Why has Coinbase become a source of trouble for people involved in cryptocurrencies?

3 answers

• Rakotoarivelo NantsoinaJul 08, 2024 · a year ago
  As a cryptocurrency exchange, Coinbase has faced several issues that have caused trouble for its users. One of the main reasons is the frequent technical glitches and outages experienced by the platform, which have resulted in users being unable to access their funds or execute trades. This has caused frustration and financial losses for many individuals involved in cryptocurrencies. Additionally, Coinbase has been criticized for its customer support, with users reporting long response times and inadequate assistance in resolving issues. These factors have contributed to Coinbase becoming a source of trouble for people in the cryptocurrency community.
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• Judson IvyNov 07, 2021 · 4 years ago
  Coinbase has become a headache for cryptocurrency enthusiasts due to its strict verification process. While the platform aims to ensure security and compliance, the extensive identity verification requirements can be time-consuming and frustrating for users. Moreover, Coinbase has been known to suspend or even close accounts without clear explanations, leaving users stranded without access to their funds. These issues have led to a loss of trust and a negative reputation for Coinbase among some cryptocurrency users.
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• Rodrigo PeruzzoJan 09, 2025 · 8 months ago
  Speaking from a third-party perspective, it's important to note that Coinbase is not the only cryptocurrency exchange facing troubles. The rapid growth of the cryptocurrency market has put significant strain on exchanges, leading to technical issues and customer support challenges across the industry. However, Coinbase, being one of the largest and most popular exchanges, has attracted more attention and scrutiny. While it has faced its fair share of troubles, Coinbase continues to work on improving its services and addressing the concerns of its users.
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