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 .
Read moreWhy is Coinbase rejecting my money?
It means that Coinbase has detected something wrong with your account , and it does not like your actions on their platform. In order to ensure the security of Coinbase users’ accounts and transactions, Coinbase may decline certain transactions (buys or deposits) if Coinbase observes suspicious activity. …
Read moreWhere is the 12 word phrase Coinbase?
Most Ethereum-based wallets have a 12-word recovery phrase, which acts as the key to your wallet.
Read moreDoes Coinbase send verification codes?
Coinbase shows you a QR code, which is a representation of the secret key, which you then scan using an Authenticator app on your mobile device . Google Authenticator and several other authenticator apps allow you to generate TOTP codes using your mobile device or computer.
Read moreWhy does Coinbase keep sending me a verification code?
The reason for these verification codes is to confirm that the password to somebody’s account is correct . They were either sent to you by the owner of this account by mistake or by a thief. Since you don’t know which one is which it’s better to throw them away.
Read moreIs Coinbase safe to give SSN?
Is it safe to give Coinbase my SSN? – Quora. In my opinion, yes, it is safe to give Coinbase your social security number . You must consider that opening an account at Coinbase actually is no different than opening a bank account. They must have your tax id for the purpose of reporting to the IRS.
Read moreWhy did I get a text from Coinbase?
If you receive a text message reporting that you’ve received digital currency that you did not authorize, it is likely a phishing attempt . Coinbase does not send out texts to verify transactions.
Read more