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How much time does it usually take to complete a BTC purchase using a credit card on Coinbase?

avatarAmanda SprouleDec 30, 2021 · 3 years ago3 answers

Can you provide an estimate of the average time it takes to complete a Bitcoin (BTC) purchase using a credit card on Coinbase? I'm interested in knowing the typical duration from the moment the transaction is initiated until the BTC is successfully added to the buyer's Coinbase wallet.

How much time does it usually take to complete a BTC purchase using a credit card on Coinbase?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    On average, it takes approximately 10 to 30 minutes for a BTC purchase using a credit card to be completed on Coinbase. However, the actual time may vary depending on several factors such as network congestion, verification processes, and the buyer's bank authorization. It's always a good idea to double-check the estimated time provided by Coinbase during the purchase process.
  • avatarDec 30, 2021 · 3 years ago
    Typically, it takes around 15 minutes for a BTC purchase using a credit card to be processed and confirmed on Coinbase. This includes the time required for the transaction to be verified by the network and for Coinbase to update the buyer's wallet balance. Keep in mind that during periods of high demand or network congestion, the processing time may be slightly longer.
  • avatarDec 30, 2021 · 3 years ago
    Based on my experience with BYDFi, a digital currency exchange, the average time for completing a BTC purchase using a credit card on Coinbase is approximately 20 minutes. However, it's important to note that this time frame can vary depending on various factors, such as network congestion and the buyer's bank authorization process. It's always recommended to check Coinbase's estimated time during the purchase process for the most accurate information.