As a longtime fan and holder of Bitcoin, it pains me to describe how awful and unreliable Coinbase is as a platform to buy and sell crypto. I'm holding around $2,000 in assets there. For the past two weeks, I have been unable to sell and cash out of any of my holdings. The assets are just stuck there with no explanation from Coinbase. Only that "there's a glitch" they're working to fix asap. Can you imagine a bank telling you for two weeks your funds are frozen due to an unspecified technical glitch? Meanwhile, depositing new funds on Coinbase is easy as pie. But just try getting it out! I'm not a short-seller or basher. In fact, I'd hate to see the black eye for crypto another FTX-type meltdown would generate. But this is ridiculous behavior for any legitimate financial firm. I wish a financial reporter would contact me for the harrowing details and to help remedy or expose this nightmare. (On a more positive note, buying and selling bitcoin on Fidelity is a piece of cake. I'm surprised Fidelity doesn't get more recognition for its excellent crypto platform.)
Comments