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Yikes, that sounds terrible. Hopefully the US can set legislation for this kind of thing. Having people get locked out of their crypto is no good.
by brian-armstrong 7y ago
Yikes, that sounds terrible. Hopefully the US can set legislation for this kind of thing. Having people get locked out of their crypto is no good.
- optimiz3 7y agoTo be fair, I was able to withdraw my funds - when your account gets closed you get told to withdraw everything immediately and go away.
- dajohnson89 7y agoHow much advance notice were you given? What happens if you didnt check your email in time?
- optimiz3 7y agoIn my case I withdrew my funds the day I saw the notice as I wasn't going to wait to find out. To your point, withdrawl of funds where Coinbase is acting as a custodian is something I believe they have to honor due to being a MSB.
- prostoalex 7y agoMy account was shut down for no apparent reason, but I was allowed to supply a "transfer out" address for my wallet.
- csomar 7y agoIt's interesting you didn't address his two points: - Coinbase not having records of your trades (although it's operating from a highly regulated jurisdiction) - Coinbase not communicating why/how accounts are locked. > Having people get locked out of their crypto is no good. Funny thing is that crypto (Bitcoin) was made so that people could hold their own monies instead of relying on a third-party.
- boring_twenties 7y ago> - Coinbase not having records of your trades (although it's operating from a highly regulated jurisdiction) This isn't accurate for active accounts, at least. I use the REST API to pull down my trading history, and it has all of it going back to 2013.
- cachvico 7y ago> Hopefully the US can set legislation for this kind of thing. Surely you can see the irony in that?