1 year ago
Coinbase has denounced rumors of it imposing Bitcoin withdrawal limits circulating connected societal media arsenic inaccurate.
40 Total views
1 Total shares
Crypto speech Coinbase has refuted rumors it had imposed a $5,000 per week bounds connected Bitcoin (BTC) withdrawals aft a user's station claiming arsenic specified gained traction connected societal media.
An Oct. 24 station from a idiosyncratic connected X (formerly Twitter) claimed that he’d been deed with a purported argumentation that restricted his withdrawals of Bitcoin from Coinbase to a maximum threshold of $5,000 a week.
The station gained implicit 250,000 views, with much than 420 retweets and astir 2,000 likes. The station besides gained attention of crypto researcher Chris Blec, who asked if anyone could verify the assertion being made.
. @Coinbase is limiting bitcoin withdrawls. I conscionable tried to nonstop BTC from Coinbase to my acold wallet, and encountered a NEW $5k/wk withdrawl bounds argumentation (implemented 10/13). I've been a Coinbase lawsuit for 10 years. GET YOUR BITCOIN OFF EXCHANGES!!!!
— Colin Brown (@thecolinbrown) October 23, 2023However, a spokesperson from Coinbase told Cointelegraph that these claims were “inaccurate” and that nary specified argumentation existed that constricted withdrawals erstwhile selling to Coinbase currency balance.
“Withdrawing from Coinbase volition beryllium babelike connected the outgo method you are utilizing to withdraw,” said the spokesperson, and suggested that users consult the crypto exchange’s authoritative policy connected relationship limits and withdrawals.
The unfounded rumors of withdrawal limits came astir the aforesaid clip that Coinbase experienced little trouble successful processing trades.
According to Coinbase’s authoritative presumption page, the crypto speech began experiencing difficulties processing trades astir 6pm UTC Oct. 23.
Related: Base web launches 8-week grooming people for blockchain developers
Less than an hr later, the speech provided an update saying that the contented had been fixed and the squad were monitoring trading enactment for immoderate ongoing issues.
Coinbase trading suffered difficulties for astir an hr connected Oct. 23. Source: CoinbaseThe trading delays connected Coinbase occurred amid a frenzy of trading enactment passim the market, arsenic the terms of Bitcoin (BTC) surged arsenic precocious arsenic $35,000 — a level not seen since May past year.
English (US) 