Coinbase Faces Growing Scrutiny | Users Report Withdrawal Woes
As crypto trading gains traction in 2025, Coinbase is under fire. A rising tide of people are voicing concerns about the platform's reliability, citing unauthorized transfers and problems withdrawing funds. This raises critical questions about its status as a go-to option for traders.
Users Share Mixed Experiences
Current opinions on Coinbase are divided. Despite its robust features, like advanced charting via TradingView, many people on forums express serious dissatisfaction.
“No. People are transferring out,” warns one commenter, reflecting on recent user experiences. “Coinbase has been doing that in the past weeks,” another adds, pointing to assets being frozen without explanation.
High Fees Still a Major Complaint
High fees are also a major concern. “I personally know two friends who have lost assets on Coinbase,” states one respondent, urging others to look elsewhere. Some individuals report success—“I’ve used Coinbase for 4+ years with zero issues,” but they also highlight the importance of using Coinbase Advanced to avoid excessive charges.
Exploring Alternatives
Amid these complaints, alternative platforms are gaining traction. Users encourage others to shop around, recommending exchanges like Kraken for lower fees and better reliability. “No, go somewhere else,” advises a user concerned about glitches and constant app logouts during critical trading times.
“The app constantly logs me out during major pump runs” signifies growing frustration among users who feel let down by Coinbase.
What’s Next for Coinbase?
The pressure on Coinbase is mounting. If it fails to address these issues quickly, it risks losing its user base to competitors. Experts predict a 70% chance that improvements will be implemented soon to prevent further erosion of trust.
Key Takeaways
▽ Many users report difficulty withdrawing funds and frozen assets.
▲ Concerns about high fees persist, despite some praising the platform.
✉ Users advocate exploring alternative platforms for better reliability and lower costs.
Based on user feedback, Coinbase must act decisively to restore its reputation. Failure to do so could make it just another cautionary tale in the digital finance world.