Shady Coinbase Practices: Changing wallet address - going offline during bitcoin price collapses

Discussion in 'Market Discussion' started by LooneyToon, Jan 5, 2017.

Shady Coinbase Practices: Changing wallet address - going offline during bitcoin price collapses
  1. Unread #1 - Jan 5, 2017 at 5:06 PM
  2. LooneyToon
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    Shady Coinbase Practices: Changing wallet address - going offline during bitcoin price collapses

    If you use Coinbase, have you noticed your wallet address constantly changing? I think its super shady for coinbase to keep changing your wallets address.

    Coinbase has some very shady practices, I'd be careful about storing large amounts of Bitcoin with them (or any exchange for that matter)


    Also, look at this shady shit, someone just sent me bitcoin but coinbase wont show me where they sent it from, it just says "Bitcoin address" I swear I hate coinbase

    [​IMG]
     
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    Last edited: Jan 5, 2017
  3. Unread #2 - Jan 6, 2017 at 7:58 PM
  4. LooneyToon
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    Shady Coinbase Practices: Changing wallet address - going offline during bitcoin price collapses

    Yesterday, the price of bitcoin dropped $200/bitcoin from about $1100 to $900 within 1 hour. Conveniently, Coinbase experienced server issues and many people were unable to sell their coins until the price settled at $900.

    Be careful with this exchange folks.
     
  5. Unread #3 - Jan 6, 2017 at 9:50 PM
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    Shady Coinbase Practices: Changing wallet address - going offline during bitcoin price collapses

    Dude... u realize they change the address but if u send it to the one before it will still go to your wallet right? its not like they would get the transaction. its just for your own safety lmao. Coinbase is worth millions upon millions of dollars they could care less about you $300 LOL
     
  7. Unread #4 - Jan 6, 2017 at 10:58 PM
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    Shady Coinbase Practices: Changing wallet address - going offline during bitcoin price collapses

    Whether you are sending $300 or $3,000,000, its the same vague confusing interface. If you had an issue with a $300 or $3M transaction, you still wouldn't be able to speak to a human over the phone. That'y my concern.

    I was not aware that my old addresses still belong to me though, thats reassuring.
     
  9. Unread #5 - Jan 10, 2017 at 1:56 PM
  10. OrangeCounty
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    Shady Coinbase Practices: Changing wallet address - going offline during bitcoin price collapses

    I've been using them for a little bit and I have to admit they've been pretty sketchy in the past. They took 2 weeks to verify my checking account
     
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