Coinbase, the largest cryptocurrency exchange in the United States, is currently facing a wave of user complaints regarding withdrawal issues and difficulties with other cryptocurrency transfer options. Users have reported that they are being restricted from sending or transferring their holdings.
The emerging situation has caused some panic among Coinbase users and the crypto community on social media. However, the cryptocurrency exchange has been causing such cases while experts have suggested why such restrictions are being imposed.
Coinbase faces backlash from users
One user X posted a screenshot that says âCrypto Sends Restricted.â He stated that no warning was sent by Coinbase before the purchase.
Coinbase responded to the issue raised by the user and asked him to send them a private message so that they can assist him in a better way.
Another user Y posted that âwithdrawing Bitcoin from Coinbase via Lightning took almost 18 hoursâ and is still pending.
The cryptocurrency exchange has asked the user to share their Coinbase-related email or transaction hash to verify the details. It advised the user not to share their password or sensitive account details with anyone.
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