MultiversX Tracker is Live!

Coinbase is automatically opting your funds in for staking when you exceed a minimum balance. They're basically tapping into user funds without your explicit consent.

All Cryptocurrencies

by COINS NEWS 123 Views

Coinbase is automatically opting your funds in for staking when you exceed a minimum balance. They're basically tapping into user funds without your explicit consent.

Some of you who used coinbase pro have gotten your account migrated to coinbase advanced trading.

https://preview.redd.it/0beet8utt33a1.png?694&format=png&auto=webp&s=c004deb3e062fde36c9e336d709f1da3cc7ff843

A main difference between coinbase pro and advanced trading is the staking(defi rewards) as you can see in the comparison below.

https://preview.redd.it/bmr9plvzt33a1.png?854&format=png&auto=webp&s=9498c962a91256cf5e9830fe8ed183be41f7ecca

The suspicious part is that all users who hold more than the minimum balance required are automatically opted in.

https://preview.redd.it/krtp1mc8u33a1.png?829&format=png&auto=webp&s=3a97f5988be992276cf6e71150e892912594b456

I may sound crazy and paranoid, but that is a red flag and suspicious imo. Why opt in all users? why not let us manually do it. They're basically taking our funds without our consent. All users should be opted out until they choose to opt in. Some of you may say why not take the free 5%? as we now have learned thanks to many bankruptcies, not everything is risk free. Users should not be opted in automatically.

submitted by /u/Far-Scholar9028
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments