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Is it normal for a Coinbase account to be under review and what should I do in the meantime?

avatarAndrew DonahooDec 25, 2021 · 3 years ago3 answers

I recently noticed that my Coinbase account is under review. Is this a normal process? What should I do while my account is under review?

Is it normal for a Coinbase account to be under review and what should I do in the meantime?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, it is normal for a Coinbase account to be under review. Coinbase has strict security measures in place to protect user accounts and prevent fraudulent activities. During the review process, your account may be temporarily restricted from certain actions, such as making withdrawals or trading. This is done to ensure the safety of your funds and the overall integrity of the platform. While your account is under review, it is recommended to refrain from making any major changes or transactions. You can continue to monitor your account and reach out to Coinbase support if you have any concerns or questions.
  • avatarDec 25, 2021 · 3 years ago
    Don't worry, it's quite common for Coinbase accounts to go through a review process. This is done to ensure the security of your account and prevent unauthorized access. While your account is under review, you may experience some limitations, such as temporary restrictions on withdrawals or trading. It's important to be patient and wait for the review to be completed. In the meantime, you can still access your account and monitor your portfolio. If you have any urgent needs or questions, you can always contact Coinbase support for assistance.
  • avatarDec 25, 2021 · 3 years ago
    Yes, it is normal for a Coinbase account to be under review. During the review process, Coinbase may request additional information or documentation to verify your identity and ensure compliance with regulatory requirements. This is a standard procedure followed by many reputable cryptocurrency exchanges. While your account is under review, you may experience temporary restrictions on certain actions. It is important to cooperate with Coinbase and provide any requested information promptly. If you have any concerns or questions about the review process, you can contact Coinbase support for further assistance. Please note that this answer is provided by a third-party and not by BYDFi.