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For me it started with:
1. First failure: You haven't logged in and verified recently (so I logged out and logged back in, using secondary auth to verify again... despite never having had to jump through these hoops before). This went away after logging out, rebooting and logging back in (with secondary auth)
2. Second failure: No response from Steam servers, please try again. Went on for two days, rebooted each day, didn't go away until today. There's nothing wrong with my internet. Run various tests, all games work, etc. Had to be a steam server error.
3. Third failure: You have tried too many purchases without confirmation. Please wait a few minutes and try again. This is currently all I get.
But I hadn't purchased anything since August and now for the last few days it simply won't let me. I approve the confirmations on my phone, but the transactions don't go through. The confirmations don't even tell me what the transactions are (and they used to). So I can only assume the entire confirmation system is currently broken.
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Anyway, mouse over the stop ! symbol and you should at least find out what steam thinks is wrong.
,,Thank you for writing in about this.
Item servers are under heavy load, which may affect the following:
- Viewing Inventories on the web.
- Buying, listing, or viewing items on the Community Market.
- Trading items.
If you have recently listed an item on the Community Market and it is not visible in your Active Listings please remain patient; this will resolve itself once the servers catch up. Unfortunately, we have no way of resolving item delays at Steam Support and we can only recommend you wait and try again later.''
well....guess we need to wait?
Problem is I try and it still not working :( Same problem on PC and mobile