1. #1
    mullmarco
    mullmarco's Avatar Become A Pro!
    Join Date: 05-26-17
    Posts: 6
    Betpoints: 24

    How fast is Coinbase?

    Hi guys! If I open an account and pick the instant verification, will I be able to buy bitcoins the same day with my bank account? or even after providing my bank's login and password will I have to wait a while? ..thanks in advance!

  2. #2
    SBR Ivy
    SBR Ivy's Avatar Become A Pro!
    Join Date: 07-21-14
    Posts: 944
    Betpoints: 218647

    Quote Originally Posted by mullmarco View Post
    Hi guys! If I open an account and pick the instant verification, will I be able to buy bitcoins the same day with my bank account? or even after providing my bank's login and password will I have to wait a while? ..thanks in advance!
    Hi mullmarco, yes but the bitcoins will not hit your Coinbase account for 5 working days.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: mullmarco

  3. #3
    mullmarco
    mullmarco's Avatar Become A Pro!
    Join Date: 05-26-17
    Posts: 6
    Betpoints: 24

    Wow! not very instant at all!! lol .... ok, i guess I will wait 5 days.

    Thanks so much for your help!

  4. #4
    DwightShrute
    I don't believe you ... please continue
    DwightShrute's Avatar Become A Pro!
    Join Date: 01-17-09
    Posts: 41,809
    Betpoints: 1507

    Quote Originally Posted by SBR Ivy View Post
    Hi mullmarco, yes but the bitcoins will not hit your Coinbase account for 5 working days.
    I noticed that coinbase has a credit card option that says it can make it immediate until the bank account gets approved? Is that true? In other words, if I open a coinbase account right noe, add my bank account info and wait for the verification for 5 days, will having the credit card allow me to deposit today? I assume yes because why else would they have that option? Can you clarify?

  5. #5
    SBR Ivy
    SBR Ivy's Avatar Become A Pro!
    Join Date: 07-21-14
    Posts: 944
    Betpoints: 218647

    Quote Originally Posted by DwightShrute View Post
    I noticed that coinbase has a credit card option that says it can make it immediate until the bank account gets approved? Is that true? In other words, if I open a coinbase account right noe, add my bank account info and wait for the verification for 5 days, will having the credit card allow me to deposit today? I assume yes because why else would they have that option? Can you clarify?
    Yes, card purchases reflect instantly, but are accompanied by larger fees and lower transaction limits.

  6. #6
    SBR Ivy
    SBR Ivy's Avatar Become A Pro!
    Join Date: 07-21-14
    Posts: 944
    Betpoints: 218647

    Quote Originally Posted by mullmarco View Post
    Wow! not very instant at all!! lol .... ok, i guess I will wait 5 days.

    Thanks so much for your help!
    Anytime sir.

  7. #7
    DwightShrute
    I don't believe you ... please continue
    DwightShrute's Avatar Become A Pro!
    Join Date: 01-17-09
    Posts: 41,809
    Betpoints: 1507

    Quote Originally Posted by SBR Ivy View Post
    Yes, card purchases reflect instantly, but are accompanied by larger fees and lower transaction limits.
    ya but until the 5 day waiting period is over, you can get something going in a few minutes if you have a debit card linked to your bank account.

  8. #8
    jose21_us
    The Miami Connection
    jose21_us's Avatar SBR PRO
    Join Date: 05-24-10
    Posts: 3,331
    Betpoints: 2265

    You lock in the price when you buy though but have to wait the 5 days...

    BTP
    Week 9
    3-2-0 176 pts

    SBR Bash
    Punta Cana
    Attendee 2/4/2017

    SBR Bash
    Punta Cana
    Attendee 1/31/2015


Top