Is Coinbase a SCAM?

Updated: May 26, 2017

Maybe you’ve heard of the Bitcoin exchange coinbase. Coinbase is an easy place for you to buy Bitcoin, Ethereum and Litecoin. Coinbase is only for people that live in the USA. You can just connect your bank account to your coinbase account and it is easy to buy coins whenever you want. The question that some people might be asking is “is Coinbase a scam “.

Also Read: Where to buy Bitcoin?

Investors and Expansion
Coinbase has very well-known investors that have invested millions of dollars in order for Coinbase to get off the ground. Now with Bitcoin in a bull run Coinbase is probably making a lot of money. They have also introduced the ability to buy aetherium and Litecoin furthermore coinbase has expanded, they’ve opened GEX which is the Coinbase exchange. There you can trade with an orderbook just like trading stocks or forex. Would you like to have a look at some of Coinbase´s investors? I think you will be suprised.

Is Bitcoin a scam?
You might be asking yourself if Bitcoin is a scam. If you think Bitcoin is a scam then of course you think Coinbase is a scam. Bitcoin is open source, no central oranization controls it. Of course if you buy bitcoin and then the price of Bitcoin goes down you could lose money. This does not mean Coinbase or Bitcoin are scams though. Nobody is promisiing you a profit when you buy Bitcoin. You can spot scams like Onecoin that offer you daily, weekly or monthly returns on investments. Bitcoin doesnt offer or promoise you anything except that there will only be 21 million Bitcoin ever, you can send Bitcoin to anyone, anytime around the world without anyone´s permission.

Would you like to test out if Coinbase is a scam or not? Sign up at Coinbase, buy 100$ worth of bitcoin or more and get 10$ worth of bitcoin free. You can then withdraw the bitcoin to your own wallet, including the 10$ worth of free Bitcoin. Try it out and let us know in the comments below if Coinbase is a SCAM.