Post
Topic
Board Service Discussion
Re: Coinbase issue
by
Rahar02
on 06/10/2017, 01:32:11 UTC
When I first got into bitcoin coinbase was the one wallet I found that seemed trusted and reliable. Everything is working out great until about eight months ago I got contacted by them saying they no longer allow US customers and that i needed to withdraw my btc. I did so. My issue is, i have a local friend who has a coinbase account and he has never heard of this or been contacted by coinbase. Was wondering if any americans had the same experience?

Similar case here. I have a friend using Coinbase since maybe 2 years and never have a problem since, me too I am using it since 3 years maybe. We both live in the same country.
About 3 months ago he has been contacted and be told that Coinbase doesn't work anymore with people from our country (outside US) has asked him politely to go to another place since he is not welcome anymore. Surprised by this, we also noticed that Coinbase removed our country from their list of accepted country.
The problem is he is the only one I know who received such invitation to leave the site.

8 months and 3 months ago, it seems that Coinbase didn't warn everyone to leave their site at once.
Imagine if hundreds or thousand customers withdraw their funds/bitcoin from coinbase within a day or two, then Coinbase will find it difficult to refund all of those money and bitcoins, I guess. But, this problem regards Coinbase services has been discussed for a long time, since IRS cracked down and their policy become more stringent for people outside the country, it's better to warn everyone you know to leave Coinbase for good.