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LEGIT Coinbase.com Reviews: SCAM or LEGIT?

Discussion in 'Crypto Currencies' started by Mr. B, Jun 18, 2017.

  1. Mr. B

    Mr. B Administrator Staff Member Hired Team

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    BUY AND SELL DIGITAL CURRENCY

    Coinbase helps you to buy and sell bitcoin, ethereum and litecoin.


    Do you have an account here? What's your experience?
     
  2. kaka135

    kaka135 Well-Known Member Hired Team

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    I have heard a lot about coinbase, mostly are good comments about it. I have not start to buy or earn bitcoins yet, but thought of starting it lately. Perhaps I will open a coinbase account, since it seems to be quite recommended.

    I would also like to know what others think about this site. I will share my experience in future, if I have any.
     
  3. Crystal

    Crystal Well-Known Member

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    buy and sell is not available for some countries and coinbase could be used only as a normal wallet.
    Some countries including Romania are not supported for this feature to buy and sell so check your country here https://www.coinbase.com/global?locale=en
     
  4. Mr. B

    Mr. B Administrator Staff Member Hired Team

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    I've seen that too, why not accepting all countries? As far as I know there aren't any laws regarding bitcoin in Romania.
     
  5. Crystal

    Crystal Well-Known Member

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    there are not specific laws, but central banks from some countries (including Romania) are more careful and launches negative announcements about cryptocurrencies.
    Romania
    https://www.cryptocoinsnews.com/bitcoin-soars-romanias-central-bank-warns-volatility-low-security/
    Samoa
    https://news.bitcoin.com/central-bank-of-samoa-issues-warning-digital-currency/
    Germany
    https://news.bitcoin.com/bundesbank-board-member-still-warns-about-bitcoins-volatility/
    In Romania for example is not illegal to own bitcoin like in Nepal (or Bolivia i think) but it is illegal to purchase cryptocurrency with your bank account card and this may lead to suspension of the bank account and to call the owner to give explanations. This can be read on the TOS agreement when creating an account.
    The old minded romanians and the corruption will always be against new technology and development and democrcy progress because the higher corrupted ones CAN'T CONTROL such things.
    Blockchain sistem is seen as a sign of democracy ,freedom and transparency.
    If the elections in Romania would be done through an electronic blockchain system, and not only the elections, the corruption will start to fall.
     
  6. Crystal

    Crystal Well-Known Member

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    now you know, avoid to use credit/debit card to buy directly bitcoin in romania.
    source : https://www.bancatransilvania.ro/bu...ceri-pf/Conditiile_generale_de_afaceri_PF.pdf
    Maybe thats why Coinbase does not want to support countries with such internal regulations from central bank (not laws given by parliament but "laws" given by central bank where other banks have to obey).
    I think Bitstamp does not support Romania too.
    Maybe thats why such websites with possible feature "purchase/sell with your card" does not include Romania and some other countries.
     

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