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Coinbase

How would you rate Coinbase?
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Washington
1 review
16 helpful votes
Follow Eva D.
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I have been using Coinbase for little wile now. I am extremely upset about all of what they do, and they hide. I have not been able to speak with anyone. Their customer service is horrendous at best.
I don't trade tons of money, and because of that, they eat up all the profits. I have made profits every time I sell, but they eat it up. I honestly don't know where to go that charges reasonable or low fees. If someone knows, please reply here.

Date of experience: November 30, 2020
Ireland
4 reviews
13 helpful votes
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Without a doubt, the worst customer service I've ever experienced. These guys tried to hold MY MONEY hostage. It might not seem like it now, but these guys are going to be remembered in the same thought as Mt Gox. They're happy to take your money, but when you need assistance because their awful application doesn't work as expected (and it WILL happen), you're completely on your own.

Managed to get my money out by transferring Bitcoin out in time.

Avoid at all costs. YOU HAVE BEEN WARNED.

Finally, don't be fooled by their "support" on social media/reddit. They tell you to get in touch if you announce a problem publicly but when you do, they never get back to you. Publicly, it looks like support is happening. But it's not. I think they have one person working support. Seems all he's doing is scratching his balls.

Avoid at all costs.

Date of experience: January 19, 2016
Florida
1 review
1 helpful vote
Follow lisa s.
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Scam company
November 22, 2022

Coinbase should go to hell, they are the tool for the scammer to drain out their user access, and they have zero customer protection. When I file a scam report they just close my account for no reason. Crooked company.

Date of experience: November 22, 2022
Florida
1 review
7 helpful votes
Follow Andrew D.
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I give them a one star only because if I gave them what I think they really deserve, zero stars, it won't count in the rating! I've been wasting my time with CoinBase now for almost 3 weeks and I'm done! The website is not intuitive and represents 100% of the customer interaction. There are rules/policies in effect that I could not find on the website! I had to go to various forums for an explanation. What a waste of time and I don't know how accurate the descriptions on the form are! Lastly, there is no human interaction for customer service! There is no one to call!
I am not dealing with the company that is such a disregard for the customers themselves and the customer experience overall.

Date of experience: April 24, 2017
California
1 review
0 helpful votes
Follow Kyung T.
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Please take note that I only gave this company one star because I had to, in order to write this review. Apparently this company's goal is not to facilitate its customers with making a profit. As soon as I made a significant one, it prevented me for making another transaction, with a bogus ever message, claiming that my bank was rejecting the transaction for insufficient funds. I went to my bank and confirmed that this just was not so. Moreover, my bank informed me that there is no way for Coinbase to know how much funds I have in my account. Clearly, this action on the part of Coinbase is nothing less than to restriction on the average person, to keep him or her from making a significant profit, with a day trade. I will not have my freedom limited this way. Nor will I subject myself to any other missed transaction that costs me money. As such, I will be switching to another platform.

Date of experience: April 16, 2021
Texas
1 review
6 helpful votes
Follow Darren B.
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For almost 4 weeks I have requested Coinbase to reinstate my bank account according to their own procedures so I can trade again on their platform.

This should be simple, since they have the data and their procedures require this simple activity.

1 request per week and nothing, but we are working on it. You have got to be kidding. Can't anyone I your company get this simple thing done? Help!

Date of experience: August 25, 2020
New Hampshire
1 review
1 helpful vote
Follow Al B.
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We can't even even email them anymore. We have to fill out a form. That form asks you pick from the questions they think are the only questions anyone could possibly have. If your question isn't one on there list you have to lie, just to get the email to support. Then they "ALWAYS" ask for Screen shots, even when you told them what the problem is. Guess they only understand pictures. They've done a fantastic job of hiding from the customers who pay their bills.

Date of experience: October 6, 2021
Utah
1 review
1 helpful vote
Follow Jesse T.
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Make sure that you don't get fooled into thinking you've made huge profits off of deposited money. It means that there was and is a negative amount to your account. If this is noticed. Stop selling and trading. Coinbase will continue to take money from your bank account. Don't Trust or use Coinbase.

Date of experience: May 18, 2021
California
4 reviews
2 helpful votes
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I've been trying to close my account for three days. They keep giving me the run around, making excuses for this and that. How hard is it to close an account? They make it super difficult and are not helpful. I'm tired of this app and want to be done with it. I don't recommend anyone use this app. I'm still waiting for them to close my account

+1
Date of experience: July 12, 2023
Washington
1 review
2 helpful votes
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I have experience the worst customer support. I tried to contact their support team multiple times but no one got to me. They hold my founding for many days without resolving the issue and communicating

Date of experience: December 11, 2020
Louisiana
1 review
12 helpful votes
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When I tried to stop these automatic exchanges, they just locked up my account and now have me jumping thru all kinds of hoops to try and re-activate it. I've tried it half a dozen times without success. It seems impossible to talk to a human by phone at Coinbase support. I don't think they are crooked (I hope not) but they are sure out of their depth when it comes to customer support

Date of experience: April 13, 2020
Virginia
1 review
6 helpful votes
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Terrible exchange system
February 20, 2023

The whole point of an exchange system is to be able to use it right a away. Coinbase never explains that it will take 8 days for you to cash out or send out your own money. This defeats the purpose of an exchange system. Which, That's the whole reason why bitcoin exists in the first place. This Coinbase useless in my opinion. And bitcoin is not an investment portfolio. So, I'm looking for a different way to transfer funds.

Date of experience: February 20, 2023
Canada
3 reviews
6 helpful votes
Follow Christine R.
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Have used coinbase for a couple of years now and it's been mostly fine and there website is easy to navigate. However, I went to sell some bitcoin the other week and they said they needed my ID again. Everytime I took a photo of it they said an error occurred. It took me weeks to get into my account and their support is useless. By the time I got in the price of bitcoin has dropped significantly and it cost me thousands, not impressed.

Date of experience: March 4, 2022
France
1 review
0 helpful votes
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Account closed all of a sudden
June 22, 2022

The services have been fine for a few months of using the app, until last week, when I received a notification of my account being closed, for violating terms of service. Support refused to provide more information claiming security reasons. Since I doubt that my account could have been more transparent - and they know that - I have to assume that there is something to hide behind the unwillingness to share the reasons for terminating the account. Possibly some discriminatory policies which they wouldn't like to disclose during these not-so-easy for them days. Well, good luck. As to anybody considering their services and reading this, be aware this may happen to you, even if you are sure of acting to the letter of the law.

Date of experience: June 22, 2022
Iowa
4 reviews
8 helpful votes
Follow Stephen C.
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This fraudulent, thieving company will lock you out of your account, with the intention of stealing your money when you finally abandon the account out of frustration. Their extremely low reviews, over all platforms, speaks volumes. What is outrageous is that a government regulatory agency hasn't closed them down.

Date of experience: November 8, 2023
Hong Kong
1 review
1 helpful vote
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Should be Illegal
February 17, 2024

Coinbase is, without question, the worst company I've ever encountered in my life.
It's so bad, it should be illegal.
-The verification system is the cheapest I've ever seen - without any specific error codes.
-It locks your account onto verification with no option to access your account.
-Customer service is non-existent. They cut and paste from the FAQs, once and never replied again.

How could a company this atrocious possibly be publicly traded or even legal?

Date of experience: February 17, 2024
Kentucky
1 review
1 helpful vote
Follow Shkelzen H.
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Worst app I have ever seen. Most likely it is a scam, don't purchase on this app, because after I purchased coins they kept withdrawing money from my account without my permission. When I contacted them about this issue they have disabled my account telling me it takes 4-5 days to investigate the problem, but never get back to me.

Date of experience: June 28, 2021
Illinois
1 review
1 helpful vote
Follow Rodney L.
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Coinbase has literally sabotaged a number of my trades by the constant failure of their ridiculous app. The only thing about their app that works 100% of the time is their fees and taking money from deposits. I absolutely hate that I signed up for Coinbase and invited other investors join.

Date of experience: November 26, 2021
New Jersey
4 reviews
6 helpful votes
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Hold Time way too long!
February 25, 2022

Though Coinbase makes it sound easy and quick, the reality is that you have to wait a long time before doing anything with the funds. The funds have already been withdrawn from my bank account but Coinbase wants to wait another 11 days for the transaction to complete, or so it says. If you want to transfer the funds to a friend from reimbursement, it's another 11 days. Really?! This does not work well... not sure why people would use it when you have to wait at every turn!

Date of experience: February 25, 2022
Texas
1 review
23 helpful votes
Follow M F.
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Coinbase is the most crooked crypto exchange you could ever work with. Look at how many bad bad bad reviews they have. I am waiting a whole week to access my money. They keep using the excuse that the device that I'm using to authorize the two step factor is not recognized when this has been my phone ever since I opened up my coinbase. If you use coinbase then you are screwed!

Date of experience: August 8, 2020

Overview

Coinbase has a rating of 1.3 stars from 815 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers dissatisfied with Coinbase most frequently mention customer service, bank account and phone number. Coinbase ranks 51st among Centralized Exchange sites.

service
339
value
306
shipping
111
returns
132
quality
296
This company does not typically respond to reviews
+158