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+--- Thread: Opinions on Coinbase? Seeking alternatives (/showthread.php?tid=6193711)
Opinions on Coinbase? Seeking alternatives - ///Evolix - Feb 15, 2022
Title says it all, how's your experiences with Coinbase?
I personally am finding it very frustrating. + they collect tons of personal data.
Im seeking alternatives, what do you guys use and would you recommend it?
RE: Opinions on Coinbase? Seeking alternatives - Blue Eye Samurai - Feb 15, 2022
What are you finding frustrating exactly?
RE: Opinions on Coinbase? Seeking alternatives - LSD - Feb 15, 2022
(Feb 15, 2022 05:34 AM)The Queen's Gambit Wrote: What are you finding frustrating exactly?
for me its the fact that they charge almost 10% in fees so you have to make a 10% gain in profit to even break even.
RE: Opinions on Coinbase? Seeking alternatives - Blue Eye Samurai - Feb 15, 2022
(Feb 15, 2022 05:39 AM)LSD Wrote: for me its the fact that they charge almost 10% in fees so you have to make a 10% gain in profit to even break even.
You could use Coinbase Pro to decrease fees by a lot, I can Top up my coinbase with SEPA/Ideal for 0.15 euro and exchange it to Coinbase Pro for free, fees on Pro are way less than normal coinbase
RE: Opinions on Coinbase? Seeking alternatives - ///Evolix - Feb 15, 2022
(Feb 15, 2022 05:34 AM)The Queen's Gambit Wrote: What are you finding frustrating exactly?
Slow verification process. (It took me few days) delays and profile lock downs for 24hrs,
Was longest and most frustrating verification ever
(Yes i provided the right documents) few times, untill they decided this time they are okey.
Im Registrated in Major Payment Systems, verified there with no problem at all.
Just recently i started using services that use coinbase but i found another way to pay and closed my coinbase account.
Interested in alternatives for the near future, Just in case i can't avoid Crypto.
RE: Opinions on Coinbase? Seeking alternatives - Porn - Feb 15, 2022
It depends what alternative you are seeking, if you are a long-term holder and want a non-custodial wallet you can use exodus wallet. If you are a trader and don't want the IRS seeing every single transaction you make (coinbase is required to report all your transactions to IRS for taxes) then you can use kucoin where they don't require any personal data for trading crypto.
RE: Opinions on Coinbase? Seeking alternatives - SIM-2501407 - Feb 15, 2022
Always Coinbase Pro > Coinbase
My other recommendations are Poloniex and Gemini
Here’s a list i have of exchanges (desc. ranking): Binance, FTX, Circle, Local Bitcoins.
And more… Bitstamp, xCoins, eTorro, crypto.com, and i guess you could say robinhood too.
I’ve been using Coinbase Pro for years. It’s my primary exchange.
RE: Opinions on Coinbase? Seeking alternatives - T0Bi - Feb 15, 2022
(Feb 15, 2022 05:39 AM)LSD Wrote: for me its the fact that they charge almost 10% in fees so you have to make a 10% gain in profit to even break even.
Where do they charge 10% fees? Never seen that.
Also, use CBP.
RE: Opinions on Coinbase? Seeking alternatives - Maskin - Feb 15, 2022
My coinbase account got closed 1-2 weeks after I cashed out some money to my paypal.
Never bothered asking why, I simply moved to other exchanges.
I never did shady stuff and I doubt my crypto was ”dirty” or anything.
RE: Opinions on Coinbase? Seeking alternatives - SIM-5091389 - Feb 15, 2022
I’m also looking for alternatives to Coinbase, particularly ones without an as in-depth verification process. If anyone knows of one, please LMK!
RE: Opinions on Coinbase? Seeking alternatives - shreder - Feb 15, 2022
Gemini is another alternative to it.
RE: Opinions on Coinbase? Seeking alternatives - ///Evolix - Feb 16, 2022
Thank you guys, valuable information!