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Author Topic: Coinbase After 5 days, we will automatically sell cryptocurrency in your account  (Read 319 times)
Mulann2
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December 30, 2020, 08:40:14 PM
 #21

This exchange will never stop to amaze me, I thought only bittrex are the soar ones who will sell your crypto funds on your behalf while your account is blocked,  so what is the reason for the account blocked exactly! Did your account got involved in any shady activities,  
I  am not sure but I dont think binance will not act this way, I see them as more flexible than rest of them all.
Twinkledoe
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December 30, 2020, 08:48:09 PM
 #22

This exchange will never stop to amaze me, I thought only bittrex are the soar ones who will sell your crypto funds on your behalf while your account is blocked,  so what is the reason for the account blocked exactly! Did your account got involved in any shady activities, 
I  am not sure but I dont think binance will not act this way, I see them as more flexible than rest of them all.

This is the reason why I trust Binance more than these exchanges. But even if I trust Binance, I don't store my coins over there. After every trading, I send my coins to my own wallet. I guess, every crypto user should learn a lesson that we should not ever store our coins for long term in exchanges. As others haves, not your keys, not your coins.
Anonylz
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December 31, 2020, 02:17:06 PM
 #23

This exchange will never stop to amaze me, I thought only bittrex are the soar ones who will sell your crypto funds on your behalf while your account is blocked,  so what is the reason for the account blocked exactly! Did your account got involved in any shady activities, 
I  am not sure but I dont think binance will not act this way, I see them as more flexible than rest of them all.

This is the reason why I trust Binance more than these exchanges. But even if I trust Binance, I don't store my coins over there. After every trading, I send my coins to my own wallet. I guess, every crypto user should learn a lesson that we should not ever store our coins for long term in exchanges. As others haves, not your keys, not your coins.

Exactly, you can always do trading with centralize exchange but don't leave your funds for too long in there especially with the likes of coinbase, don't get me wrong, i know many people seem to trust that exchange too much but they are very quick to do stuff like this, block accounts without any reason or with just little reason,
between i don't understand how @op was so comfortable leaving his btc in coinbase wallet for longer than necessary, don't be so trusting with any exchange as long as you don't have control of your p/keys, and yeah, i don't usually hear of this kind of situation from binance users, i hope they will continue to stay true to their users.

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