Bitcoin

[T-Bagger]

Ok guys, forgive me for my ignorance, but I know very little about Bitcoin. I got the Coinbase app and setup my info.

It tells me I have a $50 weekly bank limit. Few questions:

1. If I buy $50 USD and have a $50 purchase, (hypothetically, because I know there's a small fee) I would have enough for the $50 right?

2. How long will it take to get my wallet increased so I can buy more?

3. Am I approaching this right?

 

[DrinkFlintWater]

I dont comprehend bitcoin all too well, however im about to use this:
Virtual BitCoin ATM's anywhere
Check it out if its in your area

 

[T-Bagger]

I dont comprehend bitcoin all too well, however im about to use this:
Virtual BitCoin ATM's anywhere
Check it out if its in your area

That seems pretty sweet and definitely better than having to wait a frickin week for a lousy $50 to be deposited.

 

[Gobuckeyes0122]

That seems pretty sweet and definitely better than having to wait a frickin week for a lousy $50 to be deposited.

Your limit gradually increases. I have a $2500 weekly limit but I started off small like you. Give it a couple weeks and see if it increases if not you can ask them for it. And yes it takes about a week for the funds to clear. At least it did for me last time I bought bitcoins with coinbase.

 

[T-Bagger]

Your limit gradually increases. I have a $2500 weekly limit but I started off small like you. Give it a couple weeks and see if it increases if not you can ask them for it. And yes it takes about a week for the funds to clear. At least it did for me last time I bought bitcoins with coinbase.

I now have an additional $3 available to purchase

Thanks brother! And how cool to see a fellow Buckeye. O-H

 

[Gobuckeyes0122]

I now have an additional $3 available to purchase

Thanks brother! And how cool to see a fellow Buckeye. O-H

I- O!!!!

 

[D-max]

Link a credit card and it'll give you $300. Upload your photo id and you can buy and sell coin instantly.

 

[T-Bagger]

Link a credit card and it'll give you $300. Upload your photo id and you can buy and sell coin instantly.

Thanks bro! Will a debit card work?

 

[D-max]

Yep. I have both linked to mine.