Bitcoin Forum

just wondering if there is anyone who is using coinsbank. how long did it take you to........

A) open an account
B) send the funds
C) have the funds reach coinsbank
D) coinsbank verify the funds
E) have the funds available to use???
 These people (or person because it feels like i always get connected to the same person) are telling me it could take days or weeks
to have funds in my account. its 2016 why does this take so long??

looking at the site and right at the bottom is an address in scotland.
http://www.companieshousedata.co.uk/c/SL021888
which has over 1000 businesses registered to that address
http://www.companieshousedata.co.uk/a/300

seems they are registered at a dropbox(pobox/mail redirection service)
their belize address (1 orchid garden) also a po box/drop box
red flag!!

part of getting approval by government licences and stuff is not to have a drop box. but a real office address.
red flag!!

looking at the fincen MSB number.. thats not saying its licenced. its just showing they applied(initial registration).
red flag!!

also looking at previous posts of people talking about them and them talking about themself. i see more red flags

it could be that they are new and unprofessional and just making mistakes.. but for me i see too many red flags to 'trust' them

might be worth you looking into xbit (parent company) and getting more info
https://coinsbank.com/images/license/belize.jpg
https://coinsbank.com/images/license/msb.jpg

in short if you cannot find enough info to locate the real offices of a CEO of a company to throw a wet fish/court order at them.. dont throw money at them

I think that person is talking about time to get confirmation on your bitcoin deposit, if you don't include enough fees yes it will take days to get your bitcoin deposited because it need to get confirmed before it is shown in account balance. I haven't used coinsbank till now.

If you like to learn more about coinsbank and get any problem you can ask their support here https://bitcointalk.org/index.php?topic=1426875.0

Unfortunately it is how it goes if you want to deal with the banking system. Blame the banking system to be so damn slow and expensive while being centralized, and don't blame bitcoin. There is nothing we can do about this as soon as the banking system exists so you must deal with it.

i havent bought bitcoin yet...i sent coinsbank money to put in my account so that i can buy bitcoin...
when you sent coinsbank your money, how long did it take for the funds to be available in your account?

I'm using CoinsBank for sometime now , I'm not sure exactly of the time till the funds gets added as I have SMS notification activated but usually , It takes some minutes until I receive the notification so I'm assuming It should be either instant or until It gets a few confirmation in the blockchain. It shouldn't take more then one hour in worst cases unless you didn't pay enough fees.