Last Updated on 2 weeks by Komolafe Bamidele
One of the popular problems that thousands of users face on the Coinbase cryptocurrency exchange platform is account restriction
This occurs when users violate the terms and conditions of Coinbase. You need to create and verify your account before you can buy or sell cryptocurrency on Coinbase.
In this informative article, I will explain all the important information that you need to know about Coinbase account restrictions, terms and conditions and how you can avoid them.
Tables Of Contents
How Does Coinbase Work?
Coinbase is one of the most used and trusted cryptocurrency exchange platforms.
Coinbase mobile application and official website are designed to make buying and selling cryptocurrency easy and simple even for newbies.
You don’t need to take any course or training before you can buy and sell crypto on Coinbase.
Aside from that, you were able to get live updates of the cryptocurrency movement, price, news and other related information in the world of cryptocurrency.
There are so many processes that are involved before you can buy or sell cryptocurrency on Coinbase.
Some of the most important steps are registering on the platform, verification is also important, you need to complete this process before you can buy or sell cryptocurrency on Coinbase.
Why Is My Coinbase Account Restricted?
There are several reasons why Coinbase restricts your account, but the major reason is that you are violating the rules and regulations of Coinbase.
Coinbase may restrict your account if the security teams notice malicious user login in your account especially with another device or IP address.
Coinbase may restrict your account if the security teams notice on usual login and you may need to verify your authenticity
By just confirming a link that will be sent to your email to verify your account before logging into your Coinbase account.
If you notice any popup error message on your account like “Sorry, account temporarily disabled” that indicates that your account has a restriction potentially that is related to security concerns.
Coinbase can restrict your account if you engage in illegal transactions or violate the user agreement, terms and conditions.
Whenever you notice any restriction on your account the first step you need to take is to contact the customer care service.
They will explain in detail why your account is restricted and how you can remove the restriction. The trend of account restriction is very high this day
Can I Still Buy Crypto With a Coinbase Restricted Account?
No, you can’t buy Bitcoin and other cryptocurrencies when your account is restricted by Coinbase.
As mentioned earlier you might have violated users’ agreement on the cryptocurrency trading platform. Or you carry out illegal transactions or activities on the platform
You can’t buy and sell cryptocurrency but nevertheless, you can still withdraw your funds from your Coinbase account and send it to any wallet address.
You can even send it to another cryptocurrency trading or exchange platform. Coinbase can restrict your account but it can never deny you access to your funds.
Try as much as possible to always read the users agreement because most people do not read them.
It is very important to read the terms and conditions, users agreements before signing up and starting using Coinbase services.
When you read user agreements, terms and conditions of your services then you will know illegal activities and we will avoid them so that your account won’t be restricted.
Can I Trade Crypto On Coinbase Without Verification?
No! You can’t trade cryptocurrency on Coinbase unless you verify your account.
You need to provide all the required and necessary documents to verify your account on Coinbase.
This proof you’re legit and will be able to trade any cryptocurrency of your choice without restriction.
Is Coinbase Safe Or You Lose Your Money?
Coinbase is safe and you can never lose your money on the cryptocurrency exchange platform. Users can only lose money on the platform if they lose a trade.
Coinbase is not in control of the cryptocurrency market, it is very volatile and moves up and down.
So you can’t lose your money on Coinbase but on trade. Coinbase is completely safe for all users across the globe.
How To Solve Or Reactivate Blocked Coinbase Account?
Coinbase can block or restrict your account if you violate users agreements, terms and conditions or carry out illegal transactions.
To solve account restriction or reactivation usually depends on the major reason why the account is restricted or blocked in the first place.
You need to contact the customer care service before you do that. You need to log into the account because Coinbase will suggest what to do to reactivate or restore the restricted account
So that you’ll be able to trade on the cryptocurrency exchange and trading platform.
How To Remove Restriction From Your Coinbase Account
Make sure your password is correct and the 2-step verification setup is secure. You can reset your password to reactivate your coinbase account.
If you have carried out these processes above and you can’t have access to your Coinbase account then they contact the customer support team.
And provide all the information to fix the account restriction issues. so that they will be used to remove restrictions from your Coinbase account.
And you`ll be able to trade cryptocurrency on the popular cryptocurrency exchange platform.
You need to provide your last successful login date and time.
You need to submit the details of the last, unsuccessful or authorised transaction including the amount and exact date and time of the transaction. You also need to provide your password and 2-step verification code.
You can also provide other information that is needed to reset your account so that the restriction will be removed completely.
After providing the necessary and required information it may take up to 10 business days to investigate,
And carry out all the necessary processes to recover or reactivate your account so that you will be able to buy and sell cryptocurrency on Coinbase.
What Documents Required To Reactivate My Account?
It is very important to submit all the necessary and required documents to reactivate or activate your account. whenever there is restriction.
because you won’t be able to reactivate or verify your Coinbase account if you don’t submit the required documents.
Means of identification is one of the major documents that are needed to verify or reactivate your Coinbase account.
There are several ID cards across the globe. The ID card that is required to verify your means of identification will be based on the authorised and most popular ID card in your country.
So you need to submit the authorised ID card that is issued by your country’s government.
Try as much as you can to scan your ID card so that it will be clear and readable because Coinbase will not accept an ID card that is not readable.
Other required documents to reactivate or verify your coinbase account includes.
- Two passport size photographs
- Address proof.
- PAN card.
- Your old passbook, cheque-book and ATM/
- Debit card.
How Long Does It Take Coinbase To Review Account?
Coinbase usually takes 48 business hours to review your account but sometimes it may be longer.
You are allowed to login into your Coinbase account after 24 hours and it may take up to 48 hours
before you have access to all the features of the popular cryptocurrency exchange platform which include buying and selling of cryptocurrencies.
Recap; Tips To Avoid Coinbase Account Restrictions
The best and only method of avoiding Coinbase account restriction is to read and understand the user’s agreement, terms and conditions and other rules and regulations that come with coinbase services.
When you understand this and try as much as you can to obey all the necessary terms and conditions by not being involved in any illegal transaction or activities, then your account won’t be restricted.
Aside from that, you will have access to all the necessary features on the popular cryptocurrency exchange platform.
Wrapping Up Tips To Fix Coinbase Account Restrictions
Account restriction is one of the most common problems that users face because they failed to read and understand the user’s agreement, terms and conditions and other important rules and regulations that come with Coinbase services.
If your account is not restricted at the moment then you need to take your time to read through the users’ agreement
So that you won’t be involved in any activity or illegal transaction on the popular cryptocurrency exchange platform to avoid account restriction. Now you know how you can avoid account restriction or ban on Coinbase.
If you are new to Coinbase then you can download the Coinbase mobile application on Google Play Store for Android users.
And iOS App stores for Apple users to buy and sell cryptocurrency using Coinbase.
You can also make use of the official website of coinbase to get the latest update in the greater currency market likewise the cryptocurrency market movement.
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