Bitcoin wallet COINBASE now seizing accounts of Americans… users rage against “total ripoff” as their Coinbase accounts VANISH

in bitcoin •  8 years ago 

Has anyone heard more or experienced this? For those of us in the US, this is very troubling news.

http://newstarget.com/2017-06-13-bitcoin-wallet-coinbase-now-seizing-accounts-of-americans-total-ripoff-accounts-vanish.html

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Is this actually true? And if so how is this not theft? Any lawyers up in here?

You get my upvote LOL

Interesting. There are some states where it is illegal to trade/own cryptocurrency. It's legal in NC, but probably time to get everything off Coinbase!

Sorry about the delayed response. I plan to hold BTC for the long term, so I'm thinking of cold storage. Do you know if these comes with some sort of directions to accomplish the transfer? Or, if I continue to use a hot wallet, what recommendations do you have as alternatives to Coinbase?

Could use a hardware wallet like trezor or ledger. And only put money into exchanges if you're making a trade...or even use shapeshift.