Coinbase Down Again When CryptoCurrencies Prices Goes Down

Citing high customer traffic, prominent cryptocurrency exchange Coinbase was down 5 hours ago  ‘for maintenance’.

San Francisco-based Coinbase, one of the world’s largest cryptocurrency exchanges with operations in over 30 countries is, at the time of publishing, experiencing an outage due to a surge in customer traffic hitting its website.

Users accessing the homepage see a message that simply reads “Service Unavailable”.

I am a strong advocate of NOT storing your bitcoins or other coins for long periods of time in exchanges like Coinbase. GET A REAL WALLET AND OWN YOUR PRIVATE KEYS! (article coming soon)

Coinbase is currently experiencing high traffic & customers have receive a “service unavailable” message when visiting Coinbase.com. We appreciate your patience while our team actively works to resolve this issue.

The outage is also impacting mobile users, even though Coinbase’s status page shows its iOS and Android apps to be operational.

This is the second outage in less than a month for the exchange, which offers bitcoin, Ethereum (ETH) and Litecoin (LTC) trading. On May 25, Coinbase pointed to an ‘unprecedented traffic and trading volume’ behind its outage at the time, when bitcoin rose to a (then) all-time high of $2,750 before losing $300. This time around, bitcoin struck an all-time high above $3,000 on Sunday, before seeing prices fall over $400 on Monday.

The outage has frustrated traders and cryptocurrency investors who were rightly quick to voice their displeasure.

Tweeters aren’t happy at all.

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Queen Wiki

Faith Sloan better known as “Queen Wiki” or “Crypto Queen” is a cryptocurrency enthusiast and trader. She has been a software engineer for 40 years and builds Decentralized Apps (DApps) on the Ethereum blockchain and plays with Tech toys. When she is not teaching, researching and writing about Cryptocurrencies, she’s traveling the world and feeding her eating hobby.