Has anyone run into this before?

I’m honestly at a loss.

I don’t trust exchanges to hold my crypto, so my plan has always been to move everything to my own wallet.

The problem is that every exchange I’ve tried either blocks my withdrawals or eventually restricts my account after I try to transfer my crypto to my own wallet.

The first exchange let me make one small withdrawal. After that, every withdrawal was denied, and eventually my account was restricted for “security reasons.” They never explained what triggered it. The only option they gave me was to sell my crypto, withdraw the USD back to my bank account, and move on.

I assumed it was just that exchange, so I opened accounts with Crypto.com, Kraken, and Coinbase.

Same story.

I can deposit USD, buy crypto, and hold it on the exchange with no issues. But as soon as I try to transfer it to my own self-custody wallet, the withdrawal gets denied. Eventually the account gets restricted or closed, leaving me with no choice but to sell everything, pay another round of fees, and send the cash back to my bank.

For context, I’m still fairly new to crypto. I don’t use mixers, I don’t gamble, I don’t send funds anywhere suspicious, and all of my accounts have been fully verified.

Has anyone experienced this before?

Is there something I’m missing, or is there a legitimate reason why multiple exchanges would refuse to let me withdraw crypto that I legally purchased to my own wallet?

Any insight would be greatly appreciated.

submitted by /u/Rebecca_0125 [link] [comments]r/CryptoCurrencyRead More

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