CampBX+Dwolla just as slow as Coinbase

joesmoe2012

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Ching-Chang;Ding-Dong

Quote from: bitcoinrocks on September 01, 2013, 02:26:27 AM

So you don't mean you lock in your price in seconds, but you actually get the BTC in seconds and Coinbase is willing to wait it out for your bank funds? I will email them.

No need to email them. This is correct. YOu need to be a minimum of Level 2 verified though.

bitcoinrocks

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So you don't mean you lock in your price in seconds, but you actually get the BTC in seconds and Coinbase is willing to wait it out for your bank funds? I will email them.

redwraith

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What Joeschmoe said...

Get yourself verified with Coinbase and you will get bitcoins in seconds.

joesmoe2012

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Ching-Chang;Ding-Dong

Quote from: italeffect on August 31, 2013, 12:40:14 AM

If you fund your Camp BX account via Dwolla they will put a 30 day hold on Bitcoin withdrawals from your account.

Only the first time.

italeffect

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If you fund your Camp BX account via Dwolla they will put a 30 day hold on Bitcoin withdrawals from your account.

joesmoe2012

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Ching-Chang;Ding-Dong

Coinbase has instnat buying, if you didn't get approved for it right away, try shooting their support an email.

mccoyspace

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The bank to dwolla link is always so much slower than you want it to be. For me it's often at the end of the 4th full business day after the request was made.

With CampBX the transfer from Dwolla to the exchange is basically instantaneous. (That's been my experience). And it's cheap.

CurbsideProphet

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Quote from: bitcoinrocks on August 30, 2013, 03:03:53 PM

I like Coinbase but it takes so long to get your BTC. I thought CampBX+Dwolla would be faster but now I find that I can't pull money from my bank account directly into CampBX via Dwolla. I have to first deposit money from my bank account to Dwolla and then later pull those funds to CampBX from Dwolla. I don't think CampBX+Dwolla is any faster than Coinbase and with Coinbase you lock in your price right away. What is the advantage of CampBX over Coinbase?

This is essentially how it was when Gox accepted Dwolla. There's a wait on the funds to clear from your bank to Dwolla, then another wait for it to clear from Dwolla to Gox. The only fast way is a wire but the fee is substantially higher. The only real advantage of an exchange over something like Coinbase is to take advantage of volatility. Bitcoin has been relatively stable recently but when it was making huge swings, you could put in a low ball buy and sometimes it would fill. That wouldn't be possible with Coinbase (as they typically ran out of BTC during high volatility) or it could be happening while you're away from the computer.

bitcoinrocks

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I like Coinbase but it takes so long to get your BTC. I thought CampBX+Dwolla would be faster but now I find that I can't pull money from my bank account directly into CampBX via Dwolla. I have to first deposit money from my bank account to Dwolla and then later pull those funds to CampBX from Dwolla. I don't think CampBX+Dwolla is any faster than Coinbase and with Coinbase you lock in your price right away. What is the advantage of CampBX over Coinbase?

Topic: CampBX+Dwolla just as slow as Coinbase (Read 1402 times)