Quote from: tclo on December 17, 2013, 05:34:03 AM

Conbase has ripped me off so many times....I finally closed my account. They have done the same to my friends as well.

They will take your money and hold it for a week and then if BTC goes up, they will cancel your order and refund your money a week later.

They will recharge your bank acct for BTC that you bought months earlier and cause an NSF on your acct. Their are crooks and thieves, end of story.

Stay away from CONbase.

Quote from: beetcoin on December 17, 2013, 05:25:28 AM

i purchased for the first time about 2 weeks ago and there was no 30 day hold. just 4 business days for the ACH transfer to go through.

Quote from: Michael Robinson on December 17, 2013, 01:24:35 AM

I have $1,000's of dollars worth of losses from Coinbase, for the very same reason.

I ordered my coins at $1050. By the time I actually got them the price had dropped to $500. While going from $1050 down to $500, all I could do was sit there and watch, because when I tried to sell the coins at the beginning of the drop, I realized they had taken the money out of my bank account, but hadn't actually given me the coins yet. Then when it hit $500 I tried to buy more while the price was low, but they wouldn't let me because my 1st transaction hadn't finished. So not only did they prevent me from selling after the China announcement in order to mitigate my losses, they wouldn't even let me buy more when the price hit it's low. Then, to add insult to injury, they later cancelled my second order for being "high risk", even though my first order was successful, came out of the SAME bank account, and was for FIVE TIMES AS MUCH MONEY.

Coinbase = Conbase. They can take that $25 million and either shove it, or give it back to the people they screwed royally.

the delay doesn't mean they are cheating you. it's not their fault that BTC crashed after you bough the BTC. if you had purchased your BTC from an exchange that paid you instantly, you still would have lost your money.

the only problem that i would have is if they'd cancel your order if BTC rose after making your order, but i don't think that's the case (based on user feedback on the forums).

They clearly state their limitations and their transfer speeds on their website. Within the first 30 days, it takes 4 business days for purchased Bitcoin to appear in your account-this is no secret.

Just like ALL other exchanges, the more you identify yourself, the more they trust you and reduce those wait times and limitations. You'll need to wait 30 days after completing a purchase, before you can instantly buy Bitcoin, not from when you create the account.

Any mistake that coinbase might make, they will absolutely fix on their own, but it's usually not a mistake, rather a lack in understanding of what to expect when using them.

I'm a fully verified and level 2 account holder at coinbase and understand their process thoroughly. I too, missed out on a lot of the early gains, but this is my own fault, not coinbase's. Once you're verified completely, you can buy 10 BTC INSTANLTY per week and sell 50 BTC per day- that's amazing...

To say they scam people is so funny, and ignorant....

GoldWater

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