Hey guys,
Does anyone have experience with sending wires to coinbase? When you start wire from coinbase application, you write in the amount you are sending. Lets say you are buying 1 whole bitcoin for the current price, Does coinbase look at what time you placed that order for wire transfer and look at the value of bitcoin at that time or do they count the value of bitcoin at the time they accept your wire (which maybe 1week time) meaning you sent the amount for 1bitcoin but the price went up after 1 week so you dont have amount for 1 bitcoin.
Which of the above scenario is correct?
First you will need to deposit the fund. You can not directly buy coins. So, after your wire transfer is completed ( could take several days) the money will be deposited in your coinbase fiat account ( USD, GBP EURO etc). Then you can buy coin. So the price will be the price of the day when you buy the coin.