- Problems associated with heavy trading as Bitcoin rose to an all-time high and then fell
- Company posted on
Furious Coinbase users have blasted the trading app after it went down AGAIN – on the day Bitcoin hit an all-time high after a two-year wait.
The company posted on Our team is investigating this issue and will provide an update soon. Your belongings are safe.’
It comes six days after shocked Coinbase users shared their shock at discovering their accounts on the crypto trading app had zero balances – as Bitcoin peaked on February 28.
As Bitcoin hit an all-time high today but then quickly fell 10 percent, crypto traders looked to ‘buy the dip’ – while others took profits.
On Coinbase, a customer on X wrote to the company: “You are a disaster. I can’t explain why you’re not prepared for high traffic. The cost of missing these dips should be yours.”
Coinbase tweeted about the issue at 3:44 PM EST, but users had problems before. They couldn’t buy or sell Bitcoin
Coinbase users were unable to trade on Tuesday as Bitcoin hit an all-time high
Coinbase replied to another customer on X: “We understand this is not an ideal experience.
“While we do not have an estimated time to resolve the issue, please rest assured that our team is working to get things back to normal as quickly as possible.”
At 4:27 PM EST, Coinbase tweeted: “We are seeing a recovery in customer transactions. Advanced Trade API users may experience greater throttling while we experience increased trading volume.”
But users said they still experienced problems afterward.
Coinbase said at 4:27 PM ET that the issue was “fixed,” but users were still reporting issues
Other users of
Problems on Coinbase affected other cryptocurrencies such as Solana
Coinbase users complained about the outage on X
Downdetector saw a spike in the number of Coinbase users having issues using the trading app
Bitcoin started to rise yesterday, prompting Coinbase, one of the largest crypto apps, to boost its back-end computers to meet expected demand.
The outage was discovered today by Downdetector, a third-party site that monitors problems on websites. Reports of an outage on Coinbase spiked this afternoon.
Following the issues this afternoon, a Coinbase spokesperson said: “Coinbase is on a mission to increase economic freedom for more than 1 billion people.
“We are encouraged by the excitement in the market and continue to double down on the capacity and resilience of our systems.”