this post was submitted on 25 Nov 2023
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The only people who are having problems with Coinbase are people who can't pass simple KYC. Why can't you KYC OP?
Frankly it could also be tax related. For some reason my government feels entitled to a portion of my crypto profits not the losses though.
We live in a society
Ever heard of a thing called privacy?
You should see what you allow when you connect an account to an exchange. All transactions and shit like that.
If that was your concern you wouldn't be going on a public exchange then
This is how the entire regulated financial system works. Grow up.
So, my 3-week lock on a 4-year account that is used regularly was because I can't KYC?
I deposited $500 directly from the bank and was prevented from doing anything with it for 3 weeks, without explanation.
I was not requested to provide any additional information I was simply told to wait.
I've been fully KYC'ed on Coinbase for many years. Not interested in having funds arbitrarily locked for months at a time because they believe they are protecting me from scams.