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What are the factors that lead to restricted purchases on Coinbase?

avatarshashank jannuDec 25, 2021 · 3 years ago3 answers

Can you explain the factors that can cause restricted purchases on Coinbase? I'm curious to know why some users may experience limitations when trying to make purchases on this platform.

What are the factors that lead to restricted purchases on Coinbase?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Restricted purchases on Coinbase can be caused by various factors. One common reason is the user's account being flagged for suspicious activity. This can happen if the user's transactions are deemed to be in violation of Coinbase's terms of service or if there are concerns about the source of funds. In such cases, Coinbase may restrict the user's ability to make purchases until the issue is resolved. It's important for users to ensure that their transactions comply with Coinbase's guidelines to avoid such restrictions.
  • avatarDec 25, 2021 · 3 years ago
    Another factor that can lead to restricted purchases on Coinbase is the user's verification status. Coinbase has different levels of verification, and certain features, including the ability to make purchases, may be restricted for users who have not completed the required verification steps. To avoid limitations, users should make sure to complete the verification process as soon as possible.
  • avatarDec 25, 2021 · 3 years ago
    When it comes to restricted purchases on Coinbase, it's worth mentioning that there are other factors that can come into play. For example, Coinbase may restrict purchases for users who have a history of chargebacks or fraudulent activity. Additionally, if a user's account is linked to another account that has been involved in suspicious or fraudulent activities, it can also result in restrictions on purchases. Coinbase takes security seriously and implements measures to protect its users and the integrity of its platform.