Scam Alert : Your Coinbase Withdrawal Code Text

You receive an unsolicited text message that appears to be from “Coinbase.” It often includes a “withdrawal code” (a one-time password or OTP) and a message like: “Your Coinbase withdrawal code is: [CODE]. If this was not you, please call us on [PHONE NUMBER]. Ref: CBXXXXXX.”

🚨 What the Text Means

The text message (usually from a short code) might say something like:

“Your Coinbase withdrawal verification code is 123456.”

This is a multi-factor authentication (MFA) code triggered when someone tries to:

• Withdraw funds

• Change account settings

• Sign in from a new device

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✅ Steps to Take Immediately

1. Do Not Share the Code: Legitimate Coinbase representatives will never ask you to provide your verification code.

2. Report the Message:

   • Forward the suspicious SMS to 7726 (SPAM). This is a short code service used by U.S. mobile carriers to report phishing attempts.

   • Send a screenshot of the message to security@coinbase.com.

3. Secure Your Coinbase Account:

   • Change your password to a strong, unique one.

   • Enable two-factor authentication (2FA) using an authenticator app like Google Authenticator or Authy, rather than relying on SMS-based 2FA.

   • Review your account activity for any unauthorized transactions.

4. Secure Your Phone:

   • Contact your mobile carrier to ensure your phone number hasn’t been compromised.

   • Consider adding a PIN or password to your mobile account to prevent unauthorized changes.

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⚠️ If You Didn’t Request It

This likely means someone is trying to access your Coinbase account without your permission.

✅ Do This Immediately:

1. DO NOT share the code with anyone — even if they pretend to be Coinbase support.

2. Change your Coinbase password immediately.

   • Reset password here

3. Enable (or verify) 2FA on your account using Google Authenticator or Authy — not SMS, if possible.

4. Contact Coinbase Support ASAP: support.coinbase.com

5. Check your email for suspicious login or withdrawal activity.

6. Check linked email account security: Change your email password too, just in case.

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🛡️ Tips to Keep Your Coinbase Account Safe

• Use authenticator app-based 2FA instead of SMS when possible.

• Never share your codes, even with someone claiming to be from Coinbase.

• Watch for phishing scams — Coinbase will never call or text you asking for codes.

• Use a strong, unique password for your Coinbase account.

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🧾 Legit Text vs. Scam

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📞 Need Help?

Coinbase only offers support via their help site — they will never text or call you unsolicited. Use only:

🔗 https://support.coinbase.com