If you’re a Coinbase user, you may have noticed a recent change in your account settings. According to the company, they’ve “implemented a new process for customers who send digital currency to an email address.
” This process includes a new mandatory field for users to input their own email address when sending digital currency to another person’s email.
The thinking behind this change is twofold: first, it will help prevent accidental or unauthorized transfers of digital currency; and second, it will protect users in the event that their Coinbase account is ever hacked.
NOTE: WARNING: If you have a hold on your Coinbase account, it is likely that the company has placed a temporary restriction on your account due to suspicious activity or a breach of their terms of service. It is important to contact Coinbase immediately if you believe that the hold was placed in error or if you have further questions. Do not attempt to move funds from your Coinbase account, as this may result in further delays and complications.
Of course, this new process comes with a few potential downsides. For one, it may make it more difficult for users to send digital currency to friends or family members who don’t use Coinbase.
Additionally, it could add an extra step (and potential friction) to the process of sending digital currency.
Ultimately, though, the goal of this change is to protect Coinbase users from fraud and theft. And while it may not be convenient for everyone, it’s important to remember that security should always be a top priority when it comes to your finances.
8 Related Question Answers Found
If you’ve ever tried to buy cryptocurrency on Coinbase, you may have noticed that your funds can sometimes be “stuck” in limbo for days or even weeks. So why does this happen, and what can you do about it? The first thing to understand is that when you buy cryptocurrency on Coinbase (or any other exchange), you are not actually buying the underlying asset.
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It’s been almost a year since I applied to Coinbase, and I’m still on the waitlist. I’ve been through the interview process and everything, but for some reason, my application is still in limbo. I’ve reached out to customer service and they just keep telling me to be patient.
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