posted Fri, 07/12/2019 - 12:35
2599
Bitcoin question
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Is there any way to purchase and transfer bitcoin the same day?
I set up a coin base account but it makes me wait up to 2 weeks after purchasing to transfer out of my account.
Is there a work around for this?
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The bitcoin app I use allows me to use bitcoin the same day if I purchase with my debit card. If I purchase with my bank account # then I have to wait 10 days for it to fully clear before I can use them.
Gemini, Electrum, just google best Bitcoin wallets.
Cashapp and blockchain simple and easy to purchase BTC and transfer at the same day. you don’t have to wait 2 weeks like coin base
CashApp and Coinbase allow instant purchase of BTC. I prefer localbitcoins. If I catch it at the right time, I can buy coins below market value. I usually pay with Zelle.
You can use bitcoin atms. You deposit cash into the atm and enter the wallet you want to send money.i have heard of guys finding atms with 3.5 and 6% interest. However i tried a bitcoin atm and it never disclosed fees whatsoever. It was my first time buying with bitcoin and didnt realize atms could have much higher fees, and this particular machine charged 24% interest. So be careful if you choose to use a bitcoin atm. It was a 200 dollar mistake on my part. I use cash app now and it is pretty straight forward and easy
Edit
PcushionIt’s bc your using your checking account. Link your debit card for same day transfer.
I've used coin base and never encountered the problem. But if it's an issue for you there are some good suggestions listed below.
gemini.com
I use paxful and pay with Amazon gift card last time got coin within 3 mins of sending code to guy he released it
Cashapp is also good for btc payment. I’ve been using it, fairly simple and fast after the first time
Blockchain app! As easy and as quick as a bank transfer
Sorry for the double post. Learned that the hard way last time. Best practice is to watch btc, wait until its on a small upswing, buy your btc with debit card and make your payment to the other party. That way you dont lose money.
if you buy and pay in the moment how are you going to lose money? Other thing would be if you waited some time and the coin lost value.
Bitcoun price fluctuates. If your buying down to the penny, its possible you may not have enough to cover the transaction if the market dips 1% or more in 5 minutes.
I also just buy more btc than i need, let it sit for a while and claim the $10 when it jumps up.
buy low and sell high. Also got look at it from a stock market perspective sometimes.
Buy it with a debit or credit card not bank account