=1265#comment-19659 Do you recommend Coinbase?
They have big issues with their website, and withdrawing your funds can be close to impossible lately.

I am never going to use it again (I used to be a happy customer for years).
Now I have the strong feeling they are close to exit in a nasty way.

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By: Amoy Sim https://blockonomi.com/coinbase-review/#comment-19633 Sat, 06 Oct 2018 12:44:44 +0000 https://blockonomi.com/?p=1265#comment-19633 For new user please register coinbase https://www.coinbase.com/join/5b8bcb8ae1a0b211d1758ce0

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By: Penelope Woollford https://blockonomi.com/coinbase-review/#comment-19598 Fri, 05 Oct 2018 19:12:16 +0000 https://blockonomi.com/?p=1265#comment-19598 I think Coinbase is a great way to get started with crypto
Currency and I also found the customer service team to be patient
And helpful…….quite the opposite of some of the negative reviews here….

Found it quite easy to use……growing and improving

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By: Divakaran https://blockonomi.com/coinbase-review/#comment-19484 Wed, 03 Oct 2018 19:40:30 +0000 https://blockonomi.com/?p=1265#comment-19484 why so many bad reviews. Why Coinbase is not taking any action to improve the customers problems.

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