Post
Topic
Board Service Discussion
Re: Coinbase Blog - Buy And Sell Bitcoin By Connecting Any U.S. Bank Account
by
Walter Rothbard
on 14/02/2013, 03:47:40 UTC
I like this site
I did too until they suddenly decided to cancel my most recent purchase because it "appears to be high risk".
It appears they may be using unconfirmed outputs in the transactions they generate to send you your bitcoins. That's just too much risk for me to be allowing them to pull money from my bank account. Until they resolve this issue, I wouldn't trust them enough to receive any transactions from them.  By the time they've sent you the bad transaction, they've already got the money from your bank account.  How do you straighten that out?

EDIT: Apparently coinbase is fixing the bug.  If I get confirmation that the bug is fixed, I'll delete this message.

They say it's now fixed, and they are offering a 5BTC bounty to get the messed up transactions mined.