You are viewing a single comment's thread from:
RE: Don't Lose The Investment Of Your Life Because Of Coinbase!
I've never really thought of Coinbase as a trading platform, it doesn't have a lot of the basic functionality that an actual exchange would have. It's more a beginners wallet and an on/off ramp to fiat currency. I use the bank transfers to avoid the higher credit card fee, and while they take several days I don't mind as I'm long term investing and not trying to time the markets or actively trade. I definitely wouldn't try to do either of these two things on Coinbase directly.
I'm fairly new to investing in crypto so I will need to explore other options. Do you use Coinbase exclusively?
I use Coinbase just to link to my actual bank account and transfer from/to USD. For trading coin to coin in a stock market type exchange I've used Poloniex a bit, though they are having severe growing pains and you'd find the same issues you're seeing on Coinbase when timing of the trade is critical. If I'm just sending some Bitcoin from Coinbase to Steemit (converting it to Steem) Blocktrades has always been easy and great, no account needed. And finally I just started playing around with OpenLedger. It's the exchange that is powered by Steem's "sister coin" Bitshares. It's really interesting. Pretty complicated to get to grips with but well worth it. It's a decentralized automatic exchange. I don't know why more people haven't switched over to it from places like Poloniex.