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by ryanmarsh 3114 days ago
Same. Coinbase are in over their heads. There is so much room for competition here.

At times I’ve been unable to access my accounts or have transactions complete in a reasonable amount of time. Coinbase closed my account without notice with no explanation other than a mention of their desire to comply with FinCEN. I never got an answer from them as-to what I did “wrong”. I sure as hell wasnt selling heroin or babies on Silk Road. Imagine if Wells Fargo closed an account without notice or explanation after a customer had a few normal deposits and withdrawals. deep rolls eyes

2 comments

Imagine if Wells Fargo closed an account without notice or explanation after a customer had a few normal deposits and withdrawals.

You don't have to imagine.

https://consumerist.com/2017/08/21/feds-investigating-wells-...

At least you have organized, specific recourse. From the first few words of the headline of that article:

"Feds Investigating..."

>Imagine if Wells Fargo closed an account without notice or explanation after a customer had a few normal deposits and withdrawals.

BB&T has done this to me in the past. The only recourse is taking your business elsewhere. Coinbase doesn't seem too different in that regard.