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Author Topic: Buying bitcoin on Coinbase- 10 days transaction time  (Read 279 times)
Noobitropical
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July 31, 2017, 04:24:29 AM
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With August 1 almost upon us, is it ok to buy bitcoins from Coinbase? The reason I ask is that they have a 10 day transaction turnaround and want to be sure with the potential split that my $ won't get lost in the shuffle. Plan on transferring it to a non-custodial wallet once it arrives. Ok idea or is there a better way to buy BTC before Aug. 1? New at this so any help would be much appreciated. Thanks
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Sithara007
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July 31, 2017, 04:30:38 AM
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IMO, it will be better to purchase your coins before August 1. If you are purchasing after that date, then you are forfeiting your right to claim the BCC tokens. And there is no need to distrust Coinbase. They have been around for so long, and I don't think that they will ever run away with your money.

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July 31, 2017, 04:50:12 AM
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Should I be concerned about buying them today but not having the transaction completed until August 8 due to their lag in processing the order? Thanks.
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July 31, 2017, 06:14:36 AM
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You should definitely be concerned about the wait time. Coinbase are ok but I'm guessing they will not give you Bitcoin Cash if it's after Aug 1.
I'd advise you to use localbitcoin to find someone who will sell you BTC today

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July 31, 2017, 06:26:15 AM
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I think coinbase is having some issues recently with withdrawls taking ages, I am sure I saw an email from them saying the would not support BCC. Maybe there is somewhere else you could make your purchase if you want BCC as well.

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