CoinPulse Informs Users Its Exchange Will Be Under “Indefinite Maintenance,” Effective This Week
CoinPulse Exchange Shuts Down “Indefinitely”
The cryptocurrency market has been incredibly damaging to many platforms in the industry, which has led many platforms to bid farewell and shut down their operations. Many are still trying to make ends meet to survive the crypto winter, but even the most persistent platforms can fall, as if the case with CoinPulse, who released a Medium blog today to explain.
🚨Urgent Notice for CoinPulse Users! 🚨
Exchange headed for indefinite maintenance. We will have to suspend all trading and deposits from Feb 1, 2019. We will keep withdrawals open until Feb 7, 2019. Please read the article below for details. 👇👇https://t.co/ORNfpoJZTP
— CoinPulse Exchange (@CoinPulseEx) January 31, 2019
The company started the blog off with the efforts they have made, saying that they have been trying to work alongside an investor that would’ve helped their brand continue operation. Unfortunately, it notes, “This has been taking longer than we thought.” At this point, there will be no more deposits or trading performed from February 1st, going forward. However, they have given consumers extra time to withdraw their funds, which will be available until February 7th.
Over the course of the next week, CoinPulse advises users to move all funds out of their wallets with the platform to one that is separate, ensuring that they will not have their access revoked during maintenance. The blog includes information on the correct way to withdraw, which needs to begin with BTC, then ETH, before withdrawing anything else.
In the event that a user runs into an error saying that they have an insufficient balance, the user needs to “reduce the 8th digit by 1.
”The company further advises, “[D]on’t forget to confirm withdraw from your email. You should be logged in your email account from the same browser.”
The company will notify users when the maintenance concludes. In the meantime, CoinPulse states:
“We are also inviting offers from any investors interested to acquire CoinPulse (which includes the exchange, website, its trademark and roughly 50M CPEX dev/unused tokens). Interested Investors can send their offers to [email protected]”
This is now the second exchange that has announced its closure within hours of each other.