RE: 1897 - Bitcoin Down - Coinbase Down

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1897 - Bitcoin Down - Coinbase Down

in bitcoin •  7 years ago 

@joseph is coinbase reliable?
I saw @stellabelle's last post about it
btw .. it's climbing up again - BTC is

bitcoin
7 years ago by

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      ·  7 years ago 

    Coinbase is now FDIC insured for your $US portion of your account. Not for the crypto portion. So as far as safety it is safe for your Dollars . Reliable, depends on what you compare it to, it's one of the biggest exchanges with the largest number of customers, that means downtime when there is heavy trading is possible, like today. & yes bitcoin will recover, but I am not giving any trading advice here, just my guess.

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        ·  7 years ago 

      I only use it to buy BTC and cash it out. It's good practice to immediately shift it to a hard wallet if you plan on holding it for any amount of time.

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        2 votes
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          ·  7 years ago 

        no worries about the btc "advice"
        I believe in taking my own responsibility
        thanks for the info about it btw
        a friend is using that
        but I'll just share this to her

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            ·  7 years ago 

          @englishtchrivy Coin base helped the crypsty CEO Paul Vernon launder millions of bitcoins from at the expense of cryptsy customers. More of the same of the TBTF, best to move your money into open source wallets like electrum. Otherwise you can lose like i did from Cryptsy. Lesson learnt.

          Source here ->>>http://www.coindesk.com/coinbase-to-face-trial-over-possible-role-in-cryptsy-exchange-collapse/

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              ·  7 years ago 

            tsk tsk tsk
            that's like b***s

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