I'm trying to transfer my crypto from Coinbase, but it's not working. I don't understand why it's not allowing me to make the transfer. What could be the possible reasons behind this?
5 answers
Riccardo
Sun Dec 01 2024
Users may encounter issues when attempting to send cryptocurrency from Coinbase to another wallet. One common problem is that Coinbase may refuse to process the transaction.
KimonoSerenity
Sat Nov 30 2024
This can happen if Coinbase suspects that the transaction is not being made by the account holder. The platform employs various security measures to protect users from fraud and unauthorized access.
Isabella
Sat Nov 30 2024
When such a suspicion arises, Coinbase may delay the transaction to investigate its legitimacy. This is a standard procedure to ensure that the funds are not being transferred to a fraudulent account.
MysterylitRapture
Sat Nov 30 2024
If your transaction has been delayed, you may be required to provide additional information to verify your identity. This can include uploading a copy of your ID or providing other personal details.
Lucia
Sat Nov 30 2024
In some cases, you may also have to wait for up to 72 hours for the transaction to be approved. This waiting period allows Coinbase to thoroughly review the transaction and confirm that it is being made by the legitimate account holder.