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Ask HN: Recourse with Coinbase inexplicably disabling and freezing account?

16 pointsby lisbakkealmost 7 years ago
For one month my trading is disabled and my money is locked in Coinbase and I haven&#x27;t been notified why. I can&#x27;t get any support staff to help unblock it or explain why it&#x27;s blocked in the first place.<p>I&#x27;ve been running a bot that uses ML on Coinbase since February. I don&#x27;t partake in any illegal activity. The bot is successful, and I have good 30-day trailing volume.<p>On June 26th I received an email from Coinbase Support:<p>https:&#x2F;&#x2F;pastebin.com&#x2F;hfBvEwcV<p>They disabled my ability to transfer any of my funds and to trade. My money is locked in the platform!<p>I&#x27;ve responded to this message and had dead silence. After multiple attempts to reach out to their support, I received a message from them on July 12th (16 days after being locked!):<p>https:&#x2F;&#x2F;pastebin.com&#x2F;TEQFCfEA<p>It&#x27;s now ONE MONTH since the original email, and TWO WEEKS since they said they would follow up. I&#x27;ve made more support tickets and contacted their twitter accounts. I&#x27;m getting dead silence.<p>I thought Coinbase was the safe and mature platform for US traders to trade on? My money is locked in the platform and I haven&#x27;t been notified why.<p>Do you guys have any advice?<p>UPDATE:<p>I called into their hotline (didn&#x27;t realize I could call in) and made no progress. Their general support staff, and supervisor, were in the dark as to why the &quot;specialist&quot; had not finished reviewing my case. They didn&#x27;t know when the &quot;specialist&quot; would be done nor why my account had been disabled in the first place.<p>They best they could do was send the &quot;specialist&quot; another email to ask how things were going -- but there will be no visibility on that to me.

5 comments

readandweepalmost 7 years ago
I was in a similar situation months ago, and then I filed a complaint with the CFPB and my issue was dealt with the next day.<p><a href="https:&#x2F;&#x2F;www.consumerfinance.gov&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.consumerfinance.gov&#x2F;</a>
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justboxingalmost 7 years ago
I would suggest posting on 1 or more of the sub-reddits. In the past, I&#x27;ve seen exchanges ( GDAX, Bitstamp etc) respond to threads if it lands on the front page.<p>It looks like <a href="https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;CoinBase&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;CoinBase&#x2F;</a> is being moderated by Coinbase employees, so posting there may or may not work...<p>Try the others like <a href="https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;CryptoMarkets&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;CryptoMarkets&#x2F;</a> and&#x2F;or <a href="https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;cryptocurrency&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;cryptocurrency&#x2F;</a>
mancerayderalmost 7 years ago
How long has your account been open? Did you already get everything verified (ID)? And are you in the US or outside?
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bsvalleyalmost 7 years ago
Try to remove your bank account from your coinbase account, then re-attach your bank account.
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samueldavidalmost 7 years ago
centralization is not always good, i hope you get your account back.
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