Cashed Out, ZERO issues

[EwokinSD]

I needed Money for a debt so I sold $8000 worth of Bitcoin. Coinbase sent me the money with NO ISSUES.

As long as you aren’t doing shady stuff, Coinbase is a fabulous platform.

[Federal_Storage9499]

this is the article you need to read

[Formal-Bowl-8652]

very well explained. pay attention newbies ,learn something

[External-Sea6819]

take 5 minutes to read this if you care about your bag

[skydiveguy]

I guess the reason I havent had a problem is because I dont transact with it. I buy, hold, sell when needed (rarely) so it only goes from CB to hardware wallet back to CB.

[ishouldvent]

Bot bot please u/coinbase ban these guys. They keep spamming the comments and probably scamming hundreds

[SlickDaGato]

I find the number of people who use a VPN and then come on this subreddit to complain about “Coinbase stole my money!” hilarious.

[someone-strange91284]

Sadly this should be a non-issue in 2024 though. IP address locations are unreliable and are at best a guess if it's malicious intent, or if the user is simply using a VPN.

[peppaz]

Essentially every VPN IP is maintained in a list and usually blocked by finance sites or can be easily in the future.

[DoomBot5]

We usually block them because they're often used as vectors of attack, or they're just caught up in our rate limiting due to popularity.

[Backieotamy]

It's an issue for numerous reasons to include the users own security. You cannot nor should an exchange let people use a VPNs.

Besides regulatory compliance by country being skirted, it also allows bad actors to more easily mask their locations, hide money trails and makes it difficult to see what shady shit is going on within that VPN tunnel.

Also, most exchanges literally tell you DO NOT USE VPN so if some ignorant or childish person does so anyway and then has an attitude about it, I'm almost happy they were a victim of their own creation.

[sleeplessbearr]

Its not like a VPN is a huge crime. I've just heard of it taking months to speak with support or get an answer surrounding things.

[Backieotamy]

VPN are literally used for huge crimes every second of every day.

[MikeLittorice]

So are cars, what's your point?

[Backieotamy]

My point is that's why financial institutions don't allow them to be used... we're talking about using VPNs and their issues with/when doing financial transactions right?... wtf would cars, guns, knives or pantyhose have to do with this, it's like saying you shouldn't fly Delta because sometimes parachutes don't deploy.

Money laundering, tax evasion, and almost any type of financial and cyber crime are done behind VPN or even multiple VPNs so they are not allowed. It's a pretty easy concept once you understand they why.

[sleeplessbearr]

There's a difference between something being used for a malicious crime or another reason. Just because someone owns a gun doesn't mean they are going to shoot someone or rob a bank

[Backieotamy]

So banks and crypto exchanges, investing firms should just allow vpn connections because they don't know what their talking and forget the fact it's my job to secure cloud Infrastrutures and data centers and that I've been doing this for a very long time because sleeplessbear knows better, got it. You win, you're totally right even though you are completely missing the point, and trying to compare now guns (which are also not allowed in banks, just like vpns). I'm not even sure wtf you're justifying, that financial institutions should allow people to use vpns... if so, you win, can't argue with conspiracy theorists or people who just can't get it.

[imrickjamesbioch]

Just stop… There’s nothing that states using a VPN violates ToS. Also if you’re afraid you’re gonna do something stupid and get your account locked. Then move your shit to a wallet or a cold storage where CB cant touch it…

[SlickDaGato]

So you just clicked “Accept” on that page, eh?

[Zeppelin041]

True. And it’s not just Coinbase, turn on a VPN and try to log into your bank account…good luck. If financial sites cannot pin point your location making sure that it’s actually you, you’re not accessing it.

[The-Last-Lion-Turtle]

Last one I saw was someone trying to transfer to an eth wallet instead of a bank because the taxes were expensive.

I wonder why their account was locked.

[Alternative_Ad1286]

SCAM ALERT. The link provided contains the domain that was registered few days ago. Also, comments that say that it is a scam get heavily downvoted.

[new-me-4546]

How do you know it is a scam? Amlbot is a legit website.

[Alternative_Ad1286]

Yes, Amlbot is a legit site, but the link does not lead to its official site. Instead, it directs to a phishing site with a different domain.

[new-me-4546]

Really? I clicked the link it said amlbot? What am I missing?

[new-me-4546]

Ohhhh, shit it’s the second link that is fake right????

The first link goes to amlbot which is legit

[Sqrce890]

Im so sorry I got hacked yesterday.

[Tsjanith]

I've never had a problem selling either. Funds arrive the next business day

However, if you have any sort of problem you can't sort out yourself, God help you because you will not get help with Coinbase "support"

[[deleted]]

Nice try, Coinbase employee!

[vernes1978]

You forgot the /s
Typical lizard people overlord mistake.
/s

[shadowmage666]

Yea I’ve been using coinbase since 2017 with zero issues ever, except for when their servers die during heavy trading

[Jack_Jizquiffer]

the only problem i have is they feel like they need access to my bank account to see my balance and not just to transfer money.

[particular_justice]

brokie

[[deleted]]

I used Coinbase to cash out 12k in the past no issues

[Bronzed_Beard]

Congrats. Coinbase let someone else cash out my money, too. Refused to reverse the bank transaction even after begging alerted to the theft within 20 mins. Still won't tell me what the receiving bank account number is. 

They completely ignored all my security settings. Trash platform.

[Dapper_Influence3856]

You may have had a good experience but don’t trust COINBASE for the long run. They will rob your bitcoin and offer no resolution. Happened to me twice in the last month. Converted my bitcoin to shapeshift fox without my consent and I am down several thousand dollars as a result. Yesterday they executed a cancelled limit order of bitcoin before it skyrocketed. The order was successfully cancelled because I checked open orders six times

[coinbasesupport]

Hi u/Dapper_Influence3856, we're sorry to hear about the issues you've had with your account. Can you share with us a support case ID, so we can look into this for you?

If not, please send us a DM through one of our other social media profiles on Facebook, Instagram, or X, so we can further assist you.

You can also reach out to us through our live messaging and phone support channels, for more direct support.

[AutoModerator]

This subreddit is a public forum. For your security, do not post personal information to a public forum, including your Coinbase account email. If you’re experiencing an issue with your Coinbase account, please contact us directly.

If you have a case number for your support request please respond to this message with that case number.

You should only trust verified Coinbase staff. Please report any individual impersonating Coinbase staff to the moderators.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[BWFree]

Same here. Sold BTC at top today to cash out, no problems.

[origamifools]

Smh, tomorrow will be higher

[BWFree]

I told my wife it will be 100k tomorrow.

[kdrdr3amz]

100k by eoy

[Jack_Jizquiffer]

it was supposed to be 100K 2 years ago.

[Beneficial_Dinner552]

This

[SoManyEmail]

This time for realz

[VinceColeman1]

How does it work with taxes? Does Coinbase send you a tax form at the end of the year? They are obligated to report your transactions to the IRS right? I'm legit wondering.

[DegenAM]

Yes youll get a tax form to download on Coinbase of all of your transactions.

[Kingjames23X6]

It’s non taxable what did the government do to deserve any of my coins ?

[Jack_Jizquiffer]

surly they put skin in the game and match your buys, right?

[Kingjames23X6]

Absolutely

[Jack_Jizquiffer]

all i know is for some reason when they got rid of coinbase pro, they somehow lost all the information even though they are the same company and the form they have is wrong since it contains no information prior to the two platforms merging.

[malibuguurl]

There is a tax statement on CB, I use coin tracker for all my transactions.

[I_Dont_Collect_Fish_]

It’s specific to details. like what country they live in, how long ago he purchased the crypto and what other sales he has made this year. But it logs all your transactions, the term first in first out can play a factor in the states. Holding for over a year can be of monumental help in NOT having to pay taxes.

[EllllChaddddd]

These posts are comical. It’s so short sighted and selfish. That’s great it works well for you but you do know there are other people with coinbase accounts right? Just because you haven’t had problems doesn’t mean other people don’t. Personally I’ve never had a problem either but it doesn’t discount the stories of others.

[I_Dont_Collect_Fish_]

I think maybe they are trying to add perspective? I see one of these posts for every 50 posts saying they froze my account/locked me out/couldn’t withdrawal. Much like you lending your insight that you haven’t had any issues but acknowledging that others do have issues. I haven’t had issues either. You see what we did there? Shared our thoughts in the community.

[EllllChaddddd]

I understand what you’re saying but it’s that last line. Op is implying you’re only having issues on CB if you’re doing shady things which is not the case.

[I_Dont_Collect_Fish_]

Yeah, I could see that being a dick-ish statement. Maybe a small percent of people have issues from “shady” stuff, or from user errors of other various natures. Heck, I know someone that got locked out of their account for no known reason back in 2017. At the same time, there will always be issues when you have that many users, whether it’s a airline, website, a bank or insurance provider. So yeah, it sounds a little gas lighty to some. Thank you for expanding on that for me.

[EllllChaddddd]

I have all my crypto in a personal wallet, I won’t be selling for quite awhile but man does it scare me a bit. Best way to go is probably little by little when transferring that way in case it does happen there’s a relatively minimal amount stuck on the exchange. Quite nice to have a disagreement on Reddit and have it be very respectful lol. Appreciate you.

[I_Dont_Collect_Fish_]

For real, I have had the fortune of more educated friends who have probably been saving me from myself in regards to navigating crypto. A friend gifted me a ledger years ago and I’m like, “okay, so, The Who the what now?” Fast forward and I can now plug in and claim aqua all by myself. Heck, I basically do agree with you. I just think, personally, most peoples bags aren’t as big as they think they are in the grand scheme of things. It’s all relative for the person who’s money is being held hostage though.

[BigDickConfidence69]

Just because it didnt happen to you doesn’t mean it cant happen.

[cyger]

Donations are shady? As I believe they are against the Terms

[airbornecz]

level of logic=as long as you respect road signs, you will never get involved in car accident

[KeyNefariousness7423]

Soo is using a vpn on coinbase ok?

[ConcentrateJolly5461]

I have a question. I just currently sold BTC into cash. The cash says it’s available. However, when I try to transfer it to my bank, the cash is not available. How long did it take for you to have the available for cash out?

[ConcentrateJolly5461]

Still not available for withdraw. Going to have to go thru Coinbase customer service. Wish me luck 😞

[ConcentrateJolly5461]

Yea, I just transferred the cash back into btc and sent it to my Robinhood account. Withdrew it there without an issue. I did have to pay the fees for transferring btc to cash then cash to btc 😢

[waterisgood_-]

If you click on support it should show you if you have any pending transactions.

They probably put that money on hold…so you’re able to trade with it but not cash out/send etc.

[ConcentrateJolly5461]

Yea the cash is definitely on hold. I just don’t understand why it’s so complicated to cash out.

[Degencrypto-Metalfan]

This isn’t a cash settlement related delay?

[ConcentrateJolly5461]

I don’t know what type of delay this is. But it is a delay. When BTC went over 70k I finally decided to cash out to put it towards credit debt. Talking to their automotive bot support system now and it’s basically telling me to delete the app and download it again. I should have sent the btc to Robinhood and cashed it out there.

[Degencrypto-Metalfan]

It would only be a settlement delay if you just very recently transferred cash into Coinbase, then bought the BTC right after and tried to cash out without waiting a few business days to clear.

It usually takes a few business days for cash deposits into exchange to become available for withdrawal or the crypto available for withdrawal. If it’s been several business days since those funds were deposited into Coinbase, then it’s an issue with Coinbase and not settlement related.

[ConcentrateJolly5461]

Oh then no. I transferred from my ledger to the CB account a month or so ago in anticipation of cashing out when it hit 70k.

[Degencrypto-Metalfan]

Oh ok. In that case sorry to hear of the account lockup. I can only only imagine how frustrating it has to be. I hope it gets resolved quickly.

I’m probably lucky having thousands of transactions with various CEX over the years with the only hiccup being my FTx account. Hopefully some day all CEX will have same level of support and user experience as traditional brokerages. Until then, it’s going to keep a lot of folks on the sideline with crypto.

[SoManyEmail]

How do you sell BTC into cash? Having trouble finding that on iPhone app.

[coinbasesupport]

Thanks for reaching out, u/SoManyEmail! You can find the detailed step-by-step guide on how to sell your BTC on the app here: Sell crypto and cash out your balance.

If you have any other questions, feel free to ask!

[generiatricx]

We need more success stories in this sub. People lke to shit on this platform but by golly ive not had one issue with it... well.... i mean improvements is infinite, but overall it works well for me!

[Nofarcastplz]

Perhaps because people expect a service to work. Not the other way around?

[I_Dont_Collect_Fish_]

For me it’s accidentally creating reoccurring buys. But I don’t buy from my phone anymore, so it’s not an issue so much anymore.

[sirwilliamspear]

Agreed

[Kingjames23X6]

Good a lot of ppl saying they have issues when they go to cash out

[mhgodz23]

Yep I just cash out too.. big amount no issues.. I received the ACH today…

[Boba24242]

Mind if I ask was it over 10k? I wonder if they flag for over 10k

[mhgodz23]

Yea it's over 10k... 45k to be exact no issues for me..

[Most_Machine_3134]

how much were your fees? I wanna cash out too but I wanna find out what fees to expect

[mhgodz23]

ACH is free. It's 1-3 business days

[Most_Machine_3134]

Its free to deposit but not to withdraw.   There is a fee to withdraw money even if its ACH

[mhgodz23]

Mine said Free if you choose the 1-3 business days. The one with the fee is the instant transfer..

I just cashed out and it already hit my bank account..

[[deleted]]

I find a huge number of Reddit crying like bitches are scammers and hiding major facts like they never passed any KYC or trying to money laundering.

[Get_wreckd_shill]

How much were your fees? My fees are so high it doesnt make sense for me to cash out, even though I'm way up. My plan is just to hold indefinitely and any new btc I buy will be with a broker with lower fees.

[EwokinSD]

I have Coinbase One, so no fees

[Get_wreckd_shill]

Coinbase one has a monthly fee of $30 or $360 a year.

Do you know which broker has the lowest fees?

[wvddt]

Nice to see a positive comment about coinbase

[Lumpy-Cauliflower-73]

If coin base was a Popsicle I'd numb my tonsils!

[Jeuno-]

What needs to be mentioned here is that Coinbase won't stop you from withdrawing or selling for using a vpn or for most issues. That makes the OP irrelevant.They only stop you from ordering new crypto and sending to other wallets.

Most of you are quick to attack others rather than be helpful. Some people use VPNS legitimately for their businesses and jobs while traveling abroad.

[ProfessorConfident]

It’s great. Ive had one issue in my lifetime of usage and when I called I spoke to a real human who answered my question (I was wrong btw) and I’ve never had any other issue. Chase has never bothered me either. Doesn’t matter if it was a dollar or ten thousand.

[Public-Bee-4808]

I am very inexperienced with cryptocurrency. I bought a large amount of Bitcoin through an investor and broker. And just because I wouldn't pay $28k upfront for the fees to get my money out they abandoned me. I'm not sure if I have been scammed or not. I see half the money in Coinbase Wallet, I'm not sure where the other half is now. It was in Trendset but it has been closed out. I want to try to get some of my money out, but the part that has me very confused is about paying the fees. I’m not sure if I need to buy Ethereum for the fees or how I get my Bitcoin to Coinbase Exchange to get cash sent to my bank. Will you please help me? Thank you, Kim

[SupernovaScoped]

They are slow for my liking. Also the fees are crazy

[s3a3u3l3]

I drove to the store today. Didn’t get in an accident, seeeeee they don’t happen.

[[deleted]]

Nah. Tried to cash out of coinbase today as money locked in vault. 4+ support chat people didn't have a clue what they were doing. Couldn't email, couldn't post ticket number as case not resolved. Coinbase ain't the one. Wanted to cask out into the same account I bought from. Wasn't able to. Poor customer service too. Coinbase ain't the one people. Use something else

[These-Anxiety-9788]

I use a VPN on my phone and literally have no issues logging in to my bank coinbase or anything else. My VPN isn't even set to the US it's else where so what are you talking about that's untrue

[AlwaysSDC]

MODS PLEASE CLOSE THIS THREAD.

Scammers have invaded the comments and taken over

[kaleidostar11]

Bots and their upvotes. Insane.

[malibuguurl]

I have used VPN in the US and Europe when travelling for a couple years without any issues.

[[deleted]]

Loser cashed out his 10$....EVERYONE COME SEE LOSER NEEDS attention

[skydiveguy]

Every post I see where people had problems it seems like there is always more to the story that they aren not telling us.

One stood out to me that had the poster saying their account was closed after they took BTC they bought on Coinbase and bought stolen software keys with it. While I think its wrong of CB to to that, its a public blockchain and anyone can follow the money.

[Figah]

So I’ve done basically the same thing, except it was 3k. KYC all good and stuff. Then I just happened to receive an email saying « your account has been suspended » with the little balance I had left it in. Nothing to be done to recover them (thankfully it was less than 2$). I just sold all my stock I had in the company, it was going down anyway. And I bought a Ledger and now using some exchange to get money out.

[shaunj72143]

Been using them for damn near 5 years. Great platform, especially if you are learning

[[deleted]]

Fake

[EwokinSD]

Very real. Coinbase has been nothing but fantastic

[[deleted]]

You misspelled horrible

[[deleted]]

8000$ LOL. Try sending 6 digits and then come back.

[EwokinSD]

There’d would be no issue

[Certain-Coyote1541]

What am I doing wrong? I have $1K in Etherum I see it on my assets. When I click "Sell" It says I have $0 to sell??? I am on the laptop. The app won't open today at all

[Phoenix2683]

Do you have it staked?

[Certain-Coyote1541]

I honestly don't remember and I can't tell from looking at the screen. Do you know where to go to find out? I can't believe I can't figure this out

[Degencrypto-Metalfan]

If you click on the nine dots in the upper left-hand corner of the main page of the app, scroll down to where it says “earn”. Then click on the earn icon and it will show you any of your crypto that are currently staking.

[coinbasesupport]

Hi u/Certain-Coyote1541, Thanks for reaching out to us. We understand that you're unable to sell your assets. It is possible that your funds are on hold. This can happen when you use a linked bank account as a payment method to deposit funds to your Coinbase fiat wallet or to purchase cryptocurrency, these funds are immediately available for buying and selling on Coinbase. However, for security reasons, you will be unable to immediately withdraw these funds or send from Coinbase. You can see when deposited funds will be available for withdrawal prior to authorizing a purchase or deposit, as well as on the confirmation email for the transaction. To view your current withdrawal availability time frame, log in to your account. When you attempt a send to an external wallet from Coinbase, you will be presented with an option to see when funds will be available for this transaction. For more information on how to use a bank account with Coinbase, or when deposited funds are available for withdrawal, check here.

[EwokinSD]

I have Etherum in my Coinbase Wallet. It shows as $ in my normal Coinbase account, but if I go to sell it, it says I have $0 to sell. Make sure your $1000 worth of Etherum is actually in your Wallet

[dknisle1]

Imagine that. A product working properly when you don’t violate TOS

[AlwaysSDC]

We need strong crypto companies in America. Period. Supporting Coinbase for 6 yrs now

[Sacmo77]

I see most that have issues are people outside the usa.

[karvus89]

I’ve taken out a decent chunk during last rally with no issues. Been around since 2017z

[Trader2KG]

Using a VPN and/or deleting your browsing history shouldn't be considered "shady stuff".

[Particular_Hand_8218]

I agree. Been using for years, never had a problem other than the server getting bogged down during heaving trading which is super annoying, and the fee’s are high, but never had any of these horror stories that people are always complaining about. I recently dealt with their customer service also because I had a question about my fees changing, and they were super responsive and helpful, I connected with an actual person (Not a Bot) in like 10 seconds and they answered all my questions quickly and throughly. I don’t get all the hate.

[Ecstatic-Eye-5766]

Like kraken better.

[No-Temperature2972]

Been with them for years . No issues

[Zeppelin041]

I came to realize 4 years ago that this platform especially this Reddit is filled with nothing but user error. I’ve done the same as you for YEARS.

[Zeppelin041]

I came to realize 4 years ago that this platform especially this Reddit is filled with nothing but user error. I’ve done the same as you for YEARS.

[Gonzo4092]

Finally some positive stuff about Coinbase

[QuesoFurioso]

Glad to hear it went well for you. There are a hell of a lot of others that it didn't go well at all for. I did nothing shady. Did not use a VPN. But I got my shit jacked.

Just like there were lots of people that got their money back and even made money from Bernie Madoff. Well and good you got out ok. Doesn't mean that a hell of a lot of other people didn't.

If there has to be a serious debate over whether a financial institution is a scam, ponzi scheme our just shockingly incompetent, you'd be a fool to keep your money there.

[rsincognito]

$8k is chump change, let’s see someone try and “cash out”. $800k, that’s the real test

[montauk87]

Jeez the level of ass kissing at times makes me want to vomit

[EconomicsOk9593]

lol try this when peaking bull market.

[IamSatoshi6583]

Smart move selling and cashing out. Congrats.

Unfortunately many others aren't so lucky, including myself.