Coinbase India Rupee Withdrawals Down Five Days

Coinbase has confirmed that Indian rupee withdrawals have remained unavailable in India, five days after its status page first flagged an outage at a banking partner. According to CryptoNews, the disruption began on Nov. 9 at 3:07 a.m. PST.

While INR withdrawals are temporarily unavailable, Coinbase stated that deposits, UPI, and bank account linking continue to work normally. The exchange warned customers against initiating new withdrawal requests that could fail or remain pending until the issue is resolved.

Banking Partner Outage

Coinbase India stated that the problem affects its banking partner's payouts for all clients, including businesses beyond the exchange. The company assured users that customer funds are safe and that its team is working with the bank around the clock to restore withdrawals. The statement did not name the banking partner or provide a definitive timeline for services to resume.

Users have criticized the platform over the communication delays and the prolonged downtime. Several replies on social media asked Coinbase to enable crypto withdrawals as an alternative during the outage. However, Coinbase's India policy permanently disables crypto sends once a customer adds a bank account due to local banking requirements.

Key facts

• INR withdrawals have been unavailable for five days following an outage first logged on Nov. 9.
• Deposits, UPI, and bank account linking continue to function normally.
• Coinbase advised users against submitting new withdrawal requests during the disruption.
• Adding a bank account permanently disables crypto sends for Indian customers under local requirements.