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Never use Coinbase for anything. I tried to transfer my regular ETH out today - and they locked transfers on my account "to protect me from scams". After id ve
by vl 4y ago
Never use Coinbase for anything.
I tried to transfer my regular ETH out today - and they locked transfers on my account "to protect me from scams". After id verification they said that it maybe will be unlocked in the week.
Looks like they are blocking ETH transfers so they can keep (and flip) ETH-PW for themselves.
- robcohen 4y agoI had a fun issue with coinbase where they locked my account due to KYC issues. Which is funny, because I've been a customer for a decade. They locked my account and asked me to provide sources of funds. They didn't specify which funds, so I guess they wanted all funds ever? I inquired and two months later I got a cut and pasted response that just repeated the initial request. Coinbase customer support couldn't help, and there was no escalation mechanism. So I just submitted a random collection of funds explanations. 4 months later my account was unlocked. Super cool. I already used Kraken for everything but now I'll use Kraken while really disliking Coinbase.
- nathanasmith 4y agoI had a situation like that with Robinhood and ended up just writing a long email detailing my job history and previous trading experiences. It was enough to satisfy them and my account was unlocked the same day.