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If I buy bitcoins now but it takes 10 days to be approved/settle, what price will I be locked into?
by reaclmbs 14y ago
If I buy bitcoins now but it takes 10 days to be approved/settle, what price will I be locked into?
- ok_craig 14y agoIf you purchase at $30/bitcoin, and by the time the bank transaction goes through the price has risen to $32/bitcoin, you still get them for $30. Similarly, if the price drops to $28, you still pay $30/bitcoin. So you're locked in at the exchange rate at the time you place the order.