COINBASE, INC.


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"Products" offered by COINBASE, INC. with at least one, but usually more complaints:

Bank account or service - Other bank product/service
Checking or savings account - Checking account
Checking or savings account - Other banking product or service
Checking or savings account - Savings account
Credit card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose prepaid card
Credit card or prepaid card - Gift card
Credit reporting or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Other personal consumer report
Debt collection - Credit card debt
Debt collection - I do not know
Debt collection - Other debt
Money transfer, virtual currency, or money service - Debt settlement
Money transfer, virtual currency, or money service - Domestic (US) money transfer
Money transfer, virtual currency, or money service - Foreign currency exchange
Money transfer, virtual currency, or money service - International money transfer
Money transfer, virtual currency, or money service - Mobile or digital wallet
Money transfer, virtual currency, or money service - Money order
Money transfer, virtual currency, or money service - Refund anticipation check
Money transfer, virtual currency, or money service - Traveler's check or cashier's check
Money transfer, virtual currency, or money service - Virtual currency
Other financial service - Foreign currency exchange
Payday loan, title loan, or personal loan - Installment loan
Payday loan, title loan, or personal loan - Pawn loan
Payday loan, title loan, or personal loan - Personal line of credit
Payday loan, title loan, personal loan, or advance loan - Pawn loan
Prepaid card - General-purpose prepaid card
Prepaid card - Mobile wallet
Virtual currency - Domestic (US) money transfer
Virtual currency - International money transfer

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Complaint ID: 5868943

Date Received: 2022-08-11

Issue: Other transaction problem

Subissue:

Consumer Complaint: I have been a Coinbase customer since XXXX. Since that time, I have had no issues with my account. On XX/XX/XXXX, Coinbase locked me out of my account for no reason, and did not send me an email to tell me that it was doing so. On XX/XX/XXXX, XXXX, XXXX XXXX, XXXX, XXXX XXXX XXXX XXXX, of XXXX I called Coinbase and they informed me that I would need to complete identity verification by sending in a photo of myself which included a picture of my ID and a note stating " FOR COINBASE AUTHORIZATION. '' I did what was requested and then I got no response. I called Coinbase again, and they put me on hold 4 times, and told me to expect a follow up email. An email had not been received after 24 hours. I called Coinbase again, again was told to wait for an email from the escalation team. At this point I have done what has been requested of me to do. I want Coinbase to restore my account. It should not be this difficult or time consuming to get identify verification completed. As well, I use my Coinbase for regular purchases and it is my primary means of payment, without it, I am without my capability to pay for things I normally purchase. Coinbase has shown no sense of urgency to restore my account so that I may continue doing my business as normal. They have denied me to delete my banking account information or have access to my funds

Company Response:

State: NC

Zip: 28277

Submitted Via: Web

Date Sent: 2022-08-11

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5868008

Date Received: 2022-08-11

Issue: Fraud or scam

Subissue:

Consumer Complaint: Commencing on or about XX/XX/2021, I fell victim to a multilayered scam operation orchestrated by Fake Representatives of XXXX XXXX ( the Scammer ), using XXXX XXXX XXXX XXXX XXXX XXXX all of which aim at contributing to the goal of robbing and defrauding clients, through a predetermined cycle of the clients losses to their gains. The equivalent of XXXX XXXX ( XXXX XXXX ) was transferred from my wallet utilizing Coinbase services

Company Response:

State: IL

Zip: 60005

Submitted Via: Web

Date Sent: 2022-08-11

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5867557

Date Received: 2022-08-11

Issue: Other service problem

Subissue:

Consumer Complaint: I was locked out of my Coinbase account and it's been over 5 days and I still have no access. I was told I would be able to access my account again on XX/XX/XXXX no later than XXXX XXXX XXXX. It's now XX/XX/XXXX and still I have no access. When I call customer service they tell me to basically wait indefinitely and that is unacceptable!

Company Response:

State: WA

Zip: 98028

Submitted Via: Web

Date Sent: 2022-08-25

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5864882

Date Received: 2022-08-10

Issue: Fraud or scam

Subissue:

Consumer Complaint: Commencing on or around XX/XX/2022, I fell victim to a multilayered scam operation orchestrated by XXXX ( the Fraudsters or the Company ), with the design, development, manufacturing, promoting, marketing, distributing, labeling, and/or sale of illegal and outright fraudulent investment services, all of which aim at contributing to the goal of robbing and defrauding clients through a predetermined cycle of client losses to gains in the equivalent of XXXX XXXX and XXXX XXXX which was transferred from my wallet utilizing Coinbase 's services.

Company Response:

State: FL

Zip: 34109

Submitted Via: Web

Date Sent: 2022-08-10

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5860763

Date Received: 2022-08-09

Issue: Fraud or scam

Subissue:

Consumer Complaint: On XX/XX/22 XXXX Etherium coins were transferred to a third party account without my knowledge or authorization. I have called and emailed Coinbase on numerous times trying to get a log with dates and times when the XXXX etherium coins were stolen. To this day I haven't received it.

Company Response:

State: OR

Zip: 97603

Submitted Via: Web

Date Sent: 2022-08-09

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5857222

Date Received: 2022-08-08

Issue: Unauthorized transactions or other transaction problem

Subissue:

Consumer Complaint: Coinbase and theyre bank XXXX let someone open an account in my name and withdrawal funds from my account and wont do anything to help the situation. I cant get a hold of a live person and they wont respond to my via email anymore. XX/XX/2021 - Coinbase Charged me XXXX XX/XX/2021 - Coinbase Charged me 3 seprate times all for XXXX each adding up to XXXX XX/XX/2021 - Coinbase Charged me twice for XXXX each adding up to XXXX that day XX/XX/2021 - Coinbase Charged me XXXX and again for XXXX. I few months later when i was doing my taxes i noticed the funds missing. My bank did a investagation but was unable to do anything since it had bee so long. I contacted Coinbase multiple times and the refuse to do anything even though they have since locked the fraudulent account and know it was fraud.

Company Response:

State: FL

Zip: 320XX

Submitted Via: Web

Date Sent: 2022-08-08

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5855560

Date Received: 2022-08-08

Issue: Fraud or scam

Subissue:

Consumer Complaint: Total Claim Amount {$43000.00} USD XX/XX/XXXX {$96.00} XX/XX/XXXX {$8000.00} XX/XX/XXXX {$16000.00} XX/XX/XXXX {$19000.00} XX/XX/XXXX {$100.00} XX/XX/XXXX {$400.00} The above transaction happened between Coinbase and XXXX. After I purchased Cryptocurrency on Coinbase, I initiated a transfer to a trading platform called XXXX. XXXX turned out to be a scam exchange platform. It is in my understanding that Coinbase verifies every platform where they agree to transfer funds to. But apparently they don't because they denied all responsibilities in the scam activity after I have sent them a complaint letter ( XX/XX/XXXX ) from which I never heard back.XXXX

Company Response:

State: MD

Zip: 20653

Submitted Via: Web

Date Sent: 2022-08-08

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5854324

Date Received: 2022-08-08

Issue: Unexpected or other fees

Subissue:

Consumer Complaint: I was notified at the end of XXXX that my account was on hold due to a balance I owed. The balance I owed was for a transaction Coinbase never received funds for. The amount was {$10.00}. I was notified to make a payment on their website or application. When I attempted to make the payment I continued to receive error messages or there wasnt even an area to pay. I received another message stating that after 5 business days they will automatically resolve the issue by taking funds from my current account balance. I have tried text/phone/email support over 10 times with no help. My complaints are being ignored and Ive been told Ill be in contact with a supervisor in a couple of days but its been over a month. My funds are locked and my ability to trade is restricted. I have the funds and have the ability to make a payment but due to a failure on coinbase I have lost those privileges and it is costing me money since I cant withdraw buy sell or trade. I want to file a law suit for monetary damages since I have been losing money for over a month and have been given no support from coinbase. They havent taken funds and all the troubleshooting methods have failed. The attachments included are screenshots of what Im seeing on my end. I can not click on make payment since it just brings me to the error message I have attached. Additionally the email link provided does not do anything for me its bring me to the same error message. On the web browser it does the same thing and tells me it will be automatically resolved in 5 days ( it has not ). I have tried different browsers, cleared cache and data, reinstalled the app, etc. this is coinbases fault and I need to be justly compensated.

Company Response:

State: MN

Zip: 55104

Submitted Via: Web

Date Sent: 2022-08-08

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5853101

Date Received: 2022-08-07

Issue: Fraud or scam

Subissue:

Consumer Complaint: Commencing on XX/XX/XXXX, I fell victim to a multilayered programming operation orchestrated by XXXXt ( the Fraudsters or the Company ). When redirecting to fake mining pools, application should aware client that he leaves app. I supposed that every activity is inside COINBASE WALLET sphere. I never got a message, alert, or notification about hazards. I demand to reverse back my lost funds - XXXX USD. I advised Coinbase of this fact on XX/XX/XXXX and I didnt receive any response so far.

Company Response:

State: CA

Zip: 92692

Submitted Via: Web

Date Sent: 2022-08-25

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5851706

Date Received: 2022-08-06

Issue: Fraud or scam

Subissue:

Consumer Complaint: I was scammed by a Fraudulent company named XXXX, their representative ( a woman online ) reached out to me and advised me to invest in them. I transferred my Funds via my Coinbase account to this Scam Company, i was not being cautious since I had thought that the website was legitimate, since nothing raised a flag that deemed it suspicious. I had initially invested a lot of money and after that they accused me of Money Laundering since I had placed so many orders. The scammers tried to make me pay a penalty of 9 % XXXX USD, but I had realized it was a scam and did not fall for it. I lost XXXX USD.

Company Response:

State: FL

Zip: 33176

Submitted Via: Web

Date Sent: 2022-08-06

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.