NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Coinbase Users Fume as Platform Experiences Growing Pains

Gautham
Gautham
4 years ago
2 mins read
NewsBTC_Coinbase GAX Ethereum Litecoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Coinbase has been around long enough to make a name for itself. The digital currency wallet and exchange has so far been considered as a yardstick, against which all the exchanges and wallet services are matched. However, the leading digital currency wallet platform seems to be having some growing pains which has left a trail of disgruntled customers.

Since Coinbase announced the launch of its GDAX exchange platform, many users have started voicing their displeasure about their experience with the platform on various social platforms. GDAX is a cryptocurrency exchange where one can trade bitcoin and ether. As the company continues to work on integrations, KYC and AML processes, many users are finding themselves either having their account disabled or limits imposed on their activities. If that’s not bad enough, the customers seem to be having problems reaching out to the platform’s customer support team.

coinbase reddit

These complaints have started to show Coinbase in a negative light, especially at the time when industry experts expect the digital currency company to lead the Bitcoin revolution. According to few posts on leading social media platforms, the customer service has been unresponsive for weeks. Some of the users claim that the platform has asked for their documents multiple times in the past and still continues to do so, even after them submitting it every time in the past. Those who decided to comply with the company requests are finding themselves unable to do so on their mobile application.

coinbase_twitter

gdaxThe new deposit and withdrawal policy on GDAX states that the users are allowed to make unlimited deposits into the platform, but when it comes to withdrawals, they can’t exceed $10,000 a day. The withdrawal limit includes both fiat and digital currency withdrawals, which can be quite challenging for those who do large volume trades or want to make legitimate transactions exceeding $10,000 from their GDAX accounts.

On the other hand, these may be few legitimate issues, faced by a company attempting to make some major upgrades to its operations. Also, with regard to the AML and KYC requirements, one can’t blame Coinbase for trying to play safe. However, the difference in withdrawal and deposit limits and blocking customers’ accounts may be a bit too excessive. In order to prevent a PR disaster, it is important for Coinbase to keep its customers constantly updated about the new developments and promptly respond to their queries to the customer support. If Coinbase doesn’t win its customers’ confidence, it may lose them to their competitors.

Ref: Reddit | Twitter | Image: Coinbase
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Cardano news

Cardano Sentiment Crashes To 5-Month Low As ADA Defends Key Price Level

Cardano’s mood music has flipped. Even as ADA has rebounded about five percent from its late-August lows, on-chain analytics firm...

Jake Simmons 1 hour ago
Criptomonede de viitor

Criptomonede de viitor care atrag atenția investitorilor în Septembrie 2025

Industria cripto nu mai este de mult un simplu experiment tehnologic. În 2025, ea s-a transformat într-un teren complex unde...

antonio 3 hours ago
кит и Биткоин

Киты сокращают позиции в Биткоине: что это значит для рынка

Средний объем владения у крупных держателей Биткоина снизился до минимума с 2018 года – показатель, который вызывает вопросы у аналитиков...

daria 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Cardano target $3 ATH met 400% rally door golden triangle analyse

Cardano target $3 ATH met 400% rally door golden triangle analyse

Lars Diederiksen 6 minutes ago
token6900-claim-live-prochain-spx6900

TOKEN6900 est lancé : prochain SPX6900 en vue ?

guillaumev 1 hour ago

News ETH: Andamento Prezzo Bitcoin ed Ethereum

clararosati 1 hour ago

Premium Sponsors

Press Releases

  • Анализатор прогнозира, че BTC ще достигне 125 000 USD този месец

    Анализатор прогнозира, че BTC ще...

    1 hour ago
  • Un analist prezice că BTC va atinge 125.000 USD luna aceasta – presale-ul HYPER se apropie de 14 milioane USD pentru modernizarea Bitcoin-ului

    Un analist prezice că BTC va atinge 125.000 USD luna...

    2 hours ago
  • Top Altcoins

    Presale tiền điện tử hot nhất tháng 9: Top 4...

    3 hours ago
  • Pepenode.io

    PEPENODE là Alt Coin nên mua ngay bây giờ – Các...

    3 hours ago
  • Giá MemeCore bùng nổ – PepeNode

    Giá MemeCore bùng nổ – PepeNode chuẩn bị trở...

    3 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.