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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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Virginia
1 review
2 helpful votes
Follow PJ S.
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Where do we start with how bad are Coinbase and Coinbase Pro?
1) Coinbase asked me three times to verify my I. D and each time they confirmed by email that my I. D had been verified and everything was fine.

2) Three times in that same email they said that a $5 bitcoin reward was on its way to my account! That was in December 2020 and beginning of March 2021. The $5 bitcoin reward never appeared in my account...
3) I transfered a small amount of XRP into my Coinbase Pro on Jan 5th 2021. Then coinbase informed me that they were suspending any buy or sale of XRP on their platform which meant that I had to transfer out of Coinbase my XRPs to another platform in order to sell my XRP or buy more... I tried at least half a dozen times to transfer out of Coinbase and within a few minutes or hours I would receive an email informing me that the withdrawal was canceled for the following reason:
"You are currently unable to send XRP. Please contact support."
I contacted many times Support and once they said they have passed my case to a specialist and never heard again from Coinbase.
Myself and my XRP are prisoners of the incompetence of and lack of duty of care from Coinbase.
They want to be listed on the stock market but they can even organise a simple withdrawal of crypto from their useless platform to a better run and managed external one!
What a bleeming JOKE...

Date of experience: March 12, 2021
New York
1 review
16 helpful votes
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It's a ghost town
March 11, 2021

This company has less than zero customer support. I am pretty happy i learned it before i transferred money there. Literally, i had one small question about what to put on an application for an institutional account and transfer there couple of million dollars. Tried reaching out to them for three weeks and there is zero feedback. It's a ghost town baby... Going to Gemini after this because i would hate to see how they operate after they already get the money.

Date of experience: March 11, 2021
Texas
1 review
0 helpful votes
Follow Charles S.
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This is rediculous. They have literally locked my account four different times now.

The last time, I was told it was due to a technical error and that it was fixed.

Later I was spammed with emails to "verify my identity" (Was done already). After (I'm not joking) five copy and paste responses from their 'support' team, I finally got someone to take 30 seconds to read the message I sent them. I was told this was an error and my account was unlocked. Now my account is locked again.

If you get an actual email response from them, that isn't a copy and pasted message (that has nothing to do with your message), you should go by a lottery ticket because your luck is astronomical.

If you are just starting out, I would recommend avoiding this company at all costs.

Date of experience: March 9, 2021
Pennsylvania
3 reviews
1 helpful vote
Follow Greg W.
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Cannot wait till a cheaper method comes along as these fees are insane and should be illegal. Why are they allowed to do this to people and their money?

Date of experience: March 1, 2021
GB
1 review
1 helpful vote
Follow John A.
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You join Coinbase by giving them passport details ect, and transferring £2 from your bank account.
They say your logged on and ready to go.
So you deposit money to trade with, in my case £500.
Next they block your account by sending you an email saying "your account is under review" and this may take 2 or 3 days.
No way to withdraw you funds (£502).
After a couple of weeks nothing happens and no way to get your money back.
I open a support ticket with they closed after week saying my request was solved.
I have done this 4 times over the last 8 weeks, same thing, they just closing my support requests.
My account is still under review and I can get my £502 back.
I would recommend that Coinbase should be avoided because they take your money and keep it.
It is a scam.
AVOID

Date of experience: February 24, 2021
New Mexico
3 reviews
15 helpful votes
Follow Rusty J.
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I just wasted five hours trying to use this app. It is basically a non-functional waste of time, but they WILL steal all your information before you realize it's useless. They have EVERYTHING about me, including photos of my driver's license (which they demanded twice, first shot wasn't good enough), and the app is still unusable. I cannot buy or sell with it, it is essentially an information hawk, and who knows where all my info went? I don't... I can't USE it.
My buddy with a Smart phone told me to use it. His works well. Perhaps, the android app is the problem. I no longer CARE.
I shared everything about myself, and can't use the app. I will NEVER trust them again. Five hours of jumping thru hoops brought me HERE! Don't make the same mistake. They deserve zero stars, and they really HAVE earned it.
YOU give them five unrewarded hours of your life, and all your personal info - tell me you don't agree.

Date of experience: February 21, 2021
California
1 review
2 helpful votes
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Coinbase is a NIGHTMARE!
February 21, 2021

Steer clear of Coinbase! They're completely unethical, as they randomly restrict accounts for no apparent reason & hold crypto purchases hostage while offering no customer service. Their entire system is automated, so there's no way to obtain assistance. All attempts to contact them get auto-reply emails only. Since Coinbase charges exuberant fees, it's ridiculous that they can't offer some customer service. They seem to be catering only to "whales" while sabotaging smaller accounts. Coinbase is a nightmare - please heed this warning! You'll save yourself hours of wasted time & excessive fees!

Date of experience: February 20, 2021
Georgia
1 review
1 helpful vote
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I wouldn't recommend coinbase to my worst enemy! Customer support doesn't exist. I've sold my bitcoins and having major problems retrieving my cash. STAY AWAY FROM COINBASE!

Date of experience: February 18, 2021
GB
1 review
0 helpful votes
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Recovery
February 19, 2021

I never believe that Bitcoin/Cryptocurrency is real because I have lost a lot of money to scammers until I was introduced to a Bitcoin/Cryptocurrency manager MR geizer tony who help me make $50k with the minimum of $5k. I never believe in him untilI I made my first withdrawal then I realized that his a genuine trader…. You don't have to worry about anything, he is a trustworthy person, he is going to help you recover all your lost and retrieve your money from your broker if they dont want to release it to you as he helped me also…. So if you are interested in Bitcoin/Cryptocurrency I would like you to contact
MR Geizer tony now. [ Geizertonyedwardo@ consultant, com OR WhatsApp *******064 telegram geizertonyedwardo] he is going to help you succeed as he has also helped me.

Date of experience: February 18, 2021
GB
1 review
1 helpful vote
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Customer Service
February 15, 2021

For months now coinbase has restricted my account. I am a UK customer and was all was fine until coinbase decided my DOB didnt match what they had for me. Basically, the DOB formate is different in the US but obviously my DOB matches and is the same. I must have put in over 20 tickets asking them to address this issue to no avail
The customer service is appealing and I have lost a lot of money because of it. I advise strongly that you dont open an account with them. I also know of other people who have had similar problems and the only option is to close your account.

Date of experience: February 15, 2021
Missouri
1 review
0 helpful votes
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Misleading
February 13, 2021

The platform misleads you showing you all types of crypto available. I created an account looking to purchase DOT and transferred money just to realize they advertise it but they do not actually support it.

Make sure they are supporting the crypto youre looking to buy before creating an account. Its taken me 10 days and endless emails with support to get my money back.

Date of experience: February 13, 2021
Indiana
2 reviews
13 helpful votes
Follow Charlie K.
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Horrible! Terrible! The customer service is very slow. The withdrawl availability takes 7 days or longer before you can withdraw. The fees they charge for buying and selling currency is outrageous. Absolutely do not deposit money in this app. I am dissatisfied. Negative starrating! They are scammy and if your money ever got in a bind, you can't contact them quickly or even at all. Try calling their customer service number and see what happens. You'll be deeply saddened. DONT USE THIS APP.

Date of experience: February 10, 2021
Florida
1 review
8 helpful votes
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I'm 10 hrs. Into trying to register with Coinbase and their bank linkage software is totally dysfunctional - can't link with TD Band or PNC banks. There is no direct customer support. All of this just to transfer Bitcoin from my Localbit account to a new Coinbase account. Ironic that Coinbase is only interested in my dollars and not my Bitcoin to set up a new account. Additionally, Sitejabber make your policy acceptance box more visible.

Date of experience: February 10, 2021
California
1 review
5 helpful votes
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On January 6th, 2021 around 9:57 pm I was doing converting some of my DAI crypto to DNT. DAI is a stable coin, which means it simulates the U.S. dollar and stays around $1.00. When I did this transaction it turned my 6,643.52 DAI with was worth $6,657.88 to DNT, which was trading at. 10 cents at the time to $3,932.42. Somehow $2,725.46 magically disappeared from my account! After going back and forth with Coinbase through emails because they do not offer phone service, they refuse to take blame for their mess up and refuse to reimburse me my money. I've spent almost $10,000 in my lifetime with Coinbase and they treated me unfairly. I'll leave some pictures below to prove my case. Please consider going with Binance or Kraken for your Crypto needs! I'm a day/weekly Crypto trader.

+3
Date of experience: February 8, 2021
Poland
2 reviews
15 helpful votes
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Hi there
I have 'Temporary blocked' account for over 1 month now. Multiple emails sent with screenshots including date and explanation and request to ENABLE account. Tickets raised. Calls made. No response from Customer support. Change of password made. Confirmation emails received. However access to account is not granted for over a month now. I am having account for over 2 years.
Think before registering to coinbase.
Seeking legal advise regards this case.

Date of experience: February 6, 2021
Texas
1 review
3 helpful votes
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No response from support
February 5, 2021

For 8 days the two factor authentication code is not working. I have requested help on three occasions and other than the canned response saying they will help me as soon as possible, I have not received anything from them.
Once this is straightened out I will be removing everything from this wallet and never use this company again.
Absolute horrible way to treat customers.

Date of experience: February 5, 2021
California
1 review
20 helpful votes
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Scam company...
February 2, 2021

Coinbase is totally a scam. They'll sell you crypto at inflated prices due to technical malfunctions on their end. Then they don't give you any customer support, it's impossible to talk to anyone at this company. How they are allowed to operate speaks to the integrity of the judicial system and financial system. You might as well just burn your money at least it'll keep you warm, more than you can say about the non-existent customer support at Coinbase. I would stay very far away from dealing with them.

Date of experience: February 2, 2021
New York
1 review
1 helpful vote
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Worst Crypto Exchange
January 30, 2021

Coinbase has twice not delivered currency to address or email addresses. It consistently closes cases without resolving the issue. They refuse to explain themselves, or have a manager contact you and there is no phone number to reach a real live human beings.

Date of experience: January 30, 2021
Nigeria
1 review
0 helpful votes
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Investment
January 29, 2021

The truth is, success and failure follows the same path, the same pattern, it's just a matter of habit that determine weather you fail or you succeed. Just like success, you don't fail over night, it's simple errors and judgments practice daily that leads to failure. So it's simple, if you're willing to do what most people are not willing to do, then you could have what most people could never have. Most of you will say it's not that easy, because if it was then we all be millionaires. If I tell you now that it is possible to earn over
$9550 weekly trading forex and bitcoin mining, a larger majority of you will say it's just another scam, others might be so skeptical to try this and only a few that do, actually see the light at the end tunnel because believe me you can earn that much weekly with a good investment. If you want to succeed, then you should be willing to take those steps that others won't, to enjoy those benefits that others can't so choose today to do what others won't, so tomorrow you can do what others can't. Inbox me geizertonyedwardo@ consultant, com OR WHATSAPP>*******064 OR telegram( geizertonyedwardo) and I will show you how to earn big investing in forex trading and bitcoin mining systems.

Date of experience: January 28, 2021
France
1 review
1 helpful vote
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NEVER TRUST COINBASE
January 28, 2021

I deposited 3000 stellar tokens on my account with correct address and the deposit is still missing 3 weeks so far i write support team 12 times after three weeks i get reply with link to help center and message... fix it your self... their support team is horrible their incompetence is limitless and after showing them proff of my translation still they didn't resolve my issue...
THIS IS THE WORST CRYPTO EXCHANGE THEY WILL ROB YOU FROM YOUR CRYPTO ASSETS OVERCHARGE YOU WITH FEES AND ANY PROBLEM THAT YOU HAVE WILL NOT BE RESOLVE HORRIBLE

Date of experience: January 28, 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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