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What are the common reasons for Coinbase rejecting bids on my cryptocurrency purchases?

avatardwgfhgDec 17, 2021 · 3 years ago3 answers

I recently tried to make a cryptocurrency purchase on Coinbase, but my bid was rejected. I'm wondering what are the common reasons for Coinbase rejecting bids on cryptocurrency purchases? Can you provide some insights?

What are the common reasons for Coinbase rejecting bids on my cryptocurrency purchases?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One common reason for Coinbase rejecting bids on cryptocurrency purchases is insufficient funds in your account. Make sure you have enough balance to cover the purchase amount, including any fees that may apply. If your account balance is too low, Coinbase will reject your bid.
  • avatarDec 17, 2021 · 3 years ago
    Another reason for bid rejection could be that the cryptocurrency you're trying to purchase is temporarily unavailable on Coinbase. This can happen due to high demand or technical issues. In such cases, you may need to wait for the availability of the cryptocurrency or consider using a different exchange.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we've observed that Coinbase may reject bids if they suspect fraudulent activity or if your account has been flagged for suspicious behavior. This is done to protect users and maintain the integrity of the platform. If you believe your bid was wrongly rejected, you can contact Coinbase support for further assistance.