Coinbase Adds Bitcoin Cash, then Crashes

Spread the love

 

On Tuesday night (Dec. 19th), the popular cryptocurrency exchange, Coinbase, briefly crashed. This was due to Coinbase adding support for Bitcoin Cash (BCH), thus allowing users to buy, sell, send, and receive the cryptocurrency.

While many in the crypto space have conflicting opinions about Bitcoin Cash, its addition onto Coinbase nevertheless created a lot of commotion. So much, in fact, that it caused the site to crash due to the high volume of transactions taking place all at once. This crashed GDAX as well, which is owned by the same company as Coinbase. Bitcoin Cash surpassed $8,500 on Coinbase, before coming back down to the $3,000s. There are questions, however, as to whether or not the $8,500 price was accurate; since the price stayed in the $3,000s on other exchanges. The buying and selling of Bitcoin Cash on Coinbase has temporarily been disabled, though it is available on other exchanges such as Binance.

It’s important to note that Bitcoin Cash (BCH) is NOT Bitcoin (BTC). Bitcoin Cash is the result of the August 1, 2017 Bitcoin fork, which means the original software of Bitcoin was modified, resulting in two separate versions of the blockchain. The original Bitcoin actually dropped nearly 25% today as Bitcoin Cash shot up.

coinbase crash
Error Page due to Bitcoin Cash Coinbase. Source: Coinbase.com

If you would like to open your own Coinbase account to start buying and selling cryptocurrencies, feel free to use my referral link. If you sign up using my referral and buy or sell $100 of digital currency, Coinbase will give us both $10 of free Bitcoin.

Referral Link- https://www.coinbase.com/join/5a2b86ffa89b85016306e948

If you’d rather sign up through a friend’s link or without any referrals, feel free to do so as well!

2 thoughts on “Coinbase Adds Bitcoin Cash, then Crashes

  • October 29, 2018 at 7:02 am
    Permalink

    I do not agree tha BlockChain is safe. No! It is not! See in the blog. It is easy for them to blame you when you are kacked as if you were reckless and naive dealing with technology issues. I am not! I have a Linux virtual machine, 2FA ativated, Local proxy and my account at BlockChain was hacked. The same day I got some funds from an investment. And what is weird: at the time the amount was subtracted, October 16th around 02 pm I was sitting at mey Desktop at work. And neither local proxy nor corporative one ever recordeded a single bit of access to BlockChain ath that time.

    Reply
  • January 16, 2019 at 11:06 am
    Permalink

    “First, I am a complete newbie here and i’m trying to buy a digital product. I am really open to more tips.
    So, I am about to sign up to buy bitcoin from ;localbitcoin’, and they are asking for my email address. Is it ok to use my sigaint.org email address for privacy purpose? I’m taking your advise not to link my real life info, but I have to buy the bitcoin through paypal, which has my real life info. I’m confused! Please help! Thanks for your time.”

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *