\n
![](\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/03\/NfPvWsHYT8e0fGymX9HfZQ-825x510-1.png\")
<\/p>\n [ad_1]
\n<\/p>\n
Angry Coinbase users slammed the cryptocurrency trading app after it crashed again on Tuesday (Mar.5), the same day Bitcoin hit a new all-time high price of $69,000 after over two years of waiting.<\/p>\n
At 3:44pm ET, Coinbase posted on Twitter: \u201cWe are aware that some users may be experiencing errors when transacting. Our team is investigating this issue and will provide an update shortly. Your assets are safe.\u201d<\/p>\n
\nWe are aware that some users may be experiencing errors when transacting. Our team is investigating this issue and will provide an update shortly. Your assets are safe.<\/p>\n
\u2014 Coinbase Support (@CoinbaseSupport) March 5, 2024<\/a><\/p>\n<\/blockquote>\n
The outage comes just six days after a previous incident where customers of the world\u2019s second biggest crypto exchange reported seeing a zero balance in their accounts<\/a>, despite Bitcoin spiking in value on February 28th<\/a>.<\/p>\n
This time around, as Bitcoin soared to a record high of $69,200 around 10am ET on Tuesday, surpassing its previous peak from November 2021, many traders were left unable to buy or sell.<\/p>\n
Is Coinbase down?<\/h2>\n
Frustrated Coinbase users voiced their anger on X. One customer wrote: \u201cWe can\u2019t buy and we can\u2019t sell and my accounts not being credited sales that went through.\u201d<\/p>\n
Coinbase responded to another user\u2019s complaint: \u201cWe understand that this is not an ideal experience. Although we don\u2019t have an estimated time to resolution, rest assured that our team is working on getting everything back to normal as soon as possible.\u201d<\/p>\n
At 4:27pm ET, Coinbase provided an update stating: \u201cWe are seeing recovery in customer transactions. Advanced Trade API users may see increased throttling while we experience increased trade volume.\u201d However, reports of continuing issues persisted after that.<\/p>\n
\nCustomer transactions have fully recovered, we will continue to monitor activity. Advanced Trade API users may continue to see increased throttling while we experience increased trade volume. https:\/\/t.co\/dOWxljnSvX<\/a><\/p>\n
\u2014 Coinbase Support (@CoinbaseSupport) March 5, 2024<\/a><\/p>\n<\/blockquote>\n