CB

booose6

Genuinely seeking help here.. can anyone tell me why my CB wallet will sometimes desplay the asset name as “Chainlink” one day then “ChainLink Token” another day? Why is this happening?

innocentrrose

I’d suggest looking into virtuals protocol. Seems like CB is giving more support and a good amount of x402 txns are agents on virtuals. If you believe in AI crypto at least

RetiredAvocado

Didn't say it belongs to CB. Said BR doesn't have it.

HSuke

I think you might be alone on that opinion. Exodus lacks half of the advanced features of MM, Rabby, and CB wallet. It's one of the most basic wallets I've tested.

Live_Jazz

Correct, but I had a dormant Coinbase account, so going through that UI made the process quick / no additional setup needed. But yeah, if someone has no history with CB, I’m sure it’s easy to go direct.

IAmSomewhatDamaged

It’s not really that difficult man. It’s just one extra step lol. Transfer cash into CB >> swap to USDC >> hold. You can always just swap it back to cash. Takes like 30 seconds. I understand that mannnnny people don’t like exchanges period though, so I get it..

GradeStrange2306

first (as others mention) get your coins out of the exchange (coinbase in ur case). coinbase has their own hot wallet called Base. this is because when ur coins are on exchange you don't actually own them. (ie the saying "not your keys, not ur crypto) should CB need the funds for liquidity they can simply take yours and you're SOL. when you move to a hot wallet you then own them. you have the pass keys and no one but you can take them. you essentially become your own bank. you can still actively buy/sell/exchange on CB. this is first line of defense and used for active trading. when ur bag grows and you want to "park" your profits and have high security you'll get a cold wallet (like a Ledger or Trezor). these are hardware wallets completely offline. but first step is def get the coins off the exchange into a hot wallet. there are tons of YT videos. watch them all. as others mention, DO NOT get mixed up in MEME coins or believe the hype of becoming a millionaire overnight. it's complete BS unless you are sitting at ur desk every second of every day timing these shit coins. hope that helps some.

OG_Wile_Coyote

No one ever wins this. They never post about it. CB is lowkey ass.

Mairl_

most likely they sent him a 0 liquidity token trough eth named "ETHEREUM" on his CB wallet (not exchange)

totalmarc

CB = Coinbase?

PsychologicalBit803

I’ve been arguing this on here for a good while. I use CB and in the US at least feel it is more than enough security. Enable 2fa and don’t be careless and it’s fine. I use a Trezor also so if I ever felt like CB was in jeopardy I have that option available. I just got an Arculus this week and will set that up in the next couple days as it seems to be a much easier way to add security also.

Head-End-5909

Is what subscription level? CB One basic ($49/yr) limits you to $500/mo

wh0rl

Good luck with setting up a business account on CB without spending tons of money upfront

Consistent-Baby5904

yeah, it's absolutely dumb to leave large sums of cash on a platform. unless they have millions of dollars to spare, sure. Kraken can take that money anytime they wish, or it could be compromised, and Kraken will just give them the finger and move on. why would Brian or his Toshi cat care about CB? you call the shots. your friends should not be your advsisors. your advisors should be advisors if they are experts.

SouthernReddit23

I have CB linked to BitPay. I have gotten as far as open in app and got to the slide to pay in btc part but am afraid to go through with it based on comments in here. Lol

booose6

Anybody else having issues with CB Wallet? It showing my ETH price but jot showing the price of my other assets.

PsychologicalBit803

Yes, keeps up with her own CB account and watches it. Doubt she is looking daily but checks it a few times a month to see where it’s at.

corgibuttastic

Wait the comments here are a little confusing. Because I’m getting the feeling that having 200k on CB is a bad thing. But like , when we buy bitcoin it’s pretty normal to be a whole coiner or two. I’m well north of that minimum now… I’m I in danger? Also just got the card.

DCMoney202

Got it and use it all the time. I’m at 3% for now (getting close to 4%). I love abroad so no foreign transaction fee as well. I love how they integrated it into the CB app and tell you instantly how much you are getting back in BTC (and neatly track it all). I think CB did a really nice job with this rollout.

Obsidianram

I don't find this remarkable. Both CB and Kraken were conducting maintenance around the same time the hiccup happened. I would expect major systems that conduct massive volumes & backend operations that are doing critical upgrades to be systematically restarting sections over a period of time.

matthegc

If you are really keeping that amount of assets on CB to qualify for the 4% you are regarded

Anatocisms

Very bad CB ad :D

Intrepid_Upstairs243

I remember when GYEN, a stable coin on CB, glitched and the little bit of money I had it there shot up to 5K. I was so tempted, but I’m glad I did nothing because everyone that did CB went after them. 😂😅

PsychologicalBit803

Should be able to prove you bought it by bank record or something. Money came from somewhere. If someone hacked the account they had to have info to do it. I use 2 factor. My BTC is self custody on Trezor right now. Other crypto I keep on CB

uncapchad

CB and Robbershood, apparently AWS issues

PsychologicalBit803

I self custody also. Never going to argue going that route but fact is Coinbase isn’t going down like that without plenty of notice. They are publicly traded with quarterly audited financials. I understand anything can happen but this isn’t FTX. The longer we go the better mainstream exchanges will be. CB is holding crypto for a lot of governments and some of the biggest companies. I feel safe with them. As many people can argue this point I’ve heard stories where someone died unexpectedly and the family stuck trying to figure out where the guy had all the holdings and managing seed phrases. I’d hate to think my family was having to trust someone with seed phrases to help recover anything. Much easier just having access to my phone.

Unbalanced_Acctnt

True, but there are better low fee exchange options than CB. As an example, River charges no fees on regular recurring purchases after the 1st purchase if that fits someone’s needs. I’m sure there are other options as well.

knmiho

I don't use CB and research is very very minimal, I just look for anything that hasn't hit a real high, throw cash at it, set the order and forget about it.

Emergency_Egg1281

Yes , but , The exchanges want to sell newer assets now to give the chance for a big pump. Problem is when im sitting on my CB account and just bought 1k of league of kingdoms about a day before it spiked at ^130%..... im hitting sell order and it is not going through and finally I get notice I sold ( at ^ 65%).... Then next morning, no cash. Transaction failed. All kinds of excuses but they failed me.

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Post is by: Revenantjuggernaut and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1o9np06/recallusd/ New on CB and it’s popping off about to break 0.50 and it’s gone from there. Just jumped from riding ZEC all day *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

vremains

Not to mention leverage/futures trading this cycle... I barely remember and mentions of it in 2021, but now CB and most other major exchanges offer it. They shift the market in ways not seen before... There was over 40 billion in longs and only 1 billion in shorts during our previous peak. The exchanges aren't going to pay out all those longs. When the pressure builds up like that, they almost have to get liquidated. Not everyone can win that easy.

GladComb6654

Answered the call, didn’t give any details over, they handed a reference id before I hung up aswel of CB 782 317

bozoputer

only use the ETFs - they are far more liquid and cheaper to transact than on CB. Simple too.

_Piratical_

I’ve been with Trezor since the original V1 product. It’s gotten a lot easier to manage things using their wallets and their products also interface with loads of other software wallets (making them secure as any transactions have to be signed by the Trezor to be valid.). As for the sending and receiving of the actual coins, you should have been able to send BTC on the Bitcoin network out of CoinBase. The issue may have been that when you move funds (USD not crypto) into CB, they have a hold time before you can send anything out (including cash, or crypto) fits usually three or more business days. After that you should be able to use whatever network your coins are on to send the coins out. Hopefully that is the issue. Also: be sure that you are buying coins that can be stored on Trezor. There are loads than can including all of the OG coins (BTC, ETH, SOL, ADA, and tons of others but not _all coins_ are on networks that work with Trezor. Do look up the ones you’re interested in!

uthillygooth

At one point on Friday, I saw Base cbBTC at 105k and BTC at 113k on CB. Not sure if it was worse at one point.

UtahImTaller

I was able to buy the whole time on CB

FromtheBigO

Most certainly. And we’re a major city, just on the small side. There’s 34 larger cities above us. And 10,000’s of cities of any sort around the US. Somehow we have these and other up to par city ordeals, but boy we refuse / are 25 years behind our immense growth in terms of STACKING (high rises / skyscrapers) vs SPREADING — hellaciously. This ain’t NYC/LA but damnit, now they’re trying to catch up those 25 years — better public transit would be amazing, but again, 25-30+ years behind — statistically we have 1.47 vehicles per INDIVIDUAL. Almost half the metro has a secondary vehicle as you simply have no choice. We have so many projects going on simultaneously and expansion, you couldn’t dream of making it from Plattsmouth to Elkhorn in less than 45mins to an hour. That’s if you’re lucky. Gotta pick up in CB and need to go west? How west? 144th & Dodge? Or 265th & Pacific? It’s just insane. There’s so much more it’s just stupid. Get it together largest metro in NE & IA.

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Post is by: TheTechGuyJ and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CoinBase/comments/1o3vqki/f_coinbase/ Ok... so I just have to rant. I am so mad at Coinbase! Yesterday evening (October 10th), the entire crypto market took a huge dip down. I wait a long time for these huge dips keeping capital ready and I buy like crazy. Yesterday I was watching as this dip happened. XRP went down as low as $1.76 per coin!!! On the way down I placed orders at $2.10, $2, $1.90, $1.85, and $1.75 using the Coinbase app on my phone . Each of these orders was for $500. After each order I recieved the little message that my order was placed successfully (or whatever the exact wording is), and I watched as each of those price points hit and for a short time hovered around it. Of course this all happens pretty fast within 10-15 minutes. Eventually the price rebounded and stabilized around $2.30-2.50 (currently around 2.44 while writing this). Right after placing the orders i went into my "Orders" page, and I see that not only did none of those orders fill, but they dont even show. Not 1 of them showed in my orders page. They didn't fail, they weren't pending, they just did not exist as if I had never placed them. Note...while I was placing each order i noticed my available funds were decreasing after each order I placed. So each order was taking up my available capital as if it was being placed. But still I watched the price hit those targets, drop below them, and come back up with not 1 single fill. In my opinion anyone with any sense has to know that huge dips like that are not accidental or coincidence. Maybe they are AI, algo, or driven by institutional manipulation i dont really know. But I know that as a regular retail trader the cards are stacked against me in many ways and this BS that happened to me on CB yesterday proves my point in my opinion. I am absolutely livid about this. I have been waiting for this dip for quite a while and I was completely robbed! I know there is nothing that can be done and no one really cares but I just had to get this out. Did anyone else have anything like this happen to them? I feel that Coinbase purposely or intentionally blocked my orders or something. I do t really know what to call it but its 100% bull shit! I assume at that time with the market acting like that, Coinbse was likely experiencing high volume and possibly overloads on thier platform. But I dont accept that as an excuse. I feel I have been robbed in a sense! I wish there was something I could do. But im sure in the end the fight would not be worth it. Just another example of how the little guy does not mean shit and big business can do whatever they want to screw you and all you can do is bend over, take it, and say thank you sir...may I have another! F COINBASE!! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Neat-Ad2953

on what exchange? i saw 107 the bottom on CB

MattBonne

They raised their fee recently, that’s the last straw for me to leave CB

Reasonable_Ocelot_71

I 1000% had issues with CB.

PuttForDough

Should regardless. Fees and spreads are awful at CB. Fuck em

PuttForDough

Spreads and fees are abhorrent at CB

77sleeper

On CB, yes kracken was AFU

77sleeper

Yup, the site was borked, swapped to CB, and it was slow but functional. It probably cast me a little, but not as much as not buying

T2LV

I am seriously in shock. For the last 2 hours TIA was 20-30% cheaper on osmosis than CB. All I had was $200 but by buying osmosis, sending CB to sell, send USDC to Osmosis over and over again, I turned $200 into $13k?!?! wtf!! I can’t believe this.

cico_to_keto

Wtf? I missed it but you mean to tell me if I wasn't out to dinner CB would have not let me purchase the fire sale? I'll switch services over that.

JCSTR45

My buddy buys on RH and he couldn’t but finally went through. I’m on CB and it was delayed but went through.

Olskoolah

CB must have screwed up and left non whales like me execute buys. Someone gonna be in trouble 😂

InterestingRound6134

What do you know, CB wouldn’t let me buy more at avax under 20 either kept getting error

pjakma

Savings (fiat cash) exist to be raided by these parasites (money printing essentially takes value from cash-savings and transfers that value to the state / CB for redistribution to the state's favoured interests). They will fight tooth and claw to protect that system, because it is what gives them their power.

Apprehensive_Let9521

FDIC protects you against bank failure, not fraud. If your bank account gets hacked or debit card compromised it will take months to dispute and even then you might not get your money back. Secure tire CB account with physical 2FA and it’s next to impossible to get hacked.

MichaelAischmann

Of course it is possible. You should simply initiate a withdrawal from Upbit and enter your BTC deposit address from RH or CB. Check if there are any Terms of Service rules that prevent it. An easy way to do that is give AI a link to the ToS and ask if it contains any transfer restrictions. In the unlikely case there are restrictions, withdraw to your own wallet first and then send it to CB/RH.

adiabatic_storm

4X points on Amex Gold is basically 4% back, assuming you buy the $100 gift cards that cost exactly 10K points (some gift cards are more like 12-14K points, making the points less valuable). So, you're better off using the Amex for dining *IF* you're smart about how you deploy those points (e.g. the gift cards) and you plan to use them right away. If you don't use them right away, like within a few months, there's a decent chance your 3% BTC rewards on the CB card will have already grown and become more valuable than the 4X Amex points. And of course, if you're using Amex points unwisely (the more expensive gift cards, statement credits, much of the travel, etc.) then you're better off just doing the CB card and getting 3% back in BTC out of the gate.

PDX-ROB

There was an article written about this a while back. It can still be hacked by faking the ID and getting CB to reset your account. Right now IMO the safest route is to stake ETH and accept a lower reward in exchange for the 4%. I haven't done the math so I dunno if it works in your favor, but if you don't want to deal with staking yourself having CB do it and manage your rewards for taxes the 4% is a bonus.

PDX-ROB

Do you pay and view transactions via coinbase? Also if I have 200k in assets at cb, and use the $50 CB one tier am I eligable for 4% back or do I need to pay for the highest tier?

Chemfreak

From my understanding if you do deep dives into the CB issues, they were due to inadequate KYC documentation. IE they have to freeze assets if they dont have proper documentation. This is the same with banks or any financial institution. Also there are customer service issues and their programs fucking up, but ultimately if your KYC passes (which you can do before depositing BTC), you're good to go. Once again if you are wanting to not submit IDs or get around the SEC/IRS compliance issues, I have no idea what to do for you. For actual experience, I have withdrew a couple hundred feom Venmo from the Celsius settlement. But once again, I had to go through an intense KYC approval that was tedious and full of bugs.

vremains

At least use the CB wallet

RedneckHippy76

That is the question of the ages. You have to experiment. CB wallet supports quite a few but CB doesn't support the coins or anything associated with the wallet other than the interface. ( My experience) If you're careful it's doable. Then there is Phantom, primarily SOL related. It's fun, but like a slot machine for thousands of "projects" mostly for the benefit of the "makers". You can hit it big or lose everything Good luck 🤞

DiamondHandsDarrell

To be fair, any "exchange" is dangerous because of history. Everyone points at Mt Gox as the example. At this point in the game, CB appears to me to be as safe as it gets. They have $250k in account protection that you can setup (it's through coinbase one). That being said, how many have seed phrases have been lost, mixed up the order, exposed, or just messed up in any number of ways. So that's the issue with KYC. CB has also put in a lot of work and money to lobby for crypto. I feel that if they wanted to scam users, they would have done that long ago and saved themselves a ton of money. There was some insider trading a while back and as far as I can tell, it was resolved. My only concern is BTC because everything else feels like a scam to me. CB gives me the confidence to use their service and keep my business. At the end of the day, it's what every individual feels is right for them and there is no wrong answer. Ultimately, what gives me confidence is they not only have retail holdings, but institutional as well. The real big players and a lot more to lose than I do and I would imagine they wouldn't be ok beyond defrauded. They also have much more money than me to sure and try to make themselves whole should something shady occur. Best of luck Cheers

Hefty_Map3665

Risk is CB going bankrupt or the CEO making a poor decision that brings the company down USDC becoming unstable Your account being hacked. All those are more likely to happen than FDIC failing you. If the little extra profit is worth that risk to you then go at it. I have been a CB member since 2017 but I still wont put my life savings in it

DiamondHandsDarrell

Same here. I think it's less work for me personally to pay two credit cards than so many. Fidelity 2% for anywhere Amex isn't accepted and that's it. I'll cancel my yearly fee cards and pocket that money. I'd pay Costco with the CB Amex, but they don't accept Amex anymore 🤦🏻‍♂️ so I guess 3 cards in all

Myth_Mula

Unfortunately CB

LankyRep7

Get's loan for BTC on CB then Buys more BTC on Strike. Standard end of September process.

nemes1sx1st

I got an invite as well just curious though does the Coinbase one card as an actual credit card meaning apply for the card through AMEX and get approved with a credit limit or is it simply based on how much crypto or assets are in the account? Also, if I make a charge with the Appointment, one card doesn’t bring up a balance that I can pay ACH checking instead of it, pulling from my CB balance.

Gotmewrongang

Wait, is CB Coinbase? You took out a loan against your BTC, used it to buy more BTC, and now what happens? Sorry in having a hard time following this but am very intrigued

canadianragweed

Yes I have a plan in place. This is one of the pros to just buying the ETFs. The self custody aspect of crypto is a nice feature but, it's not mandatory by any means. Honestly I don't understand the hatred of exchanges like CB and Binance. If one of them fails at this point, crypto as a whole is probably done for. They are too big to fail at this point. We would see a 98% crash if not 100%. One could argue that housing your own keys is just as dangerous as holding on exchange. Lots of room for human error there. That said, not having a plan is probably the most dangerous thing you could do unless you just don't care.

SpeakingBizClub

Its a Woocommerce site connected to Coinbase. Everything seems to be set up properly according to CB. I'm just curious if folks are actually spending it. I don't imagine the market I'm targeting is big into crypto. But I thought I might as well have the option.

MichaelAischmann

Chat with CB.

ThatChrisGuy7

lol I wanted to get in on $TROLL yesterday but it wasn’t trading on CB yet. Now today it’s up 30% so far lol. Ready to see a decent pullback tho

Head-End-5909

I just read about one person who’s been trying to get his inherited assets from Coinbase for some time now. It’s been an uphill battle with CB. Being a comp sci major isn’t going to help.

Alternative-Cup4721

Got burnt for 5k on coinbase. Hacked mid air, kept my wallet offline for years. Tried to cash in when it was 30k. Triple checked the address. Sent it all in one go and then got locked out my account on CB, once back in. It was never received, tried to hunt it down in block chain but gave up. No idea what people are using now but there was a huge group of people scammed by coinbase

qna1

The fee structure is different on CB. If I put $500 in at once.  I would still pay a fee for each purchase every week/day. That said, I should really check the fees/fee structures elsewhere. Thanks 

LankyRep7

Got a loan from CB and set a limit order on Strike. \-It's filled.

SmoothGoing

The point is to not have the whole mil stuck in case there's an issue. Multiple exchanges and smaller chunks over time would put only the deposited amount at risk. Withdrawal limits also can vary depending on user. A new account could be pretty locked down. Exchange can lock accounts for months while they "review" or whatever. Also not every exchange has the trading volume you need at all times. That is something to look up as well. Bitfinex has a 1 BTC volume in the last hour, so you're not selling $1M worth "in seconds." Kraken volume is 9 BTC in the last hour. If nobody else was selling except you, maybe you could sell your coins over the span of an hour there. CB and Gemini had decent enough volume for such a sale.

FinancialLiberties

As a Gold and Crypto analyst, both have different use cases and value in the financial world. risk-free Gold is mostly held by Central Banks and is a Tier 1 asset under the Basel III framework, so it is risk free and created much like cash when held in allocated form with these bankers. At some point, they will re-value gold at a higher price so they can expand the CB balance sheet. Mining for gold will continue as it is a byproduct of most mining operations, like copper. Crypto mining has only been around for the last 17 years. It's a new digital currency that is getting accepted in the new Digital Finance World, and BTC seems to be the leader. But I do think other Crypto will have significant value and use cases to meet the needs of Web3 and certain vertical industries like DeFi and Fintech. As for BTC being the new money of the digital world, I doubt it, they already have the framework for StableCoins and those will be used for global payments. U.S.-issued stablecoins will be backed by US treasuries, so they will be tied to the US's economic and financial system via the Fed or the Treasury. Both have value, so both are worth speculating on. .

LMskouta

I completely understand your point. However, I would like to highlight that my experience with CB customer service was the WORST one of my life. I lost my phone, hence the MFA and could not log in. Yes, they eventually helped me after two long days but god damn it was such a terrible experience. I kid you not, I’m having a drink right now and tensed up just thinking about it. So, to the guy whom you replied to that said “a password on my phone” - if they don’t have MFA setup, that’s another massive issue right there. Long story short, $hit is complicated lol.

decadearray

The CB one card is great! I use it for everything and when I get around $500-$1k in corn, I just zip it over to my cold storage wallet. Simple. Yea, I know I got burned on blockfi too but I think CB is better.

BTC_is_waterproof

CB customer service is the worst

Ambitious_Grass_4755

All I need is a manager in order to unlock my CB account that's been locked for over a year with absolutely no hope in sight.  I should have thought of that earlier 🥲

Local-Ad-7781

Ya I have been receiving strange calls constantly! My CB Wallet has been acting strange AF as well… Idk pretty shitty situation, especially when everyone holds CB with such high regards Ya thinkN it’s time to clean out n transfer all my CB holdings . It’s not like they would GAF….. 🤷‍♂️ 👉🤯👈👃💩🤢🤮

MariachiArchery

This is old news. This happened, or was publicized, back in May. The 'hackers' (important to note, this was not a hack here) attempted to blackmail CB, which CB declined to pay them, and instead put a $20m bounty on the heads of the people responsible. And, it looks like that bounty was effective. This was not a hack. An outsourced employee simply sold sensitive information. This is a totally different type of security issue.

StaticAutomatic202

You probably bought a honeypot token. CB can't protect you from buying a scam on their DEX tbh

Backieotamy

I bought AVNT two days ago at .32 on a whim because the little resaearch I sounded cool, brand new offering on CB so why not and then it took tf off like 5 hours later and still going. Im not affiliated, I pinky swear, but worth looking at. One of those damn, wish I would've bought more but it was enough to keep me watching it every few hours.

NFTY_GIFTY

I have both, I use Gemini for Gas, Dining out and groceries (everything 2% BTC back or greater) and CoInbase for everything else to jump from the 1% I'd get with Gemini to 2% i get with Coinbase. I already pay for CB1 so no additional expense there, kind of get the best of both.

effereum

Exchanges are mostly grouped based on which cabals and vcs are involved. Each giving their own supply controlled tokens preferential treatment as a way to vamp the most liquidity from its users. All that just to say if you want the most selection at any time, migrate off exchanges and on to self custody. No exchange will really give you the all in one. You have Coinbase so maybe start with baseapp and fund a self custody wallet from your CB account. Grab a phantom wallet for SOL and then from that point there is very very little you won’t be able to buy.

Scottex99

Defo keep your larp milly on CB lol

paidzesthumor

Easier route is CB or similar licenses their infrastructure to brick and mortar banks so they can offer their customers the option to make dollar payments with blockchain rails. The UX of a bank customer feels no different except now your payment to a family member, friend, landlord, mortgage company, Kroger, Amazon, Verizon, etc is moving on blockchain behind the scene. The only thing you notice is you didn’t pay the instantaneous payment fee that someone like Venmo charges today, and if you paid a business, they’re not seeing a 3% merchant / interchange fee from a card network.

MariachiArchery

Until this shit is as easy and secure to interact with as walking into a brick and mortar bank, swiping a credit card at a terminal, or writing a check, it will never replace the legacy financial system. Either that, or we'll need the boomers, gen x, millennials, and gen z to literally die off and just hope that gen a has been learning about this shit since a young age. Crypto needs an AOL or Google moment. Put the CD in the computer, dial up, and boom, you are on the internet. Can't find what you are looking for? 'Google' it. I'm not sure what that product looks like for crypto, but CB is getting there. Honestly, if CB started opening brick and mortar locations that looked like, functioned like, and felt like an actual bank, I think that would do it. The fact of the matter is, the vast majority of people need help with crypto, lots of help. And point blank, just need someone to do it for them. Someone that is insured. Most people have no interest in re-learning how to interact with the economy. This is my hot take.

grndslm

There's several layers of security options that exist with on chain Bitcoin.  There's no "secret vault" Coinbase accounts. The idea of not putting coin on CB is because CB themselves is the one that shouldn't be trusted to hold your coin.  They can decide to not let you have your money when YOU "request" YOUR money from them.  It's not so much because they aren't going to help you during a $5 wrench attacl, but there are layers of passphrases, vaults, secret pins on HW wallets, etc. that can protect your coins much better than Coinbase can.

picklemonkey

I miss the days that the CB rewards were 4%. Back when I saw them start advertising the 2% and 1% rates I prepaid my utility bills on my CB card to lock in 4% for 2-3 months worth of future bills. It was worth it to me to give the electric, water, trash, sewer companies extra money in advance to secure that 4%. I’ve mostly stopped using the card. Unfortunately get a much better reward rate from my traditional Visa credit card.

BigTroutOnly

Coinbase has its reputation still. I use RH and CB. My hope is just simple and small transactions will keep me safer

PsychologicalBit803

Do you understand the custody for 150 countries and the US? Also are publicly traded so that requires regular SEC reporting. Could they go belly up? Yes. Is it likely? No. Sooner or later pretty much everyone here will put their holdings on an exchange if they want to sell. I cold storage also but if I’m trusting an exchange I don’t see a better option than CB.

Salty-Mud-4766

I tried Coinbase One last year for the same reason. Honestly, the $500 cap made it useless for me because I was buying larger amounts. Switched to Coinbase Advanced and started using limit orders—it took a little learning curve, but the savings added up really fast compared to paying for CB1

Keats852

How is the Robinhood card hard to get? I got it offered to me but I forgot to get it. I'm now waiting to get the Coinbase One card. I even got the paid subscription but I haven't heard anything yet. The 2 to 4% on everything is pretty sweet. As to the security of keeping a certain amount on CB... they hold a ton of BTC for large organizations, I'm sure they get audited and vetted all the time.

idigholes

I take it your holding your crypto on CB.... I truly hope you don't ever experience the limbo of an account review. If it's substantial, I'd get yourself a cold wallet.

Spaceseeds

Armstrong has done a lot to make crypto mainstream but it still seems hard to trust him. Still I prefer CB to gemini

sdpercussion

You still pay spread when you use CB1, despite no fees. If you switch to advanced, you can use limit orders, but there's fees once again. I'm not looking to trade, so idk how much I need to worry about spread. I'm just looking to not pay like 3% in transactions fees, if I can jut pay $5/mo for CB1.

Ghola_Mentat

I use Gemini. Pretty sure their fees are better than. CB Advanced Trader though that is another option.

L00PYLL0YD

Congrats on taking part in the best asset you can buy. I recommend checking out Coinbase Advanced if you haven't already, as it lowers the fees significantly to the standard version of CB. Advanced is just a toggle on the app without any need to pay more to use the feature. Also I can recommend Strike from my use of it so far. I have started an hourly DCA, and as it has gone past a week, I pay no fees, it is amazing for this. For lump buys, I am now using Kraken Pro (Like Coinbase Advanced in equivalent for cheaper fees than the regular Kraken), as it is cheaper than CB Advanced even. Good luck!