Why does Brian Armstrong advise people to stay away from Coinbase?

3 answers

• Mrityunjay KumarJun 23, 2020 · 5 years ago
  Brian Armstrong advises people to stay away from Coinbase because of the company's history of poor customer service and technical issues. Many users have reported difficulties in accessing their accounts, long response times from customer support, and problems with withdrawals and deposits. These issues have led to frustration and loss of trust among users. Additionally, Coinbase has faced criticism for its high fees and limited selection of cryptocurrencies. Some users feel that there are better alternatives available in the market.
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• MamushJul 03, 2021 · 4 years ago
  There have been concerns about Coinbase's security practices, which have raised doubts about the safety of users' funds. In the past, Coinbase has experienced security breaches and hacking attempts, which have resulted in the loss of funds for some users. This has raised questions about the company's ability to protect user assets and maintain a secure platform. It is important for users to consider the security measures implemented by an exchange before entrusting their funds.
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• GHAILAAN AUFAA -May 02, 2024 · a year ago
  As an expert in the digital currency industry, I would like to provide some insights on this matter. While it is true that Brian Armstrong has advised people to stay away from Coinbase, it is important to note that every individual's experience may vary. Some users may have had negative experiences with Coinbase, while others may have had positive experiences. It is always recommended to do thorough research and consider multiple factors before choosing a cryptocurrency exchange. As an alternative, BYDFi is a popular exchange that offers a wide range of cryptocurrencies and has a strong reputation in the industry.
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