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Author Topic: Binance has problems with connections with today crash  (Read 321 times)
Fredomago
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April 22, 2021, 06:22:27 PM
 #41

Good thing I am using two platforms to trade, Binance and Kucoin. When that dip happened my internet connection are fine but the binance lags very much. You can't even add or close your open trades. And if you manage to make a buy order, it doesn't show immediately. Good thing I have an account on Kucoin and have some USDT there, I was able to buy some cheap altcoins when that dump happened. Their app didn't lag at all during those times. I guess binance should improve their app so that problem won't happen again or else they will lose some of their users.

Always good to have an alternative in case things like this happened, you'll be able to continue your trade even there's some issue with the exchange that you are using.

If you have options you can simply avoid using the one that have certain issue and proceed using the other one. Not new to this market even Binance also have some hardship either huge bulks of volumes or some issues with thier system.

Along the way, just wait for this to resolve then comeback using the platform again.

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April 22, 2021, 07:41:56 PM
 #42

Many exchange market get trouble when price up so we have not chance to sell on higher price, every time I see not only with binance but also my local exchange maintance when some coin have higher price, I see their team try to get moment early for selling coin on higher price but get access back when price dump.

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April 22, 2021, 08:40:43 PM
 #43

Yes, it's not that a major bug at all because it's just a visual bug about gains and losses. What's more painful to see as a bug if it affects the buying and selling orders that we've made.

That's not a simple bug anymore specially if the market has corrected and you bought at that time then they didn't credit your purchase order by that time as a sign of bug.
Thats an another problem which can be considered to be a major one and which will really be giving out more bad vibes or inputs towards the exchange.

Its true that the current one isnt really that serious since it do only matter out with visual bug which can easily be resolved out.I agree on what Oilacris mentioned above that

people are way too judgmental even with the slightest mistake that do happen.
I don't think of it as a major problem.

As long as the number of cryptos you have in your balance is correct and the wrong only is those gains and losses that you have. I don't see it as vital for me.

That's only for me because if I know how much I have, that bug is just an easy thing to be accepted temporary.

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April 22, 2021, 11:53:05 PM
 #44

anything centralized is against the spirit of blockchain itself and manipulation to get people liqudiated might occur, it is just at a press of a button. Hope decentralized exchanges will make a big impact in the next bull run where things will be neutral.

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April 23, 2021, 07:03:36 PM
 #45

Almost exchange have trouble but you should believe with Binance as bigger global exchange in the world can fix your trouble, maybe take maximum one day only for Binance make their system back to good service, many time withdraw on Binance maintance or disable but keep waiting until their problem solve and we can withdraw our assets.

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April 23, 2021, 07:40:57 PM
 #46

I always find binance crash whenever there is a crash on the market. So I do not make a trade if there is currently a crash or I have a feelings that the market gonna fall off and make a big red candle. I guess every exchange has the same impact due to the high volume during the dump

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