Bitcoin Forum
January 20, 2019, 02:28:49 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: My Coinbase account closed, Help please!  (Read 10005 times)
darklus123
Hero Member
*****
Offline Offline

Activity: 882
Merit: 515


https://smartoptions.io/


View Profile
January 24, 2017, 11:39:02 AM
 #21

Thats bad. If I am not mistaken you were verified because of their KyC policy right? and if so there is no way that you could create a new account and verify it again because you were already marked. However coinbase is really something crazy about closing their users account for the reason that they don't like where did you spent your bitcoin

Field-Tested     ◆ Constantly Monitored       ◆ Performance Checked      ◆ Math-based Rating 
SMARTOPTIONS.io      Binance Signals | Bitmex Signals | Discord Signals
1547994529
Hero Member
*
Offline Offline

Posts: 1547994529

View Profile Personal Message (Offline)

Ignore
1547994529
Reply with quote  #2

1547994529
Report to moderator
1547994529
Hero Member
*
Offline Offline

Posts: 1547994529

View Profile Personal Message (Offline)

Ignore
1547994529
Reply with quote  #2

1547994529
Report to moderator
1547994529
Hero Member
*
Offline Offline

Posts: 1547994529

View Profile Personal Message (Offline)

Ignore
1547994529
Reply with quote  #2

1547994529
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1547994529
Hero Member
*
Offline Offline

Posts: 1547994529

View Profile Personal Message (Offline)

Ignore
1547994529
Reply with quote  #2

1547994529
Report to moderator
samsonn25
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1003



View Profile
December 24, 2017, 06:41:25 AM
 #22

I am assuming Coinbase closed my account for sending 20 btc through Gdax to kraken, even though they gave me no explanation.
BitHodler
Legendary
*
Offline Offline

Activity: 1148
Merit: 1098


View Profile
December 24, 2017, 02:25:20 PM
 #23

I am assuming Coinbase closed my account for sending 20 btc through Gdax to kraken, even though they gave me no explanation.
That makes no sense. It's very likely something you have done that doesn't fit in their set of strict rules. Coinbase is probably the only exchange with a verification policy being so strict, which in current days is well known.

I personally find them a bit too strict, but if you sign up there, you directly agree to all their terms, so even if you don't like them, it's something you will get effected by, and it seems that for you it already happened.

Just wait for them to come up with a reason as to why they have blocked/closed your account. I am 75% certain that it has to do with your account limitations/verification, and 25% might be them suspecting you of illegal activity.

samsonn25
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1003



View Profile
December 24, 2017, 03:23:19 PM
 #24

The email said violating terms of service.

My I'd was already validated. I had 500k wallet limit. 100k daily limit.

Their fees are outrageous
stomachgrowls
Hero Member
*****
Offline Offline

Activity: 924
Merit: 530


Crypto-Games.net: Multiple coins, multiple games


View Profile
December 24, 2017, 03:25:10 PM
 #25

I am assuming Coinbase closed my account for sending 20 btc through Gdax to kraken, even though they gave me no explanation.
That makes no sense. It's very likely something you have done that doesn't fit in their set of strict rules. Coinbase is probably the only exchange with a verification policy being so strict, which in current days is well known.

I personally find them a bit too strict, but if you sign up there, you directly agree to all their terms, so even if you don't like them, it's something you will get effected by, and it seems that for you it already happened.

Just wait for them to come up with a reason as to why they have blocked/closed your account. I am 75% certain that it has to do with your account limitations/verification, and 25% might be them suspecting you of illegal activity.
20 btc directly on coinbase would really get their attention regarding on such transaction and as being said they are really very strict when it comes into transactions involving large amounts already.Its quiet odd for them to block you if you do know you aren't doing something illegal that would really violate their ToS which the thing you can do is to comply on what they are requiring on such verification.


▄▄▄████████▄▄▄
▄██████████████████▄
▄██████████████████████▄
██████████████████████████
████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
████████████████████████████
██████████████████████████
▀██████████████████████▀
▀██████████████████▀
▀▀▀████████▀▀▀
   ███████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
███████
BTC  ◉PLAY  ◉XMR  ◉DOGE  ◉BCH  ◉STRAT  ◉ETH  ◉GAS  ◉LTC  ◉DASH  ◉PPC
     ▄▄██████████████▄▄
  ▄██████████████████████▄        █████
▄██████████████████████████▄      █████
████ ▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄ ████     ▄██▀
████ █████ ██████ █████ ████    ▄██▀
████ █████ ██████ █████ ████    ██▀
████ █████ ██████ █████ ████    ██
████ ▀▀▀▀▀ ▀▀▀▀▀▀ ▀▀▀▀▀ ████ ▄██████▄
████████████████████████████ ████████
███████▀            ▀███████ ▀██████▀
█████▀                ▀█████
▀██████████████████████████▀
  ▀▀████████████████████▀▀ 
✔️DICE           
✔️BLACKJACK
✔️PLINKO
✔️VIDEO POKER
✔️ROULETTE     
✔️LOTTO
bitcoinrecharge
Newbie
*
Offline Offline

Activity: 17
Merit: 0


View Profile
December 24, 2017, 03:29:08 PM
 #26

So I received a very vague email from Coinbase a couple days ago that they have closed my account.  They gave me no reason, but I suspect it has to do with sending funds to a certain vendor.  This vendor does not offer anything illegal, so it was especially frustrating when getting the email.  I am a US citizen and from what I have researched Coinbase is the best "all in one" company with a good IPhone app to buy/sell and store Bitcoin.  So now I'm curious of the best "all in one" companies that also hopefully have a good iphone app, not named Coinbase.  Also curious if anyone know if I would be able to open another coinbase account in the future at some point, or am I banned for life?  Thanks to any and all for your advice!

This is what happens when you choose to use web wallet, where you dont have control over the wallet key and any time they can close your wallet. It is much better that you go for desktop wallet - Electrum where you are in control of the private key of the address you are going to use and their is no restriction in using this wallet any where you want.
samsonn25
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1003



View Profile
December 24, 2017, 03:30:51 PM
 #27

No, i deposit 99k into coinbase fiat wire. Then transfer to gdax to buy btc. Then send 20 btc to Kraken to daytrade. 
teddy5145
Hero Member
*****
Offline Offline

Activity: 714
Merit: 523


View Profile
December 24, 2017, 04:36:13 PM
 #28

Have you verified your Coinbase account?
If you do, I'm pretty sure you are banned for good as your data are still inside their server and Coinbase might ban you again when they found out the same data has been submitted by a banned customer.

Have you reached their support regarding your ban?
It's weird as you don't have any suspicious activities based on your story.
LEINADbtc
Member
**
Offline Offline

Activity: 235
Merit: 10


View Profile
December 24, 2017, 04:44:55 PM
 #29

A reason why I hate coinbase...
With them, the whole cryptocurrency loses its meaning.
They have some PP people there, correct? I'll stay away.

——< Datecoin | The fastest successful match. The hottest ICO ever. >——
ANN | Medium | Twitter Facebook | LinkdedIn | Telegram
Wipro
Hero Member
*****
Offline Offline

Activity: 854
Merit: 512


quarkchain.io


View Profile WWW
December 24, 2017, 05:02:38 PM
 #30

No, i deposit 99k into coinbase fiat wire. Then transfer to gdax to buy btc. Then send 20 btc to Kraken to daytrade. 

I am using Coinbase around 1 year and more but I do not find any issue with them but one thing I didn't use it for huge amount usage. Why the fund lose for you alone bro. There is above reported people I found more here in this thread alone.
Will I have swap my wallet to desktop wallet or something else. Can I have suggestions.

WIPRO CAMPAIGN MANAGEMENT
samsonn25
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1003



View Profile
December 24, 2017, 05:41:35 PM
 #31

Have you verified your Coinbase account?
If you do, I'm pretty sure you are banned for good as your data are still inside their server and Coinbase might ban you again when they found out the same data has been submitted by a banned customer.

Have you reached their support regarding your ban?
It's weird as you don't have any suspicious activities based on your story.

Maybe they just dont like me sending my money to a competitor, in this case Kraken.

Maybe this is a good thing because the IRS is on their ass.   idk

JayJuanGee
Legendary
*
Offline Offline

Activity: 1778
Merit: 1514


How much alt coin diversification is needed? 0%?


View Profile
December 24, 2017, 11:37:16 PM
 #32

Have you verified your Coinbase account?
If you do, I'm pretty sure you are banned for good as your data are still inside their server and Coinbase might ban you again when they found out the same data has been submitted by a banned customer.

Have you reached their support regarding your ban?
It's weird as you don't have any suspicious activities based on your story.

I doubt that the term "ban" is correct; however, they seem to have lock that account based on what seems to them to be activities that go beyond their terms of service... Even if bitcoin were $13k, it would be $260k to transfer 20BTC, and doesn't the guy have a $100k daily limit?  Surely,  there may be a way to unlock the account with an explanation which had been done here, in this thread. 

I have had accounts and/or transactions locked when they raised red flags, and sometimes it can be irritating and take a bit of time to resolve, and sometimes it can be resolved quickly.

And, yeah, in the good ole days, 20btc did not add up to very much money, and even 200 btc may have been transferred without problems, but times have changed, both in terms of the value of BTC, but also the seeming scrutiny that Coinbase is receiving and perhaps Coinbase is going a bit above and beyond what they are required to do in order to attempt to stay ahead of the game, to some extent, with the help of algorithms, too.

Put BTC here: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA

How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
samsonn25
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1003



View Profile
December 24, 2017, 11:39:50 PM
 #33

They suspended my account.  They told me to sell all by eth and btc before they closed it, which it what I did.   Now I dont have account to log in
JayJuanGee
Legendary
*
Offline Offline

Activity: 1778
Merit: 1514


How much alt coin diversification is needed? 0%?


View Profile
December 24, 2017, 11:56:06 PM
 #34

They suspended my account.  They told me to sell all by eth and btc before they closed it, which it what I did.   Now I dont have account to log in


Fair enough.

Sounds like you were not able to resolve the matter and to provide them with whatever information that they felt necessary to feel comfortable with you as a customer - whether that was KYC or AML issues, or something else.  I am sure that they provided an explanation to you, and you can already see that you went beyond some of their terms of service, no?

I am not any kind of defender of Coinbase because they piss me off in various ways in terms of their seeming involvement in bitcoin politics - yet they have legitimate business reasons to screen out customers who have potential problems and potential holes in their story, whether those holes are with KYC or AML. 

It is best that if you are using these kinds of services, don't engage in behavior that is going to raise those kinds of red flags for them.  Further, they are not stealing your money because they are giving you are reasonable amount of time to withdraw your value from your account and send it wherever you would like.

Four years ago there were less than 10 significant exchanges, but these days there are close to two hundred, so you have many options.  Further, there could be a way that in the future, you either clean up your act or perhaps you are going to be able to open another account with them.

Put BTC here: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA

How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
howtobuy
Member
**
Offline Offline

Activity: 107
Merit: 100


View Profile
December 25, 2017, 06:19:35 PM
 #35

Big exchanges are infamous for closing accounts,  freezing funds and not giving proper explanations. They have millions of clients and dont have time for your questions. Therefore better work with smaller but reliable exchanges
JayJuanGee
Legendary
*
Offline Offline

Activity: 1778
Merit: 1514


How much alt coin diversification is needed? 0%?


View Profile
December 25, 2017, 09:28:58 PM
 #36

Big exchanges are infamous for closing accounts,  freezing funds and not giving proper explanations. They have millions of clients and dont have time for your questions. Therefore better work with smaller but reliable exchanges


That is a bit too skeptical. 

If you do not have a bunch of weird transactions going on through your account (especially BIG ones), and you have legitimate, plausible or reasonable explanations for your transactions, and your source of cash and/or your identity verification, then sure they should want to keep you as a customer - otherwise you are correct, if you are raising scam and/or illegal red flags, they are going to have little tolerance for that (perhaps approaching zero tolerance, or at least the appearance of zero tolerance) because they do not want to get shut down and have their license taken away or to pay outrageous fines.

It's like some of the behavior of bar and club owners in the USA in the past 20 years or so, they have become very rigid about checking IDs to verify age because they do not want to have their liquor license taken away because they get caught serving liquor to a minor... so they have a zero tolerance policy and they are not very nice about it when they find someone in their establishment who is under aged.  They can lose a lot of money if they lose their license.

Put BTC here: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA

How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!