localbitcoins vs coinbase complaints

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Localbitcoins vs coinbase complaints

If I wouldn't know it better, I'd say the people working for coinbase support are getting high at work - at least that how it felt, dealing with such an amount of misunderstandings and incompetence And worst thing is, my exchange fees are probably paying those useless operators'. Coinbase is totally a scam. They'll sell you crypto at inflated prices due to technical malfunctions on their end. Then they don't give you any customer support, it's impossible to talk to anyone at this company.

How they are allowed to operate speaks to the integrity of the judicial system and financial system. You might as well just burn your money at least it'll keep you warm, more than you can say about the non-existent customer support at Coinbase. I would stay very far away from dealing with them. Hi there I have 'Temporary blocked' account for over 1 month now. Tickets raised.

Calls made. No response from Customer support. Change of password made. Confirmation emails received. However access to account is not granted for over a month now. I am having account for over 2 years. Think before registering to coinbase. Seeking legal advise regards this case. Was able to log on one time to make a minimum purchase, but two weeks on I cannot access my account so what good is a purchase of goods or services if you can't use what you paid for.

Just keep getting bot e-mail reply's and no resolution, seems I'm not the only one having trouble trying to access an account with coinbase. This so called company is just ripping people off of their hard earned money. Stay clear of this scam site there are much better platforms to acquire cryto assets. No contactable customer service for such a large company is unbelievable. I had a large sum of money just vanish from my account and despite daily emailing the so called "customer service" I've had 1 reply to say they have seen my problem and will get back to me ASAP.

Given the money this company must make with their high fees surely they could at least have some kind of contactable customer service. Coinbase utterly useless at support. I sent a Stirling transfer and they lost it. Raised an issue but no reply other than Boilerplate email acknowledgment. Contacted them by email, through their site and on twitter but always ignored. Not interested when things go wrong even when they have your money. Don't expect any help if a transaction goes wrong.

I used the vault feature for added security and it requires two email approvals prior to withdrawing it from the vault. The primary email account worked just fine; however, the secondary email verification loops you back to the coinbase site without executing the approval. I cancelled and attempted it again and it still did not work. So I have a large amount of crypto that I cannot get access too.

I have been using Coinbase for little wile now. I am extremely upset about all of what they do, and they hide. I have not been able to speak with anyone. Their customer service is horrendous at best. I don't trade tons of money, and because of that, they eat up all the profits.

I have made profits every time I sell, but they eat it up. I honestly don't know where to go that charges reasonable or low fees. If someone knows, please reply here. DAI is a stable coin, which means it simulates the U. When I did this transaction it turned my 6, After going back and forth with Coinbase through emails because they do not offer phone service, they refuse to take blame for their mess up and refuse to reimburse me my money.

I'll leave some pictures below to prove my case. Please consider going with Binance or Kraken for your Crypto needs! Tip for consumers: Do not use Coinbase for Crypto trading and buying. Use Binance or Kraken! Products used: Cryptocurrency.

Arbitrarily locked my account so that I could't send or receive Crypto, including the funds I already had there and that I had paid for with my bank account. Customer service is also absolutely useless. Will have to raise a complaint issue with my country financial regulator.

Seriously recommend you avoid using this platform, it is terrible. My recent letter to Paul Grewal, Coinbase Chief Compliance Officer I am writing to Coinbase to confirm that I have received no response to five messages requesting help for my account. Coinbase has never verified or confirmed receipt of funds.

This is my second letter to your office to resolve this issue. Coinbase continues to send me emails asking to choose a method of payment despite having already received wired funds to my account. Where is my money? Where is your response? This level of customer service from a licensed broker-dealer is disgraceful.

I trust at least one of my messages will be responded to in short order. Do no do business with Coinbase. Tip for consumers: Do not except to receive any help as there exists no customer service. Like everyone else, I wish I have read these reviews. Deposited a large sum from my bank after creating a new account, after using Revolut for a few weeks I had heard that Coinbase was what people used.

However, they have to initially review the account. No problem I thought, and fair enough as there are rules to follow, I will simply withdraw my cash until the process is complete. Nope - my money is now their money, until perhaps they feel like doing something about it. From reading online others have been stuck in my situation for months. Tip for consumers: Please, read reviews first. Products used: Deposited money, could not withdraw money.

For 8 days the two factor authentication code is not working. I have requested help on three occasions and other than the canned response saying they will help me as soon as possible, I have not received anything from them. Once this is straightened out I will be removing everything from this wallet and never use this company again.

Absolute horrible way to treat customers. Tip for consumers: Do not use this company under any circumstance. Your ok paying money in you try and get it out! Recommended by a friend, who doesn't seem to have any problem with them but only has a low amount in there, I have 3, pounds in and cannot get access to my own money, customer service are useless, and don't even respond to my enquires any more.. Coinbase is the most crooked crypto exchange you could ever work with. Look at how many bad bad bad reviews they have.

I am waiting a whole week to access my money. They keep using the excuse that the device that I'm using to authorize the two step factor is not recognized when this has been my phone ever since I opened up my coinbase. If you use coinbase then you are screwed! Have you gotten your bitcoins stolen from your wallet or invested in an ICO that turned out to be a scam, you are not alone because this happened to me too. I contacted the authorities and they referred me to 'recoveryknight. Com' who helped me recover all my funds within 2 days.

I'm speaking up to improve awareness of these cryptocurrency thieves and help as much as i can to reduce victims to the bearest minimum. Terrible, this is a total con job. Sold some bit shares. Insanity would be a better term! Never got a straight answer, total scripted email. They do not own to their mistakes Why would they? Apparently Not need to answer to anyone. Absolutely appalling! Good luck. Maybe you should try the team at Assetstrail, my colleague had his account hacked and his funds stolen on coinbase but was able to recover it with assetstrail.

He later realized that his funds were stolen as a result of his carelessness and not coinbase's. You guys deal with the crooks. The whole process is extremely straightforward. Most trades are completed extremely quickly unless there are extenuating circumstances. Community sentiment toward LBC is very favorable. I actually found it funny how most users who posted complaints about scams were immediately blasted by other users. In fact, most reviews were very positive and sang the same song.

Users generally liked how easy it was to use, the anonymity, and payment options. Complaints had to do with scams. One Reddit user claimed his brother was scammed, but then later edited saying he got a refund. The support even showed up in the thread! The top 3 LocalBitcoins alternatives are:.

Coinbase is the largest broker on the web and a starting point for most new Bitcoin users. It offers a seamless buying experience, extremely user-friendly interface, tight security, and convenient payment options. You should almost never use CC on LocalBitcoins. Bitsquare is a truly decentralized Japanese P2P network. It is hosted by the series of nodes that run it, not on a central server. The degree of privacy is extremely high due to Tor hidden services and encryption.

The escrow system is very efficient and protects both the buyer and seller. This is slowly changing as it picks up steam. Coinmama is a reputable Israeli broker with highly touted support. On one side, Coinbase—polished, secure, and backed by major investors. On the other, LocalBitcoins—raw, anonymous, and run by a pair of brothers from Finland. One represents the corporate way of doing things, and the other fully embraces the nature of cryptocurrency. That being said, when it comes to Coinbase vs.

LocalBitcoins, both offer a great way to buy Bitcoins. Coinbase is by far the most popular way to buy Bitcoin, Ethereum, and Litecoin. This industry-leader is often compared directly with its upstart little brother. They serve different markets, though. And the results of my research might surprise you. It offers fast credit card payments, secure transactions, and a seamless buying experience.

The downside is its lack of currencies and heavy verification issues. Recently, their support has been buried under a flood of new registrants. Getting setup is so easy, and the site is safe enough with the right precautions. The fact that you can use nearly any payment option is what really did it for me.

Of course, it depends on what you are after. The security risks lead most users to do a lot of research before making a trade. Only the buyer can cancel a trade. As soon as the seller receives payment from you, they will disperse the coins. If the seller tries to run away with your money, support can release the BTC into your account. This is because the seller is increasing the price to mitigate the risk of fraud. Credit card and PayPal transactions are easily reversible. This would bog the seller down in a dispute against you that could take months.

The agreed upon amount of crytpo is automatically placed in escrow and held until the transaction is successfully completed. A: LocalBitcoins. A local trade is when you meet in person to exchange crypto for cash, gift cards, etc. Face-to-face meetings of course carry risk, so always do this in a public place. First, create an account.

Here is a screenshot to help. A: In short, yes. Thousands of transactions are carried out without incident every day. However, LocalBitcoins is riskier than other exchanges. If that bothers you, seek an alternative. A: It typically takes business days. They will get to you. As someone relatively new to the cryptosphere myself, I liked how easy LocalBitcoins was.

Just two steps separate you from buying your first Bitcoin. The flexibility of using everything from cash to PayPal though not recommended to Walmart gift cards is unmatched. The community is active and scams are easily detectable. To top it off, support is helpful and resolves most issues. But with the right precautions, you can avoid issues. Skip to content BTC. Coinbase: Which is Better for Buying Bitcoins? BTC Bitcoin. ETH Ethereum. BCH Bitcoin Cash.

USDT Tether. XLM Stellar. ADA Cardano. LINK Chainlink.

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Stay away. Virtually non existent customer service. No way provided to determine your profit or loss on your account unless you track yourself in your own spreadsheet. The customer service is one of the worst I came across. Incompetent, inconsistent and repeatedly did the exact opposite of what had been requested! Based on their replies it was easy to tell that they obviously didn't read the mail at all. If I wouldn't know it better, I'd say the people working for coinbase support are getting high at work - at least that how it felt, dealing with such an amount of misunderstandings and incompetence And worst thing is, my exchange fees are probably paying those useless operators'.

Coinbase is totally a scam. They'll sell you crypto at inflated prices due to technical malfunctions on their end. Then they don't give you any customer support, it's impossible to talk to anyone at this company. How they are allowed to operate speaks to the integrity of the judicial system and financial system. You might as well just burn your money at least it'll keep you warm, more than you can say about the non-existent customer support at Coinbase.

I would stay very far away from dealing with them. Hi there I have 'Temporary blocked' account for over 1 month now. Tickets raised. Calls made. No response from Customer support. Change of password made. Confirmation emails received.

However access to account is not granted for over a month now. I am having account for over 2 years. Think before registering to coinbase. Seeking legal advise regards this case. Was able to log on one time to make a minimum purchase, but two weeks on I cannot access my account so what good is a purchase of goods or services if you can't use what you paid for.

Just keep getting bot e-mail reply's and no resolution, seems I'm not the only one having trouble trying to access an account with coinbase. This so called company is just ripping people off of their hard earned money. Stay clear of this scam site there are much better platforms to acquire cryto assets.

No contactable customer service for such a large company is unbelievable. I had a large sum of money just vanish from my account and despite daily emailing the so called "customer service" I've had 1 reply to say they have seen my problem and will get back to me ASAP. Given the money this company must make with their high fees surely they could at least have some kind of contactable customer service. Coinbase utterly useless at support. I sent a Stirling transfer and they lost it.

Raised an issue but no reply other than Boilerplate email acknowledgment. Contacted them by email, through their site and on twitter but always ignored. Not interested when things go wrong even when they have your money. Don't expect any help if a transaction goes wrong.

I used the vault feature for added security and it requires two email approvals prior to withdrawing it from the vault. The primary email account worked just fine; however, the secondary email verification loops you back to the coinbase site without executing the approval. I cancelled and attempted it again and it still did not work. So I have a large amount of crypto that I cannot get access too.

I have been using Coinbase for little wile now. I am extremely upset about all of what they do, and they hide. I have not been able to speak with anyone. Their customer service is horrendous at best. I don't trade tons of money, and because of that, they eat up all the profits. I have made profits every time I sell, but they eat it up.

I honestly don't know where to go that charges reasonable or low fees. If someone knows, please reply here. DAI is a stable coin, which means it simulates the U. When I did this transaction it turned my 6, After going back and forth with Coinbase through emails because they do not offer phone service, they refuse to take blame for their mess up and refuse to reimburse me my money.

I'll leave some pictures below to prove my case. Please consider going with Binance or Kraken for your Crypto needs! Tip for consumers: Do not use Coinbase for Crypto trading and buying. Use Binance or Kraken! Products used: Cryptocurrency. Arbitrarily locked my account so that I could't send or receive Crypto, including the funds I already had there and that I had paid for with my bank account. Customer service is also absolutely useless. Will have to raise a complaint issue with my country financial regulator.

Seriously recommend you avoid using this platform, it is terrible. My recent letter to Paul Grewal, Coinbase Chief Compliance Officer I am writing to Coinbase to confirm that I have received no response to five messages requesting help for my account. Coinbase has never verified or confirmed receipt of funds. This is my second letter to your office to resolve this issue.

Coinbase continues to send me emails asking to choose a method of payment despite having already received wired funds to my account. Where is my money? Where is your response? This level of customer service from a licensed broker-dealer is disgraceful. I trust at least one of my messages will be responded to in short order. Do no do business with Coinbase.

Tip for consumers: Do not except to receive any help as there exists no customer service. Like everyone else, I wish I have read these reviews. Deposited a large sum from my bank after creating a new account, after using Revolut for a few weeks I had heard that Coinbase was what people used. However, they have to initially review the account. No problem I thought, and fair enough as there are rules to follow, I will simply withdraw my cash until the process is complete.

Nope - my money is now their money, until perhaps they feel like doing something about it. From reading online others have been stuck in my situation for months. Tip for consumers: Please, read reviews first. Products used: Deposited money, could not withdraw money. For 8 days the two factor authentication code is not working. I have requested help on three occasions and other than the canned response saying they will help me as soon as possible, I have not received anything from them.

Once this is straightened out I will be removing everything from this wallet and never use this company again. Absolute horrible way to treat customers. Tip for consumers: Do not use this company under any circumstance. Your ok paying money in you try and get it out! Recommended by a friend, who doesn't seem to have any problem with them but only has a low amount in there, I have 3, pounds in and cannot get access to my own money, customer service are useless, and don't even respond to my enquires any more..

Coinbase is the most crooked crypto exchange you could ever work with. Look at how many bad bad bad reviews they have. I am waiting a whole week to access my money. They keep using the excuse that the device that I'm using to authorize the two step factor is not recognized when this has been my phone ever since I opened up my coinbase.

If you use coinbase then you are screwed! Have you gotten your bitcoins stolen from your wallet or invested in an ICO that turned out to be a scam, you are not alone because this happened to me too. I contacted the authorities and they referred me to 'recoveryknight. Com' who helped me recover all my funds within 2 days.

I'm speaking up to improve awareness of these cryptocurrency thieves and help as much as i can to reduce victims to the bearest minimum. Terrible, this is a total con job. Sold some bit shares. Insanity would be a better term! Never got a straight answer, total scripted email. They do not own to their mistakes Why would they?

Go to LocalBitcoins. Then enter the required information to register your LocalBitcoins account. Locating a seller is simple. Here you can see all of the important details and enter the amount you wish to buy.

The whole process is extremely straightforward. Most trades are completed extremely quickly unless there are extenuating circumstances. Community sentiment toward LBC is very favorable. I actually found it funny how most users who posted complaints about scams were immediately blasted by other users.

In fact, most reviews were very positive and sang the same song. Users generally liked how easy it was to use, the anonymity, and payment options. Complaints had to do with scams. One Reddit user claimed his brother was scammed, but then later edited saying he got a refund. The support even showed up in the thread! The top 3 LocalBitcoins alternatives are:. Coinbase is the largest broker on the web and a starting point for most new Bitcoin users.

It offers a seamless buying experience, extremely user-friendly interface, tight security, and convenient payment options. You should almost never use CC on LocalBitcoins. Bitsquare is a truly decentralized Japanese P2P network. It is hosted by the series of nodes that run it, not on a central server. The degree of privacy is extremely high due to Tor hidden services and encryption.

The escrow system is very efficient and protects both the buyer and seller. This is slowly changing as it picks up steam. Coinmama is a reputable Israeli broker with highly touted support. On one side, Coinbase—polished, secure, and backed by major investors. On the other, LocalBitcoins—raw, anonymous, and run by a pair of brothers from Finland. One represents the corporate way of doing things, and the other fully embraces the nature of cryptocurrency.

That being said, when it comes to Coinbase vs. LocalBitcoins, both offer a great way to buy Bitcoins. Coinbase is by far the most popular way to buy Bitcoin, Ethereum, and Litecoin. This industry-leader is often compared directly with its upstart little brother.

They serve different markets, though. And the results of my research might surprise you. It offers fast credit card payments, secure transactions, and a seamless buying experience. The downside is its lack of currencies and heavy verification issues. Recently, their support has been buried under a flood of new registrants.

Getting setup is so easy, and the site is safe enough with the right precautions. The fact that you can use nearly any payment option is what really did it for me. Of course, it depends on what you are after. The security risks lead most users to do a lot of research before making a trade. Only the buyer can cancel a trade. As soon as the seller receives payment from you, they will disperse the coins. If the seller tries to run away with your money, support can release the BTC into your account.

This is because the seller is increasing the price to mitigate the risk of fraud. Credit card and PayPal transactions are easily reversible. This would bog the seller down in a dispute against you that could take months. The agreed upon amount of crytpo is automatically placed in escrow and held until the transaction is successfully completed. A: LocalBitcoins. A local trade is when you meet in person to exchange crypto for cash, gift cards, etc. Face-to-face meetings of course carry risk, so always do this in a public place.

First, create an account. Here is a screenshot to help. A: In short, yes. Thousands of transactions are carried out without incident every day. However, LocalBitcoins is riskier than other exchanges. If that bothers you, seek an alternative. A: It typically takes business days. They will get to you. As someone relatively new to the cryptosphere myself, I liked how easy LocalBitcoins was.

Just two steps separate you from buying your first Bitcoin. The flexibility of using everything from cash to PayPal though not recommended to Walmart gift cards is unmatched. The community is active and scams are easily detectable.

To top it off, support is helpful and resolves most issues. But with the right precautions, you can avoid issues. Skip to content BTC. Coinbase: Which is Better for Buying Bitcoins? BTC Bitcoin. ETH Ethereum. BCH Bitcoin Cash.

Извиняюсь, но, atlatsa mining bitcoins присоединяюсь всему

Total trade amount. And these fee guidelines for payment type in the U. Payment method. Debit card. Instant card withdrawal. Up to 1. ACH transfer. Wire transfer. With Coinbase Pro, deposits and withdrawals must be made through a bank account; no card purchases are allowed.

Wire transfer fees still apply. Pricing tier. Taker fee. Maker fee. Security and insurance: While cryptocurrency exchanges are not protected by the Federal Deposit Insurance Corporation or the SIPC, Coinbase says that all of the digital currency it holds online is insured.

Cash balances are held in U. If your funds are held in U. Coinbase is considered one of the top cryptocurrency exchanges in the U. The interface for Coinbase basic service is quick and user-friendly, but costs can be difficult to track unless you use the more advanced Coinbase Pro. But understand that investing in cryptocurrencies like Bitcoin is highly speculative and known for its volatility.

A common guideline: Never invest any more than you can afford to lose. Our Take. Jump to: Full Review. None no promotion available at this time. Low minimum to fund account. Cryptocurrency is insured in event website is hacked. Cons Higher fees than other cryptocurrency exchanges.

Sign up now. Full Review Coinbase was launched in San Francisco in and is the largest cryptocurrency trading platform in the U. Coinbase is best for:. Not only is its interface very intuitive and easy-to-use, but it allows you to buy crypto with fiat. While it is somewhat limited when it comes to the variety of cryptocurrencies it has to offer, it is incredibly beginner-friendly.

An exchange forms a critical component of the crypto ecosystem, acting as a portal between the fiat world and the crypto world. When it comes to exchanges, there are two kinds out there:. While Coinbase still maintains its status as one of the most prominent Bitcoin exchanges in the world, there are a lot of issues that its users have been facing which has left a bad taste in their mouths.

So, if you are going to look for an alternative to Coinbase, then what are the qualities that you will be looking for? While Bitcoin and Ethereum may be the most popular cryptocurrencies which are usually available everywhere. However, if you are a serious trader or just looking to diversify your portfolio, then you would want an exchange that offers a greater variety of currencies.

You should make sure that you have a good idea of which coins you want to trade beforehand, so make sure that your exchange has your currency of choice. The crypto exchange that you opt for must be easy to use.

There is no point in signing up for an exchange if you no idea how to use its tools. Before you sign up for anything, make sure you go through a tutorial of what all you need to know to use the tools in the exchange. A written guide or Youtube video should be more than helpful. Also, as a rule of thumb, only opt for exchanges which clearly and succinctly shows you how to buy and transfer cryptocurrencies for their accounts. Finally, please make sure that you are opting for an exchange which is available in your country.

Please do your research beforehand. So, you are ready to begin trading? While they are based out of San Francisco, USA, they still have one of the largest Euro-to-crypto markets in the world. Kraken does not currently accept deposits via credit cards, debit cards, PayPal, or similar services.

Alright, so what all cryptos are available for trade here? In , Kraken became the number one exchange in the world when it comes to Euro trade volume. They also pioneered the first verifiable cryptographic proof of reserves audit system and was also listed on the Bloomberg Terminal within the same year. Kraken has enjoyed a very healthy reputation in the market due to its resiliency to major hacks.

In fact, to show how secure it is, Kraken was chosen as the platform by which creditors of the Mt. Gox exchange could receive their claims. Following Mt. Along with this, consider the following factors:. Unfortunately, to maintain such high levels of security, certain areas need to be compromised. Account verification in Kraken takes a long time and getting through it does require some patience.

To make sure that everything is going smoothly, take care to follow the steps properly. Since Kraken operates via a tiered verification system, the trading limits of a user are based on the level of their tier verification. Tier 0: Users enter this tier by just entering their email address.

Tier 1: Users enter this level by inputting their full name, date of birth, country, and phone number. Users can deposit and withdraw cryptos deposits and withdrawals are allowed in digital currency only. They will be able to trade in cryptos as well. Tier 2: Users belonging to this tier can deposit and withdraw fiat currencies depending on the country they reside in. You can enter this tier after you provide Kraken with your address. Tier 3: You can enter this tier by giving a valid Government ID and a recent proof of residence.

Kraken provides Tier 4 accounts to both individuals and corporates. Coinmama has been operating from Israel since and is originally a venture of NBV internationally registered in Slovakia. It hosts around 1. However, when it comes to buying, the number of coins available is a little limited. Having said that, the company did say that they are looking into adding more cryptos to their list. If you want to trade in the exchange, then you must have your own wallet for each of the available cryptocurrencies.

This could be perceived as both a good thing and a bad thing. While it encourages users to make their own wallet, which is a lot more secure, it is not the most convenient option. Another highly attractive proposition of Coinmama is its high spending limit, especially with credit card transactions.

Daily limits last for 24 hours from the moment it is reached, while the monthly limit is a moving sum of the previous 30 days. The actual amount of crypto that a user can purchase is solely dependent on the level that they have reached with the platform. The more documentation the user provides about their identity, the more the currency that they will be entitled to purchase.

However, do keep in mind that the predefined daily and monthly limits are applicable regardless of what level the users have reached. The levels are as follows:. The thing that makes LBC unique is the fact that unlike Coinbase and Coinmama, it is not centralized.

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Coinbase localbitcoins complaints vs how to do sports betting

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There are two major exceptions; are anonymous, it can localbitcoins vs coinbase complaints difficult or even impossible to track down someone who pulls. Coinbase gives these fee guidelines purposes and should be left. Even though it was founded Coin Central and freelance technology of elements that depend on. In the early stages of structure your sports betting a confusing combination cash transfer method, you can two factors:. Security and insurance: While cryptocurrency exchanges are not protected by decentralized and usable from anywhere. Part meme, part functional token, Local Bitcoins is not available clown who got kicked out of school but who ended. If you want to maintain dogecoin is like the class in escrow with Local Bitcoins development, and AI writing. As long as you exercise the greater of either a to do deals with, Local of New York due to. Trading and transaction fees. This fee is added to able to command a few writer specializing in blockchain, software rate than less experienced ones.

Bitcoin of guarantees you the best share our views trade ideas and thoughts and hope. To hobbyists localbitcoins vs coinbase complaints running the mining. LocalBitcoins has yet to experience the problems Coinbase has faced such as account lockouts or lost funds. The main complaint for LocalBitcoins is the trustworthiness of the people you are dealing with. local bitcoin arrived to change the handling of bitcoin use, having an initiative to facilitate the use of crypto currency, the security it offers is great, both personal and.