Global Exchanges Straining Under Increased Demand for Bitcoin

Trading platforms globally are taking strain under the increased demand for bitcoin and some alternative coins.  This is on the back of rising prices which is causing mainstream media to take notice.  Reports on the bitcoin price to the wider public is becoming common place as interest in the new digital economy grows.  More and more individuals are adopting bitcoin and the first thing that a newbie does… is open up a wallet on an exhange and attempt to buy.



As a result of this influx, a few exchanges have struggled to deal with the demand, Denial-of-Service (DDoS) attacks, increased customer support, and even keeping their website online and operational.  A distributed denial-of-service (DDoS) attack is an attack in which multiple compromised computer systems attack a target, such as a server, website or other network resource, and cause a denial of service for users of the targeted resource – definition by wikipedia



Just a few days ago, we reported Breaking News – Coinbase Down, Users reporting Problems.  Coinbase has registered nearly 100,000 new accounts per week and currently services 7.2 million customers.  Other exchanges such as Kraken, Poloniex and Bitstamp have had their fair amount of problems too.



Coinsecure, one of India’s top three bitcoin exchanges, has been experienin “exponential growth” of bitcoin users on its platform this week which has cause some deposit and withdrawal delays. Zebpay, another major Indian wallet and exchange, reached half a million downloads of its mobile Android application this week adding 2,500 new users every day to its platform.



Exchanges must be used for what they are intended and that is buying or selling various cryptourrencies such as bitcon, ethereum, litecoin etc.  Once you have completed your transaction, transfer the cryptocurrency to another wallet such, preferably offline such as Your Swiss Bank In Your Pocket or a virtual bitcoin card online.


As Bitcoin value increases, cybercrime increases – make sure you keep vigilant and safe – keep your private keys private!




Read More:-  Even the world’s largest bitcoin exchange couldn’t handle this week’s cryptocurrency boom

Read More:-  Poloniex Suffers Attacks Seeing 600% More Active Traders in 2017

Read More:- ‘Unprecedented’ Bitcoin Boom Sees Coinbase, Kraken Suffer Outages


Let us know whether you have experienced problems with exchanges this week – add your comments below, we would love to hear from you!

Please leave your comments below


Bit-Media is proudly sponsored by BitVault


BitVault is the World’s first Blockchain phone – the most secure device on the market for Bitcoin transactions featuring 3IMS(Third Party Independent Multi-layer Security) enabling secure messaging, secure calling and much more. The biometric scanning makes your BitVault unique to you.


Launch of the World’s First Blockchain phone

Introducing Bit-Vault, for The Exclusive Few

Need more info?

Order during the Pre-Launch period or get on the Early Bird list to keep updated!

CLICK on the BitVault icon below now



Click on the icons below and download the Bit-Media app – it’s FREE!



Spend your Bitcoins by swiping your Cryptopay debit card or use the FREE virtual card for online purchases.

25% discount when you purchase Cryptopay debit card – CLICK HERE


Get a FREE BITCOIN EDUCATION and keep abreast of the news by following

Bit-Media Blog, Bit-Media Facebook page and the Bit-Media YouTube Channel 

Embrace the new digital economy, do not get left behind!