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Why is Coinbase not allowing me to buy?

Posted on March 22, 2020 by Author

Table of Contents

  • 1 Why is Coinbase not allowing me to buy?
  • 2 What happens if bank declines Coinbase?
  • 3 Why has my Coinbase account been restricted?
  • 4 Why is Coinbase declining my card?
  • 5 Why is my Coinbase limit so low?

Why is Coinbase not allowing me to buy?

If your account is not yet recognized as a trusted payment source, you may not be able to buy crypto and add cash on your account. Coinbase uses an automated system to help us protect the community and our site from fraud.

What happens if bank declines Coinbase?

Let’s look at how this can happen: Money or cryptocurrency is immediately credited to your Coinbase account for this transaction. Your bank reverses the deposit or purchase and the cash value of this transfer/purchase is returned to your bank or card issuer.

How do I fix a restricted account on Coinbase?

How to remove this restriction

  1. Ensure that your email password and 2-step verification setup is secure.
  2. Perform a password reset on your Coinbase account.
  3. Contact Coinbase Support and provide the following: When the last successful sign in and authorized action on your account took place.
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What Debit cards work with Coinbase?

Visa and MasterCard debit cards can be used to buy using Coinbase. We’re unable to support prepaid cards or other cards without an associated billing address.

Why has my Coinbase account been restricted?

Why is my Coinbase account restricted? From time to time, due to violations of our User Agreement, Coinbase may restrict access to buy/sell services on a customer’s account. This can happen for a number of reasons including, but not limited to, high risk of fraud.

Why is Coinbase declining my card?

Your bank may have declined the charge (can happen for many reasons, including suspicions that you’re buying Bitcoin). coinbase tracks all incoming and outgoing transactions including Bitcoin specifically, so if any of those raised suspicions they may start blocking account or blocking your ability to purchase.

Is it safe to link Coinbase to bank account?

Is It Safe to Link My Bank Account to It? Yes! Coinbase protects all private information shared by its clients in much the same way as banks do.

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Will Coinbase refund if scammed?

Coinbase will issue a refund only in two situations when their error caused: An unauthorized transaction from your account. An incorrect transaction from your account.

Why is my Coinbase limit so low?

Coinbase account limits are determined by an algorithm which takes a variety of factors into account, including but not limited to, account age, location, transaction history, payment method, and verification steps completed. Unfortunately this means that limits can sometimes go down for customers.

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