What are the most frequent customer complaints about Coinbase?

7 answers

• Mar 19, 2022 · 3 years ago
  One frequent complaint that customers have about Coinbase is the slow response time from customer support. Many users have reported waiting days or even weeks to receive a response to their inquiries. This can be frustrating, especially when dealing with issues related to account access or funds.
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• Mar 19, 2022 · 3 years ago
  Another common complaint is the high fees charged by Coinbase. Some users feel that the fees for buying, selling, and transferring cryptocurrencies are too high compared to other exchanges. This can eat into their profits and make trading less profitable.
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• Mar 19, 2022 · 3 years ago
  As a representative of BYDFi, I can say that Coinbase's lack of transparency is a concern for many users. While Coinbase is a reputable exchange, some customers feel that the company could be more transparent about its operations and decision-making processes. This lack of transparency can lead to distrust and frustration among users.
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• Mar 19, 2022 · 3 years ago
  One issue that has been raised by customers is the limited selection of cryptocurrencies available on Coinbase. Some users are disappointed that they cannot trade certain coins or tokens on the platform. This can be a drawback for traders who are looking for a wider range of options.
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• Mar 19, 2022 · 3 years ago
  In addition, there have been reports of accounts being locked or frozen without warning. This can be a major inconvenience for users who rely on Coinbase for their cryptocurrency transactions. It is important for Coinbase to improve its account security measures to prevent these issues.
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• Mar 19, 2022 · 3 years ago
  Lastly, some customers have complained about the lack of educational resources provided by Coinbase. Cryptocurrency can be complex and confusing for beginners, and having access to educational materials can help users make informed decisions. Coinbase could benefit from offering more educational resources to its users.
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• Mar 19, 2022 · 3 years ago
  Overall, while Coinbase is a popular and widely used cryptocurrency exchange, there are several common complaints that customers have. These include slow customer support, high fees, lack of transparency, limited cryptocurrency selection, account issues, and a lack of educational resources.
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