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levifig | 8 years ago

From my personal experience, you have another month to wait… I waited 6 months for a withdrawal to be handled. To be fair, I withdrew to the wrong account number (to Simple, to the old account number with Bancorp), but the bank bounced the transfer and the funds were returned within the week. After that, Coinbase drug their feet for 6 months before I finally got the money right around Christmas time (i.e. I initially withdrew in June).

What bothers me even more than horrible communication is the fact that I converted BTC to USD and withdrew the money because I need the cash at the time (baby + move) and never saw it until much later. Had I kept it BTC–which I would've had I not needed it–that same BTC would've been worth about 8x what I got.

I don't want to scream "foul play" but it REALLY seems that way. There's NO WAY it takes 6 months, including a lot of pointless repeated "Have you checked with your bank? We're so sorry it's taking so long."

So yeah… good luck with Coinbase support. FWIW, Coinbase is the reason I'm done with crypto for good (as currency/investment). It's a minefield of bad actors and greed, incredibly susceptible to foul play and literal criminal activity. I willingly paid more fees with Coinbase because I thought they were a legit business… Nope!

I would normally end this with "…but mileage may vary." Not here. Good luck and godspeed, my friend. o/

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