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RE: Coinbase is crazy

in #bitcoin9 months ago

You bought some crypto with USD right?

If so it'll be credited to your account but you can't move it off the platform for 8 days. It's because the god-damned archaic banking system is that bloody slow. The bank's "blockchain" or ledger takes that long to settle. It's a joke.

Coinbase wants to get paid before they let you take it off their platform. Hope that helps.


Ya, but my account was debited right away, I thought this "blockchain" tech has going to revolutionize transactions. This is crazy, I could use the mailing system to be faster.

Ya it is the dumb hold on the the money

Agreed, the legacy banking system is brontasaurus slow. But again, it's not bitcoin or blockchain that's slow. It's the archaic ancient slow AF ACH and SWIFT banking system from the 1970s.

After the 8 days, when you transfer it off Coinbase to Bittrex or wherever it goes, it'll be lightning quick.