Should you avoid Coinbase?

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Passiveearner

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• Jun 16, 2024

• #1

Coinbase is a very popular exchange. It is also a very popular wallet as well, which us used by many people around the globe. However, Coinbase is not free from flaws. You cannot trade in cryptocurrencies if you live in certain countries. So, what are some reasons to avoid Coinbase?

 

Shavkat

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• Jun 16, 2024

• #2

I stop using it because of the changes. I am so disappointed and it made me frustrated. That is the reason why I stopped doing cryptocurrency thing.

 

nomad

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• Jun 16, 2024

• #3

Want to avoid coinbase, don't sign up or don't use it. It is as simple as this. We already have multiple options

 

eldavis

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• Jun 16, 2024

• #4

It depends on you, I don't use coin base cause i see no need for it so I don't bother reading about it.

 

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Stardom22

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• Jun 17, 2024

• #5

I have never used that before. I have heard many people complaining about the higher transaction fees.

 

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Stardom22

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• Jun 27, 2024

• #6

For me l have really bad experience with that but there are some people that they really have no problems with the exchange.

 

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Fidelia

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• Jun 27, 2024

• #7

Coinbase is a rip off when it comes to fees and charges for transactions. They charge almost like PayPal. Anyways, it is American establishments.

 

cherry123

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• Jul 2, 2024

• #8

I think they have excluded Nigerians from their services so we are avoiding them. No need to waste time on it

 

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King Belieal

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• Jul 6, 2024

• #9

Fidelia said:

Coinbase is a rip off when it comes to fees and charges for transactions. They charge almost like PayPal. Anyways, it is American establishments.

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I think that is true. My friends outside that use Coinbase are always talking about it's fees. They don't seem to understand that they are a crypto exchange and not a payment merchant.

 

cherry123

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• #10

I know when I was using them they di charge high for transfer. So it good riddance for me at this point

 

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King Belieal

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• Jul 8, 2024

• #11

cherry123 said:

I know when I was using them they di charge high for transfer. So it good riddance for me at this point

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Their fees are so high. I don't think that I can even use them ahead of Binance even if they were available in my country.

 

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Ratine

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• Jul 10, 2024

• #12

For me l really don't like using that but l am sure that there are others that really like it so much.

 

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Etini Willie

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• Jul 11, 2024

• #13

I have tried using their wallet but it doesn't work for me. I don't fancy their exchange.

 

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timewo

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• Jul 19, 2024

• #14

Coinbase is not longer available in India , it is very inconvenient for the users who opened a coinbase account and used their addresses.

 

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Min George

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• #15

timewo said:

Coinbase is not longer available in India , it is very inconvenient for the users who opened a coinbase account and used their addresses.

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I think Coinbase stopped functioning in Asia and African countries. They are only functional in USA and Europe mostly.

 

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Stardom22

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• Aug 7, 2024

• #16

I actually don't use that exchange. So l may not have information about that for sure.

 

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Ratine

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• Aug 8, 2024

• #17

For me l have never used that exchange for matter. I am not into that cryptocurrency so much.

 

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Ratine

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• Aug 16, 2024

• #18

I think that is very straightforward. If Coinbase is illegible in your country you can avoid it.

 

Golden9

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• Aug 17, 2024

• #19

The two main reasons I've seen people complain of are the geographical restrictions, and the high fees. Also regulatory scrutiny by tax authorities is stricter.

 

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Stardom22

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• Aug 29, 2024

• #20

Like in my country the Coinbase app is very limited to very few services for sure