1 Bitcoin = right now

Last updated: 1 year, 4 months ago

Current rating: 3.3


Buy bitcoins from Coinbase

http://coinbase.com/ 

RATE: 1% for buying bitcoins

LIMITS: 10BTC per day limit for new accounts, verified accounts are limited to 50BTC per day.

WAIT TIME: Instant for Verified members

 

"Coinbase’s popularity is not without good reason; its service allows users to buy Bitcoin straight from their bank accounts, paying only a 1% fee for the exchange – market spread included."

--Bitcoin Magazine, "Exploring the Bitcoin Rally"

 

Verified Business Works with American Banks Cheap - 1% above spot rates 

 

 

Verified Business

Founded 2012 by Brian Armstrong in California. Funded by YCombinatorFundersClub 650K USD.

 

Buy bitcoins using a regular bank account

It's PayPal-easy and incredibly quick with all major banks if you don't mind sharing your password for a minute (you can change it afterwards if you're worried). If you don't want to share your bank username and password, there is an option for verification where Coinbase deposits two small amounts into your account and you verify them a couple days later.

 

Steps to buy bitcoins

Go to http://coinbase.com/

1. Link and verify a U.S. bank account 
2. Buy or sell some bitcoin
3. The transaction completes in about 3 business days!

 

 

How long should customers expect to wait to get their coins?

"3 business days." --Brian from Coinbase
 
 

What is the MAXIMUM time you need to deliver on an order?

"If a transaction appears high risk we may give the user an option to either cancel their order or wait 60 days for their bitcoins to arrive.  This is rare, but we wanted to provide an option other than just canceling a user's order if their transaction appears high risk so this is the best option we've come up with so far." --Brian from Coinbase

 

Deposit back into your account

You can exchange bitcoins back to USD and deposit them into your account using Coinbase too.

 

Support

Web

You can reach Coinbase support at http://support.coinbase.com/ (there is also a phone number on that page).

"The website can be used at any time but our business hours are 9-5 Pacific Time." --Brian from Coinbase
 
 

 

"87% of wallet funds are stored offline"

Coinbase is keeping funds stored "offline". That means if you buy from them and store your funds in their wallet then 87% of your money is completely secure, limiting the risk with hosting your bitcoins with another person.



Current rating: 3.3


Comments

  • nym 1 year, 4 months ago

    I have had a lot of success with Coinbase, but don't expect your bitcoins immediately.

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  • Robert Mc Donald 1 year, 4 months ago

    I love Coinbase, I have purchased a large number of coins from them and I can't believe how easy it is to use their service. I can't wait for them to lift the $100/day limit. This is my #1 goto service to exchange USD for BTC. Low fees, easy to use, and great security. I don't know why you would use another service once they lift their daily limit!

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  • bill gates 1 year, 3 months ago

    Robert McDonald said it all. Coinbase is currently the best choice for buying small amounts of bitcoins in the USA. The website is professional. Sign up is the easiest I have ever experience. They have received positive feedback from the Bitcoin forums and on Reddit.

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  • owlpelletz 1 year, 2 months ago

    $100/day limit for Coinbase appears to have been changed.

    Instead, under Linked Accounts > Verification and Limits, you can complete steps to verify your account and raise your limits.

    After completing the first step of instant bank account verification or deposit verification (Link and Verify), my limits are:

    Buy Limit: 10.00 BTC / day Sell Limit: 100.00 BTC / day

    I just submitted my first transaction, so the second verification step (Complete a Transaction) is marked as Pending. In 30 days, the status of this verification step will change to Complete and apparently raise my limits further.

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  • Chris Wilmer 1 year, 2 months ago

    Coinbase is great and easy to use. Like several others, I had a few instances early on where my bitcoin purchase was flagged as "high risk" and cancelled, which was inconvenient but did not result in any money lost. No problem since and I can now buy 100 BTC/day (because it has been 30 days since my first bitcoin purchase on Coinbase). My first 100 BTC purchase went through without a hitch.

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  • Christian Jensen 1 year, 1 month ago

    It looks like their customer service is falling on its face. Perhaps they are too busy or are no longer staffed but sending in a support request is met with a deafening silence.

    I was trying to tell them about problems with their API (which are still to be resolved) and have yet to receive a response of ANY nature from them.

    I have begun to wonder if this is a legitimate service at all based on all the other comments I am seeing around the web.

    They have a great vision but are terrible at execution - customer service should be #1 priority.

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  • Nicole R 1 year ago

    I think Coinbase could be an incredible service, but they do have slow to nonexistent customer service and they run out of Bitcoins. It is a shame that they can't keep up. Very soon, Mt Gox/Coinlabs is coming which means another avenue to have access to a bank account. If they take off, Coinbase may disappear. Also I think that the gov will try to regulate too much driving both Coinlabs and Coinbase out.

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  • Chief 1 year ago

    I won't use Coinbase anymore. They handled a few transactions OK but, it takes FOREVER to get your bitcoins (4 days on average). They had a giant server meltdown and failed to communicate with their customers. I had money locked up for over a week. During that time the price of BTC doubled and there was nothing I could do but, stare at my Coinbase account and cry. An easy site that I've found is www.bitstamp.net. I used www.bitinstant.com to fund my account and had bitcoins within 2 hours. Do yourself a favor and stay away from Coinbase.

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  • peter hall 10 months, 3 weeks ago

    How can I buy Bitcoins from Australia?

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  • peter hall 10 months, 3 weeks ago

    How can I get bitcoins from Australia?

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  • CR 6 months, 3 weeks ago

    My experience has been: Very spotty service and non-existent customer service for real problems. I am a fully verified Level 2 regular BTC buyer. They will cancel orders on a whim with a form letter that does not actually explain the problem, even when the payment method used has been used several times before for orders of the same amount. These cancellations will occur when you use a traditional checking account and not just for pre-paid accounts. There is no customer service number. When emailed with questions or problems, whether your issues have to do with getting verified or setting up recurring buys or arbitrary cancellations of orders -- no response. My experience with them - as a regular BTC buyer - has been horrible. I truly believe that it will be only a matter of time before these idiots lose a lot of customers. Build a relationship somewhere else.

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  • AWARE 6 months ago

    CAUTION! They got my bank and credit card info and then said my transaction was high risk; so they canceled my transaction after (6) SIX DAYS. What a joke this company is! Nothing but a phishing scam if you ask me. Probably an IRS sting? I had to close that bank account and cancel the credit card so they couldn't scam me!

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  • Tim tyler 5 months, 2 weeks ago

    How can instantly fund my bitcoin wallet

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  • Byron Gashler 3 months, 1 week ago

    Coinbase is horrible!!!!!!!!!!!!! They have cancelled my last 4 orders, and blacklisted my account. even though my account is verified and my first order went through with no problems whatsoever. Reason given for the last orders being cancelled for no reason whatsoever was: High risk. That's a fancy name for the company thinking that some fraudulent transaction is going on. I have an email from Rees D. Sloan, a cusomter support representative on December 30, 2013 apologizing for all my inconveniences, and his assurance he manually white listed my account after their stupid algorithums unfairly and illegally black listed my account.. 15 hours later after the email saying that they would put my latest order through, they sent me another email indicating that they were again cancelling my order contradicting everything that Rees D. Sloan told me in writing after a very sincere apology, so I thought. Since I can't call him since they don't have a phone number, and since no one is timely responding back to the problem, I am just getting hotter and hotter each day. Maybe I need to go to the newspaper and media to get this problem solved. Maybe they'll take me seriously then.

    Byron Gashler
    Case # 239133

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  • Jojo 2 months, 2 weeks ago

    What is the email address to ask a support question of coinbase?
    And how did you people find it? I can't.

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