Breaking News – Coinbase Down, Users reporting Problems

Tried to log into Coinbase today and you got this?

At the time of writing, Coinbase, a Bitcoin Exchange based in San Fransisco, came back online but with limited functionality. Coinbase were founded in June 2012, and they are a digital currency wallet and platform where merchants and consumers transact with digital currencies such as bitcoin, ethereum, and litecoin.

 

 

User problems are continuing – Tweets regarding Coinbase website being down and certainly this one highlights the problem with keeping your cryptocurrency in a hot wallet on an exchange.

And here is a warning from fellow Bitcoiner

 

And then there was news of this hacking!  

 

 

Bottom line – do not leave your coins in a wallet on an exchange – use exchanges for what they are intended, for buying and selling.  Ensure you move your bitcoin out as soon as your trade is complete.


Other articles involving Coinbase;

Insolvency Speculation

Coinbase CEO denies insolvency

And the ongoing saga of the IRS and Coinbase:-

IRS Tries Again To Make Coinbase Turn Over Customer Account Data

 

 

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