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Sold Bitcoin to a closed Bank Account...what happens next?

Discussion in 'CryptoCurrency' started by CjTheFish, Oct 30, 2016.

  1. CjTheFish

    CjTheFish Junior Member

    May 3, 2014
    Likes Received:
    Hey guys.

    So last Wednesday I sold around 3.1 Bitcoin to my bank account using Coinbase. However yesterday when I woke up I realized that the account I had sold the Bitcoin to had been closed by me about a month or so ago.

    I went into my bank and they confirmed for me that the account has in fact been closed and that the deposit should have been kicked back to the sender already.

    When I log into Coinbase my balance shows 0 though. I've gone ahead and emailed support and also added my new bank account to my Coinbase account. I've been a customer there for several years so I want to believe that they will take care of me...but I'm also a bit nervous about not getting my money back as I've heard some horror stories.

    Has anyone been in a similar situation?

    What do you put my odds at getting my money back at?

    Thanks so much.
  2. sam00168

    sam00168 Newbie

    Nov 27, 2011
    Likes Received:
    Currency Exchanger , Forex Investor
    Home Page:
    Well what you mean by horror stories , although i never had this type of issue but still its a common thing .
    1> You are old member in Coinbase
    2> You must placed withdraw from your registered Coinbase account by verifying correct login info and by entering into account with your regular IP Address
    3> You placed your BTC coins withdraw for Bank transfer , this mean Coinbase sending Fiat Currency from their bank account to your registered bank account which you mentioning you closed some days ego

    Now if all above info correct and legit , why you worry ?
    its FIAT CURRENCY TO FIAT CURRENCY PROCESS [ in exchange of Bitcoin to Coinbase ]
    so that means if your bank is closed and bank department saying any deposit coming should get kick back , that means whatever FIAT Currency COINBASE sent to your bank account for this withdrawal will be kicked back to Coinbase's Bank account as FIAT CURRENCY , so basically they verify legitimacy of your claim and return BTC to you simple .. I don't see any BTC loss here . Now if Coinbase deny then there will be problem and scam from Coinbase .