Re: 134 pages of complaints filed to the SEC against Coinbase
This is just another reminder to not trust exchanges with your money and to not use them any more than necessary.
How will you buy and sell Bitcoins if there are no exchanges ??
How did some of us manage to do this before there was an exchange?
You could always use localbitcoin to do trades, although even in that case you still have to trust LB with your coins for a while.
But moving back to Coinbase, if this one goes down....it's going to be one bloody summer...autumn..winter.
I didn't say not to use them, as bolded, but to use them sparingly. Don't trust them with obscene amounts, etc., etc. Exchanges, even as they are now, are necessary for adoption and I don't want them to disappear. I want them to be better, but who knows if that'll happen.
But yeah, people who would rather not use them at all still have peer-to-peer alternatives available so it's not all bad.
But yeah, people who would rather not use them at all still have peer-to-peer alternatives available so it's not all bad.
Most of the amounts in the article are far from obscene...15, 20, 21k$ are no insane since we're talking about the US here.
As far as I understand most of them had problems with Coinbase crediting their accounts, so people didn't even have the option of getting their coins out of there once bought.
I don't wanna see Coinbase in trouble but if it does it will trigger the best damn fireworks since MtgOX
Cheap coins anyone?
LE.
Oh crap I just looked at the prices....
