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Centralized exchanges should only ever be used to convert between fiat and crypto. Once you've bought your crypto, get it the hell off the exchange. I also had
by JSavageOne 4y ago
Centralized exchanges should only ever be used to convert between fiat and crypto. Once you've bought your crypto, get it the hell off the exchange.
I also had a terrible experience with Coinbase once in the past where they locked my account for no reason and wouldn't let me purchase or sell. Thankfully it self-resolved in a couple days, but left a pretty bad taste in my mouth, though I haven't had any incidents since then.
Unfortunately centralized exchanges all seem to have atrocious customer support and are a risk. Not sure what can be done as a customer other than to minimize exposure to them as much as possible. Coinbase definitely needs more serious competitors in the U.S>
- skellera 4y agoCoinbase is terrible. I’ve tried signing up and they won’t let me because they’ve tagged my SSN with fraud but won’t tell me why. CS is nonexistent. But it’s okay, thanks Coinbase for helping me avoid you. Terrible company and service.