create account

Coinbase is erratically overcharging some users and emptying their bank accounts by contentjunkie

View this thread on: hive.blog |  peakd.com |  ecency.com
coinbase · @contentjunkie ·
$7.22
Coinbase is erratically overcharging some users and emptying their bank accounts
<center>https://cdn.vox-cdn.com/uploads/chorus_image/image/58707431/917474098.jpg.0.jpg</center>

From The Verge
<hr>
<blockquote>
A growing number of Coinbase customers are complaining that the cryptocurrency exchange withdrew unauthorized money out of their accounts. In some cases, this drained their linked bank accounts below zero, resulting in overdraft charges.

In a typical anecdote posted on Reddit, one user said they purchased Bitcoin, Ether, and Litecoin for a total of $300 on February 9th. A few days later, the transactions repeated five times for a total of $1,500, even though the user had not made any more purchases. That was enough to clear out this user’s bank account, they said, resulting in fees.

“My bank account went from very comfortable to negatives balance, not to mention extra $5 charges, and overdraft fees,” the user wrote. “As a result my rent check bounced, and my bank went further into negative for a NSF charge for $25. My landlord is not a nice person and is on my CASE and I have nothing to offer him. I am FREAKING OUT.”
</blockquote>
Read more: https://www.theverge.com/2018/2/15/17017374/coinbase-cryptocurrency-bitcoin-ether-unauthorized-charges

<hr>

While this does suck for those that were overcharged I'm guessing that Coinbase will take care of their customers and this issue.  If not we'll see how quick users can migrate over to Bittrex.

<h4>Leave your thoughts in the comments below.</h4>

<hr>

Follow @contentjunkie to stay up to date on more great posts like this one.

<a href="https://steemit.com/@contentjunkie"><img src="http://i.imgsafe.org/dd8bd8753d.gif"></a>

<hr>

<center><h4><strong>Click one of the links below to signup for a free crypto trading account</strong></h4></center>

<div class="pull-right"><a href="https://www.kucoin.com/#/?r=14rgy"><img src="https://steemitimages.com/DQmRxFEaTBZXepQoU6wzX3YxPUYg8zkMH5ecX67HXes6mtE/image.png"></a>
</div>

<div class="pull-left"><a href="https://www.coinbase.com/join/5a3060368da046013533d035"><img src="https://steemitimages.com/DQmQrb5MJgqbRqAabX7gMAKww7b2G7EWyCC3ALz3nuQR4xy/image.png"></a></div>

<center>
<a href="https://www.binance.com/?ref=13619930"><img src="https://steemitimages.com/DQmS8Y5PoVJenL4Qo3WhRg1YWJ9VGcQRhFKQNx8BLePx3iZ/image.png"></a>
</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 42 others
properties (23)
authorcontentjunkie
permlinkcoinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts
categorycoinbase
json_metadata{"tags":["coinbase","news","technology","cryptocurrency","bitcoin"],"users":["contentjunkie"],"image":["https://cdn.vox-cdn.com/uploads/chorus_image/image/58707431/917474098.jpg.0.jpg","http://i.imgsafe.org/dd8bd8753d.gif","https://steemitimages.com/DQmRxFEaTBZXepQoU6wzX3YxPUYg8zkMH5ecX67HXes6mtE/image.png","https://steemitimages.com/DQmQrb5MJgqbRqAabX7gMAKww7b2G7EWyCC3ALz3nuQR4xy/image.png","https://steemitimages.com/DQmS8Y5PoVJenL4Qo3WhRg1YWJ9VGcQRhFKQNx8BLePx3iZ/image.png"],"links":["https://www.theverge.com/2018/2/15/17017374/coinbase-cryptocurrency-bitcoin-ether-unauthorized-charges","https://steemit.com/@contentjunkie","https://www.kucoin.com/#/?r=14rgy","https://www.coinbase.com/join/5a3060368da046013533d035","https://www.binance.com/?ref=13619930"],"app":"steemit/0.1","format":"markdown"}
created2018-02-15 22:42:36
last_update2018-02-15 22:42:36
depth0
children13
last_payout2018-02-22 22:42:36
cashout_time1969-12-31 23:59:59
total_payout_value6.900 HBD
curator_payout_value0.315 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,287
author_reputation253,577,661,205,632
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,852,403
net_rshares1,159,920,836,457
author_curate_reward""
vote details (106)
@bluehorseshoe · 
If the story is accurate then this is a serious serious situation.
I don't know anyone in the crypto space that doesn't have an account linked to coinbase. NOT GOOD!
properties (22)
authorbluehorseshoe
permlinkre-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180215t225201625z
categorycoinbase
json_metadata{"tags":["coinbase"],"app":"steemit/0.1"}
created2018-02-15 22:52:00
last_update2018-02-15 22:52:00
depth1
children2
last_payout2018-02-22 22:52:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length165
author_reputation9,766,510,656,462
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,853,956
net_rshares0
@contentjunkie ·
$3.76
It's only serious if they don't recognize and rectify the problem quickly.  If they fix the problem and make good with customers that were hurt by this then I think it could work out better for them.  This gives them a chance to demonstrate that they take care of their customers.  If handled correctly this issue could instill more confidence.

Although they could fuck this up royally and hurt the price of Bitcoin globally.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 3 others
properties (23)
authorcontentjunkie
permlinkre-bluehorseshoe-re-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180215t225420894z
categorycoinbase
json_metadata{"tags":["coinbase"],"app":"steemit/0.1"}
created2018-02-15 22:54:24
last_update2018-02-15 22:54:24
depth2
children1
last_payout2018-02-22 22:54:24
cashout_time1969-12-31 23:59:59
total_payout_value2.874 HBD
curator_payout_value0.882 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length426
author_reputation253,577,661,205,632
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,854,351
net_rshares604,567,483,704
author_curate_reward""
vote details (67)
@bluehorseshoe · 
What a pain in the azz it would be to have to go thru the linking process for a transaction then delete the link every time.
I extend faith that they will resolve this ASAP>
properties (22)
authorbluehorseshoe
permlinkre-contentjunkie-re-bluehorseshoe-re-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180216t010855829z
categorycoinbase
json_metadata{"tags":["coinbase"],"app":"steemit/0.1"}
created2018-02-16 01:09:00
last_update2018-02-16 01:09:00
depth3
children0
last_payout2018-02-23 01:09:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length173
author_reputation9,766,510,656,462
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,875,157
net_rshares0
@gaeos · 
While this is traumatic on an individual level, and I would be pissed if I was one of these people, this doesn't seem like a huge deal to me.  If there's intent behind it, it certainly does, but if it's simply an error, then it is an error that should be fixed hastily. If anything this could represent negligence and carlessness on the part of Coinbase, which would certainly be worse than an error.

If all is fixed up quick and in the end everything is refunded then there shouldn't be an issue. 

There also is an option on Coinbase to set up repeating deposits into your account. Makes me wonder if it's human error rather than Coinbase error.
properties (22)
authorgaeos
permlinkre-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180216t022237195z
categorycoinbase
json_metadata{"tags":["coinbase"],"app":"steemit/0.1"}
created2018-02-16 02:22:33
last_update2018-02-16 02:22:33
depth1
children1
last_payout2018-02-23 02:22:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length648
author_reputation24,153,013,526
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,886,866
net_rshares0
@contentjunkie ·
$3.51
properties (23)
authorcontentjunkie
permlinkre-gaeos-re-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180216t035309922z
categorycoinbase
json_metadata{"tags":["coinbase"],"app":"steemit/0.1"}
created2018-02-16 03:53:12
last_update2018-02-16 03:53:12
depth2
children0
last_payout2018-02-23 03:53:12
cashout_time1969-12-31 23:59:59
total_payout_value2.680 HBD
curator_payout_value0.833 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length65
author_reputation253,577,661,205,632
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,902,412
net_rshares570,023,771,180
author_curate_reward""
vote details (66)
@justinashby · 
The crooks nabbed $100 from me. Bastards.. Coinbase refunded me immediately and are working hard to correct the issue.
properties (22)
authorjustinashby
permlinkre-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180216t151051671z
categorycoinbase
json_metadata{"tags":["coinbase"],"app":"steemit/0.1"}
created2018-02-16 15:10:54
last_update2018-02-16 15:10:54
depth1
children0
last_payout2018-02-23 15:10:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length118
author_reputation12,650,430,770,044
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id38,026,058
net_rshares0
@luiggih · 
Selective Scam.
Is happening also in Bittrex.
SCARY!
properties (22)
authorluiggih
permlinkre-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180215t225659468z
categorycoinbase
json_metadata{"tags":["coinbase"],"app":"steemit/0.1"}
created2018-02-15 22:58:09
last_update2018-02-15 22:58:09
depth1
children0
last_payout2018-02-22 22:58:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length52
author_reputation1,890,504,878,505
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,855,021
net_rshares0
@otybest · 
Honestly I haven't heard of this before, maybe because I'm still new in crypto space, I'll make my research as soon as possible, but I still believe you will bounce back. I know it hurts.
properties (22)
authorotybest
permlinkre-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180215t224704434z
categorycoinbase
json_metadata{"tags":["coinbase"],"app":"steemit/0.1"}
created2018-02-15 22:47:18
last_update2018-02-15 22:47:18
depth1
children0
last_payout2018-02-22 22:47:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length187
author_reputation850,434,764,939
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,853,191
net_rshares0
@presidentslabber · 
now i need to go check my account i use coinbase
properties (22)
authorpresidentslabber
permlinkre-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180215t224708851z
categorycoinbase
json_metadata{"tags":["coinbase"],"app":"steemit/0.1"}
created2018-02-15 22:47:12
last_update2018-02-15 22:47:12
depth1
children0
last_payout2018-02-22 22:47:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length48
author_reputation489,416,883,814
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,853,171
net_rshares0
@presidentslabber · 
can you do me a favor and explain how your avoiding @cheetah i have posted just like this and i get hit by @steemcleaners and @cheetah

I want to do the same thing give some cryptocurrency news updates! This is how i do my new updates now https://steemit.com/hacked/@presidentslabber/hackers-hijack-millions-of-smart-phones-and-thousands-of-government-websites-to-mine-cryptocurrency
👍  
properties (23)
authorpresidentslabber
permlinkre-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180215t234301156z
categorycoinbase
json_metadata{"tags":["coinbase"],"users":["cheetah","steemcleaners"],"links":["https://steemit.com/hacked/@presidentslabber/hackers-hijack-millions-of-smart-phones-and-thousands-of-government-websites-to-mine-cryptocurrency"],"app":"steemit/0.1"}
created2018-02-15 23:43:03
last_update2018-02-15 23:43:03
depth1
children0
last_payout2018-02-22 23:43:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length383
author_reputation489,416,883,814
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,862,033
net_rshares283,638,491
author_curate_reward""
vote details (1)
@presidentslabber · 
Check it out i made a post similar to how you make yours but i still get flagged by @cheetah can you check it out and let me know what you think? https://steemit.com/atari/@presidentslabber/atari-is-planning-to-launch-its-own-cryptocurrency
👍  
properties (23)
authorpresidentslabber
permlinkre-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180216t003109944z
categorycoinbase
json_metadata{"tags":["coinbase"],"users":["cheetah"],"links":["https://steemit.com/atari/@presidentslabber/atari-is-planning-to-launch-its-own-cryptocurrency"],"app":"steemit/0.1"}
created2018-02-16 00:31:12
last_update2018-02-16 00:31:12
depth1
children0
last_payout2018-02-23 00:31:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length240
author_reputation489,416,883,814
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,869,225
net_rshares277,335,414
author_curate_reward""
vote details (1)
@triptybarsha · 
Thanks for this cryptocurrency news update providing... i appreciate this post. keep it up
properties (22)
authortriptybarsha
permlinkre-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180215t224632209z
categorycoinbase
json_metadata{"tags":["coinbase"],"app":"steemit/0.1"}
created2018-02-15 22:46:36
last_update2018-02-15 22:46:36
depth1
children0
last_payout2018-02-22 22:46:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length90
author_reputation1,409,635,283,267
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,853,080
net_rshares0
@vo1ts · 
Just give up on Coinbase. Get the Robinhood app, which will soon be launching crypto trading without any fees. If you sign up via the link, you'll also get a free randomized stock: https://share.robinhood.com/tunaida
properties (22)
authorvo1ts
permlinkre-contentjunkie-coinbase-is-erratically-overcharging-some-users-and-emptying-their-bank-accounts-20180216t020326167z
categorycoinbase
json_metadata{"tags":["coinbase"],"links":["https://share.robinhood.com/tunaida"],"app":"steemit/0.1"}
created2018-02-16 02:03:33
last_update2018-02-16 02:03:33
depth1
children0
last_payout2018-02-23 02:03:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length216
author_reputation-3,024,465,216
root_title"Coinbase is erratically overcharging some users and emptying their bank accounts"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id37,883,958
net_rshares0
Help/Feedback