CB

Dmarine999

Passkey log in security on my CB account? Who knows, man. AI agents are going to start fucking up a lot of stuff.

Dmarine999

There are some inaccuracies in your post. However, an underlying issue has been uncovered. BTC, itself, is trustless, but if you use a HW wallet or exchange, you are trusting those third parties have sound security in place. I'm sure I'll get downvoted like crazy, but I moved my BTC from the wallet secured by my HW device back to CB. I'd rather roll the dice on CB that a HW wallet provider that may or may not have their sh1t together.

DiamondHandsDarrell

Gah I've been with coinbase over a decade now and sold 100 BTC on it no problems. Anyone who thinks stamping washers and thinking they did it right is not even in the same league. CB even has a vault where you move your BTC into and it's time delayed and requires additional identification to release so no one who gains access to your account can just transfer it out. Hands down it's the best I could have done. If I had a wallet on my phone I could have lost it. I'd I had a device it could have been lost or stolen. If I had washers or a paper with a seed it could have been stolen. Instead I have a vault that adds more steps and makes it secure

byteCodr

Love this tbh, I’m only stacking on CB and cashapp since those are my daily uses

Scottex99

Binance doesn’t have a MiCa licence so can’t support EU based clients yep So open an exchange elsewhere, maybe kraken, CB or Swissborg Convert all to USDC on Binance and send to the new place (probably best to do a $10 test transfer first) Then once the coins are on the new exchange, you can flip back to BTC if you want to hold for a few years Or just convert to EUR and be done with it Or if binance lets you convert to EUR and withdraw to your bank, just do it that way and skip all the above

chainer3000

Yeah I agree, anyone buying a Trezor is much more serious about crypto than your average Joe with a CB account. These are what I’d call potential high value targets

Odd_Sir_8705

Sadly i do...proud owner of almost 3/4 a coin. During covid i accumulated it when i was bored and fucking around with shit on CB. Got it off the CEX and now it is just chilling on a Nano

PoopKing5

FTX customers also got their money back. Sure, it sucks that they didn’t experience their crypto appreciation, but getting your money back is better than the zero you’d get with losing keys for cold storage. FTX folded bc of their prop trading, not because their custody platform failed. CB/Kraken doesn’t have a similar risk profile in any way as an exchange/custodian

PoopKing5

You have much more recourse holding your funds on exchange. These aren’t fringe operators, CB is a 40bln+ company, and Kraken a 20bln+. For every person that loses money on exchange, there’s an equal story of losing cold storage keys or access. I’d at least prefer some level of account recovery option than nothing. No option is zero risk, and there are ways to dramatically reduce your risk of holding on-exchange.

PoopKing5

You have much more recourse holding your funds on exchange. These aren’t fringe operators, CB is a 40bln+ company. For every person that loses money on exchange, there’s an equal story of losing cold storage keys or access. I’d at least prefer some level of account recovery option than nothing. No option is zero risk, and there are ways to dramatically reduce your risk of holding on-exchange.

Downtown-Ice7534

Also diversify! Hold two brands of cold wallets, maybe also some funds in CB or other exchanges and buy IBIT ETF

v1t0z

Today BitMart BEP20 hot wallet 0xa23EF2319bA4C933eBfDbA80c332664A6Cb13F1A was deposited: [https://bscscan.com/token/0x55d398326f99059ff775485246999027b3197955?a=0xa23ef2319ba4c933ebfdba80c332664a6cb13f1a#transactions](https://bscscan.com/token/0x55d398326f99059ff775485246999027b3197955?a=0xa23ef2319ba4c933ebfdba80c332664a6cb13f1a#transactions) And again, large amount of USDT were transferred from it to multiple intermediate wallets at once. Here are three wallets for Example: 0x4e48B40fB4B395c5005851d4FdD8476801406B27 0x071479406bb9D1b717730757B740D022e7653d9a 0x0E94B0683cfa5F1df1b12df8C2976b42177B1ed1 From these wallets the money went directly to Binance account 51: 0x8894E0a0c962CB723c1976a4421c95949bE2D4E3 So, they're withdrawing all the money to Binance, and CZ knows this for sure. They just need to stop the process. But apparently, they all benefit and everyone's in on it.

v1t0z

Today BitMart BEP20 hot wallet 0xa23EF2319bA4C933eBfDbA80c332664A6Cb13F1A was deposited: [https://bscscan.com/token/0x55d398326f99059ff775485246999027b3197955?a=0xa23ef2319ba4c933ebfdba80c332664a6cb13f1a#transactions](https://bscscan.com/token/0x55d398326f99059ff775485246999027b3197955?a=0xa23ef2319ba4c933ebfdba80c332664a6cb13f1a#transactions) And again, large amount of USDT were transferred from it to multiple intermediate wallets at once. Here are three wallets for Example: 0x4e48B40fB4B395c5005851d4FdD8476801406B27 0x071479406bb9D1b717730757B740D022e7653d9a 0x0E94B0683cfa5F1df1b12df8C2976b42177B1ed1 From these wallets the money went directly to Binance account 51: 0x8894E0a0c962CB723c1976a4421c95949bE2D4E3 So, they're withdrawing all the money to Binance, and CZ knows this for sure. They just need to stop the process. But apparently, they all benefit and everyone's in on it.

Coleyx123

Shit, they do it with USD deposits on CB, apparently. I deposited 3k the other day to pay off by CB card, but also saw the statement date was that day, so I already got hit with the interest and parked it in lending for the 7% yeild until I have to make my next payment. Now I can't transfer anything out, but of course I can still deposit and trade on CB. It is what it is. I've got other wallets and the USDC is essentially theirs anyway, I'm just making a few bucks off it since they can't decide how many days are in a month when it comes to statement dates. The annoying part is going to be opening a ticket to resolve this and having to deal them wanting wtf ever they want. I've only had a CB account for a decade or so, with the same bank account that I linked on day one. Fuck me for being a responsible adult and paying bills, I guess. Although, I've watched CB shift over the years from a place to buy coin and transfer out to trade, to its current state of being a bank, exchange, gambling site, etc., and still deal with them, so maybe a responsible adult I am not.

v1t0z

This BEP20 wallet (0xEE987007bc2400bC956C5B7ACa36865134df419f) Bitmart use to move money to Binance 51 wallet (0x8894E0a0c962CB723c1976a4421c95949bE2D4E3) [https://bscscan.com/token/0x55d398326f99059ff775485246999027b3197955?a=0xee987007bc2400bc956c5b7aca36865134df419f#transactions](https://bscscan.com/token/0x55d398326f99059ff775485246999027b3197955?a=0xee987007bc2400bc956c5b7aca36865134df419f#transactions)

v1t0z

This BEP20 wallet (0xEE987007bc2400bC956C5B7ACa36865134df419f) Bitmart use to move money to Binance 51 wallet (0x8894E0a0c962CB723c1976a4421c95949bE2D4E3) [https://bscscan.com/token/0x55d398326f99059ff775485246999027b3197955?a=0xee987007bc2400bc956c5b7aca36865134df419f#transactions](https://bscscan.com/token/0x55d398326f99059ff775485246999027b3197955?a=0xee987007bc2400bc956c5b7aca36865134df419f#transactions)

LeatherMine

> UID encodes the X and Y coordinates of wafer position of the STM32 in the 32 bits that are used by the code. This is encoded in BCD, which means only 10 out of 16 possible values of each nibble are used The reference manual was incorrect and the coordinates are in hex. The first value is probably the sign (for negative). Do a google search for "STM32F303CB Unique Device ID - false values?"

Misher7

1. Every HFT fund will buy a subscription because if they don’t they’ll get edged out. 2. Dems get power, their DoJ goes after Truth Social for insider trading. 3. This means funds that our CB asked the subscription engaged in insider trading. 4. Dems / Congress get calls from Wallstreet saying back off. 5. Nothing happens. Service is taken down. Billions extracted by the 1%. No one goes to jail. Nothing.

Dmarine999

The optics are terrible though. BTC is supposedly "trustless". But there is some inherent level of trust in the HW wallet manufacturers and exchanges. I guarantee you anyone thinking of dipping their toe into BTC will pause now. I use Ledger (sure, tell me I'm dumb) but after I heard about this exploit, I decided to stay on CB as I start to DCA again until the dust settles. Sure, CB customer service is supposedly terrible (I've not experienced any issues), but I don't think they've had a major security incident resulting in stolen coins. If they have, I'm not aware of it.

dotpill

https://youtu.be/oj_W3xOlt6U?is=YfU-6CB8AS7BLdzi

dotpill

video from 2 years ago https://youtu.be/oj_W3xOlt6U?is=YfU-6CB8AS7BLdzi

Aggravating-Station9

I’ve been in crypto for like 8 years, so I’ve seen the changes. I for whatever reason always preferred RH and CB and didn’t mess with the cold storage wallets and I’m glad I did. Just seemed like too much responsibility, and now with all of this happening, ughh

FastRelief3222

Just like coinbase, plus CB has insurance covering theft/breaches on the assets they hold for customers.

Charming_Run_9950

Buy hardware wallet, move your Bitcoin out of CB and hodl.

Scottex99

Hold it, at least until the end of the year, to see if we back into a bull market But probably get yourself a cold wallet and get it off CB

BigTroutOnly

During the pandemic, CB would fuck up shit and support staff would often directly reply in the CB sub. But ultimately, people's problems seemed to be mostly user error.

Editor-Forward

I got similar letter, but stating $600 in cash at CB. Of course CB was useless in me trying to retrieve it..... but after about six months, the cash went to the state, and I retrieved it. Interesting process, I was pretty sure it was a scam, but it was not. I havent been w CB in about six years

angelwolf71885

That the government is holding on an exchange is wild to me…but if CB ever has issues im going to laugh

DiamondHandsDarrell

Those on CB have paid for two cars so far. I can assure you, at least from personal experience, it's quite safe (for me).

GeneralUranuz

I switched from CB to kraken and never looked back. Never had any issues with them so I don't recognize your complains to be honest. Its not that i am transferring small amounts either (at least for me).

DiamondHandsDarrell

So if I want to sweep my CB wallet every month I can't do it because it should have a smaller limit? That doesn't make sense Secure your account. Use 2fa or a key.

Limp_Hospital2012

Reminds me of the time CB didn’t show the memo field for xlm usdt transfer. Was literally a nightmare making the customer service people understand the problem when the funds didnt reach the other exchange. After a month of back and forth and 70$ retrieval fee for the other exchange, was able to retrieve the amount back to CB

ConcentrateJolly5461

File a report with the fbi and then look up fair shake. FairShake is an automation platform built specifically to help everyday consumers launch legal claims and enter mandatory arbitration against giant corporations without paying expensive upfront retainer fees. I know a guy that lost $38k, followed those steps and settled with CB for an undisclosed amount. Good luck man. Sorry this happened but don’t stop fighting. If you fight hard enough, you’ll get some of it back.

ButterflySecret6780

Based in EU and I use CB to cash out of USDT will I no longer be able to cash out of USDT soon then because of this law? What’s the best way to cash out of USDT in EU? would appreciate any advice or help from anyone

Trilamb22

I’m assuming so but I have seen newer users who are also CB One members that don’t run into the issue.

Trilamb22

It’s cuz these mfrs are selling more tokens than they actually have. That being said no I’ve not personally experienced it. Probably cuz I’ve been w/ CB since 2013. **But I’m pretty sure it helps you to not be restricted if you pay for the CB One membership.**

Abc125698

Maybe it’s unbonding? After waiting 3 weeks for unbonding and making $0 I’m staying with CB. They still pay you out while undoing staking unlike Kraken

tqlla3k

Yikes. I have some xrp that I transfered to Binance when it got delisted from CB. Then US customers were getting kicked from Binance, so I transfered it to my wallet. Will I have an issue transferring back to CB?

tutoredstatue95

Well xmr cant be traced like that, but compliance engines have improved to the point where they can know if a source address has interacted with xmr before and link it to a known destination. Its likely this guy's mule wallet is flagged and if he ever did any direct deposits into his CB wallet that weren't monero, that dest address is now flagged as well. A large usdt deposit coming from a privacy token would be a huge red flag. He's gonna need to be able to explain a few things or those are super locked.

TheDizzy024

Around 5% on CB

Low_Carpet9764

I am currently doing double leverage stack on my house/then borrowing against house+BTC holdings combined w CB low LTV loan. Gonna print cash Edit: ideally initiate low LTV loan (sub 20%) around 40-50k BTC as I do not see it going much lower than that

Michichael

No. CB can and will arbitrarily switch protocols or lose your coins, and you basically have to pay thousands to even try to arbitrate. For most losses, it's not financially worth it to litigate , and it's what they count on for their business model. CB is absolutely a horrible company to do business with.

Shrappy16

I moved enough to buy a beater 72’ MGB, which I still love driving(it was cheap). In order to show my wife how fast things were, I pulled up my CB account, sold Solana, had it into my USD, and moved to my tradfi bank(yes, I paid around $100 for instant transfer) within 6 mins. I pulled the cash out the next morning, maybe sooner if it wasn’t 10pm already. Could NOT do that if I was selling equities. Long story short, it was fast, proved use case and I’m driving a beat up MGB

whatsaburneraccount

How are the funding rates on CB perps still positive?

KenBgood

Trust wallet is TRASH! Traden everything that i can to USDC to transfer back to CB. I'm out ✌️

AdNational8155

Interesting. My ID expired in January but I already went through a validation after that date so may be part of the reason. Not that CB will see fit to tell why I have been inconvenienced & invaded. Guessing customers appears to be a feature and not a bug

Grunblau

Buy XLM on RH, send to CB. This was pre cheap stablecoin options.

Grunblau

I’d like to thank my lazy ass for using XLM to transfer money to CB to avoid Plaid and never getting around to selling it.

phishow

Kraken closed my account without any explanation. Opened it in 2016. Never used it as I was mainly using Coinbase since 2013. I was only buying BTC. No trading. But then I was hearing horror stories about CB and decided to move over to Kraken. This was about a year ago. I didn’t remember my password and did a reset. Received an email back that may account had been permanently banned from them. I’d KYCd and everything in the beginning. Weird. F CEXs

MOIST_PEOPLE

Isn't this from buying something shady, or possibly shady? General practice is to send through 2 wallets before sending to vendor. I would never pay directly to any wallet directly from CB.

jawanda

That's hella frustrating bro. I've had pretty good luck with CB (knocking on all the wood) but there are plenty of horror stories like yours out there. The worst part is when thus kind of thing happens with any financial institution they literally can't and won't ever tell you the reason. Some algorithm behind the scenes deemed your behavior fishy and that's that. Sucks ass

energetic_one

Don't try to contact Coinbase! Support is all AI now and they go around in circles with people that actually have accounts that AI can verify. In your case you can't even prove that you ever had an account and there's nothing they can verify. They won't help you, but they will lock you out, label you as suspicious and as trying to break in and rob people's accounts. Find out from coinbase users if there is any way to search for old existing accounts if you create a new account. But don't start with CB support you will regret it forever.

ThatGuyFromWhere

Right, so that point really is not what people think. That clause just states Coinbase et al can’t pay you for merely having stables in your portfolio - which CB et al would likely stake on your behalf without you knowing and KEEP the yield eventually once their marketing promos expire

MinimalGravitas

> Examples directly from the list: JPM Coin (runs on JPM’s private Quorum fork), Here is the address on the Ethereum L2 Base: https://basescan.org/token/0x7e0aedc93d9f898be835a44bfca3842e52416b82 > Mastercard’s tokenization pilots (private networks), > SoFiUSD (SoFi’s own infra). SoFiUSD is built in partnership with Mastercard. Here is the address on Ethereum L1: https://etherscan.io/token/0x0CB6d03B0aC88A463F67B7Ad99f9f3ec4678092E > BNP Paribas’ MMF (permissioned ledger), You are somewhat correct with this one, they have only piloted it on Ethereum... which is why it is marked on the site as 'In Development'. https://www.assetservicingtimes.com/assetservicesnews/digitalassetsarticle.php?article_id=17704 > Sony Bank’s stablecoin (Sony’s internal chain), Here is the address on Sony's Ethereum L2: https://web3.okx.com/explorer/soneium/token/0x3f99231dd03a9f0e7e3421c92b7b90fbe012985a > Kyrgyzstan’s USDKG (government chain), Here is the address on Ethereum L1: https://etherscan.io/token/0xE820C06321E60d36257C666643Fa5436643445E3 Want to concede that you were wrong and re-evaluate your opinion, there's nothing wrong with being wrong if you then learn something...

50sat

These days, I'm not even clicking on a link like that. I just convert to USDC on chain and Coinbase out. * Gas to send to CB. * No fee I think to convert USDC to USD at CB. * No fee to ACH. I've done so for a long time. My bank usually credits me same or next day. To be fair, I've used Coinbase since it was literally an offramp where the only 'exchange' was BTC to fiat. It has not been a flawless experience, and I lost my authenticator once. It was excruciating but they worked through it. At the end of the day it's a long term relationship partly based in trust and partly based in regulation. **They make literally nothing** when I pass through them as an offramp and still have zero incentive to scam me.

Logical_Lemming

It was, by far, my craziest and worst day in crypto. I didn't have any LUNA exposure either, all UST. The problem was my UST wasn't just in Anchor, it was in Aperture, which at the time was running a delta-neutral strategy using both Anchor and Mirror. The problem was, Mirror protocol was actually broken for a long time and nobody knew until the crash, when there suddenly wasn't enough money in there for everyone to withdraw. So I literally couldn't withdraw my UST until the value was significantly down. I spent that whole night shuttling UST and LUNA back and forth from Terra Station to Kraken, selling LUNA for UST on Kraken and then burning it for more LUNA to sell for more UST. I made all my money back that way. I did end up bridging a bunch of LUNA to Ethereum to send to Coinbase (because they only accepted WLUNA because CB was absolute ass back then at supporting networks other than Ethereum). But that bridge was completely clogged. That LUNA didn't come through until the next day, BUT THEN WLUNA SKYROCKETED ON COINBASE!!! I sold that shit instantly and REALLY made my money back. If I held longer I think I could have made about $60k on LUNC that I spent like $1400 on. I still honestly believe that so much crime happened on that day. But not necessarily crime perpetrated by Do Kwon. I think the LUNA validators (especially Binance and Jump) should be legally liable for cutting UST loose and rebooting the network to let LUNC pump. Even though the precedent that would set would probably kill crypto forever.

MariachiArchery

About a month before this crash, I was researching savings products to park some money. I needed to either get the money in the market, or put it in a savings product. I was earning interest on CB via USDC deposits, but was wondering if I could be earning more with another crypto product. This brought me to the Anchor Protocol. A savings product. That is how this was sold to 'investors' as a savings product. Now, a savings product should be zero risk, or close to it. Like a HYSA, a CD, or T bonds. Zero risk, low yield. But, Anchor was different. It advertised zero risk on 20% yield. This interest rate on zero risk is impossible. It literally doesn't exist. So, I asked myself, what is the catch here? Where is the risk? 20% yield with no risk isn't real. So, I wondered into the Anchor subreddit and asked around. "Hey boys, what is the catch? Where is the risk? This can't be real, there is no such thing as a savings product that earns 20%." When I posted this in the sub, I was inundated with comments insisting it was actually zero risk. No risk. It's a savings product. I had guys telling me to park my life's savings, that I would be stupid not to... on and on. I tried to insist this can't be real. That this isn't a savings product, there must be a catch. I also watched that stupid video that put out that explained the peg and the how the yield was earned, which made no fucking sense, and asked the sub to explain it, like I'm five, and no could. No one even tried to understand it. They just blinded trusted that Anchor was a zero risk 20% interest savings product. Failing to understand the product in any way, I warned the group. "Boys, this is too good to be true". Then, I got flamed, so I checked out. This isn't for me. About two weeks later, LUNA minted 6 trillion tokens, and it all collapsed. Watched it happen in real time, in that Anchor sub, as people desperately tried to exit, but couldn't. I watched those dudes loose everything. Moral of the story? If it's too good to be true, it's not true.

thesilvaserger

I think your best bet might be Aleo and their Shield wallet. I've tried it and they have compliant, fully private stablecoins and their network token is listed on CB so didn't have any issues when I bought on CB and sent to my wallet.

idk_wtf_im_hodling

MBA + AI slop macro business strategy. This can only work if the comp is very high at CB vs. a comparative role at another company. No one is going to want to be a part of this long term plan.

choicehunter

You didn't take the credit card Bitcoin rewards into account. It pays for itself then your DCA (up to a limited monthly amount) is free. Just use CB DCA for the included amount plus credit card rewards, then use strike for any DCA above the free monthly limit. Then xfer strike DCA to self custody for free (but keep Coinbase DCA on there to maximize credit card rewards). Or do whatever you want. 🤷‍♂️

NoJob1123

CB9dDufT3ZuQXqqSfa1c5kY935TEreyBw9XJXxHKpump $USDUC - unstable coin is what you see

HSuke

It's a tiered rewards rate. You don't get 4% unless you have $200K held in Coinbase while also having a CB One account. Lowest tier starts at 2% CB.

TheGDC33

one aspect that your review missed is that the CB card offers greater than a 1-2% Cashback in BTC, BUT it depends on how much you hold in your CB account. The max is a 4% return which if you have the capital and keep it on CB in USDC to make that passive income it could be great compared to other card offers

SoftJeff

My buddy got hacked and Coinbase account drained. CB said “not our problem, see you in court”. Homie never got a dime back. 6 figgies gone in the wind

Abc125698

Why is there a 1-2% higher APY on Kraken (5.96%) vs Coinbase (4.14% with CB One) for SOL?

filenotfounderror

You shouldn't click it, but if you didn't its -probably- fine. If the site looked like CB, the vector of attack is MTM, so you would need to input your credentials to be at risk

bananabastard

I've been talking to Satoshi Nakamoto on my CB radio. He is a person, alive and well.

Paninche

This is very educational, thoughts? [CBDC](https://youtu.be/GBb8wysp3HA?si=CB-z8VQBwVjbanXg)

sadiq_238

!register 0xBa8d21E4436CB843E355C56525467D894396F75c

la-bella-confusione

What are you talking about? I transfer funds from BoA to Coinbase all the time, then buy crypto on CB and transfer it to cold storage. Never had a problem. CB does place limits on weekly/monthly transfers, mainly to guard against money laundering, but I doubt you'll exceed those. But you must be leaving some details out. You can always open an account with Charles Schwab now, as they're allowing direct crypto purchases.

slimdizzy

Coinbase. 10 years usage. Never an issue. Those stories are usually people who didn't update KYC docs when requested and time expired. Or because they have shady sources of tokens, like from mixers or something and CB AML bot kicked in.

Supaflyray

I get ads all the time about borrowing against my crypto. This would be your best solution. Get what you need and still have your crypto. I don’t see you having a problem ( coinbase offers me to borrow against my crypto for example) not trying to shill CB , it’s just what I use. Good luck and feel free to reply here if you have any more questions.

carbondrewtonium

I have had a few Bitcoins for years and I randomly check in on how it's doing. Today is one of those days. I have had them in Coinbase for years. I am unfamiliar with a cold wallet and why I would want to use one. What's the purpose of moving them from CB?

Jpotter145

No, they are holding it up for a chance at equal footing to the banks. No proper yields on stables means it becomes a hassle as you need to move your money into and out of crypto during downturns. Given I can get 4% on a TradFi HYSE and not on CB if this passes means instead of keeping funds in one place I'll have to move from CB to tradfi and all the headaches along with that. (KYC, proving fund sources, added risk from transfers, just a plain old unecessary hassle). I'll stick to traditional investments and yields if I have to convert to USD and remove funds to just earn a yield during bear market. I don't want to have to move money "in" and "out" of crypto and all the tax reporting documentation to take advantage of something only offered by a bank because banks are protecting their interests.

s4yum1

Good for CB stock?

Successful_Big_3423

Bitcoin\_Metronome\_v16.03.26.26.16 SPECTRUM SHA256: 350343B6CB8F3CE8F48BE1BAA9499619998B99C70A08E6887A45A7D8F7F45F89 \->>>> updated 03.26.2026 23:22 EST

Successful_Big_3423

Bitcoin\_Metronome\_v16.03.26.26.16 SPECTRUM SHA256: 350343B6CB8F3CE8F48BE1BAA9499619998B99C70A08E6887A45A7D8F7F45F89 \->>>> updated 03.26.2026 23:22 EST

ouchifell

Isn’t the implication that the Senator(s) to whose campaign that CB has contributed to won’t vote for passage?

Blooberino

Not the one you're replying to, but I use the CB debit card for spending in places I don't trust (bars/clubs, food trucks, farmer markets, shady stores) because you can turn off functionality in between uses.

AncientMoth11

Yup. They escheated it if following proper regs or ate it up as “fees.” Researching relevant state unclaimed property website is good step. They should have sent it to ops state since have his address If it’s not there then they may do the state where incorporated. At same time I wouldn’t be surprised if CB said fuck you pay me and took excessive fees

AutoModerator

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Swimming-Night9476

Wallet is completely disconnected from CB. I don't know how or why they'd be drawing money in and out of an unassociated wallet at prices I didn't purchase at.

Separate-Spot-8910

But if you moved anything to a wallet then back to coinbase, coinbase will report that as a gain. I have 4 years of buys that went to a wallet then finally moved it back to CB and they're calling the whole amount a huge gain for me when in fact it's a loss. Now I have to sift through the transactions for cost basis. 

__Ken_Adams__

If CB made a mistake & sent btc to OP's non-Coinbase wallet they'd have no way of knowing who owns that address and therefore no way of contacting OP to ask for it back.

Swimming-Night9476

I'm not sure that I want to share that info on Reddit. I do have a CB account, but only buy or trade through CB Adv. I have no records of any BTC purchases on that date, and this transaction is connected to a 9M buy from some whale account on CB.

Goodness_Beast

Even better, Gemini Advanced Trader mode has even lower fee than CB

explosiveplacard

I did the same thing. I tested this out with a small amount through Coinbase and I also tested it directly with Morpho (which is who CB uses behind the scenes). I have since done some pretty big loans and here's what I learned: * If you are a maxi, and you don't want to have to use a wallet like metamask and jump through all the hoops to wrap your own bitcoin, use Coinbase. The process can't be more simple. * Coinbase charges a 1% origination fee which you don't have to pay if you go direct to morpho * If you originate your loan with Coinbase, you can only service it through coinbase - going direct to morpho is not an option - if coinbase goes down or disappears, you are sol. * Coinbase's alerts and dashboard make it easy to always know where you LTV is One thing that is worth noting: After taking out my larger loan at 50% LTV, I decided I wanted to lower the LTV. You have two options. Add more collateral or pay down the loan with fiat. I decided to pay it down with fiat so I sent money from my bank via ACH. Because of the amount, Coinbase put a hold on the transfer for 5 full days! Had my LTV been in a bad spot, I may have gotten liquidated while waiting. The faster way to do this is to send a bank wire - the funds would have been available instantly.

CryptigoVespucci

I haven’t see any indication that CBDC’s are going anywhere (outside of maybe the digital Reminbi) Don’t think CB’s are built to issue their own. Think gov’s will regulate stablecoins from private issuers instead. Agree banks will get involved on that front

matthegc

Depends on your risk profile and how much you plan to stack. I’ve had my CB account hacked and that was terrible….so to avoid that again, I use cold air gapped storage. I buy on exchange and move the amount when it gets too big for me to be comfortable.

Emergency_Egg1281

if your wallet has a media section like CB wallet I watch the new coins that are 30 min to an hour old and jump in like 5 with 10 bucks each till one starts pumping then all in and watch it go. made 150 yesterday.

riscten

I wouldn't leave 1% of my net worth on CB (or any centralized exchange) lol. More like 0.01%.

Toshi_Monster

Where did you get the Coinbase App from? If they sent you a link, it might be a spoof CB app.

Life-Republic2311

IMO they’re a bit scammy.. If you’re newer to crypto, I’d give CB a try, real easy to use, and their wallet isn’t bad either

Bitter_Tea442

>>"Names? Don't dodge." >Warren is the most vocal one. You do realize they only need 7 democratic votes, by the way. Right? Kind of indicates how divided support is between democrats and republicans. Warren is not on the record threatening a veto. I'd suggest this means you lied earlier out of political expedience. >>"So literally everyone? The majority party who writes the bill is the only group you don't consider the 'main' issue? Again, I wonder why you keep insisting on this point when the facts don't support it." >My point from the beginning was that no one is completely happy with the bill. I mean, if you had to rank each party in terms of support, how would you do it? We agree that Brian Armstrong has been the biggest critic and barrier. I think banks are next in line, followed by democrats, followed by republicans. I've been consistently saying from the beginning Republicans are the biggest impediment to the bill in the state CB is demanding because it hurts their rural states and districts the most. >I think you're being an ass here, honestly. I know, when you are a jerk playing politics (and going so far as to be caught lies of convenience) its ok, but when someone firmly states you are wrong with evidence it is far worse. >The fact is that republicans want the Clarity Act passed, and so does Coinbase. The problem right away is that republicans don't really care about the yield issue, and Coinbase does. Then someone isn't telling the truth. >On the other side of the coin you have banks and democrats who are generally not supportive of the bill, and absolutely against yields They aren't through. They are against Coinbase have a regulatory carve out. If CB became a bank or compromised in a way that yield paying reserves are treated the same as money markets regulatorily, they could pay yields and there would be virtually no objection even from Warren I would bet. >there aren't too many avenues to make everyone happy here. There are but CB paid $500m to Republicans and wants its carve out.

omg_its_dan

The first page of my 1099-DA from CB says that only the gross proceeds are reported and the cost basis is not. As long as you reported the sales you should be fine even if the cost basis on the form doesn’t match.

HSuke

Yeah, you spend 10x more than me on your credit card. I spend a lot on Amazon, but that has its 5% card. * $1000 on RH Gold = $30 CB * $1000 on 2% CB = $20 CB * $5 fee $30 - $20 - $5 = $5 Card is worth $5/mo for me

para1131_F33L

Moonshots: $DOVU, $Hsuite, $Sauce. Create a Hashpack, buy on Hbar on CB send over, associate above tokens with wallet, swap for tokens and forget about it. That's my current strategy!

matthegc

CB one is good….you pay the monthly and they pay back all the fees….you also get 4% on USDC held there.

C4tM4N-

You should’ve followed CB’s earnings report not btc. They even drop their earnings report as an nft in your base wallet, if you have one

courtesy_patroll

Yea I guess the question is do they make an offering via Base for 6 figure traders, and is the value of their retail traders worth as much/more. I kinda think so. It’ll Be interesting to see how older institutions handle this. I think Hood and CB eat their lunch. No young adult is opening a Vanguard account to buy stocks. I have one because of my employer a few decades ago and it is horrible.