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What are the reasons for Apple blocking purchases on Coinbase app?

avatarStougaard OhDec 15, 2021 · 3 years ago3 answers

Why does Apple block purchases on the Coinbase app? What are the factors that lead to this restriction?

What are the reasons for Apple blocking purchases on Coinbase app?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Apple blocks purchases on the Coinbase app due to concerns about the security and legitimacy of cryptocurrency transactions. They want to protect their users from potential scams and fraudulent activities. Additionally, Apple has strict guidelines for apps that involve financial transactions, and Coinbase may not meet all of these requirements.
  • avatarDec 15, 2021 · 3 years ago
    The main reason for Apple blocking purchases on the Coinbase app is to ensure the safety of its users. Cryptocurrency transactions can be risky, and Apple wants to prevent any potential financial losses or security breaches. By blocking purchases on the Coinbase app, Apple aims to protect its users from potential scams and fraudulent activities.
  • avatarDec 15, 2021 · 3 years ago
    Apple's decision to block purchases on the Coinbase app is based on their commitment to user safety and compliance with regulations. As a third-party cryptocurrency exchange, Coinbase needs to meet certain criteria to ensure the legitimacy and security of its services. However, it's important to note that there are alternative ways to access and trade cryptocurrencies on other platforms like BYDFi, which offers a secure and user-friendly experience.