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My Coinbase Account Is Restricted - SOLVED!

Dave Miller with Online Cloud Security

Dave Miller – Tech Enthusiast & Security Expert – November 29th, 2021

My Coinbase Account Is Restricted - SOLVED!

In this era of cryptocurrencies, it becomes your part of life if you commonly use and trade online. Coinbase is proved to be a real friend of yours that allows you to manage your funds easily. But many users complained that their Coinbase account is restricted without any reason.

Well, you all know that there is always some reason behind any happening. So surely, there are a few reasons behind the restriction of the Coinbase account.

In this article, you will know about the solutions to recover your account safely if your Coinbase account is restricted and know about reasons so that you can avoid any restriction in the future.

Reasons Why Coinbase Restricts Accounts

Coinbase never restricts you from accessing your account unless something unusual happens. So there are a few scenarios when Coinbase restricts your account temporarily. These reasons are l isted below:

  • Sometimes, a malicious user tries to attack and hack your information or misuse it. When Coinbase observes any activity that suspects a malicious user attack, then they restrict your account.
  • While processing your account recovery, if any security issue is detected, your Coinbase can be restricted for
  • Last but not least, if you request Coinbase to restrict your account after noticing some action that you do not

 

In all these situations, your account will be restricted temporarily, and it can easily be recovered after going through the verifications process, so you don’t need to worry much.

 

First Way to Remove Coinbase Restrictions

If your Coinbase account is restricted, firstly, ensure that your personal information like password and 2-step verification is safe.

After ensuring that your private information is secure, perform a password reset instantly. After resetting your account’s password, contact the support team and get ready to answer these questions.

Coinbase Help center
  • Coinbase’s support will ask you about the last authorized login to your
  • Moreover, they will ask you about transactions. Tell them if some transactions happen without your permission and provide details like timing and the exact.
  • In addition, if you got any additional information about the attackers and how your details were compromised
  • If you think you have any other information that can help understand the attack, provide it as it may help to increase the pace of recovery.

After answering these questions, you have to wait at least 10 business days to complete this recovery process. Sometimes, this wait becomes longer if your account is facing some serious problem.

The BEST Solution If Your Coinbase Account is Restricted

Here is the best and fastest method because sometimes Coinbase support takes too long to respond. But in the end, you came to know that it was a little problem, so try this method if your Coinbase account is restricted for a faster solution.

verifying identity on Coinbase to release restrictions on Coinbase account

First, simply log in to your Coinbase account by using your computer. After that, you will be redirected to the verification window immediately. You will see X in the top right corner that asks for your document; click it. You will automatically be redirected to the home page. Change URL bar from https://www.coinbase.com/dashboard to https://www.coinbase.com/verify-identity.

After changing, you will be able to enter your legal information from your ID or passport. If it still says that Coinbase cannot verify your data, change the URL to

http://www.coinbase.com/verify-document and upload the picture of your document. After a few minutes, you will know that you are verified, and you can use Coinbase again.

So after using this solution, you will be able to use your Coinbase restricted account more quickly.

Does Coinbase Freeze Accounts?

Here is some information that is beneficial for your future with Coinbase. Coinbase doesn’t freeze an account very often. But there are three situations when they are tended to take action against your account.

Disabling buy/ sell services Closing a Coinbase account Preventing funds access

Disabling Buying/Selling Capabilities

Your Coinbase account buy sell services can be restricted if you violate the user agreement terms and conditions continuously. Due to the high risk of fraud and more reasons, Coinbase is compelled to disable your account.

If your Coinbase account’s buy/sell services are disabled, you still have full access to your digital currencies, and you can withdraw your funds to a verified bank account.

Closing of Coinbase account

Closing of a Coinbase account also occurs if you go against the user agreement of Coinbase. When you engage in any activity or go against any term of the user agreement, then your account may be closed. In this situation, you are also allowed to access your funds or any balance. You can withdraw this fund to your verified bank account.

So Coinbase never freezes your funds. In any case, whether your account is closed, restricted, or frozen, you are allowed to access your funds and withdraw them also. Moreover, if your transaction is pending and your account is still closed, you can withdraw that money after their availability.

Coinbase Preventing Funds Access

Prevention of funds access is very rare on Coinbase, but it can happen if Coinbase is compelled to do this by the court. Coinbase takes action only when:

  • When the court issues an order to Coinbase for the fund’s access prevention than for the fulfillment of law requirements, Coinbase can freeze your
  • Under the effect of some sanctions programs, for example, sanctions from the US foreign ministry, Coinbase can freeze your account.

Conclusion

If your Coinbase account is restricted, then the solution is described above. Follow it carefully, and you will get your account back successfully. Because account restriction is always temporary on Coinbase, it can happen if any malicious user is attacking your account, or you requested Coinbase to restrict your account to prevent any suspicious activity. In all these conditions, you can recover your account quickly. Moreover, at the end of the article, three rare cases are described when Coinbase can take action against you.

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Dave Miller with Online Cloud Security

Dave Miller

IT Consultant at Online Cloud Security

Dave Miller is an IT Consultant for Online Cloud Security and has over 7 years of experience in the Information Technology space. He also specializes in repairing laptops & computers. In his spare time, he loves to talk about new technologies and hosts monthly IT and Cyber Security meetings in the Houston area.

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About Online Cloud Security:

Online Cloud Security is here to recommend you the most secure devices, from laptops to smartphones, we only want to provide you with products that we have tested and used ourselves for online security. Every product that we recommend is heavily inspected and tested for security against hackers, viruses, malware, and any other intruders that may want to steal your information. 

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Online Cloud Security Logo (500x500px)

About Online Cloud Security

Online Cloud Security is here to recommend you the most secure devices, from laptops to smartphones, we only want to provide you with products that we have tested and used ourselves for online security. Every product that we recommend is heavily inspected and tested for security against hackers, viruses, malware, and any other intruders that may want to steal your information. 

Recent Posts: