Quote from: InstaDice on April 18, 2013, 05:14:48 AM

Quote from: shibaji on April 18, 2013, 05:12:56 AM

instaDice - are you acquainted with instaBoost by any chance ? Grin

I'm actually really new to the community, so I haven't heard of InstaBoost. I actually discovered Bitcoins earlier this year and I've been really intrigued by the whole idea of it... I decided to start focusing on creating more services to be used with Bitcoin and... here I am

Quote from: whereismymoney13 on April 18, 2013, 05:11:32 AM

Quote from: 18RATTT on April 18, 2013, 03:57:35 AM

Quote from: markjcc on April 18, 2013, 03:40:47 AM

Is coinbase safe?

if I sell my BTC to them how will I get my money via bank

ACH,or some other method like wire?

one of the trusted btc wallet out there, and the site is clean simple and professional. i created my 1st btc address there.

What's the difference between an exchange and a wallet? Sounds like CoinBase could be considered both. Also, why are people always looking for easy cash deposit places when you can just create a BTC address with Bitcoin-Qt and fund the address via Bitinstant cash deposit?

An exchange allows sellers and buyers to purchase currency from each other for the current market price (that's my rough understanding of it.) They make money by charging a small fee for each transaction. I think Coinbase can be considered both, seeing as they allow both the buying and selling of Bitcoins, as well as allowing you to store your coins in a nice safe place. I think Coinbase also allows merchants to take payments in Bitcoin as well, I read that they had something to do with OKCupid being able to accept Bitcoin. Fascinating service, I hope the best for them!

Sounds like CoinBase is pretty similar to bitfloor. Bitfloor did go down indefinitely today and history does have a tendency to repeat itself, so only risk what you don't mind losing. BOL. Cool

PS

Oh yeah. And I guess I just figured out the answer to my second question because apparently Bitinstant is being accused of scamming people. Thankfully my ZipZap transaction went through without a hitch but I would be so irritated if they took my money and said the order was lost in the pipeline somewhere. True or not, either fix the problem or terminate service.