Bitcoin Forum
July 21, 2018, 03:50:54 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2017-07-31] Mass Exodus from Coinbase Spawns 12 Hour Bitcoin Withdrawal Delays  (Read 2288 times)
tyz
Legendary
*
Offline Offline

Activity: 1624
Merit: 1022


View Profile
July 31, 2017, 05:32:37 PM
 #1

Mass Exodus from Coinbase Spawns 12 Hour Bitcoin Withdrawal Delays

Coinbase users are moving their funds to wallets and exchanges where they will be credited for Bitcoin Cash (BCC ) tokens, causing delays in Bitcoin withdrawals from the exchange.

Coinbase, the world’s largest (and often highest-rated) Bitcoin exchange, has made it clear that they will not honor the new Bitcoin Cash (BCC) token created by the Bitcoin blockchain split set to occur on August 1.

http://bitcoinist.com/mass-exodus-from-coinbase-spawns-12hour-bitcoin-withdrawal-delays/

            ▄▄████▄▄
        ▄▄██████████████▄▄
      ███████████████████████▄▄
      ▀▀█████████████████████████
██▄▄       ▀▀█████████████████████
██████▄▄        ▀█████████████████
███████████▄▄       ▀▀████████████
███████████████▄▄        ▀████████
████████████████████▄▄       ▀▀███
 ▀▀██████████████████████▄▄
     ▀▀██████████████████████▄▄
▄▄        ▀██████████████████████▄
████▄▄        ▀▀██████████████████
█████████▄▄        ▀▀█████████████
█████████████▄▄        ▀▀█████████
██████████████████▄▄        ▀▀████
▀██████████████████████▄▄
  ▀▀████████████████████████
      ▀▀█████████████████▀▀
           ▀▀███████▀▀



.SEMUX
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Kprawn
Legendary
*
Offline Offline

Activity: 1554
Merit: 1041

It is Better to burn out, than to fade away!


View Profile
July 31, 2017, 07:16:59 PM
 #2

This will not be the first time Coinbase has failed it's customers. In the most critical times their systems crash and people miss

out on opportunities. This is one of the reasons why I hate third party services and prefer to deal with people directly. We

should either stop using these services or continue using them, but only for Fiat conversion. Trade bitcoins directly and not

through third party intermediaries.  Roll Eyes

Spot available if you want to advertise something :->
soothaa
Hero Member
*****
Offline Offline

Activity: 714
Merit: 515



View Profile
July 31, 2017, 07:22:50 PM
 #3

This will not be the first time Coinbase has failed it's customers. In the most critical times their systems crash and people miss

out on opportunities. This is one of the reasons why I hate third party services and prefer to deal with people directly. We

should either stop using these services or continue using them, but only for Fiat conversion. Trade bitcoins directly and not

through third party intermediaries.  Roll Eyes
What other options are there? Especially if you want to trade on a decent platform such as GDAX there is really no substitute. ShapeShift is really the only other decent  have seen and they are for small volumes. Sure cold storage is great if you just want to old on to them but you can not trade or increase your holdings very well that way. Coinbase should probably have seen this coming and somehow accounted for it.. but then again maybe that would have exposed something, maybe they are covering up a hack? Who knows.

Want increased coin support within AwesomeMiner? Try my free plugin to add support for nearly any coin! https://bitcointalk.org/index.php?topic=2979494
Want Masternode income stats within AwesomeMiner? Try my free plugin to add support for them! https://bitcointalk.org/index.php?topic=3047367
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!