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Ahead of IPO, Coinbase users speak out about locked accounts and lost money

Ahead of IPO, Coinbase users speak out about locked accounts and lost money
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Ahead of IPO, Coinbase users speak out about locked accounts and lost money

Ahead of IPO, Coinbase users speak out about locked accounts and lost money

Because it prepares to go public, Coinbase continues to be struggling to offer help to prospects who’ve points with funds being out there, or their accounts being hacked or locked, in keeping with a report by the New York Occasions. The alternate is commonly thought-about to be one of the safer bets for these seeking to spend money on crypto, however the story exhibits that users who run into hassle might be left out within the chilly.

The Occasions tells the story of dozens of prospects who’ve had money stolen from their accounts, or who’ve had their accounts locked (which appears to be a frequent criticism), and their difficulties getting in contact with an actual individual at Coinbase. The corporate’s vp of buyer expertise says that it faces “a singular set of buyer expertise challenges” on account of the truth that crypto buying and selling is all the time lively, and has just lately seen a rise in demand. However Coinbase’s belief points return a very long time — again in 2014 we wrote about how some prospects lost belief within the firm after their accounts have been hacked.

Coinbase additionally advised the Occasions that actual people reply to requests for assist, and that it had added 2,000 individuals to its help workforce in current months. The corporate additionally publicly dedicated to higher and quicker buyer help again in January. Regardless of this, the Coinbase subreddit continues to be largely devoted to individuals speaking about how the corporate’s help hasn’t been serving to them (although it’s value noting that the pattern is considerably self-selecting, and Reddit posts aren’t verified proof of a problem).

Coinbase might not be alone in having poor buyer help, however having a fame for not serving to its users might be problematic for an organization that desires to be publicly traded — if prospects really feel like they cannot belief a platform, they’ll search for alternate options. And, as a a monetary crimes knowledgeable factors out within the Occasions article, the corporate can even be topic to larger regulatory oversight and visibility if it’s public.

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