Everyday Coinbase becomes more and more like a bank. Crypto is suppose to help keep your identify secret, but the amount of verification that you have to do to use the service is ridiculous. The way Coinbase is heading doesn’t look good at all.
I have been using Coinbase for a while now to buy and sell mostly Bitcoin and Ethereum. Today I tried to log in as normal only to find out that my account has been blocked. I can’t get through to customer support on the phone and my emails are not being answered either.
A lot of people give Coinbase bad reviews, but for the most part it goes what it sets out to. The main goal of Coinbase is to introduce people to crypto trading in the easiest way possible. Which it goes very well. You can set up an account and buy some of the top cryptos with fiat money very quickly. Yes! It does have its problems, but overall it does work.
The only word to describe Coinbase is “Terrible”. They will put holds on your account for no good reason at all. Customer support will never answer questions in full, and the tickets you raise are sometimes closed without providing any help whatsoever.
The main problem with Coinbase is getting your account verified. Once that’s done then you’re good to go. Buying and selling the top cryptos like Bitcoin, Ethereum and Litecoin is pretty easy after that.
I mostly use Coinbase to cash out my cryptos back to fiat. I can do this in almost no time at all with the wallets they offer. Until another exchange can do this much better than Coinbase does at the moment, I will continue to pay the fees for the convenience they provide.