{"id":418812,"date":"2024-05-14T10:21:26","date_gmt":"2024-05-14T09:21:26","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=418812"},"modified":"2024-05-14T10:21:26","modified_gmt":"2024-05-14T09:21:26","slug":"coinbase-users-report-withdrawal-issues-despite-official-resolved-status","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/coinbase-users-report-withdrawal-issues-despite-official-resolved-status\/","title":{"rendered":"Coinbase users report withdrawal issues despite official ‘resolved’ status"},"content":{"rendered":"

Coinbase<\/a> said it resumed operations after a system-wide outage that impacted its website, mobile, and API\u00a0for over three hours.<\/p>\n

However, several customers of the crypto trading platform on social media claimed this was false<\/a> as they could still not withdraw their funds.<\/p>\n

One X user, Nigel Dias, revealed<\/a> that he attempted to send his crypto but was met with a prompt that read, ” Sending to this recipient is temporarily disabled.”<\/p>\n

Coinbase outage<\/h2>\n

According to the status page<\/a>, the incident began around 4:19 am UTC and was resolved by 07:42 am UTC.<\/p>\n

During the incident, the crypto trading platform stated that its users experienced failures in sending crypto or withdrawing fiat, marking the service as degraded. It added:<\/p>\n

“[Some] customers may still be encountering connectivity problems and we appreciate your patience while we work to correct this. We're still monitoring this closely.”<\/p><\/blockquote>\n

Meanwhile, Coinbase<\/span> has yet to disclose the reasons for this outage or any compensation plan for users impacted by its issues.<\/span><\/p>\n

The recent outage marks another in a series of disruptions<\/a> experienced by the exchange in recent months. According to its status page, the platform has logged 14 incidents this month alone, in addition\u00a0to the 29 incidents in April and 36 in March.<\/p>\n

Bitcoin price reacts<\/h2>\n

Coinbase's outage issue appears to have aligned with Bitcoin's<\/a> price dropping to as low as $61,400 from $62,660.<\/p>\n

However, the flagship digital asset price has slightly recovered to $61,780 as of press time.<\/p>\n

Coinglass data<\/a> showed that the price action resulted in the liquidation of approximately $50 million during the past four hours, with most losses coming from long traders.<\/p>\n

This price performance continued the current bearish sentiments pervading the market<\/a>, which has seen BTC's price drop by approximately 3% over the past seven days, according to CryptoSlate's<\/em> data.<\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase said it resumed operations after a system-wide outage that impacted its website, mobile, and API\u00a0for over three hours. However, several customers of the crypto trading platform on social media claimed this was false as they could still not withdraw their funds. One X user, Nigel Dias, revealed that he attempted to send his crypto […]<\/p>\n","protected":false},"author":720,"featured_media":418817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,77968],"tags":[76769,76714],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nCoinbase users report withdrawal issues despite official 'resolved' status<\/title>\n<meta name=\"description\" content=\"Crypto exchange Coinbase outage persists despite claims of resolution, users unable to withdraw funds.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/coinbase-users-report-withdrawal-issues-despite-official-resolved-status\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase users report withdrawal issues despite official 'resolved' status\" \/>\n<meta property=\"og:description\" content=\"Crypto exchange Coinbase outage persists despite claims of resolution, users unable to withdraw funds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/coinbase-users-report-withdrawal-issues-despite-official-resolved-status\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-14T09:21:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/coinbase-outage.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/coinbase-users-report-withdrawal-issues-despite-official-resolved-status\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/coinbase-users-report-withdrawal-issues-despite-official-resolved-status\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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