4 ms·

Highly doubt that's "most" users, considering Coinbase's numbers

• jstanley 9y ago
  Most Coinbase users will be exchanging on Coinbase and then transferring to their SPV wallet. If that's not the case, then, well... that's what they should be doing. Just because Coinbase has X amount of customers doesn't mean that many people are using Coinbase as a wallet. I'm a Coinbase customer but I don't use Coinbase as a wallet.
  • MichaelGG 9y ago
    It's definitely not what people are doing. Even as Mt Gox showed, people will just leave it where it's convenient. And for a lot of common users, they probably ARE a lot better off with their coins existing as a row in Coinbase's MongoDB database than as a file on their PC. And I say this as someone that dislikes Coinbase and was burned by them (one day they seized all my coins until I verified ID on login, then erased my bank account connections and refused to delete my PII that I only provided to withdraw my coins in the first place.)
    • compuguy 9y ago
      Welcome to the world of financial regulations.
      • MichaelGG 9y ago
        Seems suspicious that, despite having validated my bank account and despite me making no more transactions with it, they demanded more ID Just to get the product I'd already purchased.