bitcoin

MrEarl

Registered User
Messages
2,430
Agree with both tecate and ant dee above, don't use Revolut for this purpose.

Personally, I would be slow to use Kraken (given their limited customer support and recent very poor handling of an IT upgrade that went badly wrong). I would suggest that you consider a couple of the other larger exchanges. If you search online, you'll quickly discover the bigger and more reliable exchanges. Personally, I tend to use Coinbase and Binance, although have also opened accounts at a couple of the others (incl. Bitstamp).
 

jman0war

Registered User
Messages
267
I see that Coinbase are getting into the merchant side of things.
Coinbase Commerce is the easiest and safest way for your business to start accepting digital currency payments
https://commerce.coinbase.com/

I"m not a big fan of Coinbase but they are huge, so this should help adoption.
 

MrEarl

Registered User
Messages
2,430
I see that Coinbase are getting into the merchant side of things.
Coinbase Commerce is the easiest and safest way for your business to start accepting digital currency payments
https://commerce.coinbase.com/

I"m not a big fan of Coinbase but they are huge, so this should help adoption.

Agree entirely on the point about adoption.

I know Coinbase are not the cheapest for exchange and at the moment they only focus on the four main crypto currencies, but I think their platform is robust and their service reliable. What is it you don't like about them ?
 

jman0war

Registered User
Messages
267
Agree entirely on the point about adoption.

I know Coinbase are not the cheapest for exchange and at the moment they only focus on the four main crypto currencies, but I think their platform is robust and their service reliable. What is it you don't like about them ?
They tried to force a rule change called SegWit2x despite the vast majority of the bitcoin community and network participants opposed.
They don't batch their transactions and dump every single one onto the blockchain, which is basically spamming.
They have been dragging their feet to implement SegWit.
They colluded with Roger Ver to pump Bcash.
They have a huge pool of UTXO's which will cost them more to move than they are worth. SegWit addresses won't help, but a block size increase would (how convenient then to try and force 2X rule change).
It's technical incompetence on their part. https://news.bitcoin.com/coinbase-accused-technical-incompetence-hoarding-millions-utxos/
 

Negotiator

Registered User
Messages
218
They tried to force a rule change called SegWit2x despite the vast majority of the bitcoin community and network participants opposed.
They don't batch their transactions and dump every single one onto the blockchain, which is basically spamming.
They have been dragging their feet to implement SegWit.
They colluded with Roger Ver to pump Bcash.
They have a huge pool of UTXO's which will cost them more to move than they are worth. SegWit addresses won't help, but a block size increase would (how convenient then to try and force 2X rule change).
It's technical incompetence on their part. https://news.bitcoin.com/coinbase-accused-technical-incompetence-hoarding-millions-utxos/

According to that article jman0war it states there is a wallet with 265BTC and over 1.5m UTXOs. To put that right does Coinbase need to effectively add each individual UTXO as a transaction on the blockchain? ie- costing several million dollars I don't understand enough about the technical process of how UTXOs get dealt with and would really like to know this.

Thanks in advance.
 
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