I found out that they cancelled my transaction for no good reason, but they they say they'll refund my money in 2-4 days. Ridiculous, but it's better than nothing.
I have another transaction pending. If that comes through, I'll keep them. I have high hopes, though my expectations are low.
I found a series of fraudulent charges ACH from Coinbase to my bank account. Coinbase does not seem to have proper fraud controls in place to prevent the abuse of their platform which does not speak well of the company as a whole. A call to their fraud department results in an unprofessional voice mail instead of a fraud professional.They should do better.
These people have the worst customer service in human history.
On June 14th I sent an email to Coinbase support stating that my account has been locked.
June 16th, Josh from Coinbase responded and told me that it was because my payment for a previous purchase was pending and it should clear in a day or two and at that point, my account abilities would be restored. Thats the last I ever heard from him or anyone at Coinbase.
June 24th, I sent a follow up inquiry (no response)
June 27th, I sent a follow up inquiry (no response)
June 29th, I sent a follow up inquiry (no response)
June 30th, I sent a follow up inquiry (no response)
I have tried to call information to get their number, they are not listed. Ive contacted the Better Business Review and searched dozens of sites online to try to talk to a human. All they say is to send an email or go to their website. However, they are totally unresponsive. These people have the worst customer support of any business that I have ever seen! With no way to contact them and no way to get a response. It is very frustrating!
How much has Coinbase defrauded you? Send the amount expressed in US Dollars to: CoinbaseFraud1@gmail.com Let's see the total and discover whether law enforcement is interested. DO NOT send personal information, just the actual dollar amount of your loss.
I lost USD $2,000 to them two weeks ago in a BTC purchase order they cancelled for no reason, then failed to refund the money they had withdrawn from my bank account.
Please post this contact email address and request to your Facebook and Twitter accounts.
on Twitter: @CoinbaseFraud
Coinbase requires users to share their most personal state-regulated information, such as their real world identity via state-regulated ID and their social security number. When I asked them to change this for the privacy and safety of their customers, they declined on the basis of "regulation requirements". A company that cowardly kowtows to the state is a clear sign that when our MONEY and our RESOURCES are at threat, Coinbase will be out to save itself.
Tip for consumers: Boycott the major BTC wallet providers until they take a stance for the privacy and safety of their customers, and can verify their trustworthiness in this cause.Ask Jack about Coinbase
They suspended my account, tried for days to get an answer why, claimed I may be using the funds to fund terrorists. I accept Bitcoin on my website and demanded I turn over all my customer details, not just the ones that used Bitcoin. When I refused they closed my account.
Also every time I sent an email to there customer service I would suddenly get porn spam. I know it's coming from them, I only used that email address for Coinbase communications.
I suspect they only wanted my customer database so they can try to get people to move over to them.
I have an open case with these people regarding a $1000 transaction that I initiated with Coinbase. Their website tells me that the transaction is complete, however I haven't received my funds yet. I keep writing to them and all i get is the "wait alittle more" response. I am very displeased with their service. I write to you as a warning. For the sake of your sanity and you money, DO NOT DEPOSIT or WITHDRAW any money into this service! They will flat out rob you. I have read the warning from other people and didn't listen. But the warning is REAL. DON'T MESS WITH THESE GUYS, THEY WILL ROB YOU. If you want details, I will give you all the details you need.
HEED MY WARNING!! These people kidnap and rape your bitcoins. They are low level shady bottom feeders. They don't care about you the only take your money and give you the finger. I got raped by these scumbags for $1000. I am definitely filing a complaint with the Federal Trade Commission.
To file a complaint Google "FTC". and look for "Submit a consumer complaint"
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.
I had my bitcoins sold last fall and I still cannot get a refund. They have put me through the ringer for months and it is starting all over again.
My purpose now is to save anyone else from going through what I am going through. Coinbase are THIEVES!
All of a sudden Coinbase is closing my account and I cannot access it to transfer my bitcoins to another wallet. I have been going back and forth with their lousy customer
service for over two weeks as I changed my phone number and now I cannot access my
account. Coinbase "outsourced" the verification process to authy.com and they are giving a
really hard time to accept the phone change. They "argue" that they are doing it for security reasons, so they can be sure that I am the owner of the account. First authy mentioned that they will take TWO business days to process the request. I kept contacting them and today they say that it will take an extra THREE business days. They are supposed to be technology companies! It's ridiculous!
Tip for consumers: Stay away from Coinbase!Ask Rosana about Coinbase
I will talk here from a person with a european bank account. I don't know how it works if you have a US bank account. Coinbase allows someone in the European SEPA zone to do SEPA transfer and buy or sell bitcoins.Then, it acts like a wallet.
The website is really simple compared to other i have tried (like stripe).
Security is the same as for paypal but this time you do a little bank transfer to coinbase to confirm your account. coinbase also allows to do an automated transfer of your fund in euros to your bank account and that's really good. I have no idea if it does the same with USD.
I have paid online with it and it works well.
They froze my account because they decided to buy bitcoin s for me and overdraft my bank account so I had my bank cancel the order now they canceled the one bitcoin transaction I actually wanted and are holding the funds. Do not use this site they are just trying to scam you use bitquick.com trust me
The frozen my account with more than 1000$ of BTC for no reason without any notice after some months of service. I tried to contact their support but no-one responded. There isn't any phone to contact them and no office address. There are hinders of scam reports about coinbase just by making a search on Google.com
It's bad when a company's lack of ability/responsability costs you money. I couldn't get access to my account because every time I try to log in it sends a verification code to my phone before I could log in. Well this last time and since there have been no codes sent to the phone. So, I have been up the creek so to speak. And they have no customer service available to speak of. Obviously a Mickey Mouse operation.
I feel compelled to write a review only to offset the horrid reviews I see here posted on this site. It does take a while for Coinbase to approve a high level of "Instant" purchases (as opposed to purchases that take days), but that is fine with me. The fact of the matter is that Coinbase is insured and it is a very "institutional" feeling trading platform. For me, that makes me like it more. There are lots of exchanges out there, but this is the only one with high financial level institutional trust for me to use. They charge a 1% fee for changing Dollars and Bitcoin in either direction (Buy or Sell), but for using your Bitcoin to buy services directly it costs nothing other than the BTC itself in your account. I highly recommend trying it out today!
After verifying myself to death several weeks earlier, Coinbase canceled 13 of my pending purchases from the past week, and will not respond to emails. Chat simply hangs up on me.
Of course, they cancelled them all at 5 pm, today, Friday May 22nd. The Bitcoins were supposed to be in my account by "end of business day" today. Why didn't they cancel when I purchased, instead of the day and the minute they were supposed to be funded into my account?
I bought at 232 and Bitcoin went up to 240 today. So I'd have to re repurchase at a higher price. How convenient.
I needed the Bitcoins by Friday May 29th to purchase something that will not be available after May 29th. Because Coinbase cancelled all my transactions, I will not be able to make this much desired purchase. I have lost out completely. Way to go Coinbase.
Their customer care is ABSOLUTELY APPALLING!!!
Today is Friday May 22nd. My buy/sell capabilites are locked. As is Memorial Day Weekend, even if they unock my account on Monday, (a big if) it will be too late to receive any Bitcoins by Friday May 29th.
The earliest I will be able to receive any Bitcoins purchased will be Tuesday June 2nd and the offer ends Friday May 29th. It takes four-five days to get Bitcoins from Coinbase.
Is there any way to give no stars? This business does not even deserve one star!
All I get is the run around. I do not know when or if I will hear from Coinbase on this matter.
I would urge you VERY STRONGLY not to trust coinbase.
Although I am new to bitcoin, I've been in the financial markets my whole life.
Whatever coinbase may have once been, it is not, now. My main bank account website, for example, has never had a glitch or an error....ever. Sometimes it's offline. But not even a small glitch, much less a fundamental error.
In three days on Coinbase. there are many glitches and problems. I've connected my bank account, for example, and bought a few bitcoins. Suddenly, there is an error not allowing me to make purchases, and pop-up screens directing me to send personal information to THIRD PARTY WEBSITES (of the kind that would enable anyone with that information to commit identity theft.)
48 hours ago, the tech person said the problem would be resolved. In 48 hours, no resolution, no word.
Also, somewhere on the site I read that they claim the right to TAKE BITCOINS out of your wallet, themselves, in certain circumstances. THEY CAN TAKE YOUR MONEY, it would therefore seem, from YOUR Wallet.
Or, should I say, "Your" wallet.
My best investments have been based, at least partly, on intuition. And I smell a BIG RAT at Coinbase. Whatever they may have once been, they are no more.
DO NOT TRUST COINBASE, or you will be Mt. Goxed, I promise you. Or be a sheep, don't think for yourself, get fleeced, and then slaughtered. Your choice.
I was hesitant to place a buy order with these folks after reading story after story about how they would cancel a buy order. I placed a buy order with these guys yesterday for 10 million bits, 10 btc, and today I received an email stating that my buy order was canceled. I am pretty upset because I had to jump through bank account and identity verification hoops only to have them say sorry, better luck next time. I also found it rather convienent that they canceled the order after the price went up. Had it went down I am sure they would have been more than happy to push the order through. It's my own fault though, I knew they had a history of pulling this crap but I tried anyway.
This is a MOB.
“Caution is strongly advised when dealing with Coinbase.”
Posted on February 20, 2013 by nagarajhubli5
Trading Bitcoin Privacy For Banking Convenience
“This is just like buying bitcoins from your bank – or from the Internal Revenue Service. If a bank offered a bitcoin purchasing option from its website, it would look like Coinbase. If Coinbase cut them in on the commission, it could probably white-label the service directly to banks.”
Read full article: http://www.paymentssource.com/news/swapping-bitcoin-privacy-for-banking-convenience-3013278-1.html?zkPrintable=1&nopagination=1
Read more at http://www.maxkeiser.com/2013/02/caution-is-strongly-advised-when-dealing-with-coinbase/#FrG7S1fdSTIKH8Z3.99
Evan Moore - March 27, 2015
starstarstarstarstar I purchased Bitcoins back in January with no problem, and sold them on 3/18. It has now been 9 days since I made the sale, but I have still not received any deposits into my bank account. The in-product messaging states that the sale has been completed, and I no longer have any Bitcoins in my wallet.
The question is, if I no longer have Bitcoins in my wallet, where is my money? I have written into Support multiple times, and am in the 'Supervisor queue'. I have been waiting days for an update. This type of experience does not instill confidence in the user base, and unfortunately this has been a terrible first experience with Coinbase, and will make me re-think my use of the platform moving forward.
Anon - March 11, 2015
starstarstarstarstar Coinbase has worked perfectly for me. the only issue that I have had was getting my credit card verified, and that was due to my credit card company's incompetence. Easy to use and buy my coins with. I do not store any large amount with them, as i would rather control the private keys. I will be checking out their new vault, and the exchange once it is available in my state.
md42 - March 5, 2015
starstarstarstarstar awful customer service. After doing every verification step i made a purchase. one week later after they completed the withdraw from my bank the order was canceled with no explanation. I asked for more information and was told i was "high risk" with no other information. I kept asking for them to elaborate and then I was band from buying on coinbase after trying another transaction. Slow and awful buying process with bad customer service. if you talk to someone with the chat function they will never have information either. just go to an exchange and don't use this expensive middle man.
coinbase_user - February 19, 2015
starstarstarstarstar Coinbase recently banned me from buying btc with no explanation given. They said I was "high risk," yet was cooperative with follow-up requests (e.g., license identification), answered questions, then they just contacted me and said sorry, manual review says you're risk. Bye. Completely out of the blue. What a joke.
They advertise a four day wait to get your bitcoins after you purchase them. Why the four day wait I don't know. But it is really a five day wait because you look at your account after the four business days, and the purchase still has not been made. So you contact "Seth" who says they will be available by midnight PST making it really a five business day wait. This site is a scam.
Send in an order for 1300 dollars and they cancelled it. Said their software detected "high risk" behavior on my account. What the hell?! What kind of response is that? What does that even mean. They didn't even give me a better response. The just said "we're sorry". If they can't give a better reason, it means they don't have one. They are scamming people selectivity. So I waited 2 weeks and tried again. Same thing. Cancelled automatically by their system. And they kept the fees both times!! If the btc value changes in a way that doesn't benefit them, they blame you saying a Blakeney statement that you are "high risk" they cancel your order, keep your fee, and they aren't losing anything by cancelling the transaction. They are just keeping thousands of people's fees. They don't even have a phone number! Seriously, STAY AWAY FROM COINBASE!!