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.

 


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

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.

Share
Published by
Ishan Garg

Recent Posts

Why Blockchain Threat Intelligence Protects Crypto Assets Today

Introduction to Blockchain Threat Intelligence Blockchain technology brings new chances but also new dangers. As…

15 hours ago

The Hidden Crime Wave in Crypto Kiosks Most People Never See

Why Crypto Kiosks Are Raising Red FlagsCryptocurrency kiosks, also called crypto ATMs, have popped up…

20 hours ago

Fresh Crypto Insights News and Live Price Updates Today

The world of digital money moves fast. Every day brings new stories that can change…

1 day ago

Bitcoin Price Cycles Point To The Next Big Drop Ahead

Bitcoin Price Cycles Point To AheadBitcoin has followed a clear pattern in past years. It…

1 day ago

Bitcoin’s Epic 930% Surge: Why Ark Invest Believes This Crypto Could Hit $800K by 2030

Bitcoin's Epic 930% Surge: Why Ark Invest Believes This Crypto Could Hit $800K by 2030Bitcoin…

2 days ago

From Pixels to Blockchain: How Games Will Onboard the Next Billion to Web3

Web3 is growing fast but it still feels hard for most people to join. The…

2 days ago