Description
UpdateA hosted web-based E-Wallet used for sending, receiving and storing bitcoins. This is not to be confused with the data structure in the blockchain which is also named coinbase.
The service aims to be the easiest way to get started with Bitcoin. Its service is modeled to provide an experience familiar to those who are comfortable using PayPal.
Reviews
Write a reviewGail Gladstone - January 7, 2016
I placed a sale of bitcoins with Coinbase last year and they have avoided refunding me for months. They are even using conflicting lies in their emails, all of which I have saved.I cannot get back my money from them. My best advice? Stay away from Coinbase at all costs because it will cost you!
Robert - December 2, 2015
Their buy limits are terrible and the constant need to improve upon an individuals identity is ridiculous. It would be easier to contact the local sheriffs department and buy bitcoins.LOOK ELSEWHERE
martin - November 2, 2015
all perfect
Rod - October 8, 2015
Some one I do not know said he recommended me and when I wrote to say I did not know this person, they canceled my acct. and did not respond to why they canceled me. It was also about a weeks wait to start using the bitcoins I purchased. Very unprofessional.
- September 30, 2015
This website sucks they take money from you and then say there is no way they can retrieve funds when they can see where it went . DO NOT TRUST THIS SITE. They want too much personal information just for a wallet when blockchain.info is free with no fees.
Coinbase Review - September 17, 2015
Visit the official Coinbase Review site for comprehensive information: www.coinbasereview.com
LuisTechnology - August 24, 2015
Support stops responding after you chat with them for 2min. Too freaking slow to get your coins, other options are faster and much more secure than CoinBase. It bugs me that your support really sucks.david - August 23, 2015
Very interesting to read these Coinbase reviews. There is such a vast gulf between the positive and negative reviews that it is difficult to believe they are being written about the same exchange!In fact, these two groups might be thought to represent opposing sides in an argument about the reason for bitcoin. Is bitcoin’s primary purpose censorship-resistance and user anonymity, or is it to disrupt existing financial services, and provide greater cost efficiency for businesses and users alike?
Coinbase is the embodiment of the second option. It has procured funding from very mainstream financial interests like NYSE and BBVA, and has placed special emphasis on compliance to establish itself as a regulated US exchange. There are positive and negative aspects to this. On the positive side, the level of customer protection really leads the market, with insured bitcoin and fiat wallets. Despite some of the reviews, the ease and cheapness with which accounts can be funded at Coinbase is superior to most other exchanges (free ACH transfers, made instant when backed up by a credit card). And of course, they are rolling out an easy to use, regulated exchange state by state, which has low fees and high liquidity volumes. For mainstream users, particularly in the US, Coinbase provides a superior product.
On the other hand. The company’s compliance strategy has meant working very closely with US regulatory agencies. In the best case, this means simply ensuring KYC/AML standards are upheld. Worst case, it means proactively monitoring where people are using their bitcoin, and flagging “suspect” transactions. For instance, there have been a number of stories of Coinbase closing accounts due to bitcoin being transferred to/from gambling operators or coin mixers. To those seeing bitcoin's anonymity as central to its purpose, this is a betrayal.
Whether this makes them operatives of the dark side or one of the greatest assets in the mainstreaming of bitcoin depends very much on your ideological starting point.
We have also only had positive experiences with support. I’ve written a more detailed review, that you can check out, below.
http://bitreview.com/exchange/coinbase
Anthony C - August 19, 2015
Coinbase is the worst business I've ever dealt with. To start, you have to wait almost 10 days to have your bitcoin sent to your account from the date of purchase. If you want to sell it because it went up within those 10 days, too bad! I bought a bitcoin for $298. After 3 days it went up to $316 due to Greece's economy. Then Greece got a bailout and bitcoin dropped alot but to bad for me because it didn't clear yet so even though it kept dropping drastically, I had to take the lose. That's BS if you ask me. Then they charge you to buy it and sell it. That's even more BS. I would never use coinbase ever again. On top of all of that, they don't have a phone number to call. Hense they did thay because they know the have alot of pissed off customers. Terrible business.
out of here - August 12, 2015
got my first bitcoin here but no more. done with these guys, worse than paypal now :/
Elaine - July 19, 2015
CoinBase is the worst. It keeps on asking me for authentication when I try to use my laptop. I have had to check my phone and my email just to log in. It keeps on asking me to verify personal information, and it will not even let me complete a transaction. I used to be able to complete transactions, but now I can't because they do not service users under 18. Find a different bitcoin wallet. This one is awful.
Erik - June 26, 2015
I was looking for something simple and user friendly for a couple brief bitcoin purchases. Initial sign up was easy and looked promising, despite all the negative reviews. Linking my bank account was ridiculous, saying there was "a problem." On-line assistance suggested opening under "Other Bank" (which required routing and specific account info - not necessarily unscrupulous, but a red flag, nevertheless). Never got my bank linked. Finally, after reading more recent lousy reviews, I chose to close my account, which hasn't happened because of MORE error messages. So now they have all my personal info and I can't get out - planning to call support as soon as I finish this rant. More power to those who have had a good experience with Coinbase, but for me it's a ridiculous company.
Cristina - June 24, 2015
I've been using coin base for a few months but suddenly the just decided to cancel my account, no explanation at all, I regret now to have used them before, they don't deserve to be called a company.
Coinbase is evil - June 20, 2015
If the success of bitcoin is defined by companies like Coinbase succeeding, then I wish bitcoin a swift death. The more users Coinbase has, the more the power of bitcoin is passed on to an established banking and regulatory system.I am a previous Coinbase user, and I have seen the dark side. These people are evil robots, really!
Stay clear, for the good of humankind.
Francisco - June 19, 2015
I'm not happy with Coinbase for a few reasons... Buying bitcoins takes too long. Standard ACH transfers take 2 business days and they make me wait 5 business days before finalizing the transaction. This means they're making money off the float and in turn giving us a bad user experience for being greedy.Considering they already charge 1% + their increasing the buy price from what's shown as the market price, why do the feel the need to also make money off the float. I know they have instant buy as an option, but if I don't feel like using my credit card does that mean I should be subjected to 5 business day purchases?
I need to find an alternative asap!
Finance Expert - May 14, 2015
Coinbase is like the NSA combined with the First Bank of Uzbekistan run by Bernie Madoff. Steer clear.I am a lifelong financial expert, and can smell a stinking fish a mile away. Coinbase has hacked basic bitcoin protocol to their own advantage, allowing them to take money directly from your wallet. Beyond this, the lowest level employees have full access to more financial information than you submit to them.
Will you be able to prove how your identity was stolen? Probably not.
But when it is, shortly after signing up with Coinbase, at least you'll know.
How about when all the money from your Coinbase account vanishes? As the low BBB rank indicates, they will treat you as a Third World bank would treat a peasant whose money is diverted to the president's Swiss bank account. F*** you.
Scott Whitlock - May 6, 2015
After a lengthy setup coinbase refused to sell me any coins because of a security risk. BS, No explanation, I will never do business with them again.
Guav - April 16, 2015
Their support team sucks ass. I've emailed them twice in the past two days about a credit card issue which wouldn't let me buy bitcoin and they still don't reply. Before that responses typically took a day which is still pretty shitty for a supposedly "professional" company that I would imagine has a lot of employees.
Ian - April 10, 2015
The length of time it takes to get you your bitcoins even after they receive their money is ridiculous. Use other options, even if you have to pay a little more money.
Stanley - April 8, 2015
This is a MOB.
“Caution is strongly advised when dealing with Coinbase.”
Posted on February 20, 2013 by nagarajhubli5
Trading Bitcoin Privacy For Banking Convenience
“This is just like buying bitcoins from your bank – or from the Internal Revenue Service. If a bank offered a bitcoin purchasing option from its website, it would look like Coinbase. If Coinbase cut them in on the commission, it could probably white-label the service directly to banks.”
Read full article: http://www.paymentssource.com/news/swapping-bitcoin-privacy-for-banking-convenience-3013278-1.html?zkPrintable=1&nopagination=1
Read more at http://www.maxkeiser.com/2013/02/caution-is-strongly-advised-when-dealing-with-coinbase/#FrG7S1fdSTIKH8Z3.99
