TheRealLordKai
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Coinbase: Stay with 'em or switch?

Mon Jun 11, 2018 7:13 am

given the news recently (links below), do you think its a good idea to switch away from using coinbase or other services under investigation? Why?
who would you switch to?



https://www.newsbtc.com/2018/06/09/cftc ... stigation/
post193300.html?hilit=coinbase#p193300

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Qyuhn
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Re: Coinbase: Stay with 'em or switch?

Mon Jun 25, 2018 11:46 am

Coinbase is a largest platform for crypto trading and exchanging. I think if you people have invested the legal money then you can stay on the exchange as you will surely pass the investigation. Stay blessed and profitable as well!

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MintDice
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Re: Coinbase: Stay with 'em or switch?

Tue Jun 26, 2018 8:46 pm

You should be alright, as they only seem to lock accounts when fraud is suspected. Their support site says users would still be able to access funds and withdraw if needed but there's a lot of horror stories out there. That said, definitely steer away from holding (all) your assets on these exchange platforms in case something ever does occur with the exchange where they are forced to shut down due to some gov't investigation--you would be completely locked out in this scenario. If you are in the U.S., some other options would be kraken, binance, gemini, but again the same idea applies.
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handycash
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Re: Coinbase: Stay with 'em or switch?

Thu Jun 28, 2018 11:26 pm

Coinbase is suppose to be primarily for buying cryptocurrency. Anyone storing bitcoin on an exchange platform is doing use unwisely and on his own risk. Store your coins in a private wallet or hard drives if you wish to keep safe.

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bitkilo
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Re: Coinbase: Stay with 'em or switch?

Fri Jun 29, 2018 3:36 am

Coinbase is suppose to be primarily for buying cryptocurrency. Anyone storing bitcoin on an exchange platform is doing use unwisely and on his own risk. Store your coins in a private wallet or hard drives if you wish to keep safe.
Good advise +1
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Re: Coinbase: Stay with 'em or switch?

Sat Jun 30, 2018 11:47 am

I think the majority will remain

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Re: Coinbase: Stay with 'em or switch?

Sun Jul 01, 2018 5:34 am

Overall, I think coinbase is a simple, clean platform that offers an easy to use interface for most people. The only drawback for me is the fees which aren't too bad considering the convenience of the app, however this is easily counterbalanced by the fact that they are insured by the Lloyd's of London, making them one of the safest exchanges around.

This review covers the Coinbase exchange well: https://www.smartbitcoininvestments.com ... se-review/
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