NOT COOL, COINBASE. 3 Strikes and You're OUT!

in ethereum •  7 years ago 

Three strikes for Coinbase now...

I've never used an app that has messed around so much... I thought they're supposed to be super professional and easy to use...

Here are the 3 strikes:

1st strike for going completely offline for hours at a time few weeks back. No access to my account when I needed to make a transaction. Tough.

2nd strike for keeping me at a $250/weekly limit for MONTHS. Like I've given you all my ID verifications, and I make a succesful transaction every day... what more do u want?

3rd strike for not even letting me buy Ethereum when it's super low. LIKE RIGHT NOW.

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Any suggestions for raising my $250 limit? I don't even wanna use Coinbase, but my Kraken wiretransfer still hasn't gone through and it's been almost 2 weeks....

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Are there coins available in Canada for https://wallofcoins.com ? You'll get your coins fast...especially once you've already completed a purchase and sent pictures of your receipts! It has been 4 years since i've used coinbase--and I had only used it to store some coins to pay friends with. I've heard so many horror stories xD

Coinbase is awful. Crashes on price dips and spikes. You would think they would have cleaned up their act by now.

Yeah, theyve been around for a while as well, you would think they would be more aware that they couldnt do things like this, im sure a lot of people have stopped using their platform because of this.

One of the main reasons you use is an exchange is to be able to purchase quickly on the dips

Is there something besides coinbase? I haven't looked into getting my money into my bank accounts yet and I keep seeing things like this pop up.

if you're in Canada or the USA: https://wallofcoins.com

Thanks will look into.

What is with the high fees they charge??

Not sure why you are having the problems. I got my account a year ago and everything has been fine. Perhaps it is because I have been around before the huge influx. Try and continue to be patient. All exchanges are understaffed. Crypto talent is hard to come by. Keep requesting the increase and order (when the site will allow you to) at least once or twice per week and they will automatically increase your limit.

While I still think it is the best service available, Coinbase certainly has too many issues and is clearly experiencing growing pains.

If you want to increase your limit you need to upload ALL forms of I.D.

As for your 1st point... everyone rants about this!

They know it's a problem yet do nothing about it... absolutely useless!

Use a different exchange... "Kraken" or "Poloniex" are good.

Agreed! What other alternatives do we have, cause this is bullshit?

Its always worked for me. Just upped my limit yeasterday with ease. Had my account for a while though, not sure if that matters.

This very interesting stuff.

offline on dips sad

I was able to get some ETH today on coinbase @228$..finally! Now I cant even get a current quote on their site?..^%$#^$&!!!

we need a major company like amazon to buy into this cryptoshit. coinbase is fat liability. however I use coinbase as I don't know any trustworthy alternatives to use.

There's lots. just google for them. Try the Winkelvoss Gemini exchange, or Kraken.com

buy or make a hardwallet and instantly transfer your coins to it after you buy.
Trezor supports litecoin, bitcoin and ethereum as well as all eth tokens.

Pfff, coinbase sucks periode

I missed out 3 different times when Coinbase took their service offline, making it unavailable to all to buy or sell. I still keep their app on my phone to see the charts but not using them anymore. Not dependable in my opinion.

Can't even sell in Canada..... Like whaaaaaaat?

Not that'd I'd be selling rn lolol

I've had some of the same issues, it's ridiculous. Planning on pulling out as well.

I've also been working over at Gemini. They seem to have a good rep, were very easy, and trades don't cost as much.

Good luck.

I've heard most of the exchanges, if not all, have been down at some point in time. It's not like trading stocks at td ameritrade or anything. and their fees are high, but do you really want to use a company that charges the cheapest?

Having said all that, I am looking elsewhere too. Maybe bitfinex or kraken, although those have had their problems recently too.

ps--seems like coinbase is up now.

Coinbase is just brutal.

Coinbase sucks. I've bailed from coinbase. I was trying to buy ether when it was at $60 and my account at coinbase was frozen for 3 weeks! The opportunity cost was beyond belief!
I've now got myself set up on multiple exchanges and keep my coins distributed.

I bet you've never heard of Pocket Change Crashing...
I have a recent post that may interest you...
@pocketechange

yer i'm trying to get my money out of it. i've made a profit now i want the money in my bank account. coinbase is making me jump through hoops

Coinbase drives me nuts.

Ditch it man

Yeah I was trying to buy some ether and was relatively pissed off for a few minutes. But I'm new to all of this.

Hi @tedcarr, I just want to have your attention for a petition about the acceptance of Bitcoin and Litecoin at Amazon, as can be seen in the link below. If we can take care of this, the crypto market will become much bigger and will be taken serious. Please take a look and share it to make this big. I know Amazon is one of the biggest companies out there but if we can collect thousands of signatures we will give a serious sign for acceptance. I if you don’t like the promotion of this petition please give me a call and I will remove it. I just want to make this big. Thanks in advance (upvoted your post).
https://steemit.com/crypto-news/@unknowncrypto/amazon-a-big-step-for-crypto-acceptance

coinbase is really dumb i have a 55 dollar weekly cap after i gave them my id and phone number...... yes $55 dollars a week wth

Rightly said...followed you man!

I've had nothing but problems with coinbase myself. Anytime the crypto tanks you can't even buy or sell as their site goes down. A lot of the exchanges are having growth problems. They can't keep up. It's ridiculous.

Coinbase is a joke really. Think about investing in some mining contracts, like on Genesis Mining. You'll get a steady daily payout in a range of cryptocurrencies of your choice. Then you can just go and dollar cost average your earnings into smaller coins or whatever you want on the exchanges, like Poloniex, Bittrex, Bitfinex etc., or just hold what you get mining in your personal wallet. I'm not saying go all in but I think it's good to complement regular buying through Coinbase or whatever.

I don't think now is the time to really be buying a lot though, the crypto market as a whole has already done it's hockey stick pattern thing. Personally I'm holding back from putting any more fiat in until after a major crash, or at least after August 1st. Just holding on to what I have for now.

Great info...I have a coinbase account and it really seems like they can't handle the volume. I have a bitcoin video that talks about no way we are in a bubble, just wait till all the Investment banks start pouring into the cryptos! The Vampire Squid aka Goldman Sachs just file several patents for cryptocurrencys!
https://steemit.com/bitcoin/@coachacker/cryptocurrency