Post
Topic
Board Beginners & Help
Re: Stay away from Coinbase
by
freakyone
on 05/12/2013, 01:20:54 UTC
How fast is coinbase to withdraw BTC into USD to my bank account?

I sold on Tuesday night last week and they claimed I'd get them in 2 business days (which due to Thanksgiving would be Wednesday and Friday of that week).  They even claimed a date of Dec. 2nd and a time.

I ended up seeing the money appear in the bank on Dec 3rd in the morning.  They claimed the slow down was partially due to my bank's own processing of the transfer (can't confirm or deny this) which may have been made worse by the holiday week.

For me it takes 4 business days for it to post to my account. 2 for transfer from coinbase to officially show up at the bank and 2 for the 48 hour hold my bank places on electronic deposits. So far, I have not had any problems with them, though it makes me a little concerned to read what others have gone through.