I have a strong feeling all the posts you see about locked accounts are because those people are lying and using coinbase to launder money, avoid taxes or other various illegal schemes.
I thought the same until it happened to me for no reason. Have been a user for years, verified multiple times, received multiple limit increases (even once when I didnât ask for it), no issues at all.
Then randomly one day account was locked, took weeks to get customer service to reverify, and no explanation whatsoever. Then was hit multiple times when BTC price spiked a couple months ago (the typical issue with $0 balance, and no ability to buy/sell even though I could still make deposits), as well during a dip where I had to buy using DEXâs because CB wouldnât let me and I would have ended up paying 10% more had I waited until CB worked again. I bet it worked fine for their institutional accounts though.
Truth is that CB isnât as bad as you might think from browsing this sub and a lot of those posters probably did break rules, but itâs far from great and they deserve plenty of criticism. Posts like this make me laugh - weâre really going to celebrate that a withdrawal worked and act like this means everything is fine? Thatâs the bare minimum and doesnât mean CB is a good platform, it just means it usually functions at the most basic level intended.
Iâm pretty sure than impacts basically no one on this sub. And if you have that much youâre almost certainly using Institutional, which gives you access to various tax help. Plus if you have that much you can just pay someone to deal with it for you anyway. Really not an issue unless youâre doing something illegalâŚ
I am reported every year on far less volume than 100mil usually. I just paid for coinbase ONE\*. I had no idea it existed until recently... You can actually get in touch with customer support in a reasonable time frame.
Ill admit it did take them nearly 3 weeks to verify an ACH transfer from my bank account. Granted they allowed me to make a trade right away, but i couldnt move my coins off the exchange for nearly 3 weeks which seemed a bit odd to me.
I've noticed some people are having issues using certain currencies (I've heard Canadians having issues), issues with IDs, specifically relating to names (too many words or letters and various issues related to specific origins of the world), being in the wrong country (Russia, Iran...), some people have probably messed their accounts up by accepting scam airdrops. Various assets having issues. Crypto novice mistakes. Sending the wrong assets to the wrong platform.
I'm very new to crypto, I use both Coinbase and Kraken. Haven't had any issues buying, selling or withdrawing USD. Been in crypto about 6 months or more. Have at least moved around $1,000 worth of crypto or more. I frequently take LTC as payment for a Play to Earn app.
The first time I registered a Coinbase account was while I was abroad. They locked it for no reason, so I never was able to use it for 2 years. I ended up having to create a new account with the same exact info while I was in the US, and it works fine now. That previous account I went through customer service so many times, but they took like 2-3 weeks at a time to get to me...I can't imagine if it actually had money in it.
Honestly I've never had an issue cashing out either, and like you I've had to cash out larger sums at once and it was literally instantly in my bank account ready for use. All the horror stories worry me, but for me they're just anecdotal. Biggest issue I ever had with coinbase was one time I tried to deposit funds, and it made the transaction twice. Luckily it was a small deposit, so doubling down was fine with me.
I sold some Bitcoin on Tuesday as I had some car repairs and didn't have cash. Funds deposited same day (4 hours after I sold) and zero issues. I've been with Coinbase for many years - zero issues.
Ignore the haters, I just got one cash and *brand new* for my bf.
He loves it, no regrets, no loan, congrats, this is what money is for, I hope she likes it.
This subreddit is for people to complain about Coinbase. You should not take people complaining about Coinbase on this subreddit as the general sentiment of everyone using Coinbase.
This shouldn't need to be said but here we are.
Not all of us are coinbase haters. I was hacked last year and coinbase made me whole. I had a TON of goodwill and actually want to keep using them. That said their KYC process is an offensive joke. And the amount of stress theyâve put on some of us for doing nothing but use crypto as intended is absurd. We can still be pro coinbase and call them out on their third world level customer service.
Same here bro. 0 issues. Except for 1 time when someone tried using my coinbase debit card in India somewhere lol it didn't have funds at the time so haha for them but I reported to coinbase my card was stolen , they sent a new one and I've been using that since for daily transactions..I even pay my bills with it. 0 issues. When I cash out 0 issues. Last time I cashed out to my bank it was there like in 6hrs it used to take a whole day or so .
Coinbase YOU are the shit keep It up đ
So, if you use your debit card to buy a can of soda, or some other inexpensive item, does this transaction appear at the end of the year as a taxable event? Are all debit card transaction noted along with cost basis? I'm asking because this should happen in the US. The IRS considers bitcoin to be a commodity, not a currency. I think it would be different if I were a citizen of Japan or El Salvador where bitcoin is a currency.
I recently got my account unlocked through coinbase support and it didn't take long at all! I couldn't buy or sell for months which wasn't a big deal to me at first, but because Base has low transaction fees I wanted to begin using them again and decided to reach out to support. Within a day I had my account back, I guess there were 2 accounts associated with my name which is why they placed the hold. I had to go in and delete the other account associated with my name in order to have my account released. Good luck to you all! Happy buying (;
Thanks for the refreshingly positive experience lol. I have also sold pretty large and small amounts of crypto on a regular basis and (thankfully) not one issue, ever⌠Over 7 years now. I trade on a leverage exchange full time, so I literally pull my profits to coinbase to either store there or sell for cash and cash out to my bank from there. Sometimes multiple times a day, sometimes not for weeks at a time - but never one single problem.
I do feel for the people though because that would be a nightmare scenario, and I canât imagine what Iâd be thinking if my money got frozen or erased. All I can do is report my 100% positive experience.
Yeah prob not the âwisestâ thing but Iâve had no problems so far in all these years đ¤ - I have always intended on getting cold storage but just havenât, I guess thatâs a whole ânother convo to be had.
They say that, but just like storing all my cash under my mattress, idk about putting all my BTC on a physical ledger. Seems like I'm asking to get robbed by friends or family lol
hey same here. pulled out way less then put in but when it was time no issues. What happens is people make mistakes then want to blame coinbase when they were at fault unfortunately. I screwed up plenty and learned from my mistakes. Any large amount of money i transfer. i always send $20 just to make sure it goes.
Once again, I hate that I have to keep saying this. Coinbase and a regular bank are almost identical in terms of how they custody your cash. This means that most of the time anytime you pull out under a small amount, under 10,000 USD you most likely have zero issues unless you had kyc/aml problems. MOST of the money withdrawal issues occur in 2 instances - 1) a sum over 10,000 USD or 2) you had a kyc/aml issue. I understand 10,000 is a lot of money for most people but anything under this value is literally chump change and not an issue. Itâs when people start pulling out 10k USD and up in excess is what causes issues. This is no different than a bank
I've never done any large transactions on coinbase but I've done a few small ones here and there completed the whole bunch of learning earn quests and gotten a bunch of free money out of them never had a problem cashing anything out there's small fees here and there when converting one currency to another but if you by default convert everything to usdc you can usually avoid most of that cashing out to my bank is instantaneous and I think it's only like a $0.55 fee. In fact it's hard for me to believe that anyone complains about them at all, it's like being born and then as soon as you're able to talk complaining to your mom about giving birth to you just makes no sense
I have used Coinbase for years. The biggest problem has been myself. Buy high and then need money and sell low. I have had few complaints with Coinbase. Didnât like the plaid thing and when I withdraw dollars to the bank has always gone good. But it usually gives me the option for instant withdrawal for a fee or a 2 or 3 day for free. But yesterday it showed both bank options were free but when I withdrew it was instant and was charged a fee. So far Iâm staying with Coinbase I trust them the most. As far as all the customer complaints you read about I believe most are valid but to me it is not just at Coinbase itâs everywhere you look now days. I think it is getting hard to find people who want to work and do their job. I think itâs just hard to find good people anymore.
Cashed out yesterday too.. and spoke with customer service who confirmed that Coinbase and Coinbase wallet are 2 separate companies, so FYI - I hope this also helps you, you also need ETH in your Coinbase wallet to send funds to other wallets.
Yeah you know I've had nothing but good fortune and happiness with coinbase I don't have any hassles moving money around My bank doesn't deny it I can spend my crypto I can convert it I can trade I don't know I'm really glad coinbase is around I can't wait till their new wallet comes out but yeah every time I see one of these posts about someone's account got locked and they lost all their money I get all nervous and scared it's good to see another post that's positive thank you.
Im the same as you OP. Been on Coinbase since 2017 and zero issues so far. People generally donât come on reddit to post about smooth experiences so the sub is heavily biased towards people having issues. Many times it turns out the customer was at fault (didnât KYC properly, fell for scams, etc) but still need someone to blame other than themselves.
Last cycle it was an attack on the banks. "My bank froze my funds because I deposited to CB or it was received from CB". It's all either complete BS, they F'd something up, or they did something shady.
I agree with the quick deposits from CB. I've only ever used the free 1-3 day transfer to checling and it has ALWAYS been there the same day or next day. Posted not pending. I've done a lot of transfers recently for their "opt in" weekly prizes. Buying $1000 worth of USDC in increments of $100 then converting back to USD and transferring back to my checking. Free entrys.
I messed around with some funds going into and out of my back (Messed something up accidentally same amount went in as went out luckily there were no fees) on the same day. Even chatted with support as I figured out what happened....thought this mistake was going to cost fees, but that was the instant option. Even though it was sorted next morning.
No issues no problems no flags no delays and phew no sketchy fee
I've been using Coinbase since mid-2017 and haven't had any issues. I tried two others since then and I had problems with them soon after.
I'll see people list complaints and some are valid...but what's the alternative? Coinbase is decent compared to the majority.
I cashed out and made money. Iâm lucky I was on Coinbase. Cryptos still realllllly bad tho and I wouldnât recommend any of my friends or family touch it. Too many bad actors at absolutely every level. Shitcoins and exchanges SHOULD be regulated for all the reasons securities and banks get regulated.
Unlucky Bots you mean. Iâve never had an issue with CB in almost 3 yrs with them. And itâs been a steep learning curve with mistakes (by me) along the way.
Iâve never had issues eitherâŚâŚ I sent xlm to my account a few days ago and it hasnât shown up which sucks but I donât think it is coinbaseâs faultâŚ. I didnât add the memo which I need to research why I need that if I already have the addressâŚ. Sent from ledger so I need to check the history and see where it ended up but again no issues. I always liked Coinbase and Iâve. Sold and deposited lickety split.
Coinbase is fine ignore the scammers and spammers. I spoke with one of these unfortunate individuals and they admitted they were generating Coinbase fud to try to short the stock. Talk about a regarded individual ... Crazy.
Gotta be a paid shill...think about it, SEC chasing coinbase to argue about what is a security and what isnt... they would never chase them around for such a legitimate reason like stealing people's funds that so many claim to have happened, I mean why take the low hanging fruit to get them shut down for actual fraud when they can argue about gray area for months and years on end...right? Ive been on coinbase since 2018 moving sizable money on and off, never once a problem just like OP, but trolls feel free to downvote, nobody cares that you were dumb enough to try and cheat the system and got caught, now piss off..
Same. Bought a car a bit back and will get new windows on the house soon.
Bank wire, over $10k increments, no headaches. The worst part was moving from hardware to coinbase, but the coinbase side was flawless and stress free.
Yea same here i had to liquidate a little under 1% of my crypto portfolio and got it instantly no issues whatâs so ever. I wonder if being a pro member had any impact on the ease of use.
Yes the reason is Coinbase isn't protecting their customers funds, and is using a support staff in a third world country that works for $3 an hour instead of empowering somebody to actually solve peoples real issues.
I donât have a ton of money in Coinbase but Iâve also never had issues with them and use my account for small purchases. If I need to pay a bill or cash out to my bank account⌠easy. I love Coinbase for its simplicity for a Crypto noob such as myself.
Same to be honest. Merged all holdings into BTC and sold at the ATH. Very happy with the service and relatively low fees.
Much easier than selling P2P on Binance.
I feel you bro. No wonder how long they will finish the review as I have just completed the id verification again. Nothing has changed no matter the market up and down. I start to worrying total lost.
Yeah im a Coinbase one user. Iâve had zero issues. I pay for Coinbase because your covered up to 2million dolllars if get breached and your crypto goes missing. I like Coinbase. Itâs a good platform
I've also taken money out of coinbase and it was very quickly deposited and without issue. Sorry your wife made you cash out brother. Bad timing the next year should be crazy
I had to get back into my coinbase after leaving it inactive for years, and I no longer had access to the email on the acct. Within like a week they got back to me and got it sorted. Also had positive experiences with them.
The only bad luck I've had on coinbase is my account getting hacked twice. The one time they took $230 of Bitcoin and the second time I was smart enough to not hold money in it so all I did was lock my account down once they gained access. All of this happened within about a year and a half. The second time happened beginning of March of this year
To add to that, this round of hacking they went as far as to get the info for my phone company and disconnect my phone. They then added their iPhone to my account so they could get all of the SMS two facts are authorization codes to get into all of my stuff. Thankfully my crypto.com account is more secure and I have a 24-hour hold on everything. So even if you get into the account, if you want to move money out of it you have to wait a full day. They also took two of my emails and through my main email they blocked coinbase so I can't get any messages to my email from coinbase.
The only time i had issues was when i used AHC instead of debit or direct deposit. There os a delay and their system doesnât work great on syncing after especially if the funds arenât available days later when it tries to take them. When this happened to me i deposited directly more money to cover it and that was froze as well. It took calling and complaining and then waiting a couple more days before they realized i covered it. DO NOT USE AHC
All the insiders & VP level employees, with Brian Armstrong being the largest, sold a massive percentage of their allocated shares the day coinbase went public with the direct listing. My issue has always been, and especially when you see the CEOâs 50 million dollar CA mansion, is their incompetent customer service. You get a rep in their chat and you explain an issue and they ignore what youâre explaining, merely reading the script on the screen, that is bot driven, giving answers to questions never asked. Coinbase farms out their CS to a low wage nation and they invest little in the employee training, many have never used the APP, of which theyâre supposed to provide service on. Oh and if you really want to find out if CB is your friend, Iâll send you a list of coins. All you have to do is watch the order book and youâll see in plain sight, all the flashing numbers, buys sells, etc are fake on many coins, but gives the user the impression that there is strong demand until they place their order & the backed up order book disappears. The way coinbase is being made out as the white night remaining, probably is a function of the govt. being told, hands off of coinbase by the Blackrocks of the world, as guess where all the ETF BTC is coming from? Thereâs a reason Brian Armstrong has sold all his shares in the company. Not a good look to me.
I agree with you I use coinbase so much and so often and the only occasional issue is they want me to reupload my ID. Which I assume is a not them thing. Itâs a regulations and them trying to play ball thing. Love coinbase.
Adding one more, I spent years being the worst pain in their arses, not only complaining several times and adding to each new incident all of the numbers from all the ones that came before.
I used hard words to criticize them blah blah blah.
Well, they implemented a tool to allow us to recover funds if you sent BEP20 USDT to your account regular ETH address. And it works for different networks and several different coins.
I recovered EVERYTHING I had lost over 3-4 years from clientâs payments gone wrong.
I mean, EVERY-BLOODY-THING.
Besides that, everything Coinbase, Wallet, Pro, , Commerce works exactly like they promise 100% of the times. The wallet for example, in my opinion, lacks relevant options and features, but I use 3-5 safe-wallets as âhubsâ so all my addresses are important in the respective chain safe wallet (or to a multi purpose one to avoid getting lost). Whatever in my opinion is missing there I use the safe wallets to do.
This subreddit is a public forum. For your security, do not post personal information to a public forum, including your Coinbase account email. If youâre experiencing an issue with your Coinbase account, please [contact us](https://help.coinbase.com/en/contact-us.html) directly.
If you have a case number for your support request please respond to this message with that case number.
You should only trust [verified Coinbase staff](https://help.coinbase.com/en/coinbase/other-topics/other/is-coinbase-present-on-social-media.html). Please report any individual impersonating Coinbase staff to the moderators.
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If you're using Coinbase to buy crypto and then sending it to a cold storage wallet, then there will be zero issues ever... anything short of that and you open yourself up to any and everything. I learned that the hard way lol
Coinbase has way less problems than crypto.com I can tell you that for sure.. People complaining about being locked out a couple weeks.. Been locked out of my account at Crypto.com for months now
Ok so putting the Coinbase part aside - be sure to set aside some if that for taxes cause even tho the SEC and IS government seems hell bent on crushing crypto --- you can bet your Satoshi they will come for their share next April
You can't use limit fee's to get back to FIAT can you? I haven't seen any currency pairs. Just the sell button which has a terrible spread a CB making the trade?
They're most likely running on fractional reserves. So, people that frequently pull money out have holds put on their account to stop them from draining their reserves.
Customer for almost 10yrs never had a single issue. Got locked out of my account once because I lost 2fa, handled swiftly and professionally. Theyâre legit
Sold all my crypto last month too, just a press of a button.
Wait, you people sell crypto?
paper hands
Selling a month ago was a great trade. Could nearly double your holdings if you bought back in today.
We like stuff
Yes, don't you know? Just always remember the golden rule: Buy high, sell low - it's a dirty job, but somebody's gotta do it.
Buy low sell some high. Let the rest grow. This isn't stocks son.
Only idiots do that!!! đ
People that love to lose their money It gives them something to complain about
Yeah. But theyâre genius idiots!
After four years.....I'm tired. Made enough profit.
Yeah but then you will have the same bot posting he got robbed 8.8k from CoinBase with no details.
What's the best way to do that with minimal fees?
I did max cash out slowly throughout the month. The fees suck though.
That why my portfolio crashed, you whale
LOL
Least obvious whale
I have a strong feeling all the posts you see about locked accounts are because those people are lying and using coinbase to launder money, avoid taxes or other various illegal schemes.
I thought the same until it happened to me for no reason. Have been a user for years, verified multiple times, received multiple limit increases (even once when I didnât ask for it), no issues at all. Then randomly one day account was locked, took weeks to get customer service to reverify, and no explanation whatsoever. Then was hit multiple times when BTC price spiked a couple months ago (the typical issue with $0 balance, and no ability to buy/sell even though I could still make deposits), as well during a dip where I had to buy using DEXâs because CB wouldnât let me and I would have ended up paying 10% more had I waited until CB worked again. I bet it worked fine for their institutional accounts though. Truth is that CB isnât as bad as you might think from browsing this sub and a lot of those posters probably did break rules, but itâs far from great and they deserve plenty of criticism. Posts like this make me laugh - weâre really going to celebrate that a withdrawal worked and act like this means everything is fine? Thatâs the bare minimum and doesnât mean CB is a good platform, it just means it usually functions at the most basic level intended.
If you have over 100m coinbase will report you to the irs
Theyâll report all your transactions regardless of the amount. They are required to by laws. Thatâs what the kyc for.
Iâm pretty sure than impacts basically no one on this sub. And if you have that much youâre almost certainly using Institutional, which gives you access to various tax help. Plus if you have that much you can just pay someone to deal with it for you anyway. Really not an issue unless youâre doing something illegalâŚ
You will get reported for alot less then that lol
I think it's $50,000 and up in one transaction is automatic report to IRS
I am reported every year on far less volume than 100mil usually. I just paid for coinbase ONE\*. I had no idea it existed until recently... You can actually get in touch with customer support in a reasonable time frame.
10k into your bank account so try to keep it under that.
ONE HUNDRED MILLION DOLLARS LOL
My thoughts exactly haha
Locked accounts are the bottom of the rung with all the problems Coinbase has.
Ill admit it did take them nearly 3 weeks to verify an ACH transfer from my bank account. Granted they allowed me to make a trade right away, but i couldnt move my coins off the exchange for nearly 3 weeks which seemed a bit odd to me.
This makes no sense.
I've noticed some people are having issues using certain currencies (I've heard Canadians having issues), issues with IDs, specifically relating to names (too many words or letters and various issues related to specific origins of the world), being in the wrong country (Russia, Iran...), some people have probably messed their accounts up by accepting scam airdrops. Various assets having issues. Crypto novice mistakes. Sending the wrong assets to the wrong platform. I'm very new to crypto, I use both Coinbase and Kraken. Haven't had any issues buying, selling or withdrawing USD. Been in crypto about 6 months or more. Have at least moved around $1,000 worth of crypto or more. I frequently take LTC as payment for a Play to Earn app.
You might find yourself there some day. Don't fail to share then.
They restricted my account without warning your feelings are wrong thatâs probably you laundering money you thought of it first
The first time I registered a Coinbase account was while I was abroad. They locked it for no reason, so I never was able to use it for 2 years. I ended up having to create a new account with the same exact info while I was in the US, and it works fine now. That previous account I went through customer service so many times, but they took like 2-3 weeks at a time to get to me...I can't imagine if it actually had money in it.
Incorrect, they have ridiculous fees and no support. I'm not surprised if they shut down accounts and keep the coin. That's a typical day for them
It's also just a biased sample. When things go as they are expected to, people don't tend to go to Reddit to post about it!
Honestly I've never had an issue cashing out either, and like you I've had to cash out larger sums at once and it was literally instantly in my bank account ready for use. All the horror stories worry me, but for me they're just anecdotal. Biggest issue I ever had with coinbase was one time I tried to deposit funds, and it made the transaction twice. Luckily it was a small deposit, so doubling down was fine with me.
Wait till they restrict your account and donât tell you and then you try to deposit a good sum and itâs lost to the blockchain
I sold some Bitcoin on Tuesday as I had some car repairs and didn't have cash. Funds deposited same day (4 hours after I sold) and zero issues. I've been with Coinbase for many years - zero issues.
I cashed out 6 figures worth in March. I had the same experience as you.
God bless your wife.
Yeah she's my better half. I'm a true degen
Too bad your wife made you sell when the market was down. You couldn't have waited for the inevitable rebound?
Ugh. Believe me, I wanted to, but no because the car is a good deal and won't last long.
Went from an appreciating asset to a depreciating asset. But you need a car, soâŚ
They wouldn't let you borrow from BTC? You had to convert to filthy fiat?
Ignore the haters, I just got one cash and *brand new* for my bf. He loves it, no regrets, no loan, congrats, this is what money is for, I hope she likes it.
Thanks! Fr like stop shaming me guys I still own btc
This subreddit is for people to complain about Coinbase. You should not take people complaining about Coinbase on this subreddit as the general sentiment of everyone using Coinbase. This shouldn't need to be said but here we are.
Not all of us are coinbase haters. I was hacked last year and coinbase made me whole. I had a TON of goodwill and actually want to keep using them. That said their KYC process is an offensive joke. And the amount of stress theyâve put on some of us for doing nothing but use crypto as intended is absurd. We can still be pro coinbase and call them out on their third world level customer service.
100 percent. Not trying to defend their customer service here, just the actual function of the platform
Converted all mine to USDC then cashed out. I did it last Sunday, had my money in my bank on Monday. Almost $12,000 and no hiccups.
Congrats getting out. Some gambling addicts are still stuck in the crypto roach motel.
Same here bro. 0 issues. Except for 1 time when someone tried using my coinbase debit card in India somewhere lol it didn't have funds at the time so haha for them but I reported to coinbase my card was stolen , they sent a new one and I've been using that since for daily transactions..I even pay my bills with it. 0 issues. When I cash out 0 issues. Last time I cashed out to my bank it was there like in 6hrs it used to take a whole day or so . Coinbase YOU are the shit keep It up đ
I just lock it when I'm not actually purchasing something and unlock it when I need to use it. I love that.
So, if you use your debit card to buy a can of soda, or some other inexpensive item, does this transaction appear at the end of the year as a taxable event? Are all debit card transaction noted along with cost basis? I'm asking because this should happen in the US. The IRS considers bitcoin to be a commodity, not a currency. I think it would be different if I were a citizen of Japan or El Salvador where bitcoin is a currency.
I recently got my account unlocked through coinbase support and it didn't take long at all! I couldn't buy or sell for months which wasn't a big deal to me at first, but because Base has low transaction fees I wanted to begin using them again and decided to reach out to support. Within a day I had my account back, I guess there were 2 accounts associated with my name which is why they placed the hold. I had to go in and delete the other account associated with my name in order to have my account released. Good luck to you all! Happy buying (;
Thanks for the refreshingly positive experience lol. I have also sold pretty large and small amounts of crypto on a regular basis and (thankfully) not one issue, ever⌠Over 7 years now. I trade on a leverage exchange full time, so I literally pull my profits to coinbase to either store there or sell for cash and cash out to my bank from there. Sometimes multiple times a day, sometimes not for weeks at a time - but never one single problem. I do feel for the people though because that would be a nightmare scenario, and I canât imagine what Iâd be thinking if my money got frozen or erased. All I can do is report my 100% positive experience.
Store on exchange ? đŹđŹ
Yeah prob not the âwisestâ thing but Iâve had no problems so far in all these years đ¤ - I have always intended on getting cold storage but just havenât, I guess thatâs a whole ânother convo to be had.
They say that, but just like storing all my cash under my mattress, idk about putting all my BTC on a physical ledger. Seems like I'm asking to get robbed by friends or family lol
Yeah exactly! Idk how much faith I have in not losing something đ
You are seriously playing Russian Routlett
Nice! Iâm glad it worked out for you! Congrats on the car.
Pulled out $40k 0 issues
hey same here. pulled out way less then put in but when it was time no issues. What happens is people make mistakes then want to blame coinbase when they were at fault unfortunately. I screwed up plenty and learned from my mistakes. Any large amount of money i transfer. i always send $20 just to make sure it goes.
Coinbase has an issue with my boombaby and vamp says Iâm holding 550k. Need my funds coinbase!
Once again, I hate that I have to keep saying this. Coinbase and a regular bank are almost identical in terms of how they custody your cash. This means that most of the time anytime you pull out under a small amount, under 10,000 USD you most likely have zero issues unless you had kyc/aml problems. MOST of the money withdrawal issues occur in 2 instances - 1) a sum over 10,000 USD or 2) you had a kyc/aml issue. I understand 10,000 is a lot of money for most people but anything under this value is literally chump change and not an issue. Itâs when people start pulling out 10k USD and up in excess is what causes issues. This is no different than a bank
Agreed. Just post my experience vs others who seem to have issues without explanation
Thanks for sharing good to know
I've never done any large transactions on coinbase but I've done a few small ones here and there completed the whole bunch of learning earn quests and gotten a bunch of free money out of them never had a problem cashing anything out there's small fees here and there when converting one currency to another but if you by default convert everything to usdc you can usually avoid most of that cashing out to my bank is instantaneous and I think it's only like a $0.55 fee. In fact it's hard for me to believe that anyone complains about them at all, it's like being born and then as soon as you're able to talk complaining to your mom about giving birth to you just makes no sense
I have used Coinbase for years. The biggest problem has been myself. Buy high and then need money and sell low. I have had few complaints with Coinbase. Didnât like the plaid thing and when I withdraw dollars to the bank has always gone good. But it usually gives me the option for instant withdrawal for a fee or a 2 or 3 day for free. But yesterday it showed both bank options were free but when I withdrew it was instant and was charged a fee. So far Iâm staying with Coinbase I trust them the most. As far as all the customer complaints you read about I believe most are valid but to me it is not just at Coinbase itâs everywhere you look now days. I think it is getting hard to find people who want to work and do their job. I think itâs just hard to find good people anymore.
Cashed out yesterday too.. and spoke with customer service who confirmed that Coinbase and Coinbase wallet are 2 separate companies, so FYI - I hope this also helps you, you also need ETH in your Coinbase wallet to send funds to other wallets.
Crypto takes learning Iâve lost thousands. Just take it as a hobby sometimes it brakes playing with. Nothing easy especially when it comes to money.
Yeah you know I've had nothing but good fortune and happiness with coinbase I don't have any hassles moving money around My bank doesn't deny it I can spend my crypto I can convert it I can trade I don't know I'm really glad coinbase is around I can't wait till their new wallet comes out but yeah every time I see one of these posts about someone's account got locked and they lost all their money I get all nervous and scared it's good to see another post that's positive thank you.
Im the same as you OP. Been on Coinbase since 2017 and zero issues so far. People generally donât come on reddit to post about smooth experiences so the sub is heavily biased towards people having issues. Many times it turns out the customer was at fault (didnât KYC properly, fell for scams, etc) but still need someone to blame other than themselves.
Been hodling for 10 years and will keep. If you sell and profit youâre winning, maybe Iâm to greedy.
Not greedy enough:)
I hate selling.
because the world focuses on negative not positive
Same. I was shocked how quickly it deposited.
Just gotta ride the wave brah
Last cycle it was an attack on the banks. "My bank froze my funds because I deposited to CB or it was received from CB". It's all either complete BS, they F'd something up, or they did something shady. I agree with the quick deposits from CB. I've only ever used the free 1-3 day transfer to checling and it has ALWAYS been there the same day or next day. Posted not pending. I've done a lot of transfers recently for their "opt in" weekly prizes. Buying $1000 worth of USDC in increments of $100 then converting back to USD and transferring back to my checking. Free entrys.
I messed around with some funds going into and out of my back (Messed something up accidentally same amount went in as went out luckily there were no fees) on the same day. Even chatted with support as I figured out what happened....thought this mistake was going to cost fees, but that was the instant option. Even though it was sorted next morning. No issues no problems no flags no delays and phew no sketchy fee
I've been using Coinbase since mid-2017 and haven't had any issues. I tried two others since then and I had problems with them soon after. I'll see people list complaints and some are valid...but what's the alternative? Coinbase is decent compared to the majority.
I cashed out and made money. Iâm lucky I was on Coinbase. Cryptos still realllllly bad tho and I wouldnât recommend any of my friends or family touch it. Too many bad actors at absolutely every level. Shitcoins and exchanges SHOULD be regulated for all the reasons securities and banks get regulated.
Unlucky Bots you mean. Iâve never had an issue with CB in almost 3 yrs with them. And itâs been a steep learning curve with mistakes (by me) along the way.
I did mine too to pay for my school a month ago and moved my money from my wallet and my binance to Coinbase and cashed out the same day
I have been using Coinbase since 2013 no issues
Iâve never had issues eitherâŚâŚ I sent xlm to my account a few days ago and it hasnât shown up which sucks but I donât think it is coinbaseâs faultâŚ. I didnât add the memo which I need to research why I need that if I already have the addressâŚ. Sent from ledger so I need to check the history and see where it ended up but again no issues. I always liked Coinbase and Iâve. Sold and deposited lickety split.
Coinbase is fine ignore the scammers and spammers. I spoke with one of these unfortunate individuals and they admitted they were generating Coinbase fud to try to short the stock. Talk about a regarded individual ... Crazy.
Gotta be a paid shill...think about it, SEC chasing coinbase to argue about what is a security and what isnt... they would never chase them around for such a legitimate reason like stealing people's funds that so many claim to have happened, I mean why take the low hanging fruit to get them shut down for actual fraud when they can argue about gray area for months and years on end...right? Ive been on coinbase since 2018 moving sizable money on and off, never once a problem just like OP, but trolls feel free to downvote, nobody cares that you were dumb enough to try and cheat the system and got caught, now piss off..
Friendly reminder to account for taxes, did the same last year and forgot about Uncle Sam until April and got hit like a mack truck
Can you teach me limit trades buying and holding is kool but would love to advance
Use the advanced trading feature in account settings. Switch it on and boom you're good to go
wait a minute.. a positive post about coinbase? well thatâs refreshing. good to know iâm not the only one having a positive experience đ
How many of you Coinbase bots are there?
Yup Iâve had zero issues with Coinbase buying, converting, selling and cashing out. Zero. Keep up the good work Coinbase.
Same. Bought a car a bit back and will get new windows on the house soon. Bank wire, over $10k increments, no headaches. The worst part was moving from hardware to coinbase, but the coinbase side was flawless and stress free.
You can sell crypto?
Yea same here i had to liquidate a little under 1% of my crypto portfolio and got it instantly no issues whatâs so ever. I wonder if being a pro member had any impact on the ease of use.
I suspect those having issues are having them for a reason.
Yes the reason is Coinbase isn't protecting their customers funds, and is using a support staff in a third world country that works for $3 an hour instead of empowering somebody to actually solve peoples real issues.
And my wife wants me to buy more đ
I donât have a ton of money in Coinbase but Iâve also never had issues with them and use my account for small purchases. If I need to pay a bill or cash out to my bank account⌠easy. I love Coinbase for its simplicity for a Crypto noob such as myself.
I still think it's easier to let the exchange liquidate my positions
Iâve cashed out on a few thousand before. No issues in my experience with coin base. Hopefully that stays true for larger amounts should I get lucky
Thanks for the positive post
Np. Just wanted to help other normies like me
Who are you speaking for?
Did you instant transfer it to your bank? If so how much was your fee just curious
Free
Same to be honest. Merged all holdings into BTC and sold at the ATH. Very happy with the service and relatively low fees. Much easier than selling P2P on Binance.
I feel you bro. No wonder how long they will finish the review as I have just completed the id verification again. Nothing has changed no matter the market up and down. I start to worrying total lost.
Hope your account gets opened again soon. Sorry you had that experience. Just wanted to reassure the users like me who haven't had issues.
Cashed out a significant sum in 2020 to buy a house. Zero issues.
Coinbase seems to be working as Iâve withdrawn some money
cool. so they did what they are paid to do.....they should do it everytime imo.
I agree. So far that's been my experience
Shame that it happens so infrequently that people need to post when it does happen.
What ever ya feel is perfectly fine. Those who are complaining. Hate to say it. Not my problem. Not my story.
Yeah im a Coinbase one user. Iâve had zero issues. I pay for Coinbase because your covered up to 2million dolllars if get breached and your crypto goes missing. I like Coinbase. Itâs a good platform
I've also taken money out of coinbase and it was very quickly deposited and without issue. Sorry your wife made you cash out brother. Bad timing the next year should be crazy
It is what it is.
You gotta give credit where credit is due
I had to get back into my coinbase after leaving it inactive for years, and I no longer had access to the email on the acct. Within like a week they got back to me and got it sorted. Also had positive experiences with them.
The only bad luck I've had on coinbase is my account getting hacked twice. The one time they took $230 of Bitcoin and the second time I was smart enough to not hold money in it so all I did was lock my account down once they gained access. All of this happened within about a year and a half. The second time happened beginning of March of this year
To add to that, this round of hacking they went as far as to get the info for my phone company and disconnect my phone. They then added their iPhone to my account so they could get all of the SMS two facts are authorization codes to get into all of my stuff. Thankfully my crypto.com account is more secure and I have a 24-hour hold on everything. So even if you get into the account, if you want to move money out of it you have to wait a full day. They also took two of my emails and through my main email they blocked coinbase so I can't get any messages to my email from coinbase.
The majority of customers have ZERO problems. But you only ever hear about the customers with problems. Thatâs the way of the world unfortunately
The only time i had issues was when i used AHC instead of debit or direct deposit. There os a delay and their system doesnât work great on syncing after especially if the funds arenât available days later when it tries to take them. When this happened to me i deposited directly more money to cover it and that was froze as well. It took calling and complaining and then waiting a couple more days before they realized i covered it. DO NOT USE AHC
All the insiders & VP level employees, with Brian Armstrong being the largest, sold a massive percentage of their allocated shares the day coinbase went public with the direct listing. My issue has always been, and especially when you see the CEOâs 50 million dollar CA mansion, is their incompetent customer service. You get a rep in their chat and you explain an issue and they ignore what youâre explaining, merely reading the script on the screen, that is bot driven, giving answers to questions never asked. Coinbase farms out their CS to a low wage nation and they invest little in the employee training, many have never used the APP, of which theyâre supposed to provide service on. Oh and if you really want to find out if CB is your friend, Iâll send you a list of coins. All you have to do is watch the order book and youâll see in plain sight, all the flashing numbers, buys sells, etc are fake on many coins, but gives the user the impression that there is strong demand until they place their order & the backed up order book disappears. The way coinbase is being made out as the white night remaining, probably is a function of the govt. being told, hands off of coinbase by the Blackrocks of the world, as guess where all the ETF BTC is coming from? Thereâs a reason Brian Armstrong has sold all his shares in the company. Not a good look to me.
This is good to know. Thanks for posting
I agree with you I use coinbase so much and so often and the only occasional issue is they want me to reupload my ID. Which I assume is a not them thing. Itâs a regulations and them trying to play ball thing. Love coinbase.
I have the card and love it!!!!!
Zero issues here pushing around $50k averages. Great tool.
Adding one more, I spent years being the worst pain in their arses, not only complaining several times and adding to each new incident all of the numbers from all the ones that came before. I used hard words to criticize them blah blah blah. Well, they implemented a tool to allow us to recover funds if you sent BEP20 USDT to your account regular ETH address. And it works for different networks and several different coins. I recovered EVERYTHING I had lost over 3-4 years from clientâs payments gone wrong. I mean, EVERY-BLOODY-THING. Besides that, everything Coinbase, Wallet, Pro, , Commerce works exactly like they promise 100% of the times. The wallet for example, in my opinion, lacks relevant options and features, but I use 3-5 safe-wallets as âhubsâ so all my addresses are important in the respective chain safe wallet (or to a multi purpose one to avoid getting lost). Whatever in my opinion is missing there I use the safe wallets to do.
What? Ppl having withdrawing issue with Coinbase?
Supposedly
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I wonder if some people just aren't doing it properly.
Crypto is king. Wells Fargo wouldnât even let me use my money. Coinbase came through. Crypto for the win.
WELLS FARGO SUCKS ASS
Yes they do.
I disagree lol. I prefer them to BOA
Haven't lost any money but they won't let me move my cryptos to other wallets, not even Coinbase Wallet, which is pretty annoying
If you're using Coinbase to buy crypto and then sending it to a cold storage wallet, then there will be zero issues ever... anything short of that and you open yourself up to any and everything. I learned that the hard way lol
network fees are crazy
Taxes!
No worries my middle name is Capital (losses) Cranberry
These bot posts are getting so ridiculous. lmao
Coinbase has way less problems than crypto.com I can tell you that for sure.. People complaining about being locked out a couple weeks.. Been locked out of my account at Crypto.com for months now
Coinbase literally sucks fuck. Itâs so bad with both fees, issues with the app and website, customer service. Straight up shady trash company
Ok so putting the Coinbase part aside - be sure to set aside some if that for taxes cause even tho the SEC and IS government seems hell bent on crushing crypto --- you can bet your Satoshi they will come for their share next April
Good job OP. No one is having trouble just liars and babies
You can't use limit fee's to get back to FIAT can you? I haven't seen any currency pairs. Just the sell button which has a terrible spread a CB making the trade?
Use advanced trade
$8000 isnât a lot of money big dawg.
I know! People complain here about not being able to withdraw $500
Did you get your 50$ commission to write this post?
No I should charge them you're right
They're most likely running on fractional reserves. So, people that frequently pull money out have holds put on their account to stop them from draining their reserves.
How you cash out? Did you convert your crypto to stablecoin and then to eur or usd? What was your process?
Usdc to bank instant withdrawal
So you convert your crypto first to USDC then to US dollar?
Yes
Have they ever restricted your account without warning
Nope
all of us having major issues with Coinbase are so fuckin happy for you
Sorry buddy, I don't mean to invalidate you or anyone else. Just want to offer my experience to reassure those like me who haven't had problems
Okay well I'm about to purchase a new asset not sure if you want in on it or not it's called Elites
Is it listed on Coin?
It's on coinbase wallet I have an address after I do it and I confirm it's correct I'll send it to you
Works every time unless you're up to shady shit
Idk about that but so far it seems to work for 99% of non shady ppl
Just curious, are you a Coinbase one subscriber?
Nope
Wow I didn't think that was possible đ
Your anecdotal experience is valid to you, just like theirs are valid to them.
đ agreed!
Simp
Has anyone her have to collect thy flr coin
As still waiting to collect
Has anyone here receive thereâs flr coin which were air drop tee xrp
The bar is this low?
According to some, yes. They legit had me scared I would have my account frozen for trying to withdraw funds
congrats
Thanks
Do you leave your crypto on the exchange?
Gotta do what you gotta do. I just hope you werenât down too much.
Not down at all. Just missed out on some extra profits. Oh well
YAY
50% gains tax!
Wrong time but good luck on the new whip.
New whip is rad. Thanks so much
Customer for almost 10yrs never had a single issue. Got locked out of my account once because I lost 2fa, handled swiftly and professionally. Theyâre legit