Source: DailyMail Traders on the platform were more annoyed this time around given that the Coinbase problem came right at the peak of this bull season when bitcoin costs went as high as $19,700 on numerous exchanges.
The post Why Coinbase Freezes Customer Accounts During Bitcoin Bull Runs? appeared first on Coingape.
Numerous San-Fransico-based consumers have really come out to report a comparable experience with the cryptocurrency exchange. The impacted users exposed that they got a message from the exchange asking them to re-upload their recognition evidence in the type of a driving license or passport, nonetheless, numerous users complained that regardless of re= publishing the files, their account went under evaluation with no caution or factor behind the extremely same.
“I believed this was odd as I was currently confirmed, he notified This is Money, nevertheless did the required actions anyway.”
“Since then my account has in fact been blocked from accessing my possessions completely. I can not trade, transform, or withdraw my coins. I have money that is acquiring no worth that I wanted to transform to bitcoin.”
Coinbase, one of the leading cryptocurrency exchanges in the United States has been infamous for crashing throughout times of bitcoin rate rise. Now another report states that the leading exchange has frozen millions of customers out of their account throughout the peak bull season starting towards the completion of October.
Coinbase Unfreezes Affected Account But Does Not Reveal the Reason Behind It Clients who were impacted by this unusual technical problem exposed that the concern seems to be arranged out as they had the ability to login back to their Coinbase accounts, however, the crypto change is yet to provide a piece of information behind such occasions. In 2020 alone there have been at least 10 outrage occasions on the Coinbase exchange which have really forbidden the user from trading on the platform.