Coinbase users can’t withdraw to bank accounts

Top crypto exchange Coinbase seems to have a major issue on its hands as it seems users are unable to withdraw there sold crypto to there bank accounts.

User Feedback

Here are some resources to offer more context. https://t.co/gom6o2no1M

Coinbase allows you to trade in good faith, but you may not withdraw (or cash out) until the initial deposit has been completed by your bank.
^AH

— Coinbase Support (@CoinbaseSupport) July 7, 2022

Another user is reporting a delay of up to 3 weeks!!

Why are you holding my funds for withdrawal for 3 weeks! It’s not a large sum either? It’s been cleared from my bank 2 weeks ago! Release my funds and I’m transferring all my tokens to another exchange!

— Mike (@Misinfo3030) July 2, 2022

Coinbase has since mentioned that they were looking into issues for its users and if your curious the of the current status of Coinbase can check there status page.

There’s a lot to take from this it does look like these issues have been fixed but as a safety precaution I recommend everyone to hold onto your crypto within a hardware wallet like a Ledger or a Trezor with the looming rumors of a possible Coinbase Bankruptcy be as safe as you can.