Coinbase Sucks

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  • kmarinouofm
    SBR Hall of Famer
    • 01-26-09
    • 8437

    #1
    Coinbase Sucks
    tried to buy bit coin via coin base using my bank account. .make a purchase.. and only after it tells me I won't have the money till today.. well that sucks..

    Then I try to do an instant buy with my credit card.. and I am told I can only buy $40 at a time? How does that help me?

    I check my account today.. I still don't have my bitcoin.. and next to is it says I will have it in 6 days?

    So close to two weeks to get actual bit coin in my account ? how is that possible?

    tell me there is a better way.. because I was just starting to like this bit coin shit..
  • Crusherrr
    SBR MVP
    • 06-27-16
    • 3646

    #2
    Once you do it a couple times the limits get raised and it becomes instant.
    Also. Never send from Coinbase directly to book.
    Comment
    • kmarinouofm
      SBR Hall of Famer
      • 01-26-09
      • 8437

      #3
      Originally posted by Crusherrr
      Once you do it a couple times the limits get raised and it becomes instant.
      Also. Never send from Coinbase directly to book.
      yeah using a wallet in-between
      Comment
      • Memento
        SBR MVP
        • 01-28-15
        • 1192

        #4
        I prefer circle...start out at $300/week instant from bank account with some verification...then up to $3000/week instant after a few transactions (about a month).
        Comment
        • kmarinouofm
          SBR Hall of Famer
          • 01-26-09
          • 8437

          #5
          Originally posted by Memento
          I prefer circle...start out at $300/week instant from bank account with some verification...then up to $3000/week instant after a few transactions (about a month).
          cheers
          Comment
          • TheMoneyShot
            BARRELED IN @ SBR!
            • 02-14-07
            • 28672

            #6
            Originally posted by kmarinouofm
            tried to buy bit coin via coin base using my bank account. .make a purchase.. and only after it tells me I won't have the money till today.. well that sucks..

            Then I try to do an instant buy with my credit card.. and I am told I can only buy $40 at a time? How does that help me?

            I check my account today.. I still don't have my bitcoin.. and next to is it says I will have it in 6 days?

            So close to two weeks to get actual bit coin in my account ? how is that possible?

            tell me there is a better way.. because I was just starting to like this bit coin shit..
            You can also use a Debit crd at Coinbase. It still sucks... I agree with you... but the daily max limit is $250.00 and it's Instant. There is a 3.75% fee to use this option. Your max resets every 24 hours. So, every day you can purchase $250.00 instantly.
            Comment
            • Memento
              SBR MVP
              • 01-28-15
              • 1192

              #7
              Originally posted by TheMoneyShot
              You can also use a Debit crd at Coinbase. It still sucks... I agree with you... but the daily max limit is $250.00 and it's Instant. There is a 3.75% fee to use this option. Your max resets every 24 hours. So, every day you can purchase $250.00 instantly.
              No fees at circle...but it is a weekly limit.
              Last edited by Memento; 07-08-16, 08:07 PM.
              Comment
              • TheMoneyShot
                BARRELED IN @ SBR!
                • 02-14-07
                • 28672

                #8
                Originally posted by Memento
                No fees at circle...but it is a weekly limit.
                I'll check it out. Thanks for the post!
                Comment
                • QuantumLeap
                  SBR Hall of Famer
                  • 08-22-08
                  • 6878

                  #9
                  Originally posted by TheMoneyShot
                  You can also use a Debit crd at Coinbase. It still sucks... I agree with you... but the daily max limit is $250.00 and it's Instant. There is a 3.75% fee to use this option. Your max resets every 24 hours. So, every day you can purchase $250.00 instantly.
                  I have a $10k per day limit but I have been with them for almost 3 years and I've moved that much in 1 day.

                  No more need for localbitcoins.com with their 8% to 12% markup for instant bitcoin.
                  Comment
                  • TheMoneyShot
                    BARRELED IN @ SBR!
                    • 02-14-07
                    • 28672

                    #10
                    Originally posted by QuantumLeap
                    I have a $10k per day limit but I have been with them for almost 3 years and I've moved that much in 1 day.

                    No more need for localbitcoins.com with their 8% to 12% markup for instant bitcoin.
                    You have a 10k Instant Limit? Or the 4-5 day processing time limit? You're lucky if you have the instant. I don't know why I got fukked for? I didn't even do anything. All that happened was the expiration date on my CC changed... then all hell broke loose. I don't get it.
                    Comment
                    • temple2010
                      SBR MVP
                      • 03-16-10
                      • 1369

                      #11
                      Originally posted by Memento
                      I prefer circle...start out at $300/week instant from bank account with some verification...then up to $3000/week instant after a few transactions (about a month).
                      Yup- Circle the way to go- took me a few transactions and now have $3,000 weekly limit- just in time for football!
                      Comment
                      • QuantumLeap
                        SBR Hall of Famer
                        • 08-22-08
                        • 6878

                        #12
                        Originally posted by TheMoneyShot
                        You have a 10k Instant Limit? Or the 4-5 day processing time limit? You're lucky if you have the instant. I don't know why I got fukked for? I didn't even do anything. All that happened was the expiration date on my CC changed... then all hell broke loose. I don't get it.
                        Sorry, got confused. I saw a 10k/day limit and it turned out to be the limit using a bank account, NOT instant buy. My instant buy limit is $250/day.
                        Comment
                        • FreeFall
                          SBR MVP
                          • 02-20-08
                          • 3365

                          #13
                          Originally posted by Memento
                          No fees at circle...but it is a weekly limit.
                          Sure they don't have a "fee", but check the price of bitcoin you're buying. You lose in that spread the money they take. It's not "free".
                          Comment
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