Recently, there have been user reports on social media indicating that Coinbase is restricting accounts without providing adequate explanations. This has caused frustration among users, particularly as the value of many coins and tokens is at an all-time high. Even verified long-term users and high-profile crypto influencers have been affected by these restrictions. As a result, users are flocking to other platforms such as Kraken, Crypto.com, Binance, and Bybit for their trading and cashing out needs. Some users have also experienced restricted access to their assets or transfers, leading to potential losses. Coinbase has stringent rules and can change trading limits or ban users from accessing their accounts, without needing to provide a rationale. The use of VPNs and certain apps or ad blockers have triggered account flagging, which can result in accounts being frozen or the ability to send funds being restricted. This has led to many users expressing their dissatisfaction with Coinbase, with some even calling for a boycott of the platform under the hashtag #deleteCoinbase. Despite these issues, Coinbase still maintains a high reliability score.
- Content Editor ( cryptopolitan.com )
- 2024-12-06
Users report Coinbase restrictions – Here’s what can lead to account flagging