Coinbase 72 Hour Delay of Withdrawals Until Aug 1st BTC User Activated Hard Fork

in bitcoin •  7 years ago  (edited)

This is why you need to hold your crypto - or most of your crypto - in private wallets. Coinbase is holding up withdrawals of all types, including Ether and Litecoin for 72 hours. Coinbase also requires you to tell them whether you're sending the coins to a private wallet or an exchange, explaining that they're asking for the information at the behest of the Federal government.

coinbase delay message 2.jpg

I didn't choose the "Accelerate Withdrawal" option. It requires you to send a copy of your drivers license or other acceptable picture I.D. I'm not sure how much time I'd have gained if I had and whether it's worth the added effort.

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hey, what was the outcome of all this? Because a person is trying to send me BTC to my Exodus wallet, and he got the same message, It's been 48h now, and nothing still. Let me know.thanks