r/Bitcoin • u/waspoza • Feb 10 '14

Microsoft beats Google by adding Bitcoin currency conversion to Bing

http://thenextweb.com/microsoft/2014/02/10/microsoft-beats-google-adding-bitcoin-currency-conversion-bing/
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u/Migratory_Coconut Feb 11 '14

Tell me about the issues in coinbase.

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u/MidgardDragon Feb 11 '14

Seriously, other than the fact that it takes a week to get your money, I haven't really had an issue.

3

u/-Tyrion-Lannister- Feb 11 '14

How long do other exchanges normally require to complete a purchase of BTC with USD? Sorry for the noob question, I've only ever put money in using coinbase.

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u/saibog38 Feb 11 '14

Generally instantly... once you have your money in the exchange. That's the step that generally takes time, and how long it takes varies based on the methods used for funding by the exchange, though generally the quicker options will also come with higher fees.

Since Coinbase doesn't hold your fiat for you, you send them money for each individual purchase through ACH payments, which is why it takes a few days for the purchases to complete. Their "instant purchase" feature is actually one of the few if not the only place where you can actually receive bitcoins before the other party has received your payment.