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I hate to be that guy, but Coinbase is pretty clear that you'll get your coins _eventually_. If I were doing thousands in transfers, I'd absolutely be using an

by nathas 13y ago

I hate to be that guy, but Coinbase is pretty clear that you'll get your coins _eventually_. If I were doing thousands in transfers, I'd absolutely be using an exchange. They're also a small start up, funding or not. Their support team has always come through and usually eats the cost difference if it was a bump on their end. I'd just wait it out.

PeterisP 13y ago
Getting your funds 'eventually' is not reasonable nor acceptable for financial deals. A stock/foreign currency/whatever to-be-settled on 16th december is one item, the same stock to-be-settled on 17th december is a completely different item - it certainly has a different price, and there are a bunch of valid finance situations when you don't need the purchase at all if it's delayed; you just need the money back + compensation for the breach of agreement. There's a term for when a financial institution is unable to settle deals on the agreed day and needs to postpone - it's called insolvency. Such repeated situations are quite valid reasons to require them to cease operating and liquidate all assets in order to pay out their debts.
d23 13y ago
Can you explain the difference between Coinbase and an exchange? I'm afraid now that an order I put in could be futzed up.
- nathas 13y ago
  Sure. Coinbase, as far as I know, sources its coins from the exchanges (Mt Gox, Bitstamp, btc-e, etc). I could be wrong about this. Coinbase acts as a nice middleman where you can securely link your bank account, and for this convenience Coinbase charges you a higher fee than the exchanges. They procure your coins, handle the financial leg work, and suddenly you have access to bitcoins. I wouldn't worry about it. I've used both quite a bit. It was a huge pain in the ass to gain access to Mt Gox. Coinbase is just better imo. The support team always comes through for any problems.
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by nathas 13y ago

PeterisP 13y ago

Getting your funds 'eventually' is not reasonable nor acceptable for financial deals. A stock/foreign currency/whatever to-be-settled on 16th december is one item, the same stock to-be-settled on 17th december is a completely different item - it certainly has a different price, and there are a bunch of valid finance situations when you don't need the purchase at all if it's delayed; you just need the money back + compensation for the breach of agreement. There's a term for when a financial institution is unable to settle deals on the agreed day and needs to postpone - it's called insolvency. Such repeated situations are quite valid reasons to require them to cease operating and liquidate all assets in order to pay out their debts.

d23 13y ago

Can you explain the difference between Coinbase and an exchange? I'm afraid now that an order I put in could be futzed up.

nathas 13y ago
Sure. Coinbase, as far as I know, sources its coins from the exchanges (Mt Gox, Bitstamp, btc-e, etc). I could be wrong about this. Coinbase acts as a nice middleman where you can securely link your bank account, and for this convenience Coinbase charges you a higher fee than the exchanges. They procure your coins, handle the financial leg work, and suddenly you have access to bitcoins. I wouldn't worry about it. I've used both quite a bit. It was a huge pain in the ass to gain access to Mt Gox. Coinbase is just better imo. The support team always comes through for any problems.

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