Coinbase Down Again!
So, once again the price of Ethereum is down to around $250 and Coinbase has gone down for maintenance. Their status page says:
"Ethereum Sends Delayed, Buys and Sells Offline"
"Coinbase.com Website Outage"
This is super frustrating, especially when a service like Coinbase charges a premium for buying and selling!
You can track the status of the Coinbase service on the service status page on their website.
Coinbase does this every time when the price drops. There is no way to purchase ETH at these lower prices.
Yes, and it's so annoying! I tried purchasing on Gemini, but they require you to make a deposit via bank first, which can take up to 3 - 4 days :'( !! Also tried bitfinex, but they're no longer accepting USD deposits! super frustrating is what this is! do you know anywhere else to buy ether from?
Makes you wonder whether do take certain cryptos and wallets offline for their own benefit. I see all exchanges and brokers do that and that mostly happens at specific moments.
This is why I don't like to short trade and deal with exchanges.
I think it's also because cryptocurrency networks can't handle high volumes and volatility.
Exchanges and brokers essentially are uncoupled from any blockchain/platform/crypto. If their own network can't handle traffic that can be a problem. On exchanges it's just ask and bid between what we put on it. On brokers we simply buy what they have. If brokers run out of stock... well then they have 0 to sell.
But to take wallets offline or complete cryptos under maintenance at serious moments... well that often smells fishy. It seems like they quickly tweak something to maximize their own profit. But who knows right.... do we even know if they are regulated?
Not regulated as far as I know. Invest at your own risk!
they are registered and insured, but don't think they're regulated. if they were, they wouldn't go down each time the prices go down :P this is insane!
See this so much I am unsure if it's new or old news... LOL. Never using this service ever again!
same here, i am going to take my balance out into a personal offline wallet.
I'd do that ASAP!
I would love to purchase a hardware wallet prior to that though. Seems the safest option (unless of course it crashes or you lose it haha holding digital currency is scary lol)
I bought one. Still waiting for it... wrote a post about it: https://steemit.com/cryptocurrency/@valderrama/ledger-increases-production-to-deliver-over-one-million-units-this-year
I contacted them recently, and they said that I can only preorder one and it will be shipped in September :(
Then I guess you will be one of the million extra pre-ordered devices that are being made right now.
Demand is huge for those Ledgers!