Bitcoin wallet Coinbase: reviews, how to withdraw money

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2018-03-21 18:28:19

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Wallet-bitcoin Coinbase cryptocurrency is. Every month he is gaining popularity in the world. In this article, learn more about the Coinbase wallet, find out how to use it to withdraw money. Get acquainted with the user feedback system.coinbase reviews

Wallet Coinbase

It was opened relatively recently-in 2012. Today Coinbase is one of the main competitors of another famous purse. It's called the Blockchain. Head office Coinbase is located in San Francisco (CA, USA). To date, both of these wallet can boast roughly the same number of users.

The Official website Coinbase has a domain name, and in addition, multiple language interfaces. But, unfortunately, Russian is not among them. This fact immediately catches the eyes of the countrymen. Many conclude that Coinbase does not work in Russia. It is not so. Take the advantage of the purse through intermediaries is quite real. Therefore, the Russians are actively registering on the website, and as the main choose the most easy to understand language – English.

At the moment, the bitcoin exchange Coinbase is very convenient. But, according to most users, is not perfect. First of all, because it sorely lacks variety of cryptocurrency.

In the early autumn of this year the total number of users of Coinbase exchange has achieved its record level and exceeded ten million people. In recent times the customer base of the purse began to significantly increase. On average, it grows by one million users every month. And this, according to experts, is not the limit. Cryptocurrency wallets are registered on this platform over thirty million.

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More recently, Coinbase introduced a new service for users, in which the customer support has been carried out over the phone. Thanks to her, through your employees help the users in matters of verification, blocking access to personal accounts in the event that if there are allegations that they hacked, and also provides advice on limit increases. For the remaining tasks there ticket system.coinbase wallet

The Large interest and popularity of the service is confirmed by the attention of cyber criminals that regularly make attacks on Coinbase, stealing the funds of its clients by means of Trojans.

Sign up at Coinbase

To become part of the system that you want to go to the official website of the American company. On the first page of the portal you should find the Sign UP button, which is located in the upper right corner. After clicking it, it automatically redirects to the page to enter data. In the window that appears you want to write your name and surname. Also specify the email address to enter the password coined. Next I agree you should put a check mark and then press the big blue button called Create Account.

Immediately after this procedure, the new user is sent an e-mail message that contains the link. It need to go to complete the registration wallet Coinbase. This letter verifies the email address. It should be noted that the message should look not only in the folder "Inbox”, but in the tab “Spam”, as the system may treat emails from the company as hype.

Personal account in Coinbase: your own area

Registration completed. Then what? The client gets to your account wallet Coinbase. It should be noted that the resource defines the location of the person. The home page provides a report on the prices and changes in the rate of the main cryptocurrency Coinbase-bitcoin. There you can see information about their national monetary unit. If desired, it is possible to study the change of the exchange rate and other currencies supported by the purse of this system.

How to use Coinbase? In Settings you can configure, to modify, add or make any necessary adjustments. There is also the option to put the avatar directly to your account, and in addition, to enable two-step verification.coinbase does not work in Russia

In the Accounts tab, the user may see the balance of their accounts. Inside the purse each registered person is stored three kinds of cryptocurrencies: BTC, LTC and ETH. To see your address, you must click on the Receive tab.

Affiliate program

Functional set of cryptocurrency wallets are essentially the same and does not have any differences. But the one that Coinbase offers, has its distinctive feature. It lies in the fact that this system has an affiliate program. Access it can get, if you pass in the following path in the top right corner click on your name, then a menu will appear where you will need to click on the green button that says Get $10. Then, we only go to the page where will be posted the referral link. In that case, if the user will share it on their social media pages or any other sites, he will be able to get ten dollars.

Coinbase: how to withdraw money?

The Wallet of this system provides its users with the ability to carry out operations exclusively in bitcoin. Any otherways of working with them is not provided. So in that case, if one wants to fill up with bitcoin wallet Coinbase's card, he will have to use exchanger. The best of its kind to date, is considered to be the Bestchange. To withdraw funds from the wallets Coinbase, in that case you need to transfer money to the card, it is also possible only through exchange offices.coinbase how to use

Conclusion bitcoins

So, you have accumulated a certain amount. How to withdraw bitcoins to your Bank card? This is not so difficult as it seems. Select the method of withdrawal or conversion largely depends on the goals of a person. If we are talking about online stores or a service, offering goods and services, accepting payment by bitcoins, the wallet Coinbase is the best option. In addition, it is important to take the option of withdrawal, which allows you to exchange bitcoins immediately into rubles, and will also give the opportunity to carry out the operation at the best exchange rate Coinbase. The rate of procedure-less important factor compared to the financial advantages.

In this situation, the best option is to implement through a special bitcoin exchange, where buy and sell them for rubles. The sequence of actions is as follows:

  • The owner of the wallet performs translation of a certain number of bitcoins to his account, which was opened in the framework of the exchange.
  • He sells the bitcoin for rubles. In this procedure, funds will be credited to the respective account of the client on the exchange.
  • A Client makes a withdrawal of rubles to your card.

The Procedure completed! It is noteworthy that the process of withdrawal through the exchange lets you sell bitcoins at the best rate. The Commission Coinbase will be minimal, however, the exchange operation will take some time.

In that case, if you want to list on the map, relatively few of cryptocurrency in a short time, for example to perform urgent calculations, bitcoin withdrawals can be made through the exchange service. This procedure takes very little time. The waiting period will depend on how quickly the merchant card banking institution will credit the money. The operation is automatic. As a rule, the procedure is the following:

  • The Owner of bitcoins makes their translation into a purse, which is listed on the resource exchange.
  • Maintenance service rubles transferred from the card account to plastic counterparty to specify in the application for exchange.

Usually the exchangers have accounts in different banks through this money transfer usually takes a lot of time. Application for withdrawal of the exchange services requires payment of a fee. But we can say that it is completely kompensiruet at the expense of speed and convenience.coinbase exchange cryptocurrency

Conclusion bitcoin and electronic payment systems

In that case, if the Internet user through their project earned some bitcoins, but it does not need cash, he can perform them exchange for currency units of payment systems. So, how to withdraw bitcoins from wallet to e-bills?

Judging by the reviews on Coinbase, the answer to this question is quite simple. Bitcoin withdrawals can be made through the exchange service. This procedure was described above. In addition, bitcoins can be directly transferred into the electronic system – under the condition that she supports them. For example, the aide is well-known purse WebMoney. In addition, for example, and the direct exchange, which eliminates mediation services. For these purposes, the owner of bitcoins can sell them to absolutely anyone who offers to pay a particular currency or units. However, it should be noted that this method is quite risky as a reverse payment, the seller can simply not wait.

So, summarizing the advantages and disadvantages of these methods of withdrawal bitcoin, we can conclude the following:

  • The Exchange offers the best exchange rate. But in this case it should be borne in mind that this process may take a long time.
  • Exchangers pretty quickly coinbase Bitcoin convert into rubles and translate them on the map, but the course is less profitable and attractive.
  • Direct exchange gives you the opportunity to avoid payment of the Commission to determine the correlation of the currencies, however, fraught with risks.

What is provided?

The National currency earlier it was possible to provide silver or gold, now — of GDP. Theoretically you could go into any Bank and exchange your paper money for its equivalent in gold and Vice versa. Bitcoin does not provide - it is pure math.

Any person anywhere in the world may be running a script for mining bitcoins on your computer, and it can feel like a Central Bank in miniature. The script's source code is published openly, everyone will see how it works.coinbase cryptocurrency

Conclusion bitcoin: security measures

Handling e-money requires a certain caution. As with the withdrawal of bitcoins from your wallet in order then convert them into money or the titular characters, and when buying crypto-currencies need to comply with security measures. Beforefor the first time to use the services of the exchange services or exchange, are encouraged to inquire and verify that the service actually carries out the exchange operation, and not designed solely for the purpose of fraud. A final decision may help study the reviews on these resources. In the case that the vast majority of comments are negative, it can be regarded as a sufficient reason to not to withdraw bitcoins through this service.

Now we learn that tell about the work of Coinbase people that use it.

Reviews: a negative experience

It is worth noting that a single point of view about it. The opinions in the reviews about Coinbase are quite contradictory, and dissatisfaction with this purse on the Internet a lot. People say that the company stores personal keys from the wallets of users on their unsecured servers. So customers believe that it is in principle no different from the standard banks. Among the most common criticisms noted the following:

  • Coinbase conducts surveillance of how people spend purchased through its official website bitcoins.
  • The system freezes quite often payments.
  • Often blocks Coinbase user accounts.
  • The System is stealing money from the accounts of their customers, realizing a return after an indefinite period.
  • Coinbase can months to ignore the complaints of customers support service.
  • The System provides personal data and transactions to foreign authorities, acting in particular on behalf of the FBI.

Users in particular, say that they support Coinbase for a long time is not responding, so many videos in such cases they ignore requests to put the problem in the social website Reddit, where they at least notice and help to solve any issue associated with the wallet.

In addition, judging by some of the reviews about Coinbase, the company reserves the right to confiscate the user the amount of several thousand dollars and close the account due to the fact that people came into this service with your IP address. But perhaps the most important drawback of people think the lack of anonymity in the use of this system. For this reason, users write that simply don't trust Coinbase wallet.

In addition, it often happens that this system reduces people limits on certain purchases. There are also complaints that the sale of bitcoins for a certain amount of 50 percent of the profits can not send. In such situations, one can only write in support. Some also talk about receiving threats from Coinbase to freeze account due to sending the cryptocurrency on the site.

Among other things, users complain that the function of purchasing, as well as the withdrawal currency is impossible in the territory of the CIS countries. Indeed, Coinbase is not working directly in Russia. There is also dissatisfaction with the high Commission.coinbase course

Feedback: positive experience

On the positive side of this system, people report that they like the mobile app to monitor their accounts. Another advantage is called the free transfer of funds from one account to another directly inside of the profile.

Positive reviews about Coinbase also causes low Commission for outgoing transactions, along with the responsiveness and accessibility. Despite the dissatisfaction, the purse of this system today is very popular as it interacts with many payment structures that work with mobile phones.

The Positive aspects are many. However, in General, people are outraged that Coinbase may delay payments for a period of four to ten days to freeze the accounts of the users and to prolong the response time of support, watching the behavior of their clients on the network.


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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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