Coinbase cancels Bitcoin transactions after you have gone through their verification process and have withdrawn funds from your account. I purchased two Bitcoin for $696 each waited seven days to receive them, then was notified that my purchase had been canceled. It cost me $400 profit and the opportunity to move into Quarks. I am doubtful about that my money will be returned.

I read complaints on their site and their Facebook page that they were doing this. I didn't think it would happen to me. They blame it on an algorithm. I may not get back my $1400. Others have the same complaint. Legal action may be necessary.

This warning is that Coinbase cancels transactions, holds your money, does not follow through on their representations and does this repeatedly.


Use Coinbase at your peril.