Coinbase now lets you purchase crypto via Apple Pay, Google Pay option to arrive soon as well (2024)

FAQs

Is Coinbase Apple Pay instant? ›

to instantly and securely cash out up to $100,000 per transaction."

Since your local currency is stored within your Coinbase account, all buys and sells occur instantly.

Since your local currency is stored within your Coinbase account, all Standard buys and sells occur instantly. For more information on the timing of deposits and withdrawals, please see: How long do international deposits and withdrawals take?

Buy Bitcoin with Apple Pay through Coinbase

To enable a more convenient option for iOS users, Coinbase in June 2021 introduced the purchase of Bitcoin using Apple Pay linked to a debit card.

A 1.5 percent fee (with a minimum fee of $0.25 and a maximum fee of $15) is deducted from the amount of each Instant Transfer. Account security checks may require additional time to make funds available. Instant Transfers typically post immediately but can take up to 30 minutes.

Since your local currency is stored within your Coinbase cash balance account, all standard purchases, as well as those made with a debit card, occur instantly.

This process is called the "confirmations" and is used to prevent fraud. The more confirmations a transaction has, the more secure it is. In order to send your Bitcoin, Coinbase needs to verify your transaction.

Coinbase may delay cryptocurrency transactions sent from your Coinbase account if we suspect that you did not authorize the transaction.

What app can buy crypto immediately? ›

You can buy bitcoin and a number of other cryptocurrencies at CEX.IO by using the Instant Buy/Sell service. This service is available in our mobile app as well. You can also place a market order on the spot market, and it will be filled instantly.

Apple is asking for something that is not possible, because the in-app purchase system does not support cryptocurrency to begin with. You might have noticed you can't send NFTs on Coinbase Wallet iOS anymore.

Google Pay allows users to store both credit/debit cards and/or bank account routing information on their devices. In essence, Google Pay allows users to buy Bitcoin with a credit card and buy Bitcoin with a bank account if they choose to securely store that information on their device.

You can even use your new card with Apple Pay before you receive your physical card.

Similar questions. Store credit—It might take up to 48 hours to see the refund in your Apple ID balance.

It's directly related to purchasing crypto or adding cash in local currency using a linked bank account. For security reasons, you won't be able to immediately cash out your local currency using a linked bank account or send crypto purchased with such funds off of Coinbase (we call this “cashout availability”).

Real Time Payments are processed 24 hours a day, 7 days a week and 365 days a year. In most cases your cashout will post to your bank account within 60 seconds, however processing can take up to 24 hours.

Does Coinbase report to IRS? ›

Does Coinbase report to the IRS? Yes. Currently Coinbase IRS reporting includes forms 1099-MISC for users who are U.S. traders who made more than $600 from crypto rewards or staking in the 2022 tax year.

As a security precaution, if you reset your password from a new device, you may not be able to send crypto from your account for up to 48 hours. Note: Coinbase Support is unable to expedite this waiting period.

What is 24-Hour Withdrawal Lock? It is a feature that adds an additional layer of security to safeguard your funds. It protects your account by disabling withdrawals for 24 hours to addresses that have been newly-whitelisted.

There are two common reasons for this:

If you're aware of any chargebacks or reversals that have occurred on a recent trade, please include this information when contacting us. In other cases, we may just need some additional information to confirm your ownership of the payment methods added to your account.

It's simply due to your account status (verification level), payment method and coinbase protocols. You can migrate to using SavEncrypt to store your bitcoin.

Our nodes may lose sync with the rest of the network for short periods of time, which can cause transactions to remain Pending longer than normal. Usually the delay is under an hour and the transaction will eventually go through normally.

Crypto buying power

Funds from stock, ETF, and options sales become available for buying crypto within 3 business days. However, limited cash deposits and all proceeds from crypto sales are available to instant accounts immediately.

Sending bitcoin can be nearly instant for low-value transactions, but can take up to an hour, or even days, depending on the value of the bitcoin you are sending. The general rule of thumb is to wait for six confirmations, which should take around an hour, before accepting that a bitcoin transaction is final.

How do I buy ETH instantly Coinbase? ›

Since your local currency is stored within your Coinbase cash balance account, all standard purchases, as well as those made with a debit card, occur instantly.

How long do Instant Bank Cashouts take? Real Time Payments are processed 24 hours a day, 7 days a week and 365 days a year. In most cases your cashout will post to your bank account within 60 seconds, however processing can take up to 24 hours.

Instant transfers can only be made to an eligible debit card, not a bank account. Money is sent within 30 minutes when you select instant transfer.

If you're sending to a crypto address that belongs to another Coinbase user who has opted into Instant sends in their privacy settings, you can send your funds instantly to them with no transaction fees.

From the home screen of the Wallet App, click Buy at the bottom. Click where it says Pay with, then select Google Pay. Next, click on Select Coin in the top right, and choose Bitcoin. Enter the amount of Bitcoin you wish to buy.

Our nodes may lose sync with the rest of the network for short periods of time, which can cause transactions to remain Pending longer than normal. Usually the delay is under an hour and the transaction will eventually go through normally.

This process is called the "confirmations" and is used to prevent fraud. The more confirmations a transaction has, the more secure it is.

For US customers, if you're looking to deposit more than the maximum $25,000 a day ACH limit, one option is to complete a wire transfer from your bank account to your Coinbase account.

Why can't i send crypto instantly on Coinbase? ›

For security reasons, you won't be able to immediately cash out your local currency using a linked bank account or send crypto purchased with such funds off of Coinbase (we call this “cashout availability”).

Typically, when you see that a payment in Apple Cash is pending, it means that the other party has not yet accepted your payment. Have you checked in with them? Learn more about how this works here: Send and receive money with Apple Cash.

Apple Collects Significant Personal Data

Apple Pay requires you to disclose various personal information. Apart from the standard data like your name and address, the company will also access your transaction history—which could amount to a lot if you use it frequently.

Coinbase may delay cryptocurrency transactions sent from your Coinbase account if we suspect that you did not authorize the transaction.