Bank Transfers in Crypto | Why is Coinbase Delaying Your Purchase?

A user’s recent experience highlights frustrations with Coinbase, as their bank cleared a crypto purchase two days ago, yet their digital assets remain on hold. This incident raises flags about the efficiency of crypto exchanges versus conventional banking.

Context of the Issue

The user, who reported the transaction through a popular forums interface, found themselves in a situation familiar to many: their bank processed the transaction, but Coinbase has yet to reflect that in their account. This discrepancy has sparked a slew of comments addressing user frustrations with the timing involved in crypto transactions.

Three Main Themes Emerging from Discussions

• Timing Disparities: Many users are questioning why Coinbase takes longer than traditional banks, with one remarking, "No one takes 3–5 days anymore on an ACH."

• Process Clarification: There's confusion among users about the transaction processes between their banks and Coinbase. One comment noted, "Because your bank cleared the sending but Coinbase didn’t clear the receiving yet."

• Support Communication: The community advises against sharing personal details in public forums, urging direct communication with support for any issues.

Community Reactions

"It’s the same story every time – delays with crypto!"

Users are collectively expressing a mix of disappointment and acceptance regarding the delays. Some outline that such issues are commonplace, hinting at a culture of patience among crypto enthusiasts.

Key Observations

• ▽ Banks are processing transactions faster than exchanges.

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