Is coinbase insolvent? Certainly explains the delays.
They let you instantly buy, but are probably selling coins they don't have yet. The backlog is likely them waiting to have the coins to transfer.
It started like this at mt.gox
Is coinbase insolvent? Certainly explains the delays
Sebastian Rodriguez
Ayden Watson
Its the high traffic ..
anyway i have no stakes there :)
Asher Perry
...
Luis Jenkins
do you all keep your cryptos on coinbase or do you send them to your own wallet ?
Ian Gutierrez
>not forwarding them to exchanges
Your money should be making you more money user. You don't just HODL BTC like someone's grandparent.
Jose Jenkins
yes but you can also lose money and i don't want to risk that i'm already really liking my gains so far
Luke Turner
Any amount you would cry over goes to offline wallet. I got mt.goxed, never again. My shit is on a usb in my fireproof gun safe.
Xavier Morris
(Assuming youre hodling. If you trade regularly, still keep SOME in an offline wallet in case, but you're probably fine on exchange as ling as you move your shit at the very first sign of trouble. I'm jumpy after gox, i moved some coins offsite while binance was upgrading the other night)
Nathaniel Sullivan
Coinbase is insured, provided they’ve been paying their insurance policy. So if your shit disappears, the insurance policy will have to pay out to make their customers whole.
Sebastian Mitchell
Isn't it just more safe to keep it on Coinbase? Something could always happen to your USB. Coinbase is insured, right?
Bentley Stewart
Only the USD Wallet on Coinbase is FDIC Insured, like how banks Insure your bank accounts. Your Cryptocurrency Wallets are NOT insured, so if anything happens to your cryptocurrencies, you won't see them ever again. But if your USD wallet gets fucked you'll get most if not all of your money back. I just learned though that they only keep 2% of users funds online and the rest offline which is interesting
support.coinbase.com
Grayson Lopez
I gave up on cuck base a long time ago.
absolute shit company
Colton Bennett
No the shitchains are all clogged up with pajeets, chinks, and Stacies buying $50worth of TRON and thinking they are the wolf of wall street
Isaiah Murphy
Thank you user
Nolan Anderson
Because of their insurance they only have 2% of all funds in active wallets and the rest in cold storage. See link above.
Jeremiah Gray
>Is coinbase insolvent? Certainly explains the delays.
I was thinking the exact same thing actually
Eli Wright
>Trying to blame the blockchain
Shapeshifted some coin from eth in a matter of minutes
Try again shlomo
Hudson Kelly
This maybe makes sense for ETH but LTC is affected as well. It's not an ERC20 coin. Totally different chain. This should all but confirm a problem.
Austin Butler
So here's what happened when gox collapsed from being insolvent.
First all withdraws were frozen. People warned, but few listened because they were the biggest. They were coinbase big and back when there was almost no competition.
Then the site closed down and declared bankruptsy. But we'll still get our money, right? Just wait...
So into the class action we went. Me and everyone else went through the motions of providing our gox balances, needing to pay attention and opting into next phases of the suit, etc.
In the end, they engineered it in a way that the lawyers sucked up every remaining asset, nobody got a payout, and nobody went to jail.
So no, your money is not safe in the biggest exchange. The USD wallet might be but none of your coins. You will get blacked
Brayden James
Where the fuck is the free market. We should have 20 CB's to buy from.
Josiah Lopez
There's kraken but their site is down every 10 minutes and thats even more sketchy.
Local bitcoins is probably best option
Landon Butler
Luke Torres
Huh, didnt know it was still going.
My claim was denied in the day.
Isaiah Carter
>Is coinbase insolvent? Certainly explains the delays.
No idiot. It isn't insolvent and it doesn't explain the delays.
Aiden Robinson
Fucking kek
Juan Fisher
>Is coinbase insolvent
Yes
t.employee
Cooper Lewis
Explain your reasoning, or shill
Thomas Hernandez
Keep in mind coinbase is a US based company and mtgox was not (Japan).
Considering how big coinbase is, I have the feeling they would not be able to get away with stealing money and running away, especially considering they seem to work closely with the IRS and possibly other govt entities. I trust them enough to keep my investments there
That being said, it's not outside the realm of possibility. Bernie Madoff got away with stealing billions from Americans, and an incompetent/corrupt SEC helped him get away with it. Always be cautious with your money
Isaiah Sanders
I wouldn't trust the US companies anymore than Japan. It would need to be based out of a smaller country like Switzerland or Hong Kong that ARE FITTE FORCED to protect investors because that's what keeps their economies so comfy.
Kevin Gutierrez
He didn't exactly get away with it. He's serving a life sentence.
Chase Miller
Got away in the sense that most of Madoff's victims never got reimbursed. Hell, even the lawyer who managed the assets in that case got something like a billion dollars (yes, that much) for that work.
My point is that any of us could be screwed when we least expect it, and lose it all. If someone is really concerned about security they should just buy bonds or something.
Matthew Brooks
>Explain your reasoning, or shill
How about this 2016 video?
youtube.com