CoinBase freezing accounts, is that real?
CoinBase freezing accounts, is that real?
I saw a lot of news about users complaining that CB is blocking their account without a reason, and I was wondering if is actually true or of they do it because of possible illicit activities going on, I have a ledger and a CB account, and I’m considering moving everything on my ledger to avoid this issue, I just DCA and use CB CC, no trading or anything, do I need to be concern or I’m just paranoid?
Yeah. I’m on the Coinbase Discord channel, and it’s mostly user error.
There is possibly a small percent of innocent customers who are getting locked out because they receive funds from other addresses who got flagged.
Yes it happened to me last year. They ignored all support requests. Ended up being they somehow wiped my verifications and info.
Been Coinbase user since 2016. And they locked my account for about five months.
It doesn’t happen till it happens, and when it does, you will understand why it’s not good to store crypto pn a centralized exchange.
Coinbase is not error free. Judging by their account base (100 million) and the number of complaints (~10k users), they only fail 0.01% of users. The other 99.99% of users are happy.
I’ve been using Coinbase since 2014, and I’ve never encountered any issues. There was one instance where they requested documents, but it was resolved quickly. I trust Coinbase more than any other exchange.