This Cryptocurrency Exchange Has Troubles With Entries: Are Funds Safe?

Cryptocurrency It was shared by the exchange officials that there were problems in logging into the exchange Coinbase.

Cryptocurrency Exchange Coinbase Reports Problem Detected

Coinbase, one of the world’s leading cryptocurrency exchanges, has reported login issues affecting its website and mobile app, as well as Coinbase Prime. The company acknowledged the problem by issuing a statement on March 14, 2023, at 16:30 Turkish time, and reassured its clients that their funds were safe.

The statement included the following:

“We are aware that some of our customers are having trouble signing in to Coinbase.com (web and mobile) and Coinbase Prime. Our teams are working to resolve this issue as soon as possible and funds in Coinbase accounts are safe. We’ll be back as soon as we get an update.”

At 4:56 p.m. Turkish time, Coinbase issued another statement stating that they have identified the issue and are working on a fix. The company followed up by stating that the correction was applied at 17:08 and they are monitoring the results.

As of now, it is unclear how many users are affected by the login issues. However, Coinbase assured its users that their funds are safe, and the company stated that it is working diligently to resolve the issue. Users are advised to follow Coinbase’s official website and social media channels for updates.

This latest event is a reminder that while cryptocurrencies are starting to gain general acceptance, they are still subject to technical issues and glitches. It is important for users to be vigilant and take the necessary precautions, such as securing their accounts with two-factor authentication and using strong passwords.

*Not investment advice.