I am writing this post to warn everyone about [u/Coinbase](https://www.reddit.com/u/Coinbase/) [u/coinbasesupport](https://www.reddit.com/u/coinbasesupport/) the scam that they pulled on me:

I transferred thousands of dollars to their platform, only to later discover that preventative measures such as a change in the ticker name and a pop-up warning message were not present at the time of my initial transfer (but added subsequently). As a result of their sheer negligence, I have lost a significant amount of money that I had worked hard to save over the years. This financial loss has caused immense stress and hardship in my personal life, ultimately leading to the destruction of my marriage and other cascading affects.

It is shocking that Coinbase is a publicly listed company on the NASDAQ and yet they are able to scam innocent people out of their hard-earned savings. If Brian Armstrong CEO is aware that this is happening at the company, then he needs to stand trial for this. I urge regulators to investigate this matter and look into any potential criminal activity on the part of Coinbase.

I urge everyone think twice about using Coinbase, and maybe look to other exchanges such as Binance (which are much more professional and value their customers). You are 100% liable/negligent for misleading your customers to send their crypto via an unsupported network and to an unsupported wallet as you used the same ticker as the native IOTX instead of adding “ERC-20”, which you have now added (after the fact) along with a warning message (both of which were absent at the time of transfer – that is totally scandalous and does not look good in the eyes of the regulators or to shareholders of your publicly listed company.

➔ Visit Binance now and start trading


  1. userfakesuper on 20. October 2023 at 14:48

    So you moved everything you had in one deposit instead of trying a test deposit to make sure it went where it was supposed to go.

    This is on you and you alone. Nothing to see here folks. User error.


  2. [deleted] on 20. October 2023 at 14:48

    What? What did they actually do?


  3. [deleted] on 20. October 2023 at 14:48



  4. furbess on 20. October 2023 at 14:48

    Why are you posting this on r/binance?


  5. Lastkidpicked94 on 20. October 2023 at 14:48

    If money is making you lose your marriage she’s not the one


  6. Crypto4Canadians on 20. October 2023 at 14:48

    Sorry to hear that you made the classic rookie mistake of not testing to see if it’ll work by sending a small amount first before you sent a large amount. Hope you recover from your loss.


  7. Do_u_ev3n_lift on 20. October 2023 at 14:48

    They didn’t steal your money. You fucked up.


  8. metletroisiemedoigt on 20. October 2023 at 14:48

    TLDR: OP Can’t take responsability for his mistake ( not checking deposit address) so he accuses a company making millions daily to scam him out of ???$. Do not crypto if you have that attitude, give your hard-earned money to your mom and let her manage your finances.


  9. [deleted] on 20. October 2023 at 14:48

    Do you even crypto bro?


  10. Patohm on 20. October 2023 at 14:48

    Lol let me guess – you did a big mistake and blame someone else? Real loser move.

    Losing thousands of USD wrecking your marriage? Mate she was not the ONE.. She may leave you because you are a loser making loser moves?


  11. Civic-Racecar on 20. October 2023 at 14:48

    Oh no. Coinbase don’t have your money. You sent into a crypto black hole. It’s gone forever. You’ll never make that mistake again.


  12. Daexmun on 20. October 2023 at 14:48

    Your wife is leaving you because you’re an idiot my dude, and after your mistake you’re still behaving like one rn. Just send a little for a test if you cannot be sure about the network. Everybody knows about this. Everybody.


  13. Blgxx on 20. October 2023 at 14:48

    Look on the bright side. If and when Coinbase support native iotx you will get them back.


  14. CryptoMojoLoko on 20. October 2023 at 14:48

    It’s true that Binance is by far the best exchange in the market.
    But coinbase isn’t guilty in your case, you should have sent a little amount before sending it all.


  15. SneakyDevil0069 on 20. October 2023 at 14:48

    I’m not a fan of Coinbase either, but: 1) this is Binance subreddit, and 2) neither Coinbase nor Binance can fix stupid. Better luck next time


  16. xyadixs on 20. October 2023 at 14:48

    so lets blame coinbase in binance subreddit wtf is wrong with you


  17. Firm-Technician-2984 on 20. October 2023 at 14:48

    Sorry to hear that wish you the best it get fixed. If I was a internal error


  18. junkdnaisalie on 20. October 2023 at 14:48

    Youre a noob


  19. heyY0000000 on 20. October 2023 at 14:48

    So are you ever going to explain what happened?


  20. Hot_Potato_Salad on 20. October 2023 at 14:48

    It’s YOUR fault


  21. Be_a_N3rd on 20. October 2023 at 14:48

    I find it extremely funny how many people cry around on reddit because they are too stupid for cryptosecror.


  22. thCuba on 20. October 2023 at 14:48

    Which pop up?


  23. XBB32 on 20. October 2023 at 14:48

    So sending crypto to the wrong chain is Coinbase’s fault?

    Yeah right….


  24. BrilliantEffective21 on 20. October 2023 at 14:48

    Coinbase does have massive errors of its own, it is what it is.
    $hitty, yes, but employees on customer support are as useless as Binance, for that matter. They’re just paid to answer questions, not fix problems, if they answer anyone at all.

    Coinbase upgraded their platform a few years back and stuff got messed up, anyone that added a bank account on the old platform and trying to use it on the new platform, the bank account is permanently disconnected – no matter how many times it tries to get fixed, it’s broken on some varying degree and you just have to use a separate *bank account.

    They (CB) have admitted errors in the software platform, such as displaying incorrect financial data, Google it.

    As everyone has said-
    Yes, try small amounts first, and spread.
    Never rely on a single platform, and don’t drop anything in on what you can’t afford to lose.