Post
Topic
Board Exchanges
Re: Is Coinbase a safe exchange to work with?
by
agustina2
on 28/06/2017, 21:11:53 UTC
I think Bitcoin is going to be a roller coaster ride for a while.  I am mid process transferring my Bitcoin from Poloniex to Coinbase (it is taking me 2 days because of the $2000 per day limit).  Once there I plan on waiting until Bitcoin pumps back up in value and then sell it and put the $ into my Coinbase USD Wallet.  And then ride out the roller coaster for a while until Bitcoin stabilizes.

I was also thinking about using Coinbase to sell high and buy low, back and forth, back and forth, storing my fiat in my USD Wallet after selling.

Is this a good idea?  Is Coinbase a good exchange to do it in?

Mazzy

I don't have any problems using Coinbase for years now eventhough there are numbers of complaints about an account being freeze. I might agree that they can't handled so much volumes at the same time like Poloniex because every time the price goes crazy, their site will be unavailable but they are giving reasons why and which one of them is due to volume of transaction. Because you that you will be late selling your coins. The time it will be fixed, it's already too late.

I just can't accept that this legitimate company can't run an operation smoothly and can't handled heavy traffic at the same time. In terms of legitimacy, Coinbase and CoinsBank are my preferred exchanges in terms of web wallet.