Bitcoin Forum

Economy => Service Discussion => Topic started by: timtowner on July 13, 2015, 11:38:04 AM



Title: Coinbase is down. Makes me nervous......
Post by: timtowner on July 13, 2015, 11:38:04 AM
I just started to get into the bitcoin market and I'm using Coinbase.  But it has been down for about an hour now.  The entire site won't even show up.  Should I be concerned about my money?? 


Title: Re: Coinbase is down. Makes me nervous......
Post by: OmegaStarScream on July 13, 2015, 11:39:18 AM
I just started to get into the bitcoin market and I'm using Coinbase.  But it has been down for about an hour now.  The entire site won't even show up.  Should I be concerned about my money?? 

Of course you should , it's your money on the line . that's why you should never keep your money in an online wallet/exchange .
https://status.coinbase.com/
"Identified - We have identified a connectivity issue with our primary database server, resulting in unplanned website downtime. Further updates will be provided shortly. "
Something simillar happened Last week to them , it's not going too good .


Title: Re: Coinbase is down. Makes me nervous......
Post by: Victor Beckham on July 13, 2015, 11:42:48 AM
CoinBase is a wallet/shop that does not give you your own private key, which makes it vulnerable. You should use wallet (online/offline) that allows you to access your own private key and exchanges like LocalBitcoins.com or 100bit.co.in (http://www.100bit.co.in) are always preferred over centralized shops like CoinBase. At least you wont lose your KYC details to some notorious hacker, even if their database gets hacked.


Title: Re: Coinbase is down. Makes me nervous......
Post by: aurel57 on July 13, 2015, 11:51:39 AM
Back up now and working fine for me


Edit: and now it seems back down again


Title: Re: Coinbase is down. Makes me nervous......
Post by: aakashsangwan on July 13, 2015, 11:54:57 AM
Don't worry about it.  Maybe they are updating the database of website.
Just wait for some time and it's gonna be OK.


Title: Re: Coinbase is down. Makes me nervous......
Post by: Scamc0p on July 13, 2015, 11:56:34 AM
Noticed that now. It is faster now and received my payment quicker then usual.

update:
It is down once again.

Coinbase is currently offline




No cached version is available.

The most likely causes:
•The server is down for maintenance
•There may be a network problem
•The site may be experiencing excessive load

I would imagine from everyone logging in all at once, it is overloading their servers.
Way to stress test them guys!


Title: Re: Coinbase is down. Makes me nervous......
Post by: frank0929 on July 13, 2015, 12:07:45 PM
I just started to get into the bitcoin market and I'm using Coinbase.  But it has been down for about an hour now.  The entire site won't even show up.  Should I be concerned about my money?? 

It's back up again. There is no need to worry about that.
Still you shouldn't hold your money in exchanges.


Title: Re: Coinbase is down. Makes me nervous......
Post by: aurel57 on July 13, 2015, 12:16:10 PM
Back up again.


Title: Re: Coinbase is down. Makes me nervous......
Post by: SmartIphone on July 13, 2015, 12:16:23 PM
Coinbase is back guys:

Monitoring - The issue has been resolved, and website is operating normally. We will continue to monitor the situation.
Jul 13, 05:13 PDT


Title: Re: Coinbase is down. Makes me nervous......
Post by: frank0929 on July 13, 2015, 12:19:00 PM
Back up again.

I've already written the same thing, why did you write completely same post after 10 minutes?