Coinbase brings a bank-level cryptocurrency consumer experience to the masses and provides a safe interface to an environment where you otherwise can easily sho

Coinbase brings a bank-level cryptocurrency consumer experience to the masses and provides a safe interface to an environment where you otherwise can easily shoot yourself in the foot. All you have to do is verify your identity and you can recover "lost" currency. The alternative is losing access if you misplace your paper wallet. Except this isn't even remotely true! This is the sloppiest and most scammy financial institution that I've ever interacted with. They claim to abide by KYC guidelines then happily ignore your identity when you come to recover the account they gleefully have locked you out of. Every user, on a long enough timeline, will experience some kind of lockout. Then you will have to work ceaselessly to try to recover access. Actually that crumpled paper wallet that's been through the wash and was forgotten in a random drawer in your old house will be much safer to use than this company's support. And this screed doesn't even touch on their incredibly shady exchange practices. They have how many VCs backing them and couldn't manage to make an exchange that scaled to meet demand at a crucial juncture? Either their funders haven't done due diligence or the technical faults were all part of their plan.