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 1023

Should I use Coinbase? What are do's & dont's with Coinbase?

by Virus - 31 January, 2023 - 05:47 PM
This post is by a banned member (Virus) - Unhide
Virus  
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#1
Hey I plan on using Coinbase to accept payments for my account shop, etc.

But I am unsure what my luck would be with Coinbase, I have never used them.

Will I be ok if I logon with VPN?
Will I be ok if I receive payments & also send out payments?
Is it common for them to lock/freeze the account?
etc
etc

Please and thank you PepeGlad Mesvak


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This post is by a banned member (Dey) - Unhide
Dey  
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#3
just use exodus till u have 2k
once you have around 2k buy ledger

coinbase is kinda gay , you have fees when sending anything to anyone or buying crypto with anything
if it is just for your shop use exodus as wallet
if you want to exchange crypto to crypto use fixedfloat , 0.5% fee
if u want to withdraw use exchangers
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This post is by a banned member (22z) - Unhide
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#4
use wallets such as exodus if you dont wana take the risks
This post is by a banned member (WorldWarrior) - Unhide
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#5
If it's for ur shop ig it should be coinbase commerce and so far I'm using it too and s ems like no problem but make sure to save the seed phrases u get when u create ur acc as that is needed to withdraw ur money from the account

This all applies if it's coinbase Commerce and not normal coinbase app
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This post is by a banned member (Virus) - Unhide
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#6
Forgot to add, I need to use Coinbase because it is the only Payment Gateway. I will not be using Coinbase to store all of my funds.
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This post is by a banned member (S4L) - Unhide
S4L  
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#7
i transfered a lot of cryptos to my coinbase to convert them and send them back to buy a big product
after i've send all my cryptos there, they restricted my account....
Sooo... If you plan on sending crypto to your own coinbase account, keep in mind that they will restrict it very easily, with no way to appeal

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