Just a Quick Question:
Does coinbase have a big volume trade? tried to search and couldn't find their actual trading volume per 24hr
Coinbase is not an exchange, so it doesnt matter about their trade volume. Once you buy, that price you bought at is locked in regardless of rise or fall.
Coinbase will let you link with a bank accout for Bitcoin purchase. They have many options to allow you to increase your daily/weekly purchase through them. Bank deposits of course can take up to 4 days with it really being about 5 days on average. You can link your Visa and get instant purchase straig to your wallet (which they provide). The security is great, you can set it to need a sms code on every withdraw. All that you stated above can be acheicved by just sending what you purchased to which ever avenue you wish to achieve. Coinbase will allow you to send you bitcoin into your bank account, but once again the price you sell is locked in, so if it goes up 200 over night, you are out of luck.
Yeah I figured that out, I finally signed up with them and bought some, and yes if I sell the money goes straight to my bank account, doesn't stay as USA credit on their website.
They don't have a trade exchange platform, but you can buy wait few days and then move BitCoin to somewhere else.
Just a Quick Question:
Does coinbase have a big volume trade? tried to search and couldn't find their actual trading volume per 24hr
Coinbase is not an exchange, so it doesnt matter about their trade volume. Once you buy, that price you bought at is locked in regardless of rise or fall.
What do you mean by "Coinbase is not an exchange"?
No they aren't.
What do you mean by "Coinbase is not an exchange"?
Its an exchange in the sense that you exchange money for bitcoins and vise versa. But with that said, no where near how other well known exchanges work. Your price is locked in based on other exchange prices.
Quote from the support site
We integrate with a variety of exchanges and also hold our own reserves. When you sell your bitcoins for USD we usually sell them to other Coinbase users at some point down the line (this is where our reserves come from), but we may cash them out if needed. In general, our goal is to abstract away some of the complexity so it's a simpler process for our users. What we have now is a good start but not finished by any means. Hope it helps!
+1, this is absolutely correct.
