A nube with questions about coinbase

[reygreg]

I have read a few articles about people having there coinbase accounts locked and not being able to get to there Bitcoin or money they have.

If I sell my bitcoin and other currency I have in my wallet what are the chances they freeze my account. Also why would they freeze any accounts

Thanks for the help in advance

[1715035401]

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[1715035401]

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[ranochigo]

Read their terms of service. Will you violate any of their terms when making transactions?

The most common reason why they would freeze accounts is to comply with regulatory requirements. They may occasionally suspend account on the basis that you're engaging in activities such as gambling if the source of your transaction is linked to a gambling website. So yes, they do track your transactions.

[zilwin]

They locked me from financing my new account with fiat USD.  I am new to Crypto so i wanted to start slow and get a sense of how the whole transaction process worked before committing larger dollars.  I ACH deposited $2k to my new account no problem and promptly bought crypto with half.  I then ACH deposited $2k more and bought some more BTC.  Went to ACH more fiat and account was locked for 21 days.  Email to support was useless as they would not give any explanation as to why my account was locked.  As the price of BTC rose hyberbolically (Nov 2020), I was prevented from buying more due to the lock on my account.  In the meantime I opened an account on an different exchange with lower conversion rates and emptied my Bitcoin account when they unlocked it, never to use it again.

[xcaret]

Here in Canada all Major banks and credit unions won't allow their clients to transfer cash to or from any crypto exchanges . I read the bank of america has the same policy. I didn't check farther because I'm Canadian .

Some places offer prepaid credit cards , but first you might want to check all the fees . I had a credit card once that I paid the annual fee plus % of each transaction .it wound up at 15% ,just for the card.
I don't know about peer to peer . You better ask a lot of questions.
And never invest more than you can afford to loose.  

[mk4]

Chances are low, but it's still definitely not something you should just scoff at.

You should mostly be fine as long as you follow their rules and requirements and that you don't directly transact with 'controversial' websites like gambling websites(not sure with porn sites, but better safe than sorry); but also don't forget that false accusations exist.

[dansus021]

Here in Canada all Major banks and credit unions won't allow their clients to transfer cash to or from any crypto exchanges . I read the bank of america has the same policy. I didn't check farther because I'm Canadian .

Some places offer prepaid credit cards , but first you might want to check all the fees . I had a credit card once that I paid the annual fee plus % of each transaction .it wound up at 15% ,just for the card.
I don't know about peer to peer . You better ask a lot of questions.
And never invest more than you can afford to loose.  

yes i think the only things we can do is using prepaid credit card that accept bitcoin or just go directly to OTC and exchange it and u should consider the broker fee or using localbitcoin apps

Chances are low, but it's still definitely not something you should just scoff at.

You should mostly be fine as long as you follow their rules and requirements and that you don't directly transact with 'controversial' websites like gambling websites(not sure with porn sites, but better safe than sorry); but also don't forget that false accusations exist.

and some investment or unusual transaction happen to your account it can lead freeze account

[Tamim121]

I have read a few articles about people having there coinbase accounts locked and not being able to get to there Bitcoin or money they have.

If I sell my bitcoin and other currency I have in my wallet what are the chances they freeze my account. Also why would they freeze any accounts

Thanks for the help in advance

I also have face this problem. Coinbase freeze my account. I lost some Ethereum and Bitcoin. That was so pathetic. I can't get back my account. I think this problem should be overcome by the coinbase team. Otherwise everyone need to avoid coinbase.

[michellee]

I have read a few articles about people having there coinbase accounts locked and not being able to get to there Bitcoin or money they have.

If I sell my bitcoin and other currency I have in my wallet what are the chances they freeze my account. Also why would they freeze any accounts

Thanks for the help in advance

Assume you are a verified member on Coinbase, and you want to sell your bitcoin and other currency, I do not think that Coinbase will freeze your account if you do not break their TOS. But if you break their TOS, they can freeze your account, and you can not access your account, and you need to ask them to open your account. We do not know why they freeze their members' accounts, but I think they will use many reasons to do that thing. I think that is why people do not like to use Coinbase. You can search for the other exchange to buy and sell crypto, so you do not get any problem in the future.

[hilariousetc]

I've been using it for years with no problem as have a couple of friends. I even just sold a huge lump sum using them and the money was in my bank account within an hour. If you send coins there linked from a dodgy source then you might have issues but other than that and it's very expensive fees for buying and selling it's fine, but those are the costs of convinience.