Quote Originally Posted by madfranks View Post
By far the easiest way to buy BTC is coinbase. Instant BTC transfers from your bank account.

I bought a few bitcoins from coinbase today and it said that my status is pending and that my bitcoins will arrive next Tuesday, Oct 29. Does it typically take this long to get them?



Edit: Also, on mt gox, the price shows as $230.449, and on coinbase.com, it is shown as $210.19. Why the difference?


Edit 2: Found my answer on their FAQ.

.......a few points to mention are that even if it is debited from your account on the 21st, it may not arrive to our account that day - so we are not able to verify the payment that quickly. There have been instances where we don't get a notice of insufficient funds or something along those lines for up to 4 business days. So especially in the early days while we are launching this feature, we wanted to err on the side of caution and watch how long it took for problems to show up.

I believe in the future we may be able to reduce these wait times by a day or two, especially for trusted users, but as you know selling bitcoin online is a high risk business so we wanted to play it safe for now. Hope it helps! And we'll work to keep improving it over the coming months.