Post
Topic
Board Service Discussion
Re: Warning! Do not use Coinbase.com Scam Artists!
by
freeAgent
on 12/11/2013, 16:19:53 UTC
Give them a second chance they could feel bad if they had to see you go especially when they already whitelisted your account.

They should feel bad.

I wanted to order a Bitcoin when they were around $200 and wanted to check out Coinbase at the same time.  I opened an account and gave them all the information they asked for.  They took my money, and then didn't fill the order.  They held my money for over a week, during which time the price went up almost 75%.  The opportunity cost of that transaction was huge.  I did no additional verification with Coinbase to warrant being whitelisted for future transactions, which I view as an implicit admission that their system for detecting "high risk" transactions is at least partially bullshit.

When I want to make interest-free loans to someone, I go to Kiva.org, not Coinbase.