Post
Topic
Board Service Discussion
Re: PSA: coinbase.com defrauds with different schemes
by
jballs
on 05/01/2014, 04:03:18 UTC
Alright you all need to calm down a lot.

Coinbase is the only legit place to open as far as I am concerned.

Your complaint can be simplified as this: you are new.

Having dealt with exchanges and clearing houses from the inside for a decade, I can assure you that you would have similar problems if you were trying to trade in major exchanges (CME,NYMEX,etc). Except it would take a lot longer to clear your documents and they would not let you trade until they knew you more than you would like to be known.

I would give coinbase a lot of credit for doing as well as they are in the position they are in.

Just because they couldn't fill your first order with them does not make them crooks. It makes you late in getting to the point of opening an account, and expecting everything and everyone to jump through whatever hoops to get you in.

Had your cancelled position lost in value instead of gained, you know what we would be hearing from you?

Crickets. That's what.

For future reference, expect delays and complications any time you are initiating a relationship with an exchange. I don't care how tech savvy it is, there are a hundred things they must consider that you have no comprehension of.

For those asking, with the above caveat, I would trust coinbase and only coinbase at this time.

(edit- yes I know they are not an exchange in entirety, using the term loosely as the same circumstances apply.)