That makes sense, so I will have to be a level 2 member to buy a full Bitcoin all at once?

I kno somebody knows watsup

I recently verified my account with coinbase, the only thing left for me to do is refer a friend.... The reason I verified my account is because they said I will be able to buy and sell instantly if I did.

Now they are telling me that I can only buy up to .10 instantly and buying a full Bitcoin will take up to 4 days, why is this? Is it because I haven't referred a friend?

Who has setup instant buy with coinbase and how long did it take? Does it work as easy as they make it seem. Is it compatible with Wells Fargo?

Why would someone choose deposit verification over instant verification when setting up their account?

If I do the deposit verification (takes 2-3) days on Coinbase, will this make it so all my future transactions are instant instead of having to wait that 5 day period that I've seen other users talking about?

Also, if I do buy a bitcoin, say it is priced at 500 USD, but the transaction takes 5 days to go thru and by the time it goes through a single bitcoin is worth 700 USD, only 500 will be removed from my account, correct?

How is mt GOX in terms of fees ? Would you recommend using them?

Also, how do you all suggest i protect my wallet?

That's simple, thank you for the information.

I'm new to the Bitcoin market and I am wondering exactly how the buying and selling process works.

Say I want to buy 4 BTC and the current market price is 500 USD, do I jus click a few buttons and receive my 4 BTC or do I have to search for a buyer?

Inversely if I want to sell my BTC for a profit, say they are now worth 600 a piece, do I just click a few buttons and instantly receive 2400 (600USDx4BTC) or must I search for a seller?

I am a mt GOX user btw.