![]() ![]() Coinbase has started out only as a Bitcoin brokerage service ( selling Bitcoins directly to customers), but additional services were added along the way.Ĭoinbase is fully regulated and licensed. Here’s what I’ll cover in this review:įounded in 2012 by Brian Armstrong and Fred Ehrsam as part of Ycombinator, Coinbase is one of the oldest exchanges around. If you want to get familiar with Coinbase in depth, keep on reading. The rates you’ll get on Coinbase are fair in general, however the customer support is terrible. ACH from Ameritrade to my bank is overnight, if sent before 4 pm.Coinbase is one of the biggest cryptocurrency companies around, supporting over 100 countries, with more than 89 million customers around the world.Ĭoinbase has a wide array of services, but their main service allows users to buy and sell crypto using a bank account, or debit card and lately even PayPal. I wish Binance supports other alt coins, at least Ripple.ĭon't get me started about how long it takes for ACH, it's beyond ridiculous. This is what's so frustrating about investing in coins, it takes forever, buy opportunities varnishes in the hour it takes for money to transfer to another exchange. first coin took 2-3 hours to arrive to binance and the second and third coin haven't even arrived to the blockchain. It should show in my account tomorrow, we'll see.īought 3 ETH today, as a test run, transfer to Binance. ![]() I literally had seconds before the cut off. Did not show up in my account today, but I am assuming it's because i missed the 1 pm PST. Third wire today, did the same as my second wire, only the name as it appears in my Coinbase account. I am assuming my second wire came though, cause i put in the Recipient: only my full name-Exactly the way it appears in my Coinbase profile. Second wire, 10k - 9:30 am EST for the same amount, another 10k.Īround 4 pm EST, got an email that 10K was deposited in my Coinbase account. And felt i should send another wire before 1 am PST. Then I read about the name mismatch business, blah blah. I've sent 3 wires.įirst one, 10k - around 1 am Jan 2, I put recipient: Coinbase - My name. Pay close attention to how this company words their responses, its all in the word play, nothing has changed and its actually getting worse. I have never heard of a company use the time frame of business hours before, They claim rejected wires will be processed (Not returned to your account) with in 48 business hours which to me means 6 business days, 8 business hours a day times 6 days equals 48 business hours. This warning was meant to push you toward another form of money transfer to the exchange to avoid being caught in the wire transfer mess and/or to push you to avoid Coinbase all together.ĮDIT#2 12/26/17 I just noticed on this page: that Coinbase went from talking in "Business Days" on December 15th regarding wire transfers to talking in "Business Hours" on December 20th. You have been warned out of pity for whats going to happen to your money and peace of mind when you decide to over look this message and take your chances.ĮDIT: They are not stealing the money guys (Yet), people are still receiving their money back but very slowly. ![]() I would also advise you to not use Coinbase at all seeing that this is just one of the MANY problems not cared about by this company.Įxisting users, long time forum member's, victims of Coinbase PLEASE back me up on this, lets give the new users the customer support they deserve BEFORE Coinbase takes their money, screws them over and introduces them to how they do customer support. You will be forced to deal with having your money locked away and guess what? There's no one to talk to, no one waiting to help you and the company has shown they simply don't care. If you choose to ignore this warning your money will be trapped in Coinbase system, you will not get to buy, you will not get to sell, you will not get to withdraw your funds and you certainly will not get to hold. New users of Coinbase, let me save you a ton of grief, Do not EVER under any circumstance wire money to or from Coinbase, EVER! I know this will sink into the depths of this forum and its sad because this should be a sticky at the top for every new user to see. ![]()
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