❕NEWS – Coinbase goes offline as bitcoin prices continue to grow to great heights | Proxies-free

Coinbase is one of the most popular wallets that is used for bitcoin in terms of its storage and also for exchanges between other coins, however the company did not plan for the excessively high number of transaction that are taking place with bitcoin as the price nears 17000 dollars.

This however, is now the first time that Coinbase has been down this year, as a result of these excessively high traffic on the blockchain network. A similar incident occurred late last month, on the 27th of October. And whilst the company has said that they will investigate this and revert back to their customers so that this does not happen in the future, the truth of the matter is that those that are involved with trading could have made some major profit during the offline time.

Do you think that maybe it is time for these users to change from coinbase to another wallet/exchange? Or do you think that coinbase will soon be back on track? Let me know what you think below. Thanks.