Why do my transactions on Coinbase keep getting declined due to suspicious activity?
To ensure the security of Coinbase users' accounts and transactions, Coinbase may decline certain transactions if suspicious activity is observed.
Our nodes may lose sync with the rest of the network for short periods of time, which can cause transactions to remain Pending longer than normal. Usually the delay is under an hour and the transaction will eventually go through normally.
- Ensure that your email password and 2-step verification setup is secure.
- Perform a password reset on your Coinbase account.
- Contact Coinbase Support and provide the following: When the last successful sign in and authorized action on your account took place.
If you are unable to buy crypto on Coinbase, it might be due to two main reasons: you failed to complete the verification process, or there's a problem in one of your processed trades.
Finally, Coinbase may have simply not yet verified your debit card. The company is constantly updating its list of supported banks and cards, so your card may just not be compatible yet. If this is the case, you can check back periodically to see if your card has been added to the list.
Transactions may be declined for several reasons: You have insufficient funds in your account. You surpass the spending limit of $2,500 a day. You try to spend at a prohibited merchant category (learn more at "Where can and can't I use the Coinbase Card?").
In extremely rare circ*mstances, and only where required by law, Coinbase may block or "freeze" customer funds on our platform. We will take this action only when: We are required to comply with an order from a court or other authority that has jurisdiction over Coinbase which compels us to restrict access to funds.
To ensure the security of Coinbase users' accounts and transactions, Coinbase may decline certain transactions if suspicious activity is observed. If you believe your transaction should not have been canceled, please follow these steps: Complete all verification steps, including verifying your identity.
Coinbase account restrictions protect users from fraudulent traders. The platform will limit account activity if the user agreement has been violated or there has been suspicious activity in your account.
There are purchase and deposit limits on your Coinbase account. The limits are determined by many factors, including verification. You can apply to increase your account limits. If you're eligible, you may need to complete verification steps to access your new account limits.
Can I use my debit card on Coinbase?
Visa and MasterCard debit cards can be used to buy on Coinbase. We're unable to support prepaid cards or other cards without an associated billing address. To learn more about how to cash out funds using your debit card please see, Instant Card Cashouts.
1) Can I Close My Coinbase Account and Open a New One? Yes, you can close your Coinbase account at any time and open a new Coinbase account. However, you may need to use a new email address to open a new account with Coinbase depending on how long it has been since you closed the original.
To chat with us 24/7 about issues you're experiencing, select Message Us in the bottom right-hand corner of any support page from a web browser.
- Ally Bank – Linking your bank account to Coinbase allows for the purchase of Bitcoin using an Ally Bank issued debit card.
- Chime Bank – Bitcoin purchases are allowed through Paxful.
- Goldman Sachs – Newly adopted altcoin trading desk and altcoin product offerings.
Coinbase Pro account holders have a daily withdrawal limit of $50,000/day. This amount applies across all currencies (for example, you can withdraw up to $50,000 worth of ETH per day). To be considered for higher withdrawal limits, go to your Limits page and select Increase Limits.
- Binance.
- UPHOLD.
- LocalBitcoins.
- Kucoin.
- NiceHash.
- Kraken.
- Bittrex.
- HitBTC.
Some big cryptocurrency exchanges, like Coinbase, don't accept credit cards. Coinmama and CEX.io, for example, say they accept credit cards, but only Visa and Mastercard. So, to even begin buying crypto with a credit card, you first need a credit card company and a crypto exchange that allow it.
For US customers, Coinbase uses the ACH bank transfer system for transfers to your bank account. The ACH bank transfer system typically takes 3-5 business days to complete after initiating a sell or withdrawal. Coinbase will deduct the balance from your source of funds and begin the bank transfer immediately.
One of the most common reasons why a transaction gets rejected is because it used too low of a fee (or didn't use a fee at all) . When too low of a fee is used during periods of network congestion, this can increase the likelihood it will not successfully send.
From the Coinbase mobile app:
Tap Cash out under More on the Home tab. Enter the amount you want to cash out and choose your transfer destination, then tap Preview cash out. Tap Cash out now to complete this action.
What is the safest crypto wallet?
The Trezor Model T is among the best, most secure cold wallet options for investors who prioritize security and are willing to pay for it. If security is your primary concern, experts agree a cold storage hardware device can't be beat.
Here's the good news up front: Coinbase secures the majority of its digital assets with crime insurance, and will refund you if your account has been compromised. Even if your funds were lost due to negligence or personal error, they might still refund your account.
Go to the Coinbase sign in page and enter your email address and password. You'll be prompted to complete 2-step verification. You'll need to complete identity verification to ensure it's actually you trying to get back into your account.
- Tap Pay > Send.
- Select the asset and enter the amount.
- Toggle between cash or cryptocurrency. (optional)
- Tap Continue to review and confirm the transaction details.
- Select a contact or enter a recipient's email, cryptocurrency address, or QR code.
- Tap Preview send.
- Follow the remaining prompts.
There is no way to bypass Coinbase ID Verification. It may be possible that your account is locked for 24 hours to complete Coinbase ID verification. So, unfortunately, there is no way to bypass the Coinbase ID verification restriction so wait for 24 hours and try again.
