|
Title: Newb questions about Coinbase.... Post by: Dafar on December 10, 2013, 05:07:43 AM 1. If I sell my BTCs on Coinbase how long will it take for the money to get back into my bank acct? Will I get the value of $/BTC at the exact time that I sell? Or can I expect any delays or transactions not going through. I'm not planning on selling but I want to be prepared. I hear a lot of complaints about the transaction delays and cancelations in the BTC exchanges which worries me.
2. Does Coinbase allow you to set automatic Buy/Sell orders for when BTC hits a certain price? If not, where can I do this? Please respond and you will have my blessing. Thanks Title: Re: Newb questions about Coinbase.... Post by: norman on December 11, 2013, 11:22:35 PM 1. If I sell my BTCs on Coinbase how long will it take for the money to get back into my bank acct? Will I get the value of $/BTC at the exact time that I sell? Or can I expect any delays or transactions not going through. I'm not planning on selling but I want to be prepared. I hear a lot of complaints about the transaction delays and cancelations in the BTC exchanges which worries me. 2. Does Coinbase allow you to set automatic Buy/Sell orders for when BTC hits a certain price? If not, where can I do this? Please respond and you will have my blessing. Thanks You will lock in the sell price and get that exact amount. The last time I sold on coinbase. (20 BTC back when it was in the 140 range - so sad) I had the cash in around 3 days, I think. It's not a trading platform, so you can't do complex orders. There is, however, an API. I haven't used it, but my understanding is that you could script buying and selling if you really wanted to wait for a specific price to buy/sell. |