Because it prepares to go public, Coinbase continues to be struggling to supply assist to clients who’ve points with funds being available, or their accounts being hacked or locked, in keeping with a report by the New York Times. The trade is commonly thought-about to be one of many safer bets for these seeking to put money into crypto, however the story exhibits that customers who run into bother could possibly be omitted within the chilly.
The Instances tells the story of dozens of consumers who’ve had cash stolen from their accounts, or who’ve had their accounts locked (which seems to be a frequent complaint), and their difficulties getting in contact with an actual individual at Coinbase. The corporate’s vp of buyer expertise says that it faces “a novel set of buyer expertise challenges” on account of the truth that crypto buying and selling is at all times lively, and has just lately seen a rise in demand. However Coinbase’s belief points return a very long time — again in 2014 we wrote about how some customers lost trust in the company after their accounts were hacked.
Coinbase additionally informed the Instances that actual people reply to requests for assist, and that it had added 2,000 folks to its assist workforce in current months. The corporate additionally publicly dedicated to better and faster customer support back in January. Regardless of this, the Coinbase subreddit continues to be largely devoted to folks speaking about how the corporate’s assist hasn’t been serving to them (although it’s price noting that the pattern is considerably self-selecting, and Reddit posts aren’t verified proof of a difficulty).
Coinbase may not be alone in having poor buyer assist, however having a status for not serving to its customers could possibly be problematic for an organization that wishes to be publicly traded — if clients really feel like they can not belief a platform, they’ll search for options. And, as a a monetary crimes professional factors out within the Instances article, the corporate will even be topic to larger regulatory oversight and visibility if it’s public.