Coinbase

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Money & Investing: Bitcoin & Cryptocurrency

Coinbase

Michael J. Kurcab July 4, 2017 at 8:07 am

Greetings all. Does anyone use Coinbase for their wallet/trading? If so, are you happy with them?

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Rafael L. July 6, 2017 at 10:17 am

They are expensive, but I have been using them to buy bitcoins from FIAT using the credit card for 2 years now, then I send the coins to other exchanges to trade.

Their rates are expensive and commisions too, but I don’t want to give my ID to more exchanges.

Also this is spam if you use this link I get referals money (10 dollars if you buy 100 in bitcoins or ether or litecoin). https://www.coinbase.com/join/5678224c5f7b0d766d0002e6

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Douglas Koobs July 6, 2017 at 4:03 pm

I use Coinbase to purchase with fiat, but not as a wallet. It’s generally not a good idea to leave much on any exchange. Download it to a local wallet and/or cold storage. I haven’t yet yet made an exchange between different cryptocoins, but if I do, I’ll probably use ShapeShift. Some wallets have ShapeShift built-in, like Jaxx.

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– July 9, 2017 at 2:43 am

Yeh Mt.Gox and Cryptsy are the perfect example for why you should never trust them as a wallet. Trading may be ok, but just remember not to put in any of your personal details, or make up fake details, as when the site gets hacked for the coins, and it will, they’ll also take all the personal info and that could be where the real trouble starts.

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Japheth Campbell July 15, 2017 at 4:12 pm

I have always used Coinbase for purchasing from fiat currency. I’m considering switching to gemini.com and kraken.com for purchasing. Always store your coin in a personal wallet with private keys you control.

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Kevin Victor August 15, 2017 at 1:09 pm

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  Kevin Victor August 15, 2017 at 7:34 pm
  
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Christopher Carmean February 25, 2018 at 10:23 pm

The trading interface GDAX is also owned by Coinbase, but it doesn’t have the same fees or purchase lockup as Coinbase. It puts some users off because it uses a Bloomberg-like of a trading interface. It can seem intimidating if you have never used a level 2 trading interface before.

If you want to use Coinbase, but don’t want the fees, then use GDAX. I have had great success with Coinbase and GDAX in the past. Currently I live overseas in a country not supported by Coinbase/GDAX, but when I return to the US I will likely return to GDAX.

Please, always remember, that when your cryptocurrency is sitting on an exchange, it’s not really in your possession. It’s pooled with hundreds or thousands of other accounts, and it is at risk if the exchange collapses or suffers a hack. If you are planning to keep your bitcoin for a long time, and you would like to keep it safe, then please get an off-exchange wallet.

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CryptoAuthor April 4, 2018 at 4:38 am

Get more updates about crypto news and Exchange guides, List of coins, Upcoming events, PR here: https://coinpedia.org

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