Categories: ExchangesNews

Litecoin transferred to Bitcoin Address, Coinbase under fire on social media for unhelpful customer support

Coinbase, the largest exchange in the US, has come under fire due to an unhelpful cusotmer service experience. When Coinbase user Dustin  Jindra, accidently sent Litecoin [LTC] to Bitcoin [BTC] address, the Coinbase customer service gave a standard response stating the coins aren’t recoverable.

Turns out the tokens are recoverable. The Crypto Twitter community was able to help Dustin Jindra recover his Litecoins. Apart from being totally unhelpful regarding recovering the Litecoin, twitter community was more angered by the fact that Coinbase does not have basic checks in place.

Even Cypherpunk and Crypto influencer Jameson Lopp joined in the conversation stating that the coins are recoverable.

The coins were indeed recoverable which Dustin confirmed on the thread.

Blockmanity’s Take

Most of the cryptocurrency exchanges are known for their bad service. But this kind of service wasn’t expected from Coinbase which is a unicorn valued at $8 billion. How can Coinbase improve? Well, for starters address verification is must. Exchanges have a responsiblity to ensure the user’s funds are safe.

It is Coinbase’s responsiblity to ensure that the token’s aren’t being sent to a different blockchain address.

 


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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.

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Ishan Garg

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