Why does a Buy take so long?
For US customers, 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.
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
, or use funds held in a Coinbase USD Wallet
, your purchases will be instant, so you'll wait seconds instead of days to receive your bitcoin.
Since your local currency is stored within your Coinbase account, all buys and sells occur instantly. For more information on the timing of deposits and withdrawals, please see: How long do international deposits and withdrawals take?