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How can I prevent Coinbase from canceling my transactions?

avatarMd Farhad HosseinDec 24, 2021 · 3 years ago3 answers

I recently had a transaction canceled by Coinbase and I want to avoid this in the future. What can I do to prevent Coinbase from canceling my transactions?

How can I prevent Coinbase from canceling my transactions?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    To prevent Coinbase from canceling your transactions, make sure you have sufficient funds in your account to cover the transaction. Also, double-check that you have entered the correct recipient address and that it is a valid address for the specific cryptocurrency you are sending. Coinbase may cancel transactions if there are insufficient funds or if the recipient address is invalid.
  • avatarDec 24, 2021 · 3 years ago
    One way to prevent Coinbase from canceling your transactions is to ensure that your account is verified and in good standing. Coinbase may cancel transactions if there are any issues with your account, such as suspicious activity or incomplete verification. By keeping your account in good standing, you can minimize the chances of your transactions being canceled.
  • avatarDec 24, 2021 · 3 years ago
    At BYDFi, we recommend using a high-quality wallet that allows you to have full control over your private keys. By using a non-custodial wallet, you can prevent Coinbase or any other exchange from canceling your transactions. With a non-custodial wallet, you are the sole owner of your funds and have complete control over your transactions.