Coinbase Compromised - What Are The Alternatives?
Coinbase.com reported to be the largest Bitcoin exchange service in the world for converting bitcoin into fiat has recently been inundated with complaints from the Bitcoin community for a number of different reasons including but not limited to closing and freezing accounts, affiliates reward abuse, filing patents on open-source technology in an attempt to gain control of certain benefits and features of the technology that should remain open-source, very cozy relationship with traditional banking with top investors like BBVA and one of the founding members Fred Ersham having very close ties with Goldman Sachs as a former trader in it's securities division and now Coinbase has announced that it will start tracking how users spend their Bitcoins, the list goes on and on...
Coinbase is certainly not heading in the same direction as most members of the Bitcoin community and as a matter of fact Coinbase is starting to closely resemble PayPal in many ways, so if you are a true Bitcoiner this is not what you signed up for, I have put together a list of alternatives to Coinbase and these alternatives are much easier to deal with and they are dedicated to moving Bitcoin in the right direction away from the traditional banking and towards the original principals and core concepts introduced by Satoshi Nakamoto...
Here is a list of alternatives:
EXCHANGES
WALLETS
These are just a few alternatives to get you started and away from Coinbase, Please upvote this article if you found it helpful in any way and thank you for taking the time to read... Best wishes!!
i use bitfinex see here in my post
https://steemit.com/trending/@ph111p/5jvnhk-yes-you-can-spend-money-from-steemit-it-is-real-we-have-paid-our-trip-to-disney-usa-part-1-the-big-countdown
Hi Philip - I am not completely sold on Bitfinex either, here is why... (http://www.newsbtc.com/2016/06/03/bitfinex-fined-us75000-illegal-off-exchange-transactions)
Bitsquare, MultiSigna and Green Address are the ones that I like the most of that list.
good input 👍🏻
My favorites as well... I also like the new MultiBitHD now owned by KeepKey
thank you for providing that list of alternatives. i had begun to wonder whether leaving a good chunk of my bitcoin holdings at coinbase is a good idea
Bad Idea to hold a good chunk anywhere but a paper wallet you control.
oh yes for sure. cold storage. but what i do have on the internet.. coinbase has for the most part been used as my big wallet.. that should definitely change before the pressure of the halving is upon us.
Coin mixing can help with them tracking your bitcoins. Problem solved.
https://bitmixer.io/
Good suggestion with mixing but why bother when you can just eliminate the problem by moving to another exchange?