Re:Coinbase Wants to Be Too Big to Fail
by mythrwy on Thursday September 27, 2018 @05:57PM
(#18089143)
My main complain with coinbase is long holds (like 2 weeks) on cryptocurrency after they have taken the money from a bank account. That just seems shady. Although to be fair they do credit the account with the coin at time of purchase so it goes up and down with market. You just can't move it out.
Really like Square Cash App for purchasing BTC. Have it nearly instantly, easy to move.
Re:Coinbase Wants to Be Too Big to Fail
by mastermojo on Thursday September 27, 2018 @09:39PM
(#18090342)
The only reason this exists is to prevent people with stolen bank credentials from purchasing a bunch of bitcoins and then running off with them.
Re:Coinbase Wants to Be Too Big to Fail
by andreygrehov on Thursday September 27, 2018 @05:59PM
(#18089167)
You should deposit money first and then buy with a fraction of a microsecond through Coinbase Pro.
Do you even know how many customers they have?
Do you even hear bad things about small countries? That doesn't mean they have ace governments.
Re:Coinbase Wants to Be Too Big to Fail
by kalleboo on Friday September 28, 2018 @12:13AM
(#18091022)
If they can't handle more customers, they should close signups until they've staffed up. Like how a store should not accept orders they cannot fulfill.
Yeah and the boards will kick out whoever that decided to stop accepting new users when they put much effort on marketing just because they couldn't get 100% customer support.
Re:Coinbase Wants to Be Too Big to Fail
by _louisr_ on Friday September 28, 2018 @12:58AM
(#18091197)
>they should close signups
That would never, ever happen at a VC funded tech startup no matter how bad the situation was. All investors care about is growth, and all the C-suite cares about are investors.
All exchanges have problems, but coverage of coinbase is so negative