Coinbase withdrawal delays thread [Please add ACH delay reports to this thread]

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: bladerunner99 on January 11, 2014, 06:04:05 AM

... Furthermore the future of bitcoin does not depend on miners or traders but on the mass adoption of bitcoin by mainstream retailers worldwide.

Yup. That would make Bitcoin either collapse or force the infrastructure into an increasingly small pool of operators thus changing completely the reason why some of us consider it to have strength. So, I agree that 'the future of bitcoin' does depend on this.

I normally qualify my statements of this nature as some form of a conjecture on my part, but since I am commenting on a statement which lacked this qualification I'll defer as well.

Back On-T, I've since Sept made over 20 sales through Coinbase with an average of over 5 figures each and none that I recall have exceeded the expected timings. Most beat the expectations.

Back Off-T, one of the risk factors that influence my draw-down planning is indeed the threat of mass adoption. Mass adoption or appearance of it will probably do great things for the price of BTC. At least for a while. But I am quite confident that it will change the nature of the solution to one which has limited appeal to me.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Appears wires are coming in on time for me.

bladerunner99

newbie

Activity: 23

Merit: 0

My conclusions from this thread: I am glad theBritt got his money. It took 18 days but that is faster than Mt.Gox. Coinbase should have a more open policy, perhaps a special concierge service for orders over $10,000. The USA should have a bitcoin exchange but given the regulatory environment that seems unlikely to happen soon. However as more retailers accept bitcoin the USA's lack of an exchange starts to become an issue of financial security for US domestic trade. In this instance theBritt may have overestimated his/her tolerance for risk. Given the volatile nature of bitcoin we should all consider how much we can afford to risk losing. Furthermore the future of bitcoin does not depend on miners or traders but on the mass adoption of bitcoin by mainstream retailers worldwide.

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

Due monday, arrived today instead.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: smooth on December 03, 2013, 09:41:14 PM

I have one due tomorrow, will report.

EDIT: It is actually due Thursday.

Hit my account right around midnight (Wednesday to Thursday). Hard to be any more on time than that!

BitcoinWalker

full member

Activity: 127

Merit: 100

$Gangnam works hard, so you don't have to.

Quote from: Walter Rothbard on December 04, 2013, 01:42:21 PM

I made a sale last week and expected an ACH deposit to complete this Monday. It didn't complete until Tuesday.

During the time the deposit was pending, there was a "tracking number" available to me - does anyone know where and how to use this?

You can use it when you contact CB support. As far as a "tracking number" is concerned, you can't use it to track your transaction anywhere on their website.

Walter Rothbard

sr. member

Activity: 476

Merit: 250

Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

I made a sale last week and expected an ACH deposit to complete this Monday. It didn't complete until Tuesday.

During the time the deposit was pending, there was a "tracking number" available to me - does anyone know where and how to use this?

thebrit

full member

Activity: 168

Merit: 100

Make the Bitcoin, don't let the Bitcoin make you.

Would like to report I did get my funds. Finally.

Timeline:

November 13th - 39btc sold
November 15th - coinbase advised arrival date

Loooooooong wait

December 1st - coinbase from last decade arrives

18 days.

smooth

legendary

Activity: 2968

Merit: 1198

I have one due tomorrow, will report.

EDIT: It is actually due Thursday.

italeffect

sr. member

Activity: 255

Merit: 250

No issues on my end, a bunch of transactions from 11/29 & 11/30 all hit my account this morning as expected.

goxed

legendary

Activity: 1946

Merit: 1006

Bitcoin / Crypto mining Hardware.

Funds are arriving on time or a day earlier.

tvbcof

legendary

Activity: 4760

Merit: 1283

Got a 10 BTC sale made Thur night deposited and transferred (out of my dedicated landing account) by Tue morning.

Just made another 10 BTC sale and the estimate shown on the pop-up was deposit by Friday. I'll update if I think of it and can find this thread.

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

Received 2 withdrawals, 1 day late from the estimate as usual. BoAs usually pretty fast with my ACHs so I see how other people are getting them 2 days late.

Nolo

hero member

Activity: 686

Merit: 500

Whoa, there are a lot of cats in this wall.

I just received my funds from my withdrawal last Monday. 2 business days late, but better late than never. It appears crazy rabbit is right. They're just experiencing massive growth and having trouble keeping up.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: User705 on November 29, 2013, 01:59:50 PM

Quote from: superfastkyle on November 29, 2013, 06:13:12 AM

When I did my bank account verification, within 24 hours. Estimated date of today no money. All my ach go through within 1 business day if they were actually completed. Why allow withdrawals if you don't have the money which its obvious you don't. What another scam exchange

Yesterday was a holiday.

A holiday followed by a weekend. Followed by what apparently was an enormous explosion of new years on coinbase. Apparently they are swamped. :-/

technomancer

sr. member

Activity: 252

Merit: 251

Customer support never answered the emails.
I sold at nov 25th , 8 days ago, still waiting and my bank account overdrawn because of them.

thebrit

full member

Activity: 168

Merit: 100

Make the Bitcoin, don't let the Bitcoin make you.

I will absolutely keep everyone updated. Including if coinbase does (finally) do the right thing and correct this.

I have multiple emails were they have admitted culpability anyway. It's just a question of whether this is a contracts case or if punitive damages are warranted. I've been unable to make any trades in three weeks now.

We shall see.

opentoe

legendary

Activity: 1274

Merit: 1000

Personal text my ass....

Quote from: thebrit on November 30, 2013, 01:53:47 AM

Quote from: opentoe on November 30, 2013, 01:45:25 AM

I'm having very long delays waiting for a couple of deposits. This has been happening with Coinbase for the last month at least with no explanations and every support response is a basic canned response not helpful at all. The real big problem with them is they are fully aware of all these problems and keep operating, just adding fuel to the fire. They should at least CEASES operations, get their shit together then open back up. Operating under faulty conditions and leaving all their customer's just guessing what the issues are is a bad practice. It would take them just minutes to suspend operations temporarily and/or put up a notice for everyone to see.

Nah, just ask camolist, he knows it all. Apparently wanting your money is a 'witch hunt'. Maybe he should back off when he isn't the one with thousands being held by conbase.

Anyway, here we are over two weeks later and still no money. I've retained a lawyer with btc knowledge, and given them until Wednesday to give me my money and appropriate compensation for the thousands they have cost me.

Good. Make sure you get that compensation. It is hard for non bitcoin people to understand but if you give them examples like stock exchange sales and stuff like that they will start to understand how it works. Yea, ACH deposits take a couple of days. We are all aware that US banking system is the worst in the world, but I don't think these delays are related to the banking system. It has something to do with Coinbase. They literally are playing with all our money and seem to think they are immune to any consequences on what happens. Keep us informed.

thebrit

full member

Activity: 168

Merit: 100

Make the Bitcoin, don't let the Bitcoin make you.

Quote from: FloatesMcgoates on November 30, 2013, 01:54:24 AM

Coinbase still owes me money from a sale I made on November 18th. No cash in sight

Sounds like a class action in the making. media will have a field day.

FloatesMcgoates

full member

Activity: 238

Merit: 100

Coinbase still owes me money from a sale I made on November 18th. No cash in sight

Topic: Coinbase withdrawal delays thread [Please add ACH delay reports to this thread] (Read 8383 times)