What are the common reasons why Coinbase takes money when a card is added?

3 answers

• AdjoaAug 04, 2021 · 5 years ago
  When you add a card to your Coinbase account, you may notice a small charge on your card statement. This charge is a verification process to ensure that the card is valid and belongs to you. It is a common practice in the industry to charge a small amount and then refund it immediately. Coinbase does this to prevent fraud and unauthorized use of cards. The charge is typically around $1 and should be refunded within a few days. So, don't worry, it's just a temporary charge to verify your card.
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• Mohamed RedaDec 06, 2024 · a year ago
  Coinbase charges a small amount when you add a card to your account as a security measure. This is to confirm that the card is valid and belongs to you. It is a common practice among many online platforms, not just Coinbase. The charge is usually around $1 and will be refunded to your account shortly after verification. So, it's nothing to be concerned about, it's just a standard procedure to ensure the safety of your account.
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• sys_errJun 16, 2020 · 6 years ago
  When you add a card to your Coinbase account, you may see a small charge on your card statement. This charge is a standard verification process used by many platforms, including Coinbase. It helps to confirm the ownership and validity of the card. The charge is usually around $1 and will be refunded to your account shortly after verification. This practice is in place to protect your account from unauthorized use and ensure the security of your funds. So, rest assured that this charge is temporary and will be refunded to you.
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