
Coinbase
★★★★★ 1.3 · 6 Reviews
What is Coinbase?
Coinbase is a digital currency exchange, where you can buy and sell Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. It’s one of the largest cryptocurrency exchanges in the world with over 20 million customers worldwide. Coinbase allows users to securely store funds for trading and custody purposes, as well as providing an easy-to-use interface with tools to buy, sell, and manage their cryptocurrency portfolios. Coinbase also offers an online wallet so you can store your digital assets as well. Coinbase is a great platform for beginner investors who are looking to get started in the world of cryptocurrencies.
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Coinbase Reviews (6)
- ★★★★★0
- ★★★★★0
- ★★★★★1
- ★★★★★0
- ★★★★★5
Review Summary
Generated using AI from real user reviews
Coinbase has a severely troubled reputation among these users, with five of six reviews rating it one star.
The dominant complaints center on transaction delays and fund access problems. Multiple users report waiting days or weeks for deposits to arrive, transfers that fail to complete despite showing as processed, and unresponsive customer support offering only generic "wait longer" responses. One reviewer lost $1,000 in a stalled transaction; another describes waiting seven days for a Bitcoin purchase, only to have it cancelled after the price surged 80%. Users also cite restrictive trading limits that prevent meaningful investment activity and an unreliable verification system that locked one user out for two days.
The single three-star review acknowledges that transactions have "gone well" overall but still criticizes the verification code process as unreliable and suggests the platform is struggling with its rapid growth.
The criticism reads as systematic rather than isolated—delayed withdrawals, cancelled orders, account lockouts, and poor support responses appear across multiple reviews. Some reviewers use strong language about intentional wrongdoing, though the pattern described (delays followed by cancellations during price movements) could reflect operational chaos rather than deliberate fraud. Either way, user trust in the platform is severely damaged.
★★★★★
Thursday, November 2, 2017
“DONT USE THIS COMPANY. If your looking for an company…”
DONT USE THIS COMPANY. If your looking for an company that will cause you hours of headaches and make you want to punch multiple holes in your wall then use it. I put about 250 in and yet somehow with the prices going up when I eventually figured out how to transfer my money out (that will take you another couple of hours to get to work), I'm only getting about 180 now I don't care who you are but when you get screwed over that hard then there is no point in trying to work with a company like that.
★★★★★
Sunday, October 1, 2017
“I signed up with Coinbase a few weeks ago. I…”
I signed up with Coinbase a few weeks ago. I must say that the experience with that exchange is more than unsatisfactory! The limits imposed make it virtually impossible to make any gains in this booming crypto currency market. I since have have started trading with liviacoins.com, which has a speedy transaction process, thus allowing me to make trades commensurate with the level of funding I desire. If you want to deal in pennies or get scammed, stay with Coinbase.
★★★★★
Monday, September 25, 2017
“I signed up with Coinbase a few weeks ago. I…”
I signed up with Coinbase a few weeks ago. I must say that the experience with that exchange is more than unsatisfactory! The limits imposed make it virtually impossible to make any gains in this booming crypto currency market. I since have have started trading with liviacoins.com, which has a speedy transaction process, thus allowing me to make trades commensurate with the level of funding I desire. If you want to deal in pennies or get scammed, stay with Coinbase.
★★★★★
Friday, January 22, 2016
“You are going to get robbed. I have an open…”
You are going to get robbed. I have an open case with these people regarding a $1000 transaction that I initiated with Coinbase. Their website tells me that the transaction is complete, however I haven't received my funds yet. I keep writing to them and all i get is the "wait alittle more" response. I am very displeased with their service. I write to you as a warning. For the sake of your sanity and you money, DO NOT DEPOSIT or WITHDRAW any money into this service! They will flat out rob you. I have read the warning from other people and didn't listen. But the warning is REAL. DON'T MESS WITH THESE GUYS, THEY WILL ROB YOU. If you want details, I will give you all the details you need. HEED MY WARNING!! These people kidnap and rape your bitcoins. They are low level shady bottom feeders. They don't care about you the only take your money and give you the finger. I got raped by these scumbags for $1000. I am definitely filing a complaint with the Federal Trade Commission. To file a complaint Google "FTC". and look for "Submit a consumer complaint"
★★★★★
Thursday, December 19, 2013
BOB“I have been with Coinbase for over one month now.…”
I have been with Coinbase for over one month now. The transactions have gone well,but there verification code process is very unreliable! I think there tremendous growth is affecting there ability to maintain there system. So hopefully they can fix this problem soon, been trying to get access to my account for over two days now!!
★★★★★
Friday, November 22, 2013
Critical Mass, Inc.“Crooks. I followed their procedure to verify a bank account…”
Crooks. I followed their procedure to verify a bank account and after it was verified I ordered two BTC just to test it. They debited my account immediately but I had to wait 7 days for my BTCs. In that time the price went up 80%. Coinbase then canceled my transaction at the last moment because they said it, was 'high risk.' So in fact, Coinbase used my money to buy BTC, rode the price up, then canceled the transaction, keeping the profit. Nice work if you can get it.