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Concerned about all the restricted/frozen accounts

I have had Coinbase for probably a year and I have my BTC, ETH, and ADA with them. I haven’t had any issues, and I have even moved ETH on and off of Coinbase into hard wallets. I keep seeing all these horror stories of peoples accounts getting frozen and no response for 7+ months and it’s terrifying. Is there any specific series of things people are doing to trigger these freezes or they just happen? I’m scared I’m going to try and get out of my Coinbase and it’s going to trigger a freeze. Like if I sell all my coins to a stable coin or back to USD and try to cash out will that trigger something? If I straight up move my ETH/BTC to wallets is that safe? My account is fine and I’m terrified to do anything.

What do you think?

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3 Comments

  1. I just started a reddit about 2 weeks ago. I have been using coinbase for almost 2 years now. I didn’t start getting worried until reading all these horror stories. HOWEVER…. there always seems to be missing information. I’ve never had a problem. I’ve had one customer support issue in 2 years and it was due to my own negligence. My issue was resolved by customer support in under 48 hours. I hate it for the people that are having issues, and it does scare me but I’ve had a great experience with coinbase sofar. I don’t think they are trying to screw anyone or committing fraudulent acts. Don’t invest money you don’t have or are willing to lose and don’t keep all your eggs in one basket. I dunno, I want to believe people but I can’t imagine all these complaints are 100% coinbase trying to steal people’s money. I mean cmon, have you seen the fees? They’re making enough money without stealing someone’s 8k or whatever.

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