Post
Topic
Board Exchanges
Re: being 'ripped off' by Coinbase :( trying to get some help....
by
Aurel577
on 16/01/2018, 19:14:21 UTC
I believe you are confused some. I think the way Counbase verifies bank accounts is by THEM making 2 deposits into YOUR bank account and you telling them what those 2 amounts were, that way they know you have access to that bank account.

The amounts are very small and then they reverse and take the amounts back, but they will still show up on your bank statement or online.
Everything they do is for your protection.

Sorry this is not correct - they make you send a small amount and if you read my post above you will see how bad they treat you when they do that

Well I guess it’s different depending on where your from. I never had to send them any money and had to verify my bank account how I posted. I have made many withdrawals since without a problem.

I have no doubt that many people withdraw from Coinbase without problems. But the fact remains that I could not get money out of my account after being with Coinbase for nearly 2 years because of some ludicrous need to verify a bank account with 6 Euros and this became impossible because they choose to not communicate with their customers.
Well Coinbase is a USA based exchange following all US rules and regulations, so I take it since your talking Euros that your not in this Country which would make for different rules to follow to keep from money laundering, ect..... hummm maybe we need a decentralized virtual money system....or maybe you should have used an exchange in your own country.