What negative experiences have users had with Coinbase's services?

10 answers

• Nov 24, 2021 · 3 years ago
  I've heard some users complain about Coinbase's customer support. They say that it takes a long time to get a response and sometimes their issues are not resolved satisfactorily. One user mentioned that they had a problem with a transaction and it took several weeks for Coinbase to address it. This kind of delay can be frustrating, especially when dealing with financial matters.
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• Nov 24, 2021 · 3 years ago
  Another common complaint is about Coinbase's fees. Some users feel that the fees charged by Coinbase are too high compared to other exchanges. They mention that there are alternative platforms that offer lower fees and better rates. It's important to compare fees and rates before choosing a cryptocurrency exchange to avoid unnecessary expenses.
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• Nov 24, 2021 · 3 years ago
  As an expert in the field, I have seen some negative experiences with Coinbase's services. One issue that stands out is the occasional delay in processing transactions. This can be particularly problematic during times of high market volatility when every second counts. It's crucial for users to be aware of this potential delay and plan accordingly.
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• Nov 24, 2021 · 3 years ago
  I've come across complaints about Coinbase's account verification process. Some users have reported difficulties in getting their accounts verified, which can limit their access to certain features and services. Coinbase should work on streamlining the verification process to ensure a smoother user experience.
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• Nov 24, 2021 · 3 years ago
  I've noticed that some users have expressed concerns about the security of Coinbase's platform. While Coinbase has implemented various security measures, including two-factor authentication, some users still worry about the safety of their funds. It's always a good practice to use strong passwords and enable additional security features to protect your cryptocurrency holdings.
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• Nov 24, 2021 · 3 years ago
  I've heard mixed reviews about Coinbase's mobile app. Some users find it user-friendly and convenient, while others have experienced glitches and slow performance. It's important for Coinbase to continuously improve their app to provide a seamless mobile trading experience.
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• Nov 24, 2021 · 3 years ago
  I've seen complaints about Coinbase's occasional system outages during peak trading periods. These outages can prevent users from accessing their accounts or executing trades, causing frustration and potential financial losses. Coinbase should invest in robust infrastructure to handle high traffic and ensure uninterrupted service.
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• Nov 24, 2021 · 3 years ago
  I've noticed that some users have had issues with Coinbase's withdrawal process. They have reported delays or difficulties in withdrawing their funds from the platform. It's crucial for users to understand the withdrawal process and any associated fees before initiating a withdrawal to avoid unnecessary complications.
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• Nov 24, 2021 · 3 years ago
  I've seen some users express dissatisfaction with Coinbase's limited selection of cryptocurrencies. They feel that Coinbase should offer a wider range of coins to cater to different investment preferences. However, it's worth noting that Coinbase has been gradually expanding its supported cryptocurrencies.
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• Nov 24, 2021 · 3 years ago
  I've heard concerns about Coinbase's compliance with regulatory requirements. Some users worry about the potential impact of increased regulations on their ability to use Coinbase's services. It's important for Coinbase to stay up to date with regulatory changes and ensure compliance to maintain trust and transparency.
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