KRAKEN - COINBASE down!!!

[voyager23]

What is going on??
Are they pulling a Robin Hood on us?!?!!

Tried 40 mins to get in - and when I am in it's impossible to trade, it just kicks you out!

Furious!

[1714166425]

1714166425

[DeathAngel]

Happens quite a lot when the market has significant moves, both up & down. This is why it’s better to do LIMIT BUYS & SELLS. Your orders get filled automatically then which lessens the impact of down time on you. I’m speaking from experience.

[voyager23]

Happens quite a lot when the market has significant moves, both up & down. This is why it’s better to do LIMIT BUYS & SELLS. Your orders get filled automatically then which lessens the impact of down time on you. I’m speaking from experience.

It's not right... They should have better servers... or whatever... Is this all open to fraud like Robin Hood??

[BrewMaster]

it is somewhat understandable and no amount of server can predict this. they are basically being DDOS attacked while it is not really an attack it simply is demand. a demand called FOMO.

when the price rise started a couple of hours ago, hundreds of thousands of newbie weak hands who had panicked sold last week rushed to the exchanges with great fear trying to buy bitcoin while seeing the price keep going up and them losing opportunities.
this much sudden traffic crashes any servers and it will keep growing since more people find out about the rise and get filled with fear of missing out soon.

[voyager23]

it is somewhat understandable and no amount of server can predict this. they are basically being DDOS attacked while it is not really an attack it simply is demand. a demand called FOMO.

when the price rise started a couple of hours ago, hundreds of thousands of newbie weak hands who had panicked sold last week rushed to the exchanges with great fear trying to buy bitcoin while seeing the price keep going up and them losing opportunities.
this much sudden traffic crashes any servers and it will keep growing since more people find out about the rise and get filled with fear of missing out soon.

When will this end? In the short term? How long to these FOMO PUMPS last?

[BrewMaster]

When will this end? In the short term? How long to these FOMO PUMPS last?

it is not a pump, it is certain people making rash decisions. it happens during drops too. they usually don't last that long but it is hard to predict. some actual DDOS attacks also happen during these times from butthurt people who are losing money because of price going up. it shouldn't be any longer than half a day (most of the times).

you have to follow the exchange's announcements to know for sure.

[RickDeckard]

What is going on??
Are they pulling a Robin Hood on us?!?!!

Tried 40 mins to get in - and when I am in it's impossible to trade, it just kicks you out!

Furious!

I think it's normal considering all the current situation with GME and people that are late in the train and are trying to see if they can take advantage of any kind of rise in anything really. With the push from Elon they are also turning their heads to BTC hence Coinbase and Kraken (perhaps others?) are taking the fall.

What I can say to you is to keep trying until you're able to do whatever you are doing. As always, remember to always double check every information when you're dealing with this kind of trade (Address mainly)

[Coin_trader]

I believe some exchange besides kraken and coinbase experience a temporary maintenance after a quick pump on the today. Due to insane volume of transaction in short period of time, Most system might get an error that will result for a temporary maintenance. Kraken and coinbase is benefiting on exchange fees especially on a trillion dollar market cap, Why they will run while they have a good position on this huge market?

[pakhitheboss]

Nothing new whenever their is a big pump exchanges do tend to get stuck due to high volume. Their have been many instances when such issue have happened with coinbase. Still they have not learnt from the past.

[masterzino]

What is going on??
Are they pulling a Robin Hood on us?!?!!

Tried 40 mins to get in - and when I am in it's impossible to trade, it just kicks you out!

Furious!

Kraken Balances & Login was down while the trading platform *the Battle Station* was relatively stable for an outburst. I was able to put/cancel orders in 30% of the time. I don't think the Kraken crash is connected to Robinhood. I believe it was a normal technical problem as I got '500 timeout error' multiple times.

Everything is fine for me for nearly 10 hours. For you?


Edit: Nearly 60 seconds after my post, Kraken entered into maintenance again

https://status.kraken.com/

I still can see the Battle Station trades but cannot 'Connect to start trading'

[thesmallgod]

I think binance have make announcement as regard to that. Withdrawal were deactivated and users are not allowed to trade. They claim it was due to traffic congestion especially for new trader that want to sign up. I don't know how true is this but since no one has complain of their wallet getting tampered it so it is not due to hacking or anything. A lot of people are actually going crazy because of dogecoin so maybe that is what makes binance to going down but everything seem to be normal now

[Swordsoffreedom]

This is really annoying, Many traders have lost their money due to these useless maintenance excuses. Not only do they turn off the service during pumping, they also turn off the service when the price goes down.

This is why it’s better to do LIMIT BUYS & SELLS. Your orders get filled automatically then which lessens the impact of down time on you. I’m speaking from experience.

Stop Limit is not a proper solution, it is another kind of trap. I've faced many unnecessary bounces when placed stop-limit conditional order. for this reason, I left Kraken and moved into Bitstamp and Binance.

[voyager23]

This is really annoying, Many traders have lost their money due to these useless maintenance excuses. Not only do they turn off the service during pumping, they also turn off the service when the price goes down.

This is why it’s better to do LIMIT BUYS & SELLS. Your orders get filled automatically then which lessens the impact of down time on you. I’m speaking from experience.

Stop Limit is not a proper solution, it is another kind of trap. I've faced many unnecessary bounces when placed stop-limit conditional order. for this reason, I left Kraken and moved into Bitstamp and Binance.

They will give preference to new people signing up snd depositing surly??? Simple business acquisition strategy!

[goinmerry]

This is really annoying, Many traders have lost their money due to these useless maintenance excuses. Not only do they turn off the service during pumping, they also turn off the service when the price goes down.

Checking the 12-24H char, there shouldn't be much losses but instead, others are didn't able to get in.

But that's really annoying when you want to do something but your trading platform isn't accessible or having downtime. They should at least prepare or can handle the heavy loads on that scenario as it was always expected when the price is going crazy.

[Lucius]

Given the profits they make it is really irresponsible of all of them to be unable to provide their services whenever there is an increased demand for those same services. It just shows us how unprepared these companies are for what everyone wants, and that's a bigger adaptation - while at the same time the basic infrastructure is cracking at the seams every time a slightly bigger pump happens.

I personally do not use their services, but I think all users should put constant pressure on them to upgrade their infrastructure and provide uninterrupted service to their customers.

[Swordsoffreedom]

This is really annoying, Many traders have lost their money due to these useless maintenance excuses. Not only do they turn off the service during pumping, they also turn off the service when the price goes down.

This is why it’s better to do LIMIT BUYS & SELLS. Your orders get filled automatically then which lessens the impact of down time on you. I’m speaking from experience.

Stop Limit is not a proper solution, it is another kind of trap. I've faced many unnecessary bounces when placed stop-limit conditional order. for this reason, I left Kraken and moved into Bitstamp and Binance.

They will give preference to new people signing up snd depositing surly??? Simple business acquisition strategy!

Yes, opening an account is free, You can start trading immediately by registering an account on Binance or Bitstamp. Even you don't have to pass any KYC on Binance. without KYC you can withdraw 2 BTC daily. that means the daily withdrawal limit is 2 BTC without KYC. If you have to withdraw more than 2 BTC/day then you must have to pass KYC.

[aoluain]

Given the profits they make it is really irresponsible of all of them to be unable to provide their services whenever there is an increased demand for those same services. It just shows us how unprepared these companies are for what everyone wants, and that's a bigger adaptation - while at the same time the basic infrastructure is cracking at the seams every time a slightly bigger pump happens.

I personally do not use their services, but I think all users should put constant pressure on them to upgrade their infrastructure and provide uninterrupted service to their customers.

Yes, I cannot understand why this is continuing to happen and why Coinbase
[this is the exchange I use] have not come to terms with sudden swings in
demand either buying or selling. Lets face it, these events are normal for crypto.

The cynic in me thought that the last time this happened , Last week I think
as the price fell, Coinbase deliberately went offline. but it happens even when
the market moves up, they are not doing themselves any favours loosing out on revenue.

[voyager23]

Given the profits they make it is really irresponsible of all of them to be unable to provide their services whenever there is an increased demand for those same services. It just shows us how unprepared these companies are for what everyone wants, and that's a bigger adaptation - while at the same time the basic infrastructure is cracking at the seams every time a slightly bigger pump happens.

I personally do not use their services, but I think all users should put constant pressure on them to upgrade their infrastructure and provide uninterrupted service to their customers.

Yes, I cannot understand why this is continuing to happen and why Coinbase
[this is the exchange I use] have not come to terms with sudden swings in
demand either buying or selling. Lets face it, these events are normal for crypto.

The cynic in me thought that the last time this happened , Last week I think
as the price fell, Coinbase deliberately went offline. but it happens even when
the market moves up, they are not doing themselves any favours loosing out on revenue.

Just with the whole Robin Hood fiasco I am even more suspicious! But ah well... Business is business!

[virasog]

Given the profits they make it is really irresponsible of all of them to be unable to provide their services whenever there is an increased demand for those same services. It just shows us how unprepared these companies are for what everyone wants, and that's a bigger adaptation - while at the same time the basic infrastructure is cracking at the seams every time a slightly bigger pump happens.

I personally do not use their services, but I think all users should put constant pressure on them to upgrade their infrastructure and provide uninterrupted service to their customers.

Yes, I cannot understand why this is continuing to happen and why Coinbase
[this is the exchange I use] have not come to terms with sudden swings in
demand either buying or selling. Lets face it, these events are normal for crypto.

The cynic in me thought that the last time this happened , Last week I think
as the price fell, Coinbase deliberately went offline. but it happens even when
the market moves up, they are not doing themselves any favours loosing out on revenue.

Just with the whole Robin Hood fiasco I am even more suspicious! But ah well... Business is business!

Just checked coinbase now and it is working fine. The outage and disruption was not because of Robin Hood but because of Elon Musk status changed to "Bitcoin BTC" which caused the big pump in the market and as usual coinbase unable to handle lot of traffic.

[voyager23]

Given the profits they make it is really irresponsible of all of them to be unable to provide their services whenever there is an increased demand for those same services. It just shows us how unprepared these companies are for what everyone wants, and that's a bigger adaptation - while at the same time the basic infrastructure is cracking at the seams every time a slightly bigger pump happens.

I personally do not use their services, but I think all users should put constant pressure on them to upgrade their infrastructure and provide uninterrupted service to their customers.

Yes, I cannot understand why this is continuing to happen and why Coinbase
[this is the exchange I use] have not come to terms with sudden swings in
demand either buying or selling. Lets face it, these events are normal for crypto.

The cynic in me thought that the last time this happened , Last week I think
as the price fell, Coinbase deliberately went offline. but it happens even when
the market moves up, they are not doing themselves any favours loosing out on revenue.

Just with the whole Robin Hood fiasco I am even more suspicious! But ah well... Business is business!

Just checked coinbase now and it is working fine. The outage and disruption was not because of Robin Hood but because of Elon Musk status changed to "Bitcoin BTC" which caused the big pump in the market and as usual coinbase unable to handle lot of traffic.

COINBASE:  "No assets could be found."

Give up!