written by reader Getting money back from Coinbase

By Anonymous Questions, March 20, 2018

I have a question concerning cryptos and then sending them to exchanges. Please keep in mind I am new to this and not tech savvy nor am I some young person who has a quick grasp on new technology. But I do know when I have money that disappears from my accounts!
When I first got into this, which was this year, I wanted to move BTC to Kraken so I thought I sent a test amount of a small quantity which went through. Then I sent another small amount which also went through. I did this again with a larger amount, testing the water. My final transfer was for a larger sum, which also went through. These coins were all sent from Coinbase. I admit it wasn’t a huge amount of money, only $548.87, but for someone on Social Security that is a huge amount.
This is my problem….somehow along the way, all of the coins ended up at a site called BlockCypher. I have no idea how or why. I contacted them and they said that BlockCypher does not control the Bitcoin / Ethereum / Litecoin / Doge / Dash networks, nor do they control any funds. That I should contact Coinbase so I did. Coinbase says they are not responsible. I guess what I want to know is how did they get there and how do I prevent it from happening again. Do you think I can I get the coins back?
What is BlockCypher anyway? I am afraid now to send any coins for fear of it happening again. This Cypto World is all new and confusing to me, as I’m sure it is to many others! I’m trying very hard to understand it though. That’s why I try to turn to those who know more than I do for advise when I need it!
Thank you in advance for any help you may be able to offer.

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Michael
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Michael
March 23, 2018 5:12 pm

I too use Coinbase but never had this problem. Try this link, hopefully it will help.

https://decentral.zendesk.com/hc/en-us/articles/115000161433-How-do-I-check-my-transactions-on-Blockcypher-#find_out_failed.

Or just Google “How do I check my transactions on Blockcypher” if you don’t trust my link :-).

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Pam Huff
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Pam Huff
March 23, 2018 6:03 pm
Reply to  Michael

Thanks for answering! So what is BlockCypher? I checked the link you provided and mine shows it as received, sent and confirmed, but, it never showed up in my Binance acct. So now what? I know it’s not $1000’s of $$ but it still hurts. Makes me mad more than anything because I don’t understand it!

Michael
Guest
Michael
March 26, 2018 2:51 pm

BlockCypher is a browser that allows you to view Bitcoin transactions on the block chain.

I too use the Binance exchange and have not had any issues. Transactions usually take a few days. Hopefully your transfer is still underway. Your Coinbase wallet should say if its pending or complete.

If not, the only other thing I can think of is that your key was incomplete, maybe missing a digit when you did the copy and paste.

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phuff112
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phuff112
March 26, 2018 10:56 pm
Reply to  Michael

Thanks for the explanation, Michael. I will continue to watch for the transfers. I did notice a few of my transactions have shown up with such an exorbitant fee, I’m talking some as much as 40% for the minor transactions. I sent a few minimal transactions to make sure they would go through, understanding there would be a higher fee for doing so.
I want to thank you for keeping up with helping me understand this new and I must say, exciting, world of cryptos!!

mmatfess
Member
March 27, 2018 8:17 am

If I read it right, You’re playing with money you cannot afford to lose, in a game you do not understand. You’ve fallen for the hype that you can turn Hundreds into thousands with Crypto, and sorry to say it, but you are late to the party, and when you did show up you were dressed for a costume party. (harsh, but not a bad analogy!). You wouldn’t go to a casino and play poker without knowing the rules, would you? Crypto is all the rage right now because so many companies can make money off it……Large fees, transactions being lost. It seems more of a bet than an investment strategy.
Again, this is harsh, but I would never invest in something I cannot understand the basics of, and I hope before you add any more money to cryptos, you’ll at least weigh that against a good, solid investment strategy.

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Lorns Leyymsn
Member
Lorns Leyymsn
April 18, 2018 9:14 pm

I cannot log into Coinbase today! Have they disappeared too, like many others?

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