Cryptocurrency Q&A Why is Coinbase closing accounts?

Why is Coinbase closing accounts?

HanRiverVision HanRiverVision Tue Nov 26 2024 | 6 answers 1110
I've heard that Coinbase is closing some accounts and I'm wondering why. I use Coinbase for my cryptocurrency transactions and I'm concerned that my account might be affected. What are the reasons behind this decision? Why is Coinbase closing accounts?

6 answers

amelia_harrison_architect amelia_harrison_architect Thu Nov 28 2024
When users engage in activities that contradict the rules set by Coinbase, their accounts can be shut down.

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Martino Martino Thu Nov 28 2024
Fraudulent behavior is strictly prohibited on the platform.

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SamuraiHonor SamuraiHonor Thu Nov 28 2024
Using Coinbase for any illegal purposes is also a violation of its terms of service.

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Elena Elena Thu Nov 28 2024
Coinbase may take action to close an account due to various factors.

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Claudio Claudio Thu Nov 28 2024
One primary reason is the violation of terms of service.

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