Topic: Is Coinbase insolvent? - page 2. (Read 302 times)
Coinbase cannot be insolvent, because there are so many thousands of users signing up for Coinbase, they won't get insolvent at least for now. Can you provide some images to make your claim legit? The amount that you're withdrawing is also huge, and maybe Coinbase is being regulated by the SEC, so probably you can wait for some more time and see what happens. Coinbase won't run away with your 25,000$, if they had to, there are a series of consequences they'd have to think about dealing with first.
It makes me remember someone on Twitter saying "Who is crazy to trust Coinbase while they've never been able to prove the company's solvency"
In your case, could it be because Coinbase has sent the wire (and so marked as complete) but with the bank deadline it will be credited only in 2 or 3 days or more?
Their support is famous to be horrible by the way, and deserve an Academy Award for this.
In your case, could it be because Coinbase has sent the wire (and so marked as complete) but with the bank deadline it will be credited only in 2 or 3 days or more?
Their support is famous to be horrible by the way, and deserve an Academy Award for this.
I hate to mention the possibility that Coinbase could be insolvent, but 10 days ago I initiated a wire withdrawal from Coinbase to my investment account. Coinbase has debited my account 25k and labels the transaction as "completed" but my financial advisor has seen neither hide nor hair of the wire. Coinbase does not provide the fed number for the wire and has given absolutely zero response to my ticket. There are MANY MANY others in the same boat.
And why don't they provide us with the fed number for the wire? It's the first thing my financial advisor looked for, so he could troubleshoot and see if it's caught up somewhere. One might wonder whether Coinbase doesn't want us to be able to troubleshoot. Maybe they just want to delay delay delay.
I know that they're flooded with new customers yadda yadda, but there's no excuse for holding tens of thousands of dollars of someone else's money. This is how it ALWAYS starts. It is our duty as citizens of bitcoinlandia to consider the possibility of Coinbase insolvency, until they make sure that their customers' withdrawals go through without a hitch.
Case ID: 3496424
Edit: I will gladly update this thread once my wire goes through.
And why don't they provide us with the fed number for the wire? It's the first thing my financial advisor looked for, so he could troubleshoot and see if it's caught up somewhere. One might wonder whether Coinbase doesn't want us to be able to troubleshoot. Maybe they just want to delay delay delay.
I know that they're flooded with new customers yadda yadda, but there's no excuse for holding tens of thousands of dollars of someone else's money. This is how it ALWAYS starts. It is our duty as citizens of bitcoinlandia to consider the possibility of Coinbase insolvency, until they make sure that their customers' withdrawals go through without a hitch.
Case ID: 3496424
Edit: I will gladly update this thread once my wire goes through.
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