Coinbase Blues

AngryLoner

I got the email from Coinbase to tell me that they have frozen my account for no good reason in order to "review my account". I already did my KYC with them. They told me that it would take 1 - 3 months but I'd be able to withdraw my funds. I already go the bulk of it out before they freezing, but I have some DOT in there I want to transfer out but withdrawl is disabled (in red).

Anybody else go through this? In an ideal world I would never to back to these bastards, but how else can I return to FIAT eventually?

Happened to me a good while ago. It got sorted within a couple of weeks though.

Elessar

https://www.boards.ie/discussion/2058206694/coinbase-blues

Switch to CoinMetro. EU based, fully regulated, instant SEPA Euro deposits/withdrawals, 5 star 24/7 support where you can actually chat with someone within a few minutes. Great liquidity, great community, lower fees than Coinbase and they don't freeze accounts randomly. Signup and KYC takes about 2 mins. I've been with them for a few years and sing their praises as often as I can. You can speak directly to the CEO and the team on Telegram and he does weekly AMAs. I won't even shill you a ref link:

https://www.coinmetro.com

Also they have the highest crypto exchange TrustPilot score of 4.9 (quite a few Irish reviews there too):

https://ie.trustpilot.com/review/coinmetro.com

I honestly haven't touched Coinbase since I switched.

mcriot29

https://www.boards.ie/discussion/2058206694/coinbase-blues

Did you get a reason why they froze your account they have to tell you had you added any funds lately like large amounts

they may want proof of funds

mcriot29

https://www.boards.ie/discussion/comment/117829149#Comment_117829149

What did they do that for what was the reason in the end

AngryLoner

https://www.boards.ie/discussion/comment/117837889#Comment_117837889

No reason given. Just that they have to comply with regulations etc. No funny business on my end :)

I'm so glad I got all my USDC out.

mcriot29

Yes so what did they ask you for on your end how long did it take

https://www.boards.ie/discussion/comment/117843504#Comment_117843504

In my case nothing. I just got an email saying my account was ok and I could trade again.

gordongekko

Be careful you aren't being scammed. I got a similar email a while ago with a link in it to click. It looked very real. But I went and logged onto the app directly instead of the link in the mail and everything was fine and I've had no issues.

madmoe

Hi all,

Just ordered a Ledger Nano X. Say I have all my private keys on it and Coinbase then freeze my account, can I transfer it to somewhere like CoinMetro easily?

Thanks

Elessar

https://www.boards.ie/discussion/comment/117980152#Comment_117980152

Yeah, its a wallet just like any other. Once you KYC'd on coinmetro you should be good to go.

madmoe

https://www.boards.ie/discussion/comment/117981461#Comment_117981461

Excuse my ignorance but what does KYC mean? Proof of identity etc?

Thanks

Yeah effectively proof of identity. Stands for Know Your Customer.