coinbase account flagged for manual review

If your Coinbase account has been flagged for manual review, promptly contact support, gather necessary documents, and follow their instructions to resolve the issue and expedite processing of transactions.

Nov 01, 2024 at 01:45 am

Coinbase Account Flagged for Manual Review: Understanding Causes and Process

1. Common Reasons for Manual Review

• Large withdrawals or deposits
• Unfamiliar transaction patterns
• Suspected fraudulent activity
• Account security issues
• Compliance with regulations

2. Impact of Manual Review

• Processing delays: Transactions may be held for several days or weeks until the review is complete.
• Account restrictions: Access to account features or funds may be limited.
• Potential suspension: In severe cases, accounts can be suspended or closed.

3. Steps to Take if Account is Flagged

• Contact Coinbase support: Reach out through phone, email, or the online support form. Explain the situation clearly and provide relevant documentation.
• Gather supporting documents: Have ID, payment information, and any other requested documents ready.
• Be patient: The review process can take time. Avoid contacting support multiple times while the review is ongoing.
• Follow Coinbase's instructions: Comply with any requests or verification procedures provided by Coinbase.
• Address security concerns: Review account settings and enable two-factor authentication to enhance security.

4. Preventing Future Flag Triggers

• Avoid large, abrupt transactions.
• Know your own transaction patterns and keep them consistent.
• Be cautious when signing in or accessing the account from unfamiliar devices or IP addresses.
• Stay informed about Coinbase's terms of service and compliance policies.

5. Possible Outcomes of Manual Review

• Account cleared: The review finds no suspicious activity and the account is cleared for normal use.
• Additional information required: Coinbase may request further documents or information for clarification.
• Account restrictions: Certain activities or features may remain restricted pending further review.
• Account suspension: In cases of suspected fraud or violation of terms of service, the account may be suspended or closed.