coinbase

is it safe to use coinbase? i heard it's pretty safe to use 2 cold storage wallets, and then send the funds to "other places". also do i tumble? since the markets already have their integrated mixers. any tips/tricks welcome


Comments


[8 Points] cleffyowns:

No need to tumble, I just buy from Coinbase or LibertyX (my preference), send the BTC to Electrum, then Agora.


[5 Points] None:

don't tumble waste of time/btc..


[4 Points] Flounder2:

Coinbase tracks your Bitcoin transaction through Blockchain after you sent it, and once it reaches Evolution's cold storage, they're going to suspend/ban your Coinbase wallet and it's going to be virtually impossible to get it back.


[2 Points] None:

I use Coinbase and don't tumble. Just send it straight from Coinbase to Agora/Evolution.


[2 Points] None:

Buy, bounce around a couple of wallets, send to new Address every time and you're good.


[2 Points] pinkprincess1:

(facepalm) And here we go.

OP you have the option to tumble or not to tumble. Some people say tumble, some people say don't. It's highly debated and it's your decision at the end of the day. The other option you have is BTC-LTC-BTC instead of tumbling as this takes the transaction off the blockchain altogether.

As for coinbase, do a search on this sub. Some users have recently reported having their accounts terminated for suspected illegal activity, others, as you're seeing have been using coinbase for a long time and have not had such problems. My opinion (and it's just that, my opinion) is that this is perhaps something coinbase are cracking down on with new accounts and some older accounts are avoiding scrutiny, as I only started hearing this relatively recently. Personally, I would use Localbitcoins if I was going to make a purchase.


[1 Points] TripAddict:

I buy my coins via coinbase. I make couple online wallets and 2 local wallets. I split them and send them to different addresses and mix them like that. Works 100%. I wouldn't risk not mixing little because coinbase is pretty shit at monitoring.


[1 Points] randomnumberx:

do a search of this sub for coinbase, lots of closed accts because of suspected illegal transactions. that would suck.


[1 Points] miketdvick:

I always use coinbase- instant transactions


[1 Points] dnmadvocate:

What about coins that came from DNM went to other intermediate wallets and then sold onto coinbase? Noone talks about this..


[1 Points] noonehear:

I go from Circle / Coinbase / Coin.mx to a few exchanges (btc-e, poloniex, craptsy etc) where I trade for a stagnant alt coin and back again and then to the final marketplace. I call it barrelrolling.


[0 Points] BringitBack55:

Dont send coin to coinbase from dnm, and dont buy seeds on the clearnet and you will be fine.


[-1 Points] None:

Hopefully you aren't listening to some of these people in the comments. You should at LEAST have a intermediate wallet that you can send the coins to before you just send them straight to DNMs. Coinbase>Electrum>DNM

Me personally I tumble my coins from a few different wallets, because a little extra work is worth not getting caught imo.