Binance has problems with connections with today crash

[OcTradism]

Today, Binance shown that they have technical problems with the market crash. Within 10 to 30 minutes, it was super hard to submit orders and get it successfully loaded on the market orders.

It happened with Binance since the beginning of bitcoin bull run. Honestly I respect the quality and creativity that Binance run their services and some products that create trend in crypto. Today problems recall me the same with Poloniex and Bittrex in 4 years ago bull run.

I hope in this bull run, the market will have another new outstanding exchange.

[JooBra]

Today, Binance shown that they have technical problems with the market crash. Within 10 to 30 minutes, it was super hard to submit orders and get it successfully loaded on the market orders.

It happened with Binance since the beginning of bitcoin bull run. Honestly I respect the quality and creativity that Binance run their services and some products that create trend in crypto. Today problems recall me the same with Poloniex and Bittrex in 4 years ago bull run.

I hope in this bull run, the market will have another new outstanding exchange.

So it was them having the problems not my internet... I think situation now is much better then 4 years ago. We have couple of big exchanges which showed their trust. Also the more we have the better it is.

[Issa56]

Today lots of people hard problem with binance lot's of people think it was there network but it was from binance most people where unable to sell there coins which really affected lots of people must expecially people that are trading in future most people got liquidated because they where not able to sell there coin which lead to liquidation. The last time binance hard this kind of problem was when bitcoin crosses $20k most people short bitcoin on binance and got liquidated they where unable to cancel there trade.

[logfiles]

This is now becoming more and more frequent, and is now happening in every sudden market price changes. The major reason could probably be due to a high volume of traders using the platform to execute orders at a certain time.

I observed the same thing in Binance last year when Bitcoin price spiked, and I posted about it here

[BitMaxz]

It's working fine for me using the Binance app I don't know on their web but trading here on the Binance app is fine without a problem submitting orders.
Try to use their app maybe the issue it's just on their web version but on the Binance app, I haven't experienced any issue or delays.

It was recently and they solve the issue after 1 hour according to this tweet here https://twitter.com/binance/status/1383732818862219271

[johnwest]

It's almost the same with every exchange these days, they had like 3 years and most of them knew that there is going to be a bull run sooner or later but still they didn't figure out a way to cope up with the new members flood. Another thing to point out here is that new users are impatient, they want everything in a click and moment which is not a practical thing to do. I would say Binance is still far better than some other exchanges whose downtimes are like in hours.

[OcTradism]

This is now becoming more and more frequent, and is now happening in every sudden market price changes.

More frequently happens in recent months. You pointed out a truth.

The major reason could probably be due to a high volume of traders using the platform to execute orders at a certain time.

It is reason but as a company and service provider and earn millions of dollars from their service, they should prepare infrastructures and bandwidth better. Poloniex and Bittrex had same issues in 2017 and they lost their positions.

If it is your service, responsibility of quality is yours, not yours customers. Market crash causes loss for your customers from price crashes and your bad service causes more losses for customers. They don't want it.

It's working fine for me using the Binance app I don't know on their web but trading here on the Binance app is fine without a problem submitting orders.
Try to use their app maybe the issue it's just on their web version but on the Binance app, I haven't experienced any issue or delays.

I use app after I have problem with website.

I noticed another thing. Problems are more serious with BTC pairs but less seriously with USDT pairs. I am not sure but you can check it next times.

[Hamphser]

It's almost the same with every exchange these days, they had like 3 years and most of them knew that there is going to be a bull run sooner or later but still they didn't figure out a way to cope up with the new members flood. Another thing to point out here is that new users are impatient, they want everything in a click and moment which is not a practical thing to do. I would say Binance is still far better than some other exchanges whose downtimes are like in hours.

This is what we called that nothing is perfect, it might have some flaws but doesnt mean that they do suck.They wont really be coming the top exchange at the moment if they do really have some problem

There might be some lag and other delays but doesnt mean that it would be permanent.For sure they are fully aware  that they would need to improve even more.

For now the best is to understand as long they can give out those service that we do need even though with some hiccups then its still considerable.

[gabbie2010]

I was very disappointed yesterday when I was about to placed an order on my mobile phone on Binance platform, after several attempts which proved abortive  I have to let go the trade, I thought it was a network issue from my end here, thank you for bringing it to the notice of the forum forum members, I read a flash news 
on my trading platform now of a possible upgrade by Binance on 20th there is going to be short interruption of trading for 2 hours Binance traders take note

[OcTradism]

This is what we called that nothing is perfect, it might have some flaws but doesnt mean that they do suck.They wont really be coming the top exchange at the moment if they do really have some problem

There might be some lag and other delays but doesnt mean that it would be permanent.For sure they are fully aware  that they would need to improve even more.

Who care that Binance aware of their issues? The users got losses if their orders can not be set on time. Crashes can kill them and the suck, hiccups of service bring higher risks of being killed. Exchanges have their shady actions and they get benefits when users are killed. They are responsible for their services in any situation.

I was very disappointed yesterday when I was about to placed an order on my mobile phone on Binance platform, after several attempts which proved abortive  I have to let go the trade, I thought it was a network issue from my end here, thank you for bringing it to the notice of the forum forum members, I read a flash news 
on my trading platform now of a possible upgrade by Binance on 20th there is going to be short interruption of trading for 2 hours Binance traders take note

Any time Binance have updates, maintenance, price will have big movements. Ups or downs after the maintenance on 20th, please guess.

[royalfestus]

Today, Binance shown that they have technical problems with the market crash. Within 10 to 30 minutes, it was super hard to submit orders and get it successfully loaded on the market orders.

It happened with Binance since the beginning of bitcoin bull run. Honestly I respect the quality and creativity that Binance run their services and some products that create trend in crypto. Today problems recall me the same with Poloniex and Bittrex in 4 years ago bull run.

I hope in this bull run, the market will have another new outstanding exchange.

On the contrary when you see such complain on Binance and coinbase in the bull market on technical crash to prevent deposit, withdrawal and trade, they are controlling the price, maybe from dump. There is a recent tweet of a deposit of over 9000 btc on binance for trade in last few days and was also responsible for the crash along with the largest crash of hash rate.

[davis196]

Today, Binance shown that they have technical problems with the market crash. Within 10 to 30 minutes, it was super hard to submit orders and get it successfully loaded on the market orders.

It happened with Binance since the beginning of bitcoin bull run. Honestly I respect the quality and creativity that Binance run their services and some products that create trend in crypto. Today problems recall me the same with Poloniex and Bittrex in 4 years ago bull run.

I hope in this bull run, the market will have another new outstanding exchange.

Nobody knows whether or not the bull run will continue.Will this price correction turn into a bear market or will the price return back to 63K USD?I'm still a moderate optimist that we will return to the bull market during the summer.There's nothing wrong with having a bear market in April,May and June.
Such service interruptions of the big cryptocurrency exchange platforms happen,every time when there's a price correction.Maybe there's an overload of sell orders at a very short time frame and that's why Binance is having difficulties with their service.

[livingfree]

It's always like that.

Whenever there's a bull run or sudden price hike to bitcoin and other altcoins, the problem occurs. They knew it for a long time that many exchanges are like that.

And sadly, I saw someone shared it that because of that response from the exchange, he just have lost his life savings.

[DigitalFox]

I've experienced the same. Looks like at peaks they (along with most others, by the way) are unable to handle all incoming requests. Maybe it's time for them  to add more servers.

[noorman0]

Overloads and crashes are tolerable for services as large as Binance. Handling a large number of binance traders around the world is not easy, moreover, trading activities especially trading bots will be more active when the market is experiencing severe fluctuation.

-snip-
And sadly, I saw someone shared it that because of that response from the exchange, he just have lost his life savings.

What is the correlation between exchange crashes and lost savings? 

[wiss19]

Today, Binance shown that they have technical problems with the market crash. Within 10 to 30 minutes, it was super hard to submit orders and get it successfully loaded on the market orders.

It happened with Binance since the beginning of bitcoin bull run. Honestly I respect the quality and creativity that Binance run their services and some products that create trend in crypto. Today problems recall me the same with Poloniex and Bittrex in 4 years ago bull run.

I hope in this bull run, the market will have another new outstanding exchange.

It is usually a normal thing that happens to exchanges sometimes, it has also happened to Coinbase, so it’s not like Binance is the first that it is happening to. It is just with time they are going to see a solution to it and improve. And moreover, you have to understand all these are technology, there will also be times that a website will be down due to one issue or the other, it happens everywhere, and it is not an issue that can’t be solved, just the time that it is going to take. I believe that they are functioning properly right now, cause the issue has been resolved.

[Review Master]

I hope in this bull run, the market will have another new outstanding exchange.

Why don't we shift to FTX as it's on the same level to bet Binance and i didn't face any kind of technical problem on FTX whenever market is on correction mode. TBH, bittrex and poloniex was so much popular back in 2017-18's bull run and market was needed any alternative which was done by Binance. Just like that, we need an alternative one which will be innovative more than or like binance and FTX is the best one, IMHO.

[stomachgrowls]

I hope in this bull run, the market will have another new outstanding exchange.

Why don't we shift to FTX as it's on the same level to bet Binance and i didn't face any kind of technical problem on FTX whenever market is on correction mode. TBH, bittrex and poloniex was so much popular back in 2017-18's bull run and market was needed any alternative which was done by Binance. Just like that, we need an alternative one which will be innovative more than or like binance and FTX is the best one, IMHO.

Dont have any experience on using up that FTX that you had been talking but well if its a personal preference basing up on real experience then i can consider it but  we know that

the public or the entire community would really be the one who would decide on which one and what place they would really be hanging around not just on simply jumping into some exchange
just because they had been struggling or does have problems specially on some occasions.

Yeah, i do remember those bittrex and poloniex days but they havent lost up their popularity due to technical but rather into other means like it is way more
strict when it comes to KYC.

[FanEagle]

Today, Binance shown that they have technical problems with the market crash. Within 10 to 30 minutes, it was super hard to submit orders and get it successfully loaded on the market orders.

It happened with Binance since the beginning of bitcoin bull run. Honestly I respect the quality and creativity that Binance run their services and some products that create trend in crypto. Today problems recall me the same with Poloniex and Bittrex in 4 years ago bull run.

I hope in this bull run, the market will have another new outstanding exchange.

There seems to be problem with the BSC as well. I have been part of some DeFi projects and when I want to withdraw it takes more money, this wasn't just one DeFi neither because if it was I would say it is a problem by them, but I tried other places and it was a problem there as well. Especially when it comes to Cake that was a big problem, it required like 5x more withdraw fee than usual for me to be able to withdraw and took me nearly 2 minutes to withdraw, normally this is cheaper and a lot faster, like 10-15 seconds. So, to have something like this was a shock to me.

Deposits are still fine interestingly so I do not know why is that, I can deposit anything to anywhere and it is fine, but when I want to withdraw anything from anywhere it becomes expensive and slow. I suppose they had an overload and they will find a solution very soon.

[2double0]

Deposits are still fine interestingly so I do not know why is that, I can deposit anything to anywhere and it is fine, but when I want to withdraw anything from anywhere it becomes expensive and slow. I suppose they had an overload and they will find a solution very soon.

BSC is still in its very early phase and should not be judged at their present performance as they are continuously trying their best in keeping the chain working all the time. I agree that the withdrawal transactions are a bit more costly than deposits, but they are still cheaper against what we are paying on the Eth chain. I think they should be given some more time to develop BSC in a much better way.