I have not been using Coinbase long but I have used it long enough to feel like I’m getting burned. I am using Coinbase as, what I call, a pass through as in the end, I am purchasing crypto that is not supported by Coinbase with the BTC I purchase through Coinbase. While the app itself is great as it is easy to navigate the process of withdrawing funds is not so great. I purchased BTC with the intent of withdrawing to purchase another crypto. A week and several emails later my BTC has not yet been released for withdraw. Prior to this transaction I had done several others successfully with no issues, now, for no reason whatsoever my funds are pended for “further research”. I am a patient person but as I’m sitting here waiting the BTC value is falling and the cost of the crypto I am looking to purchase is rising which means at this point I have missed out on a few hundred dollars of profit all because Coinbase won’t release my funds. I am giving only 1 star because (1) communication with Customer Service has not been great as I am still sitting here clueless on what’s going on and (2) I’ve missed out on significant profit and have no idea why or have any sense of comfort that this won’t be an ongoing issue 

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On February 16, 2018, Coinbase admitted that some customers were overcharged in error for credit and debit purchases of cryptocurrencies. The problem was initiated when banks and card issuers changed the merchant category code (MCC) for cryptocurrency purchases earlier this month. This meant that cryptocurrency payments would now be processed as "cash advances", meaning that banks and credit card issuers could begin charging customers cash-advance fees for cryptocurrency purchases. Any customers who purchased cryptocurrency on their exchange between January 22 and February 11, 2018 could have been affected. At first, Visa blamed Coinbase, telling the Financial Times on February 16 that it had "not made any systems changes that would result in the duplicate transactions cardholders are reporting." However, the latest statement from Visa and Worldpay on the Coinbase blog clarifies: "This issue was not caused by Coinbase."[45]
         其原理是:假设两个使用IP协议的站点A、B通过第三层交换机进行通信,发送站点A在开始发送时,把自己的IP地址与B站的IP地址比较,判断B站是否与自己在同一子网内。若目的站B与发送站A在同一子网内,则进行二层的转发。若两个站点不在同一子网内,如发送站A要与目的站B通信,发送站A要向“缺省网关”发出ARP(地址解析)封包,而“缺省网关”的IP地址其实是三层交换机的三层交换模块。当发送站A对“缺省网关”的IP地址广播出一个ARP请求时,如果三层交换模块在以前的通信过程中已经知道B站的MAC地址,则向发送站A回复B的MAC地址。否则三层交换模块根据路由信息向B站广播一个ARP请求,B站得到此ARP请求后向三层交换模块回复其MAC地址,三层交换模块保存此地址并回复给发送站A,同时将B站的MAC地址发送到二层交换引擎的MAC地址表中。从这以后,当A向B发送的数据包便全部交给二层交换处理,信息得以高速交换。由于仅仅在路由过程中才需要三层处理,绝大部分数据都通过二层交换转发,因此三层交换机的速度很快,接近二层交换机的速度,同时比相同路由器的价格低很多。

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Cryptocurrencies are experiencing a moment of unprecedented attention and speculation for several reasons. 1) The value of Bitcoin has been steadily climbing through 2017, with Ether seemingly poised to overtake the cryptocurrency giant any day; 2) Blockchain technology has purposes above and beyond cryptocurrency, and has been hailed by some as the backbone of the future financial system; 3) The increasing number of people who see cryptocurrency as a form of investment similar to gold. If cryptocurrencies stabilize in value, buying Bitcoin or Ether has the potential to be a worthy venture. 

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Bitcoin is the world’s first virtual digital currency underpinned by a completely decentralized blockchain technology also known as the Distributed Ledger Technology (DLT). Bitcoin was first created in 2009 by an anonymous identity of Satoshi Nakamoto. Bitcoin allows for peer-to-peer transactions and is completely free of any third-party involvement like financial institutions or central banks. The Bitcoin’s blockchain network maintains a history of all the transactions made and facilitates instant funds transfer with minimal transaction fees required to cover the cost of network operation. The total supply of Bitcoin is fixed at 21 million coins and its smallest fractional unit is called as Satoshi. Each Satoshi is a hundred millionth of a Bitcoin which means 100,000,000 Santoshi = 1 BTC. Bitcoins are generated by a process known as ‘mining’ which involves solving of complex mathematical algorithms. The miners involved in the mining process look after the Bitcoin network security and validate each transactions taking place on the network. Bitcoin can be exchanged with other digital currencies or fiat currencies. Bitcoin is used as a means of payment by over 100,000 vendors and merchants.

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Despite the intricate technology associated with and necessary for cryptocurrency investing, speculation and possession, Coinbase has created an apparatus that makes this process remarkably easy and familiar, almost like buying and selling stocks. This screenshot from the Coinbase site shows real-time cryptocurrency prices and doesn't look too different from your ordinary online stock tracker.

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从广义上来看,网络交换机分为两种:广域网交换机和局域网交换机。广域网交换机主要应用于电信领域,提供通信用的基础平台。而局域网交换机则应用于局域网络,用于连接终端设备,如PC机及网络打印机等。从传输介质和传输速度上可分为以太网交换机、快速以太网交换机、千兆以太网交换机、FDDI交换机、ATM交换机和令牌环交换机等。从规模应用上又可分为企业级交换机、部门级交换机和工作组交换机等。各厂商划分的尺度并不是完全一致的,一般来讲,企业级交换机都是机架式,部门级交换机可以是机架式(插槽数较少),也可以是固定配置式,而工作组级交换机为固定配置式(功能较为简单)。另一方面,从应用的规模来看,作为骨干交换机时,支持500个信息点以上大型企业应用的交换机为企业级交换机,支持300个信息点以下中型企业的交换机为部门级交换机,而支持100个信息点以内的交换机为工作组级交换机。 [3] 

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The other 2% of customer funds, held online, are covered in the event of a breach of Coinbase's online storage. Also, Coinbase holds all customer fiat currency in custodial bank accounts, on behalf of customers. So, if you have fiat currency in Coinbase, in a USD wallet, it is covered by FDIC insurance up to $250,000 (just like a "regular" bank). This protects customer assets (so long as they have been converted to fiat currency) even in the event of Coinbase becoming insolvent.

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On February 16, 2018, Coinbase admitted that some customers were overcharged in error for credit and debit purchases of cryptocurrencies. The problem was initiated when banks and card issuers changed the merchant category code (MCC) for cryptocurrency purchases earlier this month. This meant that cryptocurrency payments would now be processed as "cash advances", meaning that banks and credit card issuers could begin charging customers cash-advance fees for cryptocurrency purchases. Any customers who purchased cryptocurrency on their exchange between January 22 and February 11, 2018 could have been affected. At first, Visa blamed Coinbase, telling the Financial Times on February 16 that it had "not made any systems changes that would result in the duplicate transactions cardholders are reporting." However, the latest statement from Visa and Worldpay on the Coinbase blog clarifies: "This issue was not caused by Coinbase."[45] 

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Over 98% of cryptocurrency is stored securely offline and the rest is protected by industry-leading online security. Your account is also subject to the same scrupulous safety standards, including multi-stage verification and bank-level security. You can even lock the app with a passcode, or remotely disable your phone’s access to the app if it gets lost or stolen.

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