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by coinbase-craig 4565 days ago
This is the speed of ACH bank transfers. There is nothing we can do it about it. It's part of the reason bitcoin is important.
1 comments
jessaustin 4564 days ago
Sure, but why can't I transfer money to you, receive confirmation that the transfer has completed, wait some reasonable amount of time (no more than a month maybe?) and then convert to BTC at the exact moment I prefer? Then I would feel like an investor, rather than a chump.

EDIT: actually it would be nice if you responded to some of the many seemingly-reasonable customer complaints on this page.

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kolev 4564 days ago
They on purpose don't allow balances in USD as maybe then they will be considered a bank. Once you go thru their verification process, you get buy instantly up to 10 BTC/week without waiting (although sometimes they turn this feature off for whatever reason). Also, you don't need to wait a whole week - you get hourly increases of the 10 BTC quota, which is nice... when it works.
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jessaustin 4563 days ago
They on purpose don't allow balances in USD as maybe then they will be considered a bank.

It seems e.g. PayPal, Amazon, Coinstar, and Bitstamp have negotiated this particular obstacle somehow.

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kolev 4563 days ago
Yeah, I found several arguments against my own statement - even in the Bitcoin context such as CampBX.
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