Post
Topic
Board Service Discussion
Re: So I Just Created My New Bitinstant Account...
by
Ascension
on 12/07/2013, 18:37:48 UTC
Reheheallyyy? That is quick.

And the Bitcoin deliveries themselves are on that same pace I presume?

As for the coinbase bullshit I was referring to...What I said was a misnomer, the coinbase SITUATION is simply not "Bitcoin". Bitcoin is a highly speculative commodity ruled by fickleness. Buying with coinbase presents an obstacle to overcome as it's hard to sometimes predict how a market will act in a week and after the first few minutes you can't rescind a payment. I find their business model slightly advantageous if one is buying buying bulk for long term, due to coinbase's convenient pricing. But as for the rest of us that need BTC...well quick, it doesn't offer the same benefit.

Bitcoins are delivered as soon as we receive payment confirmation. Typically that is 5-15minutes as well but sometimes a bank will flag the transaction and you have to call them and authorize it.