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Wow, I bought some digital currency through coinbase last summer and while I had some annoyances with the transaction limits, high fees and the delays, overall,

Wow, I bought some digital currency through coinbase last summer and while I had some annoyances with the transaction limits, high fees and the delays, overall, I think they did a good job considering how fast they were growing. I can't imagine how many fires they had to put out over there, and how hard it would be to recruit knowledgeable and talented people. That said, the fact that I made enough money to get a new car rather than lost money probably skews my opinion.

kurtable 8y ago
As a Canadian customer, I was pretty steamed that I could buy coins, but they didn't tell me I couldn't sell them until after I'd already purchased. I managed to transfer to MetaMask so it ended up okay.
- garmaine 8y ago
  > but they didn't tell me I couldn't sell them until after I'd already purchased Why would that not be the case?
  - chipotle_coyote 8y ago
    I can't tell if this is a genuine question or not, because if it's genuine you're giving the OP an extremely ungenerous reading. "They didn't tell me I couldn't sell them until after I'd already purchased" doesn't mean "I couldn't sell the coins until after I bought them, and I had no idea that was the case because I don't understand the basic concept of transactions." It means "I wasn't allowed to sell the coins, and they didn't tell me that until after I bought them."
    - garmaine 8y ago
      Ok. GP should reword because it seriously didn’t read that way.
      - freeloop10 8y ago
        me as well
  - deleted 8y ago
    [deleted]
joering2 8y ago
In my opinion they did not put out most of their fires; they just let them burn, as I had multiple tickets that auto-response pretty much told me to fuck off and go to their FAQ look for answer, as they will most likely not answer at all (which was true) Congratulation on your new car; Ethereum bonanza made it possible for me to purchase 6 properties around Palo Alto and be able to rent those out BUT, even if you made only some $ for a car, I strongly advise (probably you did this already) to seek a knowledgeable accountant help as Coinbase share all your info with IRS and I am sure they will be crushing big time (or already started) on those newly minted millionaires (and anyone in between!) https://www.theverge.com/2018/2/26/17055264/coinbase-cryptocurrency-tax-irs-compliance-court-order https://www.theverge.com/2018/2/26/17055264/coinbase-cryptoc...
- test6554 8y ago
  Congrats! I already reported all my short-term capital gains to the IRS. I'm not going to mess with tax dodging. I got the car with what was left over after taxes.
drcode 8y ago
I've dealt extensively with Coinbase and second this opinion: Whenever I've communicated with employees they appear to be dedicated to resolving any issues in a fair and appropriate manner. However, various parts of their software platform have been glitchy and confusing UX abounds. Additionally, significant mistakes regarding balances on their end definitely happen: At times, they fall well short of their aspirations to provide a professional platform to customers.

kurtable 8y ago

As a Canadian customer, I was pretty steamed that I could buy coins, but they didn't tell me I couldn't sell them until after I'd already purchased. I managed to transfer to MetaMask so it ended up okay.

garmaine 8y ago
> but they didn't tell me I couldn't sell them until after I'd already purchased Why would that not be the case?
- chipotle_coyote 8y ago
  I can't tell if this is a genuine question or not, because if it's genuine you're giving the OP an extremely ungenerous reading. "They didn't tell me I couldn't sell them until after I'd already purchased" doesn't mean "I couldn't sell the coins until after I bought them, and I had no idea that was the case because I don't understand the basic concept of transactions." It means "I wasn't allowed to sell the coins, and they didn't tell me that until after I bought them."
  - garmaine 8y ago
    Ok. GP should reword because it seriously didn’t read that way.
    - freeloop10 8y ago
      me as well
- deleted 8y ago
  [deleted]

joering2 8y ago

In my opinion they did not put out most of their fires; they just let them burn, as I had multiple tickets that auto-response pretty much told me to fuck off and go to their FAQ look for answer, as they will most likely not answer at all (which was true) Congratulation on your new car; Ethereum bonanza made it possible for me to purchase 6 properties around Palo Alto and be able to rent those out BUT, even if you made only some $ for a car, I strongly advise (probably you did this already) to seek a knowledgeable accountant help as Coinbase share all your info with IRS and I am sure they will be crushing big time (or already started) on those newly minted millionaires (and anyone in between!) https://www.theverge.com/2018/2/26/17055264/coinbase-cryptocurrency-tax-irs-compliance-court-order https://www.theverge.com/2018/2/26/17055264/coinbase-cryptoc...

test6554 8y ago
Congrats! I already reported all my short-term capital gains to the IRS. I'm not going to mess with tax dodging. I got the car with what was left over after taxes.

drcode 8y ago

I've dealt extensively with Coinbase and second this opinion: Whenever I've communicated with employees they appear to be dedicated to resolving any issues in a fair and appropriate manner. However, various parts of their software platform have been glitchy and confusing UX abounds. Additionally, significant mistakes regarding balances on their end definitely happen: At times, they fall well short of their aspirations to provide a professional platform to customers.