[gdeglin]

My experience with Coinbase has been amazing. I tried to buy Bitcoins around a year ago and it seemed nearly impossible to do with USD.

Here's how buying them through Coinbase went...

  1. Signed up and linked my bank account
  2. Bought bitcoins the same day (at their price on that day)
  3. 5 days later they were available for me to use

I've bought more coins 3 additional times. Each time they were available in under 5 days and everything went smoothly.

Admittedly, these were smaller purchases. I'm not quite ready to start buying bitcoins by the hundreds.

[morsch]

How is it amazing when you had to wait multiple days for them to available? That seems completely backwards to me. Why aren't they available immediately once the block is confirmed, ie. within less than half an hour?

[dangrossman]

Fraud. If the transaction is too fast for new users, there's no time to identify and stop fraud before the money's left their control. Once you have the BC and can transfer it out, if you used stolen funds to pay for it, CoinBase loses twice the value transferred.