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But to obtain BitCoin in the first place, you need to trust Coinbase with your account and routing number and possibly ID documents, wait a week for your BitCoi
by superuser2 13y ago
But to obtain BitCoin in the first place, you need to trust Coinbase with your account and routing number and possibly ID documents, wait a week for your BitCoin to become available, and then spend it.
To my knowledge there is no way for a first-time BitCoin user to make a purchase right away.
- zanny 13y agoCoinbase delays the disbursement to keep you from chargebacking. Same thing happens in Dwolla. If you send a money order over snail mail to an exchange, you can get your funds available same day (they receive it). It isn't anything bitcoin can change - it is moving money from a chargeback system to one without a way to reverse transactions. If they allowed chargebacking, they would be exploited and go bankrupt.
- deleted 13y ago[deleted]
- deleted 13y ago[deleted]
- alixr 13y agoTransactions in person and Bitcoin ATM's will be the bread-and-butter of exchanging fiat money for BTC as it gains widespread adaptation.
- jadeddrag 13y agoThe easiest way is to purchase bitcoin from a friend or coworker. Hand them cash, and they should be happy to show you how to download a wallet app, and send you some bitcoin.
- walden42 13y agoYou don't have to buy bitcoins with coinbase. They use coinbase to accept them, but the donator can get them from any method they choose, including coinbase, campbx.com, localbitcoins.com, friends, mining, etc.
- superuser2 13y agoBut none of those methods can happen on the checkout page. My mom already knows her credit card number; why is she going to put off her purchase until she can buy BitCoin somewhere else?