Stan L.

This is a MOB.

"Caution is strongly advised when dealing with Coinbase."
Posted on February 20,2013 by nagarajhubli5

Trading Bitcoin Privacy For Banking Convenience

"This is just like buying bitcoins from your bank – or from the Internal Revenue Service. If a bank offered a bitcoin purchasing option from its website, it would look like Coinbase. If Coinbase cut them in on the commission, it could probably white-label the service directly to banks."

Read full article: http://www.paymentssource.com/news/swapping-bitcoin-privacy-for-banking-convenience-*******-1.html?zkPrintable=1&nopagination=1

Read more at http://www.maxkeiser.com/2013/02/caution-is-strongly-advised-when-dealing-with-coinbase/#FrG7S1fdSTIKH8Z3.99
Evan Moore - March 27,2015
Starstarstarstarstar I purchased Bitcoins back in January with no problem, and sold them on 3/18. It has now been 9 days since I made the sale, but I have still not received any deposits into my bank account. The in-product messaging states that the sale has been completed, and I no longer have any Bitcoins in my wallet.

The question is, if I no longer have Bitcoins in my wallet, where is my money? I have written into Support multiple times, and am in the 'Supervisor queue'. I have been waiting days for an update. This type of experience does not instill confidence in the user base, and unfortunately this has been a terrible first experience with Coinbase, and will make me re-think my use of the platform moving forward.
Anon - March 11,2015
Starstarstarstarstar Coinbase has worked perfectly for me. The only issue that I have had was getting my credit card verified, and that was due to my credit card company's incompetence. Easy to use and buy my coins with. I do not store any large amount with them, as i would rather control the private keys. I will be checking out their new vault, and the exchange once it is available in my state.
Tip: 3NpqjuqqMumjDmRANgcrFW7ivrzpVE8oxY
Md42 - March 5,2015
Starstarstarstarstar awful customer service. After doing every verification step i made a purchase. One week later after they completed the withdraw from my bank the order was canceled with no explanation. I asked for more information and was told i was "high risk" with no other information. I kept asking for them to elaborate and then I was band from buying on coinbase after trying another transaction. Slow and awful buying process with bad customer service. If you talk to someone with the chat function they will never have information either. Just go to an exchange and don't use this expensive middle man.
Coinbase_user - February 19,2015
Starstarstarstarstar Coinbase recently banned me from buying btc with no explanation given. They said I was "high risk," yet was cooperative with follow-up requests (e.g., license identification), answered questions, then they just contacted me and said sorry, manual review says you're risk. Bye. Completely out of the blue. What a joke.

Owners of that business created a money making machine for themselves and nothing else.
They do not want to improve the quality of the service by lifting up the requirement's level for the hosts.
They just simply ignore all negative reviews to avoid some troubles with a cash flow.