Ok, today, as a beginner, I finally figured out how to navigate the market exchange on binance.us. I started scalp trading, and I made 72 bucks in 30 minutes!
...but then the craziest thing happened...
the market exchange on binance.us just froze up. I then tried to use the exchange via my binance.us app on my phone and it's froze on my phone too!
on my pc, I have a bar icon that when I hover my mouse over it, it says: connecting.
I've never seen this type of malfuction before. There's nothing wrong with my internet. What does this mean? Should I be worried? I can't scalp under these conditions! hahaha
...but then the craziest thing happened...
the market exchange on binance.us just froze up. I then tried to use the exchange via my binance.us app on my phone and it's froze on my phone too!
on my pc, I have a bar icon that when I hover my mouse over it, it says: connecting.
I've never seen this type of malfuction before. There's nothing wrong with my internet. What does this mean? Should I be worried? I can't scalp under these conditions! hahaha
You check the the binance twitter to find about the latest development on the issues at binance. I think you are referring to this outage which happened yesterday.
This ain't good when you are trading huge volumes of money from your pocket man.
In similar ways the WazirX get frozen many times but this is not good for the users. Whenever this happens you don't see the real time prices and your app do not synch up with the real time price from the server and thus you may loose lot of money if at the background the prices has gone up and down crazy.
Binance on the other hand grabbing billions of dollars in fees and they should increase their bandwith crazy high to tackle such problems.
This could be cause for major loss for someone with big trades on the line. It would cost nothing to exchanger since they still get their money no matter what.
