Myself and what appears to be a hundred other people are waiting for thousands of dollars in wires for the past month.<p>No way to get a response from Coinbase other than occassional Reddit replies. Phone support claims to investigate and no reply again. Status page has been showing fluctuating numbers (e.g. "up to 5 business days") but about a month already in my case.<p>https://www.reddit.com/r/CoinBase/ for many such stories.<p>https://www.reddit.com/r/CoinBase/comments/7mpk7s/upvote_is_your_wires_withdrawals_are_from_dec/<p>https://www.reddit.com/r/CoinBase/comments/7o6nqb/880000_withdrawal_delay/<p>https://www.reddit.com/r/CoinBase/comments/7o4tgz/please_help_coinbase_lost_my_8000_usd_wire/<p>https://www.reddit.com/r/CoinBase/comments/7o7wxa/its_time_for_organized_legal_action/<p>https://www.reddit.com/r/CoinBase/comments/7nnqxx/us_wire_transfers_from_coinbase_to_bank_from_dec/<p>https://www.reddit.com/r/CoinBase/comments/7mpk7s/upvote_is_your_wires_withdrawals_are_from_dec/<p>https://www.reddit.com/r/CoinBase/comments/7kwllo/stop_giving_lies_and_false_hope_with_up_to_3_days/<p>https://www.reddit.com/r/CoinBase/comments/7kt75b/coinbase_not_paying_out_i_transferred_26k_by_wire/<p>https://www.reddit.com/r/CoinBase/comments/7mcy2n/up_vote_if_your_wire_withdrawn_from_1212_1215/<p>https://www.reddit.com/r/CoinBase/comments/7nntqf/waiting_for_30k_wire_for_two_weeks_already/<p>https://www.reddit.com/r/CoinBase/comments/7o6oyv/list_of_cases_for_olga_from_coinbase_sepa_and/<p>And many more.<p>Hoping this is just growing pains, but the lack of communication is scary.
I know it's not the same thing, but this is seemingly an issue with Coinbase as I had issues with them back in early 2016.<p>I had to get my bank involved with a purchasing issue from Coinbase. They declared the charges as fraudulent since I couldn't get a response from anyone at Coinbase. This was back in early 2016 before the recent crypto madness too...
There's a non-trivial chance that the Bitcoin bubble will burst because of some drastic event from Coinbase (or another exchange, like Binance). There is some incredibly suspicious activity going on there including:<p>- The fact that the coins land in your account weeks after you've purchased it (presumably to stop a bitcoin run?)<p>- Inability to pay their users.<p>- their exchange GDAX is known for having spoof buy and sell orders that disappear sporadically (this is illegal in regulated markets).<p>- the whole Bitcoin cash fiasco<p>I'm OK with speculating and bubbles, but not manipulation.
It is a common situation in bubbles that high trading volumes cause market infrastructure to break down. A particularly extreme case was U.S. stocks circa 1968<p><a href="https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation" rel="nofollow">https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_...</a>
They sent an email yesterday that they have a backlog and are working on getting wires out just yesterday.<p><a href="https://status.coinbase.com/incidents/p9r8swts79xd" rel="nofollow">https://status.coinbase.com/incidents/p9r8swts79xd</a><p>google search that took .00001 seconds