What are the reasons given for the closure of the accounts? I dependent entirely on coinbase and I am now worried that they might close the account with coins in it.
They were not specific. I have one site that uses Coinbase. They flagged my account one time before for review and wanted to know what my site did. My site is an affiliate based site, not a HYIP, not a ponzi, not a matrix; a fully legal site. They fully approved my site. I ran it for 2 years until they closed my account.
They original reason was:
Thank you for your interest in Coinbase. Our primary goal is to make bitcoin safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of achieving this goal, we are legally obligated to implement regulatory compliance mechanisms.
We regret to inform you that we are no longer able to support your Coinbase account as well as any other accounts you may have created. Please note, we have not blocked access to the bitcoin balance currently in your Coinbase account; while we can no longer process bitcoin brokerage orders via our banking relationship, you may still send your bitcoin balance offsite to an external bitcoin address.
Your site is a MLM, as most are considered scams or just end up being ponzi's that is likely the reason your account was closed.
There are MLM's in the US that are under scrutiny by the government over being ponzi's that actually sell products, not just click on ads or links. As they wish to comply with government regulations it is much simpler to ban you, there is no need to give a reason as they will not allow your business structure and seeing there is no way you can change it other than your wording of what the business is that is the reason you cannot be with them.
MLM: Multi-level-marketing (sometimes refereed to as a pyramid scheme)