The title here is misleading, I went in expecting that Coinbase stopped withdrawals for 48 hours, which is not the case. They changed how long you have to wait before you can start using a brand new address. And after you wait 48 hours, you can use that address with no delays of any kind. Does not seem that nefarious to me.
"security enhancement" - more like arbitrarily preventing people from taking out the contents of their account to prevent the crypto version of a bank run, because crypto in general is having a meltdown/catastrophe.<p>same idea as locking the bank doors and turning off the ATMs when some nation state has a catastrophic bank run.
There is no timestamp on that page. Is this a recent change?
I have whitelisting enabled and the 48-hour mandatory wait for new addresses has been there for, I guess, at least 2 years now.
This is a well established feature and TBH I think a really good one in an environment where there is no reversing transfers.<p>Honestly this post feels like it is trying to spread fear on the back of other providers halting withdrawals.
As somebody who holds a <i>substantial</i> amount of cryptocurrency on coinbase: good. I like seeing stuff like this.<p>I am well aware of not your keys not your coins. Yes, I am essentially hiring coinbase as a custodian to manage the security for my coins.