r/Coinbase

My dad(57M) started investing in Bitcoin a few years ago, and has since gone down such a rabbit hole and I don't know when it will stop.

He had a decent amount of savings from selling our previous home, and it has all been put into coinbase(I feel like it's approx. 40-75k).

My mother and I begged him not to but he refuses to listen and is following what a family friend's son has told him about crypto.

I know the market dropped for Bitcoin pretty hard and he did lose a lot of his original investment, but somehow this has fueled him to throw more money into it. It's approx 4k every month, sometimes more. I don't know how he pays for bills or the mortgage because it seems like all his checks go into Bitcoin.

I admit I don't know much about Bitcoin or cryptocurrency, but is my dad making a mistake?

I feel like he should have invested a set amount of money and started investing with the profits from his original investment. I'm worried about his retirement as well, or the likelihood of his investments tanking and having nothing to fall back on.

Please advise if I should be worried. I'm so scared for his and my mother's future and I don't have the means to financially support either of them if things go south.

It won’t let me cash out my trade predictions balance, it let me cash out $11 earlier but nothing I have won that is in my account. Sorry if this is a stupid question, new here.

So I don’t have a coin base account but I keep getting texts giving me verification codes? I ever got one from coin base. I tried going on the website but since I don’t have an account I couldn’t talk to support. Anyone have any idea what I should do? I’ve had my number for a few years so I just don’t want it to be anything sketchy/scammy. Thanks!

I have twice attempted to use funds from my Coinbase app to buy something from a website, but both times have failed. Coinbase confirms it has been approved, sent, and is taken out of my bank account, but the money never appeared in my account on the other website. I have contacted support on both ends and not gotten an answer as to where my money went. I had already done this process successfully the first time with no trouble, but for some reason the second and third time have resulted in this. Does anyone know if I somehow did something wrong on my end or where my money has disappeared to? Or how I can get it back if it’s possible?

I logged into my coinbase account to find that $500 BTC purchase was made that I absolutely did not do…

Is there a recurring purchase kind of feature that I unknowingly turned on?

one of the ansem coins just went from 4.14 to 1.7 to .00009, why did i enter lol

I sent myself RBLK tokens and they are showing up under my wallet address on etherscan but they are not displaying on my ELLIPAL cold wallet. Anyone know what’s going on or what I can do??

Guys I am a nobody looking to start a crypto currency trading company in which the user hires themselves and contributes 10% of their earnings to the company....here is my Whitepaper. Is this INCREDIBLE GENIUS...OR INCREDIBLY DUMB

SlowLeak: A crypto currency company designed with a reverse hiring process in mind.

Each user of SlowLeak actually chooses the company and essentially hires themselves with a standard $100 pot to begin free of charge.

The $100 pot is provided to the signee as they join the company with a 10% pool peg which is 10% of all trades you make in the future going to SlowLeak provided the fact that you use our free $100 pot to start your trading.

ANYONE can sign up and get the free $100 dollars to trade with granted they only can cash out the profits they make AFTER the $100 dollar - 10% pool peg for example :

Say a trader who signs up for SlowLeaks $100 trading account, starts to trade with the $100 starter sum and 10x's the account to 1,000, In doing so that trader makes 900 dollars without needing a dime to start and also SlowLeak profits $100 dollars or 10% of essentially " infinite " profits while only ever ever risking  $100 per account.

Is this a SlowLeak to doom, or SlowLeak realease into a free environment??

I keep unlocking my account (for some reason), license, face scan, then this. Anyone experience this?

I unlocked, 10m later withdraw to bank, email it's locked now again..

Why isn’t it working when trying to bet on some underdog teams as the overall winner? Only works for France and Argentina so far

Hello,

I'm writing because I've run into a serious problem with Coinbase. I've had my account for several years, and I originally created it using my passport.

Recently, I deposited $130, only for my account to be locked due to an identity verification requirement. I didn't think this would be a major issue, so I started the verification process. However, it turned out that neither my Polish national ID card nor my Polish passport would be accepted.

After several hours of talking to customer support, I was told that I could only verify my identity using a driver's license. Since it was late at night, I decided to leave it and try again the next day.

The following day, I tried once more to verify using my ID card and passport, but they were still rejected. I contacted support again, and after several more hours of conversation, I was informed that in my country (Poland), identity verification is only possible with a driver's license.

This makes absolutely no sense. Not only was my account originally created using my passport, but now I'm being told that I must have a driver's license to verify my identity. As everyone knows, not everyone has a driver's license, and obtaining one would cost me around $1,000–1,500 and take several months.

On top of that, Coinbase does not allow me to withdraw my funds until I complete the verification process.

Has anyone experienced a similar issue? Were you able to resolve it somehow?

i know coinbase is more of a coin focused app/brokerage rather than a stock one but, they should add a feature like robinhood where you can sell or buy custom amount of shares instead of buying whole shares when the market is closed, and it will queue it for when the market is open again. it would be super convenient especially since i forget to sell certain stocks sometimes and then i have to wait one business day for my money to come back into my account.

I placed a $100 wager. That resulted in having $81 in value after fees. Now I want to cash out after a 44% return and I’m being charged $18 in fees. So even though my prediction increased 44%, I still end up losing money. Explain to me how that works

My father has been doing some crypto and asked for help and I’m not sure about any of this stuff

He wants to withdraw the money he was told to invest into but when we. Try to turn it into usdc or whatever it says liquidity to low

Can someone dumb this down for me and help me figure what to do to get him his money

Hey all,

I’m dealing with a frozen crypto withdrawal on Coinbase and I’m honestly at my wits’ end. I’m posting here both to vent and to see if anyone has dealt with something similar.

Short version:

• I had a transactionl of 37.241165351 SOL to Coinbase blocked.
• At first Coinbase support told me it was due to EU regulations.
• Then I was told to apply for a Luxembourg government license.
• After that, I was told to apply for an OFAC license.
• Then support said OFAC does not apply, and that it was actually a EU Travel Rule / Regulation (EU) 2023/1113 issue, and I needed to complete a “Depositor Information” form.
• When I asked where the form was, the link they gave me just redirected to a normal Coinbase page and did not show any form.
• After I pushed back and explained I couldn’t find any sanctions hit on the sending address, they went back to saying I need to apply to the government of Luxembourg again.

So right now I have no clear answer on:

1. Whether this is actually a sanctions issue or just internal compliance / Travel Rule review.
2. Whether I need to apply to OFAC, Luxembourg, or neither.
3. Where the supposed Depositor Information form even is.
4. What exact legal basis Coinbase is relying on.

I’ve spent hours in chat support and keep getting contradictory answers. One agent says one thing, the next says the opposite. I’ve tried to cooperate the whole time, but it feels like I’m just being bounced around.

I’ve also checked the public OFAC sanctions search tool for the sending address and got no result, which makes the whole thing even more confusing.

At this point I just want to get my funds out and never use Coinbase again.

Has anyone dealt with something like this? Any advice on how to get a straight answer out of Coinbase or how to escalate this properly would be appreciated.

Okay so I’m super new to investing and a lot of of my research is talking about XRP. What’s the hype surrounding it and how much should I throw in if it’s worth it?
I’ll learn better if I knew how real people felt about this.

I went online to see if I would be able to sell stocks today it says the market closes early at 1pm today but I was awake when it was supposed to open and it never did. Am I mistaken was it not going to open today?

I want to create an account on coinbase and when I add the email and password to then the next page says to download base wallet app and I already have downloaded it connected it to coinbase etc but coinbase still prompts me to download the base app. What’s the fix ??