Coinbase Confirms Fifth Day of INR Withdrawal Outage
Coinbase has confirmed that Indian rupee withdrawals remain unavailable in India as of November 14, 2026, five days after its status page first flagged an outage at a banking partner. Coinbase India said in a November 14 update on X that “INR withdrawals are temporarily unavailable due to an outage at our banking partner.”
The exchange stated the outage is affecting the bank’s payouts for all of its clients, not just Coinbase. It also said other banking services were functioning normally, with INR deposits and bank account linking working as usual. “Your funds are safe,” Coinbase said, adding that it is working with the bank around the clock to restore withdrawals as soon as possible.
Deposits and UPI Stay Live While Payouts Freeze
The disruption separates Coinbase India’s deposit and withdrawal rails. The exchange said INR deposits, including UPI, and bank account linking are working as usual. That means users can still move funds into the platform, but cannot transfer rupee balances out to their bank accounts.
Coinbase did not provide a confirmed timeline for restoring withdrawals, according to the November 14 statement. The company also did not name the banking partner involved in the outage.
The halt comes months after the US-based cryptocurrency exchange expanded its INR deposit and withdrawal services in India, according to Business Today. Users expressed frustration on social media as the outage stretched past five days, the report said.
Unocoin and ZebPay Users Report Related Disruptions
The banking outage is not confined to Coinbase. Business Today reported that users of Unocoin and ZebPay also faced disruptions. That points to a bank-side problem affecting rupee payouts for multiple crypto platforms rather than an issue isolated to Coinbase’s own systems.
Coinbase’s November 14 statement supports that reading, saying the outage is affecting the bank’s payouts for all of its clients, not just Coinbase. The shared nature of the disruption means the restoration timeline depends on the banking partner resolving its payout issue.
What Five Days of Frozen Payouts Means for Indian Crypto Users
For Indian users, the practical effect is a one-way flow: deposits and UPI top-ups continue, but rupee balances cannot be withdrawn to bank accounts. Coinbase has said customer funds remain safe and that other banking services are functioning normally.
The disruption adds friction to crypto access in India at a time when the exchange had been expanding its INR services. The lack of a confirmed restoration date leaves users unable to plan around the outage, and the company has not disclosed which bank is affected.
What to Watch for a Restored INR Withdrawal Rail
The key signal is Coinbase India’s status page and its X account, where the exchange has posted updates on the outage. A confirmed restoration of INR withdrawals would end the five-day freeze. Until then, the absence of a named banking partner and a firm timeline leaves the resolution dependent on the bank’s own payout recovery.
Sources: crypto.news