With many governments now recognizing and acknowledging virtual assets, cryptocurrencies are attracting more and more investors and traders. Cryptocurrency exchanges are the easiest way to purchase sell or trade crypto currencies. A crypto currency exchange is an online trading platform which offers users to buy and sell hundreds of cryptocurrencies. Coinbase is one such crypto currency exchange. Coinbase is one of the oldest and biggest crypto currency exchange. It has moderated transactions between users since 2012. Coinbase is an American user-friendly Cryptocurrency Exchange which is trusted by over 73million users across the globe in more than 100 countries with 255 billion dollars in assets on platform. it is a basic and simple crypto exchange offering tons of crypto currencies to purchase
HOW TO START
Coinbase is a basic and uncomplicated crypto exchange with a user-friendly interface allows easy transactions even to the beginners. While beginners prefer the original platform, for the advance users the company runs a separate platform known as Coinbase pro which gives access to additional features.
Coinbase offers a reasonably quick verification with a simple process. Similar to an online brokerage account users are required to submit their personal details along with their govt id and social security number. With these documents available at hand the verification is done under 10 minutes The account management is also simple.
WHY DOES YOU ACCOUNT GET RESTRICTED?
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Violation of coinbase user agreement
In most cases, Coinbase Account freezing is strongly related to violations of the user agreement. When you sign in to coinbase, you automatically accept the platform’s user agreement. Coinbase is pretty clear with this: failing to comply with these rules will cause a customer’s account to be frozen, limited or even deleted.
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Unusual activity on your account
If coinbase finds any evidence of fraud or suspicious activity on customer’s profiles, they will
immediately limit the account. Most times, accounts frozen due to unusual activity are
meant to avoid the high risk related to the loss of the user’s assets.
In that case, its fundamental to always activate additional security measures, such as phone verification and two factor authentification.
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Failed to complete verification process
identifying your identity is fundamentalfor withdrawing money from coinbase, linking your bank account, and more.
To complete this verification process, you will be asked to provide personal documents, as well as your home address, financial details and more.
Sometimes, you won’t be able to add payment method unless you complete the review process efficiently.
Your phone number, email id, account data and more needs to be correctly verified in order to access all the features available on Coinbase Platform.
HOW TO FIX YOUR RESTRICTED ACCOUNT?
Before proceeding, keep in mind that Coinbase will provide you with a message where they properly state the reason for your account limitations. Of course, the information we just gave you is meant to give you a bigger picture of what happened with your account. But, on the other hand, finding the best way to fix your frozen account can only be achieved through two proven methods
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Perform a password reset
In case we are talking about a minor limitation in your account, mostly related to security issues, performing a quick password reset might be the perfect solution for your problems. Follow all the steps that appear on the screen, and you’ll be good to go.
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Try contacting coinbase support
this is number one fix for these problems. if you can’t withdraw funds to your bank account or simply can’t get into your profile then contact coinbase support.
the team will ask you to provide important personal documents and more details regarding your case.
what’s more they will state the reason for blocking your profile which will later on help you solve it.
whenever you face a hard freezing the best course of action will always be to contact the support team as soon as you can.
worry not increase your account gets frozen you will you will still be able to move your funds if they are determined that you can’t use coinbase anymore.
coinbase offers 24/7 support. coinbase crypto exchange has live chat support. If you do not prefer call support, then Coinbase Crypto Exchange also provides an email address so users can also mail their issues