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Author Topic: Coinbase. Getting money from bank to Coinbase  (Read 112 times)
Emorris348 (OP)
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January 07, 2018, 09:05:21 PM
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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a email confirming I did it and said I would have the funds in my Coinbase account on the 12th, oh and the funds WERE withdrawn from my account, is this normal, over a week's time?Huh thanks for any input
Bloomie
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January 07, 2018, 09:10:44 PM
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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.
btcwish1
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January 07, 2018, 10:03:05 PM
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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a email confirming I did it and said I would have the funds in my Coinbase account on the 12th, oh and the funds WERE withdrawn from my account, is this normal, over a week's time?Huh thanks for any input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.
Emorris348 (OP)
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January 07, 2018, 10:31:30 PM
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Thanks, not really worried, just anxious to start trading Smiley
blockchainak
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January 07, 2018, 10:52:11 PM
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Thanks, not really worried, just anxious to start trading Smiley

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.
A.Delaney
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January 07, 2018, 10:59:08 PM
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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.
Bloomie
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January 07, 2018, 11:27:04 PM
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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.
chickpeas
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January 08, 2018, 12:37:04 AM
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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 ?

A.Delaney
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January 08, 2018, 02:13:24 AM
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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
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Bloomie
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January 08, 2018, 02:16:10 AM
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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.
CryptoNews1
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January 08, 2018, 04:26:03 AM
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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.
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