Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Coinbase users report withdrawal issues despite official ‘resolved’ status

Share This Post

Coinbase said it resumed operations after a system-wide outage that impacted its website, mobile, and API for over three hours.

However, several customers of the crypto trading platform on social media claimed this was false as they could still not withdraw their funds.

One X user, Nigel Dias, revealed that he attempted to send his crypto but was met with a prompt that read, ” Sending to this recipient is temporarily disabled.”

Coinbase outage

According to the status page, the incident began around 4:19 am UTC and was resolved by 07:42 am UTC.

During the incident, the crypto trading platform stated that its users experienced failures in sending crypto or withdrawing fiat, marking the service as degraded. It added:

“[Some] customers may still be encountering connectivity problems and we appreciate your patience while we work to correct this. We’re still monitoring this closely.”

Meanwhile, Coinbase has yet to disclose the reasons for this outage or any compensation plan for users impacted by its issues.

The recent outage marks another in a series of disruptions experienced by the exchange in recent months. According to its status page, the platform has logged 14 incidents this month alone, in addition to the 29 incidents in April and 36 in March.

Bitcoin price reacts

Coinbase’s outage issue appears to have aligned with Bitcoin’s price dropping to as low as $61,400 from $62,660.

However, the flagship digital asset price has slightly recovered to $61,780 as of press time.

Coinglass data showed that the price action resulted in the liquidation of approximately $50 million during the past four hours, with most losses coming from long traders.

This price performance continued the current bearish sentiments pervading the market, which has seen BTC’s price drop by approximately 3% over the past seven days, according to CryptoSlate’s data.

The post Coinbase users report withdrawal issues despite official ‘resolved’ status appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Avalanche Price Breaks February Low — $20.07 In Danger As ETF Delay Triggers Bears

The post Avalanche Price Breaks February Low — $2007 In Danger As ETF Delay Triggers Bears appeared first on Coinpedia Fintech News Key Takeaways: AVAX dropped 1349% this week to $2007, breaking

Is Bitcoin Price Doomed For $93K? Technical Indicators Paint A Bearish Image

The Bitcoin price has not quite been able to maintain the bullish momentum that saw it climb to a new all-time high last week Instead, the premier cryptocurrency has succumbed to bearish pressure

Bitcoin Dominance May Have Hit Its Cycle High – What Comes Next For Alts?

Bitcoin is under renewed selling pressure after days of consolidating just below its $112,000 all-time high The market, rattled by macroeconomic uncertainty and rising volatility, has forced BTC into

Litecoin LTC Price Prediction 2025, 2026 – 2030: Can Litecoin Reach $1000 Dollars?

The post Litecoin LTC Price Prediction 2025, 2026 – 2030: Can Litecoin Reach $1000 Dollars appeared first on Coinpedia Fintech News Story Highlights Litecoin price today is Litecoin price may

$250B in Sight: Stablecoin Market Nears Milestone Within Striking Distance

According to current data, the stablecoin market expanded by approximately $131 billion over the past week, lifting the total market capitalization of fiat-linked digital assets to $247578 billion

Ethereum Price Forecast: Pullback Sparks Bullish Sentiment and Whale Action

The post Ethereum Price Forecast: Pullback Sparks Bullish Sentiment and Whale Action appeared first on Coinpedia Fintech News Story Highlights Ethereum price fell nearly 10% to $2,530 after rejecting
You have not selected any currencies to display