|
Title: Coinbase. Getting money from bank to Coinbase Post by: Emorris348 on January 07, 2018, 09:05:21 PM I am just now getting ready to buy bitcoin and set up a Coinable account, attached a checking account with some funds in it and sent 500.00 to Coinbase, that was on Jan 4th, I got a email confirming I did it and said I would have the funds in my Coinbase account on the 12th, oh and the funds WERE withdrawn from my account, is this normal, over a week's time?Huh thanks for any input
Title: Re: Coinbase. Getting money from bank to Coinbase Post by: Bloomie on January 07, 2018, 09:10:44 PM Yes, direct from the bank transferring into Coinbase does take about a week. If you do a credit card buy it'll be much quicker.
Title: Re: Coinbase. Getting money from bank to Coinbase Post by: btcwish1 on January 07, 2018, 10:03:05 PM I am just now getting ready to buy bitcoin and set up a Coinable account, attached a checking account with some funds in it and sent 500.00 to Coinbase, that was on Jan 4th, I got a email confirming I did it and said I would have the funds in my Coinbase account on the 12th, oh and the funds WERE withdrawn from my account, is this normal, over a week's time?Huh thanks for any input Yes it can take a week or so. if you copied the correct reference number in your transfer process then there is nothing to worry. it will eventually be transferred. Title: Re: Coinbase. Getting money from bank to Coinbase Post by: Emorris348 on January 07, 2018, 10:31:30 PM Thanks, not really worried, just anxious to start trading :)
Title: Re: Coinbase. Getting money from bank to Coinbase Post by: blockchainak on January 07, 2018, 10:52:11 PM Thanks, not really worried, just anxious to start trading :) Just as a note, don't buy BTC unless you're buying more than 300 USD. My advice would be (if you're new to this), get LTC or ETH - it's faster and has substantially less fees. Title: Re: Coinbase. Getting money from bank to Coinbase Post by: A.Delaney on January 07, 2018, 10:59:08 PM ACH transfer takes forever. At least a week or could be a few days longer. I don’t see why. It only takes 3 days on other sites I belong too. Not crypto related. Maybe that’s why. Anyway nothing to worry about. I am currently waiting for a money to transfer also.
Credit card has a $100.00 per week limit but yes it’s instant. Title: Re: Coinbase. Getting money from bank to Coinbase Post by: Bloomie on January 07, 2018, 11:27:04 PM The only reason I would do a bank transfer rather than credit card is the limits. My bank allows me up to $10k per week whereas it was lower on credit card. If you intend to hold BTC for a while then bank transfer is fine. You will be locked in at the price you purchase it at even if it takes a week for you to get the BTC. Just be on the lookout for when it actually transfers to your account so you can put it in a hard wallet.
Title: Re: Coinbase. Getting money from bank to Coinbase Post by: chickpeas on January 08, 2018, 12:37:04 AM The only reason I would do a bank transfer rather than credit card is the limits. My bank allows me up to $10k per week whereas it was lower on credit card. If you intend to hold BTC for a while then bank transfer is fine. You will be locked in at the price you purchase it at even if it takes a week for you to get the BTC. Just be on the lookout for when it actually transfers to your account so you can put it in a hard wallet. What is hard wallet ? Title: Re: Coinbase. Getting money from bank to Coinbase Post by: A.Delaney on January 08, 2018, 02:13:24 AM The only reason I would do a bank transfer rather than credit card is the limits. My bank allows me up to $10k per week whereas it was lower on credit card. If you intend to hold BTC for a while then bank transfer is fine. You will be locked in at the price you purchase it at even if it takes a week for you to get the BTC. Just be on the lookout for when it actually transfers to your account so you can put it in a hard wallet. What is hard wallet ? Hardware Wallet. An external electronic wallet you can put in your pocket. One of the most secure ways to store your crypto. You store them offline. Trezor Ledger Nano Title: Re: Coinbase. Getting money from bank to Coinbase Post by: Bloomie on January 08, 2018, 02:16:10 AM The only reason I would do a bank transfer rather than credit card is the limits. My bank allows me up to $10k per week whereas it was lower on credit card. If you intend to hold BTC for a while then bank transfer is fine. You will be locked in at the price you purchase it at even if it takes a week for you to get the BTC. Just be on the lookout for when it actually transfers to your account so you can put it in a hard wallet. What is hard wallet ? As the other guy above me said, it's a hardware wallet and the safest way to store the Bitcoin. I personally use the Ledger Nano S. It works really well. You should do a little research on this on your own before moving any BTC into a wallet. Watch some youtube videos, plenty of guides and walkthroughs on it. Title: Re: Coinbase. Getting money from bank to Coinbase Post by: CryptoNews1 on January 08, 2018, 04:26:03 AM I prefer Ledger Nano S as well.
Anyway to your original questions, yes it takes some time and one week is normal before you get your funds to Coinbase. |