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Funny how every time an event happens where people would probably love to sell BTC and cash out these oh-so-great crypto marketplaces always have some issues wh

Funny how every time an event happens where people would probably love to sell BTC and cash out these oh-so-great crypto marketplaces always have some issues why customers can't cash out on mass. It's so predictable at this point it's crazy how it's not criminally investigated yet.

boringg 3y ago
You suggesting this has echoes of robinhood?
kirse 3y ago
Yea I've switched to calling them "CoinBS" for this reason, and I've been with them since the GDAX days. Between the suspiciously inconvenient outages during market volatility and their forced switch-over to Plaid for bank account verification (during which they unlinked my previously verified accounts), I'm pretty much fed up with their absolute garbage customer experience over the past 3-4 years. Problem is Binance is not any better either. If someone rolled out a boutique crypto exchange that offers a quality customer experience & phone support similar to TDA/ThinkOrSwim I would gladly sign up in a second.
deadbunny 3y ago
I mean it seems to only be Coinbase. Hard to imply conspiracy when 1 site is having issues out of many.
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DANmode 3y ago
Believe it was named in at least one complaint against them by the government.
latchkey 3y ago
All of the decentralized exchanges have been running just fine. Once you onboard fiat -> crypto, there is no excuse to use coinbase any longer unless you want to go crypto -> fiat. If you really want to sell to fiat during a bull market where centralized exchanges are failing, sell to a stablecoin of your choice and wait until things calm down for a bit to convert that to fiat.
1vuio0pswjnm7 3y ago
What is the crime being committed when Coinbase allegedly has technical issues. Coinbase has been investigated for criminal activity. For example, https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202301041 https://www.dfs.ny.gov/reports_and_publications/press_releas... https://www.occrp.org/en/daily/17222-us-coinbase-to-pay-100-million-to-settle-money-laundering-investigation https://www.occrp.org/en/daily/17222-us-coinbase-to-pay-100-... https://www.justice.gov/usao-sdny/pr/former-coinbase-insider-pleads-guilty-first-ever-cryptocurrency-insider-trading-case https://www.justice.gov/usao-sdny/pr/former-coinbase-insider... I think it would be interesting to look at whether Coinbase employees and insiders are able to cash out at these price peaks when millions of customers are not, due to alleged "technical issues".

boringg 3y ago

You suggesting this has echoes of robinhood?

kirse 3y ago

Yea I've switched to calling them "CoinBS" for this reason, and I've been with them since the GDAX days. Between the suspiciously inconvenient outages during market volatility and their forced switch-over to Plaid for bank account verification (during which they unlinked my previously verified accounts), I'm pretty much fed up with their absolute garbage customer experience over the past 3-4 years. Problem is Binance is not any better either. If someone rolled out a boutique crypto exchange that offers a quality customer experience & phone support similar to TDA/ThinkOrSwim I would gladly sign up in a second.

deadbunny 3y ago

I mean it seems to only be Coinbase. Hard to imply conspiracy when 1 site is having issues out of many.

deleted 3y ago
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DANmode 3y ago

Believe it was named in at least one complaint against them by the government.

latchkey 3y ago

All of the decentralized exchanges have been running just fine. Once you onboard fiat -> crypto, there is no excuse to use coinbase any longer unless you want to go crypto -> fiat. If you really want to sell to fiat during a bull market where centralized exchanges are failing, sell to a stablecoin of your choice and wait until things calm down for a bit to convert that to fiat.

1vuio0pswjnm7 3y ago

What is the crime being committed when Coinbase allegedly has technical issues. Coinbase has been investigated for criminal activity. For example, https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202301041 https://www.dfs.ny.gov/reports_and_publications/press_releas... https://www.occrp.org/en/daily/17222-us-coinbase-to-pay-100-million-to-settle-money-laundering-investigation https://www.occrp.org/en/daily/17222-us-coinbase-to-pay-100-... https://www.justice.gov/usao-sdny/pr/former-coinbase-insider-pleads-guilty-first-ever-cryptocurrency-insider-trading-case https://www.justice.gov/usao-sdny/pr/former-coinbase-insider... I think it would be interesting to look at whether Coinbase employees and insiders are able to cash out at these price peaks when millions of customers are not, due to alleged "technical issues".