If you’ve ever used Coinbase, you know that it’s a digital currency exchange that allows you to buy and sell cryptocurrencies. But what you may not know is that Coinbase also offers a text messaging service.
The service, which is called Coinbase SMS, allows users to receive updates on their account activity and prices of the cryptocurrencies they are interested in.
So, why did I get a text from Coinbase?
There are a few reasons why you may have received a text from Coinbase. First, if you have opted in to receive SMS notifications from Coinbase, you will receive texts whenever there is activity on your account, such as when you make a trade or when the price of a cryptocurrency changes.
NOTE: WARNING: Be wary of any text message you receive from Coinbase. While Coinbase may send genuine messages regarding your account activity, it is possible for scammers to spoof the company’s name and logo in an attempt to steal your personal information or money. If you receive a text message from Coinbase, do not click on any links or provide any personal information. Instead, contact Coinbase directly to confirm the legitimacy of the message before taking any action.
Second, Coinbase may send you promotional texts from time to time. For example, the company recently ran a promotion where users who sent a text message to the service received $10 in Bitcoin.
Finally, Coinbase may also send you texts in response to specific actions you take on the site. For example, if you try to withdraw funds from your account but don’t have enough money to cover the transaction, Coinbase will send you a text informing you of the error.
In conclusion, there are a few reasons why you may have received a text from Coinbase. Most likely, it’s because you’ve opted in to receive SMS notifications from the service or because Coinbase is trying to promote its products and services to you.
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