There are 2 items that come to mind with Coinbase. (I do have an account there)
1. They lost the tax case in the USA, and will be supplying information about customer that have over $20,000.00 USA.
2. Besides having a wallet they also have a "Vault" where you can put all or part of your wallet. I did that, as I fall under #1 above.
Near the holidays when things started to get crazy in the crypto markets, I wanted to take my profits and store them in my $$ wallet.
I was more than a little frustrated that it takes 48 banking hours just o move your money from "your" Vault to "your" wallet. you can cancel the transfer anytime during the 48 banking hours. Because of this I lost the opportunity bail out at 17K-18K/BTC and back in at 12K-13K/BTC. Lesson learned reality I did not loose anything but an opportunity.
Also there is a pretty low $$ limit per month to remove from the hands of Coinbase or GCAX.
For BTC and ETH I found Gemini a bit more flexible, but they also report to the IRS> (Of course if you are not a citizen of the USA this is of little interest to you)
I now have a miner running in my garage, controlled by a computer in my office. If I have to do taxes on this stuff, then let me get some reduction by charging for my mining business.
1. They lost the tax case in the USA, and will be supplying information about customer that have over $20,000.00 USA.
2. Besides having a wallet they also have a "Vault" where you can put all or part of your wallet. I did that, as I fall under #1 above.
Near the holidays when things started to get crazy in the crypto markets, I wanted to take my profits and store them in my $$ wallet.
I was more than a little frustrated that it takes 48 banking hours just o move your money from "your" Vault to "your" wallet. you can cancel the transfer anytime during the 48 banking hours. Because of this I lost the opportunity bail out at 17K-18K/BTC and back in at 12K-13K/BTC. Lesson learned reality I did not loose anything but an opportunity.
Also there is a pretty low $$ limit per month to remove from the hands of Coinbase or GCAX.
For BTC and ETH I found Gemini a bit more flexible, but they also report to the IRS> (Of course if you are not a citizen of the USA this is of little interest to you)
I now have a miner running in my garage, controlled by a computer in my office. If I have to do taxes on this stuff, then let me get some reduction by charging for my mining business.