I bought one btc Nov 9th for $307. When I tried to buy another, I was told that my first purchase had to be
completed before buying any more. After several days my first btc purchase was still "pending" and I was informed that my initial buy would be
cleared on Nov 18th! Finally my btc showed up in my account but now I see that Coinbase is requiring a 30 day wait
before I can buy more bitcoins! Apparently this exchange does not want my business. I'm done with Coinbase's Coin of the Month Club.
It's all about fraud and risk profiles, especially when doing business in the US with a bank that wants to know everything about that money you just sent there. Coinbase's host bank will drop as soon as they have any legit claims of failed consumer protections, something bitcoin is not setup to provide.