Bitcoin is surging, Bitcoin is falling, DEFI is doing its impression of a YoYo...
Oh yes and as always, Coinbase cannot handle the traffic and falls over.
Many of us are not whales, we have our crypto stashed, hodled, and wait to ride out the waves of price changes. However, this does not mean people still want to pay the crazy Eth Gas Fees, or try and predict the top to sell and bottom to buy. That is except if you are from Coinbase, where they prefer to fall over and deny you the ability to make those trades!
Even today, nothing major going on, a new Coinbase Earn for $3 pops up - Numeraire.
We all love a bit of free crypto, so we watch the slide show, we answer the questions, and some nice new Eth Tokens appear in our wallet. Except, this is not the case for today. Today, Coinbase throws more errors, and cannot deliver the crypto. Even their own systems fall over, in periods of minimal trade.
This is the ever frustrating state of play with Coinbase. Nothing ever quite goes to plan - yet they have a record year in profits:
"According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from $483 million the previous year."
It seems they succeed provide below par products, below par support, and money for just falling over.
What can we do... We are all suckers for free crypto, but when is enough, enough?
Well, lets see how many weeks it takes them to respond to this ticket!!! My bet is on 3-4 weeks.