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Author Topic: Coinbase Locked my Bitcoin for 72 Hours.  (Read 255 times)
uray
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October 11, 2019, 06:04:39 AM
 #21

Is it because you probably bought some crypto through it?
If yes, then am wondering why the wouldn't ask you to verify at first when you where trading your fiat for crypto?
I do not think that the OP purchased coins from coinbase as you need to verify everything before making a purchase, may be he used to collect the coins in coinbase and then withdraw it to his wallet and that is when the problem occurred by the way he explained.

This is Crazy. I don't use coinbase often I thought i can trust them with small amounts they are not worth it. Crypto space is fu** up with people like this. Now I need to win 72 Hours for using Coinbase.
Coinbase does ask for KYC and since you are not ready to provide that and still you are able to withdraw the coins after 72 hours is not a bad thing. All these online wallet comply with strict KYC/ AML and you have to expect that.
timerland
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October 11, 2019, 06:18:52 AM
 #22

Never been asked for KYC upfront, when was this? My experience with them was 2 years or so ago I think, and it was actually fine.
I want to say 2018 sometime. Can't remember exactly what the circumstances were. I believe I was wanting to buy coins, or they had a promo. I'm not U.S based so it could have had something to do with that. It's been so long I can't remember for sure the what or why. It definitely wasn't just to use their wallet or anything like that.

Reading the first part of your post, that seems more inline with what I checked them out for.
Ah, that does sound a lot more possible, I couldn't imagine any popular Bitcoin service asking for extensive ID from the get go, and Coinbase operates pretty similar to a bank, but less stricter from the looks of it.

Is it because you probably bought some crypto through it?
If yes, then am wondering why the wouldn't ask you to verify at first when you where trading your fiat for crypto?
I do not think that the OP purchased coins from coinbase as you need to verify everything before making a purchase, may be he used to collect the coins in coinbase and then withdraw it to his wallet and that is when the problem occurred by the way he explained.

This is Crazy. I don't use coinbase often I thought i can trust them with small amounts they are not worth it. Crypto space is fu** up with people like this. Now I need to win 72 Hours for using Coinbase.
Coinbase does ask for KYC and since you are not ready to provide that and still you are able to withdraw the coins after 72 hours is not a bad thing. All these online wallet comply with strict KYC/ AML and you have to expect that.
72 hours might not seem like a lot to you, but OP is waiting 3 days for something that should be instant, and it's pretty annoying. If OP did purchase coins of Coinbase, he would need ID to do that, I think he's just using it as a wallet for now.

Smiley
magneto
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October 11, 2019, 11:54:17 AM
 #23

So I was sending Over .03BTC From my Coinbase wallet to Electrum. I suddenly received SMS on my mobile and email. They want photo ID to complete this withdrawal Right now but I don't want to provide the photo ID. Now my funds locked up for 72 Hours.

Quote
Unfortunately, your withdrawal of 0.0300 BTC on October 10, 2019 at 09:11am PDT has been delayed.

Your funds are secure, and this delay will not affect the sale price of your digital currency. We have delayed this withdrawal for 72 hours to ensure it is authorized activity. You can view the affected withdrawal here.

If you initiated this withdrawal, no action is required and your withdrawal will automatically complete after 72 hours.

If you did not initiate this withdrawal, or believe it is unauthorized activity, you can cancel it at any time during the delay period. You should also disable sign in for your account.

@OP, Have you tried downloading the coinbase app?

Cancel the pending withdrawal from your web client now, download the app, sign into your account as normal and request the withdrawal again. I learned this from a forum somewhere when I had the same issue and my withdrawal was pending, and after requesting it through the app it went through instantly with no holds.

Take a look at these two threads, I learned it from them:
https://www.reddit.com/r/CoinBase/comments/7oanss/this_withdrawal_will_be_delayed_for_72_hours/
https://www.reddit.com/r/CoinBase/comments/7jyljy/transaction_delayed_for_72_hours_at_coinbase/

I'm not sure if this is still a viable option (they could have fixed it), but it's worth a try. Otherwise, you'd just have to wait. It's infruriating, I know.
Murat (OP)
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October 11, 2019, 12:50:36 PM
 #24

Update - Solved.

So I had to do a few ways to get my Bitcoin instantly. I did log out and sign in the back but nothing happens. I changed my Ip and it worked out.

I need clear few things -

I don't trade on Coinbase only use them as an online wallet.

At op either send a real id or stop complaining.

I have no problem to send out id but why I should send out photo id for using an online wallet? when I can use plenty of online trusted wallet without providing KYC.

I think bitcoin gives people Privacy but this platform doing the opposite while their businesss is related to Bitcoin & Crypto.

Locking this topic now since the problem solved and to prevent spam.

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