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The exception seems to be Coinbase Coinbase isn't an exchange. They are a dealer. When you buy or sell on Coinbase your are interacting directly with Coinbase.
by minimax 13y ago
The exception seems to be Coinbase
Coinbase isn't an exchange. They are a dealer. When you buy or sell on Coinbase your are interacting directly with Coinbase. You trade with them at their discretion. There is even some jargon about Coinbase being able to "cancel or reverse potentially high-risk buys or sells of bitcoin", though it isn't clear what high-risk means from the context. See section 3 of their user agreement.
https://coinbase.com/legal/user_agreement https://coinbase.com/legal/user_agreement
- zvanness 13y agoI'd have to say Coinbase is pretty bad too. From personal experience, a couple months ago, almost every time i've bought at a low, they've canceled the transaction because it was deemed to be "high-risk." Prior to that, i'd buy some coins and they'd wait until the price dropped quite a bit to "complete the transaction." And i'd contact them again and again and it would take them a week to get back to me as the transaction was pending.