Post
Topic
Board Beginners & Help
Re: Coinbase?
by
bitwager
on 22/12/2013, 19:58:21 UTC
I don't think there's anything you can call these "high-risk" transaction cancellations anything other than blatantly dishonest business.  The company is getting an unfair advantage during 3-4 day swings in price where they can arbitrarily decide to cancel the ones that work out in the consumer's favor, while keeping every transaction that is "high-risk" to the consumer.  Yes, they are growing and seem like the most reputable source to buy BTC in the US, but to me, behavior like this says a lot and raises a major red flag.  I'd really like to see this issue get more exposure in order to correct this bad business practice.

It appears bitbook is doing something similar with odds changes.  It's really a shame to see some of these bitcoin businesses trying to unknowingly squeeze extra money out of their customers rather than simply taking what is theirs for the honestly great service that they provide.