Coinbase Outage Is A Reminder To Not Store Bitcoins on an Exchange or Online Wallet Platform
When it comes to embracing Bitcoin, regardless of whether you believe in the coin, the ideology, or the technology, there are always certain unwritten rules to keep in mind. First and foremost, the end user is in control of their funds at any given time, which also means they bear the full responsibility for what happens to their bitcoins. Storing them....
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An API outage at Bitcoin exchange Bitstamp is apparently causing a halt of some services at Coinbase, a service that allows its users to easily buy and sell Bitcoin without the need to sign up for an exchange. Coinbase acquires its bitcoins from exchanges like Bitstamp, and when they don't have Bitcoin to buy, you can almost bet they will not have Bitcoin to sell. No word yet on just when the Bitstamp API outage is to be cleared, but when it is, Coinbase purchasing is likely to resume shortly thereafter.
Starting today, anyone can store his/her bitcoins in a Coinbase Vault. Earlier in July, the popular Bitcoin exchange, wallet, and payments processor - Coinbase, announced Coinbase Vault, a free, optional service for safer long-term Bitcoin storage. The Vault wasn't immediately available to all users, and was instead gradually rolled out. General availability was targeted for July 16th, and although Coinbase seems to have missed their target by a few days, the Vault is now available to all users worldwide. Features. The general recommendation for Bitcoin wallets is to store a small....
Safe storage of Bitcoins has always been a point of contention in the Bitcoin industry, and with the number of thefts and attacks increasing rapidly, it seems only sensible to protect them via the best Bitcoin wallets. The top 5 Bitcoin wallets have been discussed below: 1. Blockchain.info. Site: https://blockchain.info/wallet. Blockchain wallet is hands-down one of the best wallets to store your Bitcoins in 2015. Blockchain does not have access to the user's private keys and also implements client-side AES encryption, which ensures protection from the server side. The company has a....
Coinbase posted an in-depth explanation of its Jan. 29 platform difficulties. On Jan. 29, a number of Coinbase users reported issues with the platform’s buy and sell functions. The Coinbase difficulties arose just a day after Robinhood barred GameStop share purchases following surging prices on the stock. A recent blog post indicates the Coinbase difficulties arose from an outage, not a ban on trading. “Between 4:25am and 9:31am PST on Friday, January 29, api.coinbase.com had an outage,” Coinbase said in a post on Feb. 5. “During this time, many users experienced errors while attempting to....
Coinbase has launched an app store, showcasing firms that have integrated with its wallet service. On the firm's API page, it explains that it allows submissions from applications conducting "all major bitcoin operations", that exchange bitcoin to local currency, send and request bitcoins via email or bitcoin address, and create bitcoin wallets. It also allows merchant apps, and apps that provide access to raw bitcoin network data. Microtransactions are permitted, too. Among the first apps to be included in the app store are OSX-based wallet Hive, and Gliph, a mobile app for making bitcoin....