Coinbase lowers user limit after verification
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Coinbase has recently started lowering user limits based on scans of uploaded photos. This has outraged many of their uglier customers who in turn are aggressively text messaging their friends inquiring if they've experienced the same situation.
Coinbase Decrease Purchase Limit With Rejected Credit Card Purchase.
murasaki424 (25) in cryptocurrency • 2 months ago
Cards and Bitcoin.png
Coinbase is so far the most convenient crypto exchange out there, with very decent fees and easy transaction. After I signed up for Coinbase, I got $1250 weekly credit card limit to buy Bitcoin/Litecoin/Ethereum. The first week, I used my Capitol One master card to do it. The first two transactions failed, but the third came through. After the first two failed transactions, my purchase limit was restored back to $1250.
The second week, I tried purchasing with Chase Freedom Unlimited Visa. After verifying the card, I put in three transactions and all three failed. After each failed transaction, my purchase limit was not restored. That means I wasn't able to buy any coins that week at all.
More interesting was that my weekly credit card limit on Coinbase dropped from $1250 to $50. Even my bank purchase weekly limit dropped from $5000 to $250, even though they have not verified my bank account at that point yet. So I emailed Coinbase (they don't have a phone no. you can call). It took them a day to get back to me and told me the transactions failed and the purchase limit should be restored automatically, which did not happen. There's no explanation as to why the purchase limit was decreased as well.
This is a satirical website. Don't take it Seriously. It's a joke.
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