Post
Topic
Board Trading Discussion
Topic OP
Coinbase just told me I'm not eligible to purchase BTC. Because the price is up?
by
Lowell904
on 22/08/2014, 00:48:46 UTC
Coinbase just told me that I'm not eligible to purchase BTC. Is it because the price is up? Or maybe my bank is blocking it. (Wells Fargo)

In any case, a few days ago I went through all the steps to get my bank account verified (gave them my username and password) then placed an order for .5 BTC. They say it takes 4 days, but after 2, and a BTC price increase, they  canceled the order saying it was high risk. I understand it's my first order, so it may take time to built trust, so I added a credit card, verified it, verified my identity, and placed an order for .4 BTC. About a day later and another price increase, I get the same high risk cancelation. When I asked in a email for them to honor the first transaction, they replied that I was not eligible to purchase BTC but didn't state why? I've asked, and also contested the second cancelation and asked that the honor that one too, but I have yet to receive a reply.

Has any one else had similar problems with coinbase? Their fees are low and if I wasn't having issues, the transactions would be simple and user friendly. I want to do business with them. What advice can the community provide? Should I be buying from another vendor? Is Coinbase trustworthy at all?