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Title: Selling BTC on Coinbase. Experiences? Post by: cjspiller28 on April 16, 2013, 04:18:16 AM First off, I would note that I've actually sold 2 Bitcoins in the past through Coinbase at $138 each. I think the very next day they were worth $200+. At the time, I was pretty annoyed, but in retrospect, that was a good sell considering my buy-in and everything that happened after.
They say it takes up to ~5 days for the payment to go into my Linked Bank Account, and it actually showed up a couple days early, which is no surprise considering what was going on at the time. Anyway, last week I sold 3 Bitcoins on two separate occasions. First time was around $85 ea. Second time at $115 ea. Supposedly one transaction will be finalized tomorrow and the other by Wednesday. But considering how much Bitcoins have dropped in value since that time, I've grown a bit worried that somehow they will find a reason to "cancel" my sale and that is not out of paranoia, but rather, the fact that I've seen a few threads on this forum about that sort of thing on Coinbase. So my question is: Does anyone have experience selling on Coinbase at a greater price than it becomes a few days later and did Coinbase still pay you for the original transaction value? There is no way I will accept the infamous "high risk" explanation since I HAVE history of selling Bitcoins through Coinbase, but it was more in their favor at the time. |