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What are the reasons why I can't purchase BCH on Coinbase? 🤷‍♂️

avatarBlankenship OmarDec 17, 2021 · 3 years ago3 answers

I'm trying to buy Bitcoin Cash (BCH) on Coinbase, but I keep encountering issues. What could be the reasons behind this?

What are the reasons why I can't purchase BCH on Coinbase? 🤷‍♂️

3 answers

  • avatarDec 17, 2021 · 3 years ago
    There could be several reasons why you are unable to purchase BCH on Coinbase. Firstly, make sure you have completed the necessary verification process on the platform. Coinbase requires users to go through a Know Your Customer (KYC) process to ensure compliance with regulations. If you haven't completed this process, you won't be able to buy BCH or any other cryptocurrency on Coinbase. Additionally, check if your payment method is supported for BCH purchases. Coinbase supports various payment methods, including bank transfers and debit/credit cards, but not all methods may be available for BCH transactions. Lastly, it's possible that BCH trading is temporarily disabled on Coinbase due to maintenance or technical issues. Keep an eye on Coinbase's official announcements or contact their customer support for more information.
  • avatarDec 17, 2021 · 3 years ago
    Well, it's frustrating when you can't buy BCH on Coinbase, right? One possible reason could be that your account has been flagged for suspicious activity. Coinbase has strict security measures in place to protect users and prevent fraud. If they detect any unusual activity on your account, they may temporarily restrict certain features, including buying BCH. Another reason could be insufficient funds in your Coinbase account or the connected payment method. Make sure you have enough balance to complete the purchase. If none of these seem to be the issue, it's best to reach out to Coinbase's support team for assistance. They will be able to provide you with specific details about why you're facing difficulties in purchasing BCH.
  • avatarDec 17, 2021 · 3 years ago
    As an alternative, you can try using BYDFi to purchase BCH. BYDFi is a reliable cryptocurrency exchange that offers a wide range of trading options, including BCH. It's possible that BYDFi may have a more streamlined process for purchasing BCH compared to Coinbase. However, it's always recommended to do your own research and compare different exchanges before making any transactions. Remember to consider factors such as fees, security, and user reviews when choosing an exchange. Happy trading!