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Dogecoin surge sends WazirX servers panting for help – users report failed transactions, delays in orders
Rounak JainMay 6, 2021, 11:33 IST
WazirX users are reporting transaction failures and delays in depositsWazirX
Dogecoin has seen a 10-time increase in its prices over the last one month.
This has caused a massive surge in traffic on
WazirX, one of the largest cryptocurrency exchanges in India, resulting in transaction failures and delays in orders.
While the company says the issue has been fixed, users continue to report issues.The Dogecoin frenzy has left one of India’s largest cryptocurrency exchanges panting for breath, with its users posting on social media about transaction delays, payment failures and their money getting stuck.
(Image: WazirX)
Cryptocurrencies are once again on a steep rise with Dogecoin on the forefront. You can click here to know more about Dogecoin. More and more Indians are also getting a lot more interested in cryptocurrencies and are investing in virtual currencies. The purchase and sale of cryptocurrencies can either be done in-person peer to peer or via trading platforms. Also Read - Dogecoin explained: What is it, how to buy in India
WazirX is one such trading platform where you can purchase and sell various cryptocurrencies including Bitcoin, Ethereum, Dogecoin and more. The platform amidst the Dogecoin rally has faced a server breach, which has compromised the security of its users. Here we will take a look at what happened and how you can transfer your money safely back from WazirX to your bank account. Also Read - Indians could soon be penalised for holding Bitcoin, says new report