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Coinbase

1.5

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Coinbase Reviews Summary

Coinbase has a rating of 1.5 stars from 824 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers dissatisfied with Coinbase most frequently mention customer service, bank account and phone number. Coinbase ranks 58th among Centralized Exchange sites.

service
346
value
313
quality
301
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Texas
1 review
0 helpful votes
Follow Aravind K.
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Very high conversion fees, very high transaction fees, no proper support. Slow support ticket processing.

Date of experience: June 12, 2021
Nigeria
1 review
0 helpful votes
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Financial planning
June 10, 2021

Financial planning and discipline is key to one's financial freedom. Do you know you can earn for free using ***Future fees, com *** earn a massive return of five hundred percent weekly and also start investing for free with a free signup bonus.

Date of experience: June 10, 2021
Mexico
1 review
38 helpful votes
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To say worst customer service ever doesn't explain.
I've been locked out of Coinbase for 2 months, no fault of my own. It's a glitch on their end.
Zero customer service. No phone. No accountability.
It's an AI emailing and saying "your issue is being looked into by a specialist"
It isn't. I'm one of the countless customers locked out of life savings and Coinbase does not care.
Outrageously bad service by Coinbase. Having LA Times reporter looking into this untold story of how bad it is with CB. My Case # *******

Date of experience: June 9, 2021
Massachusetts
1 review
0 helpful votes
Follow William B.
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I could deposit easy enough but so far unable to withdraw funds. Impossible to get any help from the company. Say away, check out their rating on the BBB site.

Date of experience: June 9, 2021
New Zealand
1 review
8 helpful votes
Follow d s.
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I have been trading stocks, options, bonds for over 25 years. No problem to open accounts online: verify, fund, and start trading. I gave up on Coinbase. Verification process via webcam photo of driver's licence seemed straight forward. However, the process was never completed. Same impossible procedure via my phone app. Time to divest my Coinbase stocks. The company needs to get its software act together.

Date of experience: June 7, 2021
Florida
1 review
1 helpful vote
Follow Todd B.
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Awful app awful customer service will temporarily disable your completely verified account for no reason and they have no phone number or love chat to discuss... I've used coinbase sparingly over the years bc everytime, my money is locked up for a week to 30 days for no good reason... I tried using it a few days ago and lo and behold, they temp disabled my fully verified account for no reason... only have gotten bland computer generated replies to my emails. STAY AWAY FROM COINBASEAwful app awful customer service will temporarily disable your completely verified account for no reason and they have no phone number or love chat to discuss... I've used coinbase sparingly over the years bc everytime, my money is locked up for a week to 30 days for no good reason... I tried using it a few days ago and lo and behold, they temp disabled my fully verified account for no reason... only have gotten bland computer generated replies to my emails. STAY AWAY FROM COINBASE

Date of experience: May 28, 2021
California
1 review
0 helpful votes
Follow Steven F.
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I was told that CoinBase was the most established and best exchange for Crypto.
After full completing my account verification and linking my Wells Fargo Bank account, I tried to make my first BitCoin purchase. For some untold reason, the screen said my purchase was limited to $35,000 even though the linked account had $640,000 in cash available. I tried making a $25K purchase, but got a message saying my purchase was declined and to try again. I tried again and got the same declined message.
There is no way to talk to a representative at CoinBase, nor do they have a "chat" line available. I had to send a complicated message through their website and it took 24hours to get a response. They said they'd fixed everything and that I could now make purchases. However the price of BitCoin had gone up $5,000 in the meantime. I was able to make a $10K purchase, but immediately after, I was shut down again.
I checked with Wells Fargo and they said there was not issue on their end.
I sent another message to Coinbase. Again, after 24 hours, I got another automated message saying my account was ready to go and I was cleared to make purchases.
However, it wasn't true. The website would NOT let me make purchases of any crypto currency at any price – even $50.
Coinbase appears to be an automated system catering to small time investors.
They charge 1.49% commission on all purchases plus they build-in and additional 0.5% markup on the stated price of each currency, plus they charge a transaction fee.
For all these charges, one would expect a high level of customer service, which is absent.
I'd warn any serious investor against doing business with them.

Date of experience: May 26, 2021
New Jersey
3 reviews
1 helpful vote
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Good Wallet
May 26, 2021

They provide a very secured wallet to their users. They have very good layers of security you cnan use to protect your wallet.

Date of experience: May 25, 2021
Oklahoma
2 reviews
0 helpful votes
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COINBASE IS CRIMINAL
May 24, 2021
Updated review

7 DAYS AND COUNTING THAT I HAVE BEEN LOCKED OUT OF MY COINBASE AND COINBASE PRO ACCOUNTS. I HAVE NO IDEA WHAT THE VALUE OF MY TRADES ARE AT THIS TIME. THEY SEND DUPLICATE EMAIL AFTER EMAIL SAYING THEY ARE REVIEWING, BUT NOTHING HAPPENS. AT ONE POINT THEY SAID THE PROBLEM WAS RESOLVED, BUT IT IS NOT.

Date of experience: May 24, 2021

40 days locked out
May 20, 2021
Previous review

40 DAYS AND STILL LOCKED OUT OF MY COINBASE AND COINBASE PRO ACCOUNTS. THEY SEND DUPLICATE EMAIL AFTER EMAIL SAYING THEY ARE REVIEWING THE PROBLEM, BUT NOTHING GETS RESOLVED. I HAD CASH AND CRYPTOS THAT WAS WORTH $8,000, BUT I NOW HAVE NO IDEA WHAT THE VALUE IS.

Date of experience: May 20, 2021
Texas
2 reviews
5 helpful votes
Follow Tim R.
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My account was disabled through no fault of my own (I suspect it was because I cleared my cache). I did verify the account and now have to wait 72 hours. That wouldn't be a problem if they just put my money in the cash account to protect it from volatility. Instead it just sits in the Coinbase account and has lost 25% of it's value (and I can't touch it until Tuesday... maybe I will lose 50% of my value by then). This is the worst customer service of any business I've ever encountered. There is no customer service number and no way to put in a ticket on this issue. Just god awful!

Date of experience: May 23, 2021
GB
1 review
2 helpful votes
Follow Monika G.
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Scammers alert! Don't use this website unless you want to go bankrupt :(: (( :( they took everything I swear they just stole money it's not even traded they steal money thinking I can't count how much I deposited etc. It's a scam please please be aware it's not worth it

Date of experience: May 21, 2021
Michigan
1 review
0 helpful votes
Follow Aprl J.
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If their system is a human brain it's equivalent to be called $#*!ED. They charged three of my deposits twice. And they took my US dollar in Coinbase wallet bc they HAVE TO charge twice of everything. Basically, I was trying to use my wallet money to buy coins but they charged my bank instead they have no options to use wallet money to purchase? I dispute. My bank return my money Coinbase took the crypto money AND took my wallet money. BC they HAVE TO CHARGE TWICE on everything!

Date of experience: May 21, 2021
New York
1 review
2 helpful votes
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Unable to send out to my wallet, multiple failures with interface. Poor customer support, unable to comprehend the asked question, answers are often off topic. Some of the crypto I sent out to my wallet I never received because the fee was higher than transferred amount even though I did exactly as written on their website for minimum amount transfer requirement + separate network fee. So basically they just stole my money. It's been 2 weeks and so far they were unable to resolve the issue with the lost currency. Yes, I sent it to the correct address! Authorities should revoke their license.

Date of experience: May 20, 2021
Virginia
1 review
0 helpful votes
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Web access
May 19, 2021

Crashing and manipulating web access exactly at the time you need it the most, preventing "undesired" exchanges.
Please be very careful.

Date of experience: May 19, 2021
Maryland
1 review
1 helpful vote
Follow Jessica J.
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DO NOT use coinbase if you intend to send to a wallet to trade for crypto on alt exchanges. They are still holding the BTC I bought 1 week ago. Says 3 more days until I can send to an outside wallet. Meanwhile watching BTC tank and cannot trade for ARRR!
Criminal

Date of experience: May 18, 2021
District of Columbia
1 review
1 helpful vote
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Make sure that you don't get fooled into thinking you've made huge profits off of deposited money. It means that there was and is a negative amount to your account. If this is noticed. Stop selling and trading. Coinbase will continue to take money from your bank account. Don't Trust or use Coinbase.

Date of experience: May 18, 2021
Nevada
1 review
0 helpful votes
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It's a scam!
May 16, 2021

They'll do you right at the beginning then keep your coins like they did mine. I sent $2500 in XLM to my Coinbase wallet and it never got there. Turns out Coinbase requires an ID memo to complete the transaction. Which means, they received my $2500 in XLM and didn't put it in my wallet. They asked me to send another 15XLM from the same wallet to verify my as the owner. That 15XLM didn't make it to my Coinbase wallet either. So I tried sending from my Coinbase wallet out to my Edge wallet and it works fine. No reply from Coinbase after they asked me to send another 15XLM. $#*! THESE GUYS! GO SOMEWHERE ELSE! USE ANOTHER APP! EVERYONE KNOWS HOW CORRUPT THIS CRYPTO MARKET IS. SO, IT SHOULDN'T BE TOO DIFFICULT TO UNDERSTAND THAT THESE COINBASE $#*! HOLES ARE PART OF THE CORRUPTION.

Date of experience: May 15, 2021
Florida
1 review
11 helpful votes
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Horrible company
May 14, 2021

Horrible companyThe absolute worst customer service ever two months after getting a new phone still waiting for somebody to contact me and I get my money out. Avoid this company money gone no one to contact lesson learned

Date of experience: May 14, 2021
Pennsylvania
1 review
2 helpful votes
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Total Ripoff!
May 13, 2021

Can't sell, can't get an answer as to why. Can't transfer out, can't get them to tell me why. Can't even give them 0 stars as it's not an option.

My best guess is that Bitcoin is tanking and I wanted to get out. Now I want out of Coinbase. Planning to use any money I can get back to short their stock. I really thought Robinhood taught these people something, guess not.

Time to talk with a lawyer. They can pay what they owe plus lawyer fees and court cost!

Do yourself a favor, find another place to invest.

Date of experience: May 13, 2021
New York
1 review
1 helpful vote
Follow Bintou O.
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My life time work money is blocked on Coinbase. They locked up my account after I wrote a complaint concerning a technical issue from the platform! They didn't even let me remove my money before to lock my Coinbase! I'm so scared and I'm dying. I asked them to ignore my complaint and unlock my account but I keep getting the same automatic msg

Date of experience: May 12, 2021

From the business

Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency.


coinbase.com
Founded in 2012
San Francisco, California, United States
+153
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