Users of Coinbase are still experiencing Technical Difficulties
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Trading crypto on exchanges has long been thought to be one of the finest methods to profit from the cryptocurrency market.
Coinbase, a crypto exchange based in San Francisco, is reportedly experiencing technical difficulties, according to a report. the technical fault, which is not the site’s first this year, originates from a number of connectivity issues the platform has faced in recent months.
Both of Coinbase’s platforms, Coinbase and Coinbase Pro, were stated to be down for a lengthy period yesterday, according to a tweet from the crypto exchange’s help handle.
Coinbase claimed to have resolved technical difficulties, yet consumers continue to have problems.
According to the sources reported, the bulk of consumers had failed transactions and connection troubles in their mobile apps, among other things, as a result of the difficulties.
However, according to a subsequent tweet from the exchange’s support handle, the issues have been resolved. Traders who want to utilize Coinbase’s products and services can now do so without problems.
According to records, the crypto exchange’s technical personnel battled the issues for two hours before finally succeeding.
Users quickly took to Twitter to criticize the crypto exchange, recalling a past technical glitch that occurred roughly a month ago.
According to the majority of them, the platform’s connection troubles were caused by new traders rushing in to trade top coins like Crypto.com, Shiba Inu, and GYEN.
Crypto.com coin CRO saw a whopping 300 percent increase on Coinbase after it was listed in November, according to CoinGecko data. Since November 19, Coinbase has prohibited traders from buying or selling GYEN.
Despite Coinbase’s claim that the problem has been resolved in a tweet today, several users have reported that they are still having problems.
A user complained that the problem lingered before he went to bed, and it persisted even after the platform announced it was fixed.
Despite the fact that the Coinbase Support team is still taking questions about the problems, the site has not updated the technical difficulties.
According to a corporate spokeswoman, there were challenges, but all of the issues have been resolved, and everything is back to normal.
Elon Musk, the CEO of Tesla, has responded by advising crypto traders to move their investments away from centralized exchanges.
Traders should avoid trading with any exchange that intends to keep their private keys for them, according to him.
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