coinbase

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This is a bad company

I signed up with Coinbase on the understanding that it was a good and honest company, however I was totally wrong. The first thing they did was to deduct more than 10% of my funds in fees and then restrict my funds so that I could not access them for more than two months. I see that as no different than somebody going into a bank to demand money saying that they would pay it back in two months. That would not be acceptable and nor is the Coinbase actions with me. I am a retired guy with limited funds. I have never done anything dishonest in my life. I am shocked and disappointed by the Coinbase actions obviously I should never use them again and will advise anybody not to use them. They are clearly a dishonourable company. I was told eventually and there was some suspicious activity on my account. Since I know I didn’t i think that do anything wrong. I believe that it was their duty to tell me what the problem was. However, they refused to tell me what it is. I think that morally they should tell me what the problem was.

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Date of experience: May 12, 2025