3 ms·
Coinbase Halts Sales
Coinbase halts sales for a week. This is the message:
Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.
Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Monday Nov 18, 2013 at 09:00PM PST.
Note that you can cancel your order at any time up until your bitcoin arrive from the transfer history page.
The market price of bitcoin changes frequently. Below are some recent prices to give you an idea. These do not guarantee what the price will be in a few days.
- kolev 13y agoI think they've lost a bundle today following Bitstamp's generally lower and super volatile rates. It surprising how little volume can greatly affect the entire market!
- letney 13y agoThey charge 1% on every buy & sell -- so I don't think they're losing money.
- kolev 13y agoYes, but Bitstamp is very dynamic. I guess they just maintain balances with Bitstamp now and their USD balance went down close to $0, but maybe later they or their customers sold coins, which restored the USD balance. With this volatility, I've seen jumps of 5% up and down in seconds.
- kolev 13y agoPurchases have been resumed.