Crucial Maintenance Ensures Seamless User Experience

Frequently Asked Questions (FAQs)Q1: What exactly is happening with Coinbase on August 2nd？

A1: Coinbase will be performing a scheduled system upgrade starting at 7:00 a.m. PT on August 2nd. This maintenance is expected to last approximately four hours and will temporarily affect various services.

Q2: Which Coinbase services will be unavailable during the upgrade？

A2: During the 4-hour upgrade window, services such as trading (buying, selling, converting), transfers (deposits and withdrawals), ETH staking, Coinbase Card use, and loan services will be temporarily unavailable or delayed.

Q3: Why is this system maintenance necessary？

A3: Regular system maintenance is crucial for enhancing platform security, improving performance, optimizing transaction speeds, and enabling the introduction of new features. It ensures the platform remains stable, reliable, and capable of handling increasing user demand.

Q4: What should I do to prepare for the Coinbase upgrade？

A4: It is recommended to complete any urgent trades or transfers before August 2nd at 7:00 a.m. PT. You should also monitor Coinbases official channels for updates and consider having an alternative payment method if you rely on the Coinbase Card for essential purchases during the downtime.

Q5: Will my funds be safe during the upgrade？

A5: Yes, your funds remain secure during the system upgrade. The maintenance affects service availability, not the security of your assets. Coinbase prioritizes the safety of user funds through robust security measures.

Q6: How will I know when the upgrade is complete？

A6: Coinbase will provide updates on its official X account and its status page. It is advisable to check these channels for the latest information regarding the completion of the upgrade and the resumption of full services.