Why does a Buy take so long?

Last Updated: May 20, 2014 10:35PM PDT
Coinbase uses the traditional ACH bank transfer system to collect money from your bank. The ACH bank transfer system is not built for speed - this is why the bitcoin takes 3-4 business days to reach your wallet after initiating the purchase. Once Coinbase receives the bank transfer and the payment clears, the bitcoin is transferred to your account instantly.

ACH Diagram

It’s possible to view the delivery date of your purchase by clicking the transaction on the History page.

If you add a credit card, your purchases will be instant, so you'll wait seconds instead of days to receive your bitcoin.

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