Topic: Have any of you ever had your Coinbase or Circle accounts closed? - page 2. (Read 2600 times)
April 22, 2016, 05:40:41 PM
I'm using Coinbase as my main wallet and I never had problems with it because I'm trying not to break their terms of use. I never using Coinbase wallet for depositing or withdrawing from gambling sites.
April 22, 2016, 04:44:54 PM
for me I haven't tried any of them , cause they don't accept registrations from my country
but I heard a lot of stories about coinbase closing accounts due to some gambling activities but never heard about closing accounts due to high volume
indeed they don't take the bitcoins they only ban you from using their services in the future , so it's not a big deal I guess
but I heard a lot of stories about coinbase closing accounts due to some gambling activities but never heard about closing accounts due to high volume
indeed they don't take the bitcoins they only ban you from using their services in the future , so it's not a big deal I guess
Circle is not available in my country too, but I am for over a year with coinbase and i never ever had a problem with them. A very straightforward service with a even better support team.
A+ from me.
April 22, 2016, 01:54:43 PM
30 grand a month is a hefty chunk of change. I'd be looking elsewhere. Maybe some type of OTC deal. There's no way I'd want my money and coins tied up with trigger happy guys like Coinbase.
April 22, 2016, 10:59:14 AM
for me I haven't tried any of them , cause they don't accept registrations from my country
but I heard a lot of stories about coinbase closing accounts due to some gambling activities but never heard about closing accounts due to high volume
indeed they don't take the bitcoins they only ban you from using their services in the future , so it's not a big deal I guess
but I heard a lot of stories about coinbase closing accounts due to some gambling activities but never heard about closing accounts due to high volume
indeed they don't take the bitcoins they only ban you from using their services in the future , so it's not a big deal I guess
April 22, 2016, 10:39:49 AM
Some people on reddit have reported Coinbase closing accounts because the coins went to gambling or pharma sites. Have no idea how Coinbase is monitoring this - perhaps they have a blacklist of addresses you get into trouble for sending to?
No there is no such blacklist of addresses as most of the addresses are not reused again in case of gambling sites.Unique address for every player.However they belong to the same wallet ,which could be easily found with service such as walletexplorer .Most of the accounts closed by coinbase were gambling wallets,has nothing to do it volume though!
So Coinbase was tracking wallets, is that what you are saying? How do they know which wallet belongs to gamblers and which don't?
Yes they do it imo, afaik they track some hot wallets of well known bitcoin gambling sites like betcoin.ag so when their users receive from one of the tracked hot wallets of gambling site then they will ban the users. That's why many people avoid coinbase if they want to use their btc to gamble.
April 22, 2016, 09:45:57 AM
Some people on reddit have reported Coinbase closing accounts because the coins went to gambling or pharma sites. Have no idea how Coinbase is monitoring this - perhaps they have a blacklist of addresses you get into trouble for sending to?
No there is no such blacklist of addresses as most of the addresses are not reused again in case of gambling sites.Unique address for every player.However they belong to the same wallet ,which could be easily found with service such as walletexplorer .Most of the accounts closed by coinbase were gambling wallets,has nothing to do it volume though!
So Coinbase was tracking wallets, is that what you are saying? How do they know which wallet belongs to gamblers and which don't?
April 22, 2016, 08:06:13 AM
Some people on reddit have reported Coinbase closing accounts because the coins went to gambling or pharma sites. Have no idea how Coinbase is monitoring this - perhaps they have a blacklist of addresses you get into trouble for sending to?
No there is no such blacklist of addresses as most of the addresses are not reused again in case of gambling sites.Unique address for every player.However they belong to the same wallet ,which could be easily found with service such as walletexplorer .Most of the accounts closed by coinbase were gambling wallets,has nothing to do it volume though!
April 22, 2016, 07:51:53 AM
Some people on reddit have reported Coinbase closing accounts because the coins went to gambling or pharma sites. Have no idea how Coinbase is monitoring this - perhaps they have a blacklist of addresses you get into trouble for sending to?
April 22, 2016, 06:12:01 AM
I have read on this forum so many thread regarding coinbase and xapo closing down the accounts who are in gambling or some suspicious trading in bitcoins , but i have not got any problem like this and i am a very small gambler so they wont bother it. But now i think i have to switch over to desktop wallet which will be safe if any day they just close my account before itself knowing their trouble and then cry.
Thanks for the information on coinbase wallet.
Thanks for the information on coinbase wallet.
Gentlemen, if you can't see the need to start converting BTC into anonymous coins immiediately after acquiring them from the coinbase boys, you're missing the bigger picture. We just need markets to start accepting those coins exclusively, for everbodiy's protection.
April 04, 2016, 12:16:07 AM
I have read on this forum so many thread regarding coinbase and xapo closing down the accounts who are in gambling or some suspicious trading in bitcoins , but i have not got any problem like this and i am a very small gambler so they wont bother it. But now i think i have to switch over to desktop wallet which will be safe if any day they just close my account before itself knowing their trouble and then cry.
Thanks for the information on coinbase wallet.
Thanks for the information on coinbase wallet.
April 03, 2016, 02:42:52 PM
I've read many reports of these two companies closing accounts for "high volume inconsistent with personal use" so was wondering if any of you have ever had your Coinbase or Circle accounts closed for "high volume"? If so, what were your monthly buy amounts before they asked for AML/KYC details?
so far i never felt that,conbase is so good so far,i never found any problem.but i watch from some thread that coinbase often to close some accounts with unrational reason,but one thing that make me sure that coinbase hate gambling site,they will close some wallet if that wallet receive bitcoin from gambling site.
April 03, 2016, 10:07:14 AM
I believe what they do is a normal safety implementation by doing it since, sudden increase of volume than usual could actually be a reason to someone earning in a dishonest way and they do this to make sure it won't happen. I'm sure if you could prove than nothing on your side is against their rules, they would re-open your account. On a side note: Coinbase literally suspends account to a lot of reason and the reason for your account suspension could actually be something else. I tried to open an account in the past with them, but the minute after account creation, my account got suspended due to my location.
April 03, 2016, 07:11:59 AM
I have never heard either of the websites closing accounts due to high volume of buy or sell but due to inconsistency and account details mismatched, just for security purpose.
Sure coinbase will close your account if they think there is something suspicious like a high buying/selling transaction volume.They need to verify user with huge transaction volume to avoid something illegal, coinbase not allow any illegal activities in their service like gambling, ponzi etc.
April 03, 2016, 06:22:28 AM
My CoinBase account got suspended without any reason. I think this would have been due to the fact that i got some satoshis from the gambling sites.
After that i withdrew all my btc to desktop wallet and stopped using it.
After that i withdrew all my btc to desktop wallet and stopped using it.
April 03, 2016, 03:57:32 AM
Well any BTC going out of my Coinbase/Circle account is always passed through a mixer for privacy. Any coins going back in may also pass through a mixer depending on where it's coming from.
I know it's against Coinbase/Circle policy to trade bitcoins, but I feel that is my right as a customer. So I currently just say I'm using their BTC for investing and business when Coinbase had asked me recently.
I wonder why they offer $10K per day buy limit, if they would limit me for buying $30K per month consistently?
I know it's against Coinbase/Circle policy to trade bitcoins, but I feel that is my right as a customer. So I currently just say I'm using their BTC for investing and business when Coinbase had asked me recently.
I wonder why they offer $10K per day buy limit, if they would limit me for buying $30K per month consistently?
April 02, 2016, 12:41:28 PM
As of now i never experience it yet but i heard it many times here in our forum also in reddit.. Also they are closing you account if you are receiving a bitcoins from gambling site so better to talk the support if what are they rules...
April 02, 2016, 11:58:24 AM
Yes, my coinbase account was closed due to inactivity, I made it when I started with BTC but realized the importance of private keys after that and stopped using it once and for all.
Most definitely YES.
Thanks guys. If I were to buy $30,000 USD per month, would they close the account and require me to have AML/KYC licenses and policies?
Most definitely YES.
April 02, 2016, 07:45:57 AM
Thanks guys. If I were to buy $30,000 USD per month, would they close the account and require me to have AML/KYC licenses and policies?
This is a big amount to buy monthly, i would highly suggest to contact directly coinbase or circle, i have read that if they close your coinbase account they will ask you to for an external address to send the remaining bitcoins but research to be sure.
April 02, 2016, 07:21:53 AM
Thanks guys. If I were to buy $30,000 USD per month, would they close the account and require me to have AML/KYC licenses and policies?
maybe you should ask the support or search the website when verification is needed?maybe some articles in the FAQ are helping:
https://support.coinbase.com/customer/en/portal/topics/771345-our-customer-commitment/articles
April 02, 2016, 01:59:03 AM
Thanks guys. If I were to buy $30,000 USD per month, would they close the account and require me to have AML/KYC licenses and policies?
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