Don’t Risk Frozen Funds: Coinbase Has a Major Issue, So Choose Non-Custodial Best Wallet Instead
June 09 2025 - 8:48AM
NEWSBTC
Coinbase CEO Brian Armstrong has acknowledged that the unexpected
freezing of user accounts has been a major issue for the
cryptocurrency exchange. In a recent announcement on X, Armstrong
stated that the company has successfully reduced these unnecessary
account restrictions by 82% and is committed to further
improvements. The progress comes after significant investment in
upgrading the platform’s machine learning models and
infrastructure, according to Dor Levi, a product team member at
Coinbase. The enhancements have improved the precision of the
Coinbase security systems, leading to fewer legitimate accounts
being mistakenly flagged and frozen. Despite these advancements,
Armstrong and Levi confirmed that Coinbase will continue to comply
with court orders and legal sanctions requiring account
restrictions. The Custodial Dilemma: When Your Crypto Isn’t Yours
Despite the platform’s efforts, the announcement has been met with
continued frustration from many customers. Some users on social
media reported being unable to access funds for months, and in some
cases, over two years, leading many to abandon the platform.
Compounding the issue are complaints made on X about the difficulty
of reaching a human customer service representative to resolve
matters. The situation is a stark reminder of the inherent risks
associated with custodial wallets, where a third party, like
Coinbase, holds the user’s private keys and thus has ultimate
control over their funds. Given these challenges, the principle of
‘not your keys, not your crypto’ has never been more relevant. The
only way to guarantee immunity from third-party freezes, breaches,
or restrictions is by using a non-custodial wallet like Best
Wallet, where you retain complete control of your private keys and
digital assets. Best Wallet: Security You Control, Freedom You
Deserve If you’re looking to escape these custodial risks, Best
Wallet offers a powerful solution built on the principle of true
ownership. As a leading non-custodial wallet, it ensures your
private keys are stored directly on your device, not a central
server. This eliminates the risk of a third party freezing your
account, as users have experienced with Coinbase. Beyond its
security, Best Wallet is a feature-rich powerhouse. You can
seamlessly manage a diverse portfolio with its multi-chain support
and display your prized digital collectibles in the integrated NFT
gallery. Forget complex exchanges; the built-in swap feature allows
you to trade assets instantly and securely right within the wallet.
With Best Wallet, you are your own bank, empowered with true
financial sovereignty and the cutting-edge tools to navigate the
world of digital assets. It’s more than just security; it’s the
freedom to manage, trade, and display your entire portfolio on your
terms. Best Wallet Token ($BEST): Rewarding Your Financial Freedom
At the heart of this user-centric ecosystem is the Best Wallet
Token ($BEST), a key that unlocks the ecosystem’s full potential.
$BEST is more than just a digital asset; it’s a utility token
designed to reward its holders. By owning $BEST, you unlock instant
access to premium features and valuable financial benefits within
the Best Wallet ecosystem. Enjoy significantly reduced fees on
in-app swaps and transactions, maximizing the value of every trade.
$BEST is also your ticket to higher yields, granting you access to
boosted staking rewards on various assets. One of the most
appealing benefits of holding $BEST is its early access to the best
new crypto presale tokens from up-and-coming projects, allowing you
to invest before they hit the market. Beyond personal gain, holding
$BEST gives you a voice. It grants you governance rights, allowing
you to vote on key proposals and help shape the future development
of the Best Wallet platform. $BEST is available in presale for
$0.025155, but we predict it could reach $0.035215 by the end of
2025, an impressive 39.99% gain if you invest now. $BEST isn’t just
an asset; it’s your all-access pass to a more powerful, rewarding,
and community-driven crypto experience. Ready to join? Our
step-by-step guide on how to buy Best Wallet Token will walk you
through the process. As non-custodial wallets like Best Wallet and
its native token $BEST could unlock many impressive features and
overcome issues that custodial wallets face, you must remember to
research before making any investments.
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