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More confirmation that if you don't own the key, you don't own the coin!
Figuratively speaking, I am trading with a broken leg for the next month. Coinbase has suspended me from buying new crypto and depositing/withdrawing cash funds. Also, I cannot sell on Coinbase Pro.
For the 3rd time since Christmas, I have been restricted from buying new tokens on my Coinbase account. This time, it will last a month. I have no idea why this is. And Coinbase will not tell me. They are, “not able to provide specific details regarding our security features or our account reviews.”
I have heard of this type of nightmarish scenario happening to other customers before and it has always had me a little nervous that I might be next. And, at last, the day has arrived. Yay me!
This only proves once again, that if you don’t own the key, you don’t own the coin! Therefore, I am at the mercy of my Coinbase overlords.
Fortunately, not only have I found a solution, but I think it may be a better alternative than trading on CBpro. I noticed that when I transfer my crypto over to my regular Coinbase account, I am still able to “Convert” crypto from one token to another. This is good! But not only that (and please, correct me if I am wrong) I think that conversion cost was nothing …as in, it was completely FREE. Is this correct Coinbase traders? If so, why have I been selling and buying on Coinbase Pro this whole time incurring massive trade fees? Unbelievable!
Anywho, I don’t know how all this is going to go but I just wanted to share my current situation with you all. There may be some activity in the next month that I am hampered from partaking in. I don’t know.