Quote from: kahc on November 18, 2017, 12:26:49 PM

Quote from: grampajack on November 18, 2017, 11:14:54 AM

Quote from: kahc on November 18, 2017, 11:13:24 AM

Quote from: grampajack on November 18, 2017, 07:55:14 AM

So I finally got my bank account verified on Coinbase and bought my first bitcoin, and now it's telling me that it will take 10 days for the transaction to go through. Why so long, and is there a faster method?

Damn 10 days? Which country are you sending from?
I use bank transfer(SEPA) on Coinbase, usually takes 2 days.
Kraken is the fastest for me, takes 1 day with SEPA, but their platform and services have been buggy and slow as shit the past months.

For lower amount it is recommend to use credit/debit card, otherwise your bank will eat up a big chunk of your transaction.

One more thing, don't make the same stupid mistake as I did the first time I used bank transfer.
Make sure to share the transfer charges/fees between sender and receiver when using bank transfer.

I'm in the USA.

I think I figured it out why it may take upto 10 days.
The ACH bank transfer system typically takes 3-5 business days.
Saturdays, Sundays and Federal holidays are not business days.
So if you placed the order yesterday/today, it will be processed Monday, and then we have Thanksgiving 23.11.2017, so you were just unlucky with the timing.

Makes perfect sense. Thanks.

grampajack

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