Someone could fraudulently initiate a draft, but ACH drafts can be chargedback, giving you some protection. Obviously this is trickier and more painful than a c

Someone could fraudulently initiate a draft, but ACH drafts can be chargedback, giving you some protection. Obviously this is trickier and more painful than a credit card chargeback because it's your money that's been taken, and not your CC company's. Since the writing of a Knuth article, checks have become less risky, but they're still more risky than credit cards. [1] So like I said, don't give your banking info out to just anyone. There's still risk involved. Whether or not you find Coinbase overly risky is up to your own utility curve. [1] Knuth cites an article [http://perimetergrid.com/wp/2008/01/01/checks-the-most-dangerous-transaction/ http://perimetergrid.com/wp/2008/01/01/checks-the-most-dange...] which has since been updated [http://perimetergrid.com/wp/2008/01/01/checks-the-most-dangerous-transaction/comment-page-1/#comment-354 http://perimetergrid.com/wp/2008/01/01/checks-the-most-dange...]