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Coinbase

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84 replies to this topic

#1
yisman

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Site is a disaster I signed up months ago and linked a bank account and CC I was told I had to wait a week to get more than 100 of BTC since I was new so I waited and waited and still I have to wait a week to buy more than 100 what was the point of linking two funding sources if I have to wait a week to get more than 100? And in between the price fluctuates. Buying BTC and waiting a week for it to arrive is virtually worthless.
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#2
spankie

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That's a standard practice, just protecting themselves from fraud. What if some guy buys 100 bitcoins and sends them off into lala land on a stolen bank account or something? They would be fucked. I had to wait 30 days for my instant limit to be enabled. Are you fully verified there? Or is that what you're waiting on?

#3
spankie

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yisman did you apply for a larger limit? Don't think it applies to instant buys.

#4
yisman

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I was fully verified in April when I signed up did all the steps and there were lots of them and yet I can only buy 100 bucks

#5
spankie

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That doesn't sound right. Have you only emailed them about it? Have you tried calling?

#6
yisman

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That doesn't sound right.

Have you only emailed them about it? Have you tried calling?


I tried live support, down for hours

I tried e-mail, their support doesn't return e-mails

#7
yisman

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I quickly skimmed the site, I don't see a phone number


I went to this place also to see


http://gethuman.com/contact/Coinbase/






#8
spankie

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Interesting, I guess they don't have phone support. Every once in a while I hear stories like yours. I have never once had a single issue. I wonder why your limits are so low? It doesn't sound right at all.

#9
yisman

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well when I signed up in april and asked they claimed I just had to wait and limits would go up they obviously were lying

#10
spankie

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mine went up, so I don't know what to tell you :|

#11
yisman

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spankie you have any bitcoins to sell me?

#12
yisman

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their customer support must have died

#13
spankie

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I don't bud sorry. I basically deposit the wager amount I want to risk and withdrawl any winnings right away.

#14
Pistol Pete

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Im new to bitcoin but i downloaded circle app. Signed up yesterday they deposit in my bank account used bookmaker bitcoin deposit today money right in and playing. Seems easy so far i like it.

#15
yisman

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just got an e-mail from coinbase, finally takes them forever to reply and the moron CS person ignored what I was asking and just said I could deposit in USD to a USD wallet my question was why I have to wait a week still

#16
yisman

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"You may avoid the ACH transfer time by making an instant purchase. Your instant purchase limits are $100 per week. You may make use of this at any time. Any purchase greater than this amount will be processed non-instantly."

 

 

apparently they will never adjust the limits

 

they think 100 a week is reasonable



#17
TeamGSP

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i don't believe you want to deal with coinbase.  According to my research before i decided to deal with circle, coinbase is based in san francisco and not very gambling friendly at all.  Contrary to this, i have never heard of circle shutting down any accounts due to funds being sent to places known for gambling.  For me i like the idea of feeling comfortable enough that if i win a big amount, i don't want any hassles in getting paid out.  I am aware that you can use blockchain in between transfers of the wallet you use linked to your bank account but i just don't trust coinbase.  To me coinbase reminds me of money gram or western union in which it was ok in the beginning to send money to fund your gambling account or even receive withdrawals but over a period of time they catch on and then all of a sudden you are banned.  For me i am banned from using western union and i feel that 1 day i will be banned from using money gram.  I haven't used moneygram in a long time but i know enough that any sportsbook out there who pushes for this option as a means for payout as their best option means that they are so very behind.  5dimes for example, in order for you to receive bitcoin as a payout you have to have made a deposit with bitcoin and to me this is bullshit.  any gambling affiliate associated with digital exchange (bet dsi, bookmaker, americas cardroom, etc) will allow you to deposit with credit card and let you withdraw through bitcoin.  These places also have very high limits and i have never even heard of any legitimate payout complaints with this company but anyways i am going to do more research on 2 way bitcoin atms and try it out within the next couple of weeks.  

 

What i would like to be able to do is deposit $500 in bitcoin or something and have it available right away to bet with and i can't do that with circle at this point even though they are gambling friendly.  I'm sure there are steps that you would have to take before they would trust you enough to have an amount higher than $100 instantly available but i don't have any patience for that.  I'd rather figure out where the 2 way bitcoin atms are in my area and try and experience it to see how it goes.  In case anyone wants to know a bitcoin atm that isn't a 2 way atm are ones where you can deposit but you can't get any money from it.  If i am going to deal with an atm, i might as well find 1 in which i can withdraw from as opposed to just making deposits.  



#18
spankie

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i don't believe you want to deal with coinbase.  According to my research before i decided to deal with circle, coinbase is based in san francisco and not very gambling friendly at all.  Contrary to this, i have never heard of circle shutting down any accounts due to funds being sent to places known for gambling.  For me i like the idea of feeling comfortable enough that if i win a big amount, i don't want any hassles in getting paid out.  I am aware that you can use blockchain in between transfers of the wallet you use linked to your bank account but i just don't trust coinbase.  To me coinbase reminds me of money gram or western union in which it was ok in the beginning to send money to fund your gambling account or even receive withdrawals but over a period of time they catch on and then all of a sudden you are banned.  For me i am banned from using western union and i feel that 1 day i will be banned from using money gram.  I haven't used moneygram in a long time but i know enough that any sportsbook out there who pushes for this option as a means for payout as their best option means that they are so very behind.  5dimes for example, in order for you to receive bitcoin as a payout you have to have made a deposit with bitcoin and to me this is bullshit.  any gambling affiliate associated with digital exchange (bet dsi, bookmaker, americas cardroom, etc) will allow you to deposit with credit card and let you withdraw through bitcoin.  These places also have very high limits and i have never even heard of any legitimate payout complaints with this company but anyways i am going to do more research on 2 way bitcoin atms and try it out within the next couple of weeks.  

 

What i would like to be able to do is deposit $500 in bitcoin or something and have it available right away to bet with and i can't do that with circle at this point even though they are gambling friendly.  I'm sure there are steps that you would have to take before they would trust you enough to have an amount higher than $100 instantly available but i don't have any patience for that.  I'd rather figure out where the 2 way bitcoin atms are in my area and try and experience it to see how it goes.  In case anyone wants to know a bitcoin atm that isn't a 2 way atm are ones where you can deposit but you can't get any money from it.  If i am going to deal with an atm, i might as well find 1 in which i can withdraw from as opposed to just making deposits.  

 

Once you transfer to blockchain, it's not coinbases problem anymore.  Never had a single issue. 

 

I have a $500 instant limit at circle.  Everyone else I talk to has a $100 limit.  No idea.  I signed up the day they opened, that's the only thing I can think of, maybe it used to be higher instant limits. 



#19
TeamGSP

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Once you transfer to blockchain, it's not coinbases problem anymore.  Never had a single issue. 

 

I have a $500 instant limit at circle.  Everyone else I talk to has a $100 limit.  No idea.  I signed up the day they opened, that's the only thing I can think of, maybe it used to be higher instant limits. 

 

yeah i kept doing western union for a long long time and at the time that i kept doing it whether i was sending money or receiving, i never had a problem with it.  There are a lot of people right now who are still sending western union to fund their gambling account as well as receiving withdrawals despite there being a lot of people who have already said they are banned from using their service.  Western union used to be gambling friendly long time ago but something happened and i believe a new chairman of the board took over and that person does not like the gambling industry if i remember correctly.  It's like why does western union have to be like paypal all of a sudden and hating all the gamblers?  

 

i suspect that coinbase is a distant cousin of paypal and western union but i have no proof of it.  I would say that winning a small amount might be ok with coinbase because a lot of people trust blockchain but i'm not so sure.  I would like to feel comfortable as much as possible winning a good amount in my gambling account without having to worry about whether or not coinbase will give me a hard time.  I mean ask anyone who has won a good amount and withdrawn through western union in the past.  You go to the place to try and pick the money up and then they start asking you questions.  They give you a telephone number to call and you gotta go through all the bullshit.  Sometimes you get the money, sometimes it ends up being credited back to the sportsbook account and you gotta try something else.  Weeks and weeks can go by and all you want to do is just cash out, meanwhile a lot of games have passed that might have been good to bet on but you haven't been able to focus on them as much because you got this payout crisis and all of a sudden you can't use western union anymore.  Ok so maybe you end up getting paid because the sportsbook allows you to give them another name so you can go pick up the money under with that other person, but still, look what you have to go through.

 

If i was using 5dimes for 10 years and then all of a sudden the last few months i see payout complaints in the forums and on the 5dimes twitter timeline it won't matter to me that i have never had a problem with them.  Coinbase might not be as bad yet because the bitcoin industry is still new, but i gotta tell you that i do not like coinbase's personality at all.  To tell you the truth, i don't even think you need to use blockchain with circle but that's just my opinion and anything can change at any given time.  Better to be safe than sorry.

 

So you signed up with circle the day that they opened and you got a $500 limit?  You probably have a good credit score.  I just would not be surprised to find out later that a financial industry like circle can check any social security number without it being traced to them.  In other words, them checking your credit doesn't show up on any report.  The only other thing i can think of right now is that people like you with $500 instant limit have purchased bitcoin or had made consistent bitcoin purchases over $1000, waited for it to clear days later and then you're awarded with an instant $500 somewhere down the line to your account for future purchases.  Hell i can't even purchase over $100 in bitcoin PER WEEK with my credit card.



#20
yisman

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I did buy 100 last week with coinbase, sent it to blockchain, and then deposited to heritage

 

just would prefer to be able to do 500 or 1000

 

for me, this stupidity of wait a week until it clears the bank and then we'll credit you is useless

 

I could see the logic of them protecting themselves if someone only had a bank account but they had me verify myself and put in a credit card with the promise that I could do more if I had a backup source. But they were lying. I don't want my CC on that site if they're not going to allow me to buy more.



#21
FrogFries

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Ok I think I have it down coin base is where I can get my payouts to my bank and use it to deposit then I send to my blockchain account to send to the book or have my payout sent to blockchain then I send back to coinbase to get my money out... Is this the best way

#22
yisman

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Ok I think I have it down coin base is where I can get my payouts to my bank and use it to deposit then I send to my blockchain account to send to the book or have my payout sent to blockchain then I send back to coinbase to get my money out... Is this the best way

 

yes

 

coinbase for buying and selling BTC

 

blockchain for transferring to and from sportsbooks



#23
spankie

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yisman are you based outside of the US?  I'm still trying to figure out why your limits are so low. 



#24
yisman

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no



#25
spankie

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So your weekly instant limit is $100? 






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