<p>As far as I can tell the queue itself is not actually functioning. The limit they have only exists for some hours during the day, and at some point they allow you to buy bitcoin and charge it to your bank account. You are then locked in at the rate which you purchased them at, however it takes about 5 days generally to receive your bitcoins. </p>

<p>I think this happens because they are fronting the money themselves to buy the bitcoins, and have a limited amount of funds per day which they can spare. Each day a new volley of bank transfers comes through and they can then afford to front more for people.</p>

CC BY-SA 3.0
2013-04-11T16:51:41.963Z
I just managed to buy 0.1 bitcoins from them, and It's looking like I'll receive them next Tuesday, which matches the time-frame of the queue, but it appears as though I bought a flat number of bitcoin for a flat rate, so I'm still a little confused by this queue thing
Sam I am says Reinstate Monica
CC BY-SA 3.0
2013-04-11T16:52:56.847Z
was the message that said they had exceeded their daily limit still being displayed?
Loourr
CC BY-SA 3.0
2013-04-11T17:16:37.330Z
no, it wasn't.. .
Sam I am says Reinstate Monica
CC BY-SA 3.0
2013-04-11T17:23:28.327Z
So the message you have displayed, wont apply to your purchase, and your locked in at the rate you agreed to
Loourr
CC BY-SA 3.0
2013-04-11T16:45:19.337Z
2013-04-11T19:43:40.747Z
2013-04-11T19:43:40.747Z
Loourr
<p>I am trying to buy bitcoins, and I have just recently got my bank account verfied on coinbase.com, and I am trying to buy bitcoins.  </p>

<p>When browsing the buy page,  I got the following message</p>

<blockquote>
  <p>Note! We've exceeded our normal buy limits for today. If you would
  still like to purchase you will receive the market price of bitcoin on
  Tuesday Apr 16, 2013 at 08:24AM PDT after your funds have arrived.
  read more</p>
</blockquote>

<p>When I click <code>read more</code>, it just tells me</p>

<blockquote>
  <p>Due to higher than normal buy volumes, we are unable to provide exact
  price quotes right now.</p>
  
  <p>Instead of pausing buys entirely, we decided to give people the option
  to purchase bitcoin at the market price in a few days. Once your USD
  funds arrive, we will exchange them to bitcoin at the market price at
  approximately Tuesday Apr 16, 2013 at 08:24AM PDT.</p>
  
  <p>Note that you can cancel your order at any time up until your bitcoin
  arrive from the transfer history page.</p>
  
  <p>The market price of bitcoin changes frequently. Below are some recent
  prices to give you an idea. These do not guarantee what the price will
  be in a few days.</p>
</blockquote>

<p>It looks like it's allowing you to put yourself in a queue to buy bitcoin, but I have no idea how to take advantage of this feature.  </p>

<p>Am I correct about what this feature is? and If I am, how do I take advantage of it?</p>

<buy-bitcoins><coinbase.com>
coinbase.com buying queue
Sam I am says Reinstate Monica
# coinbase.com buying queue

(Asked by: username_0 on 2013-04-11)

I am trying to buy bitcoins, and I have just recently got my bank account verfied on coinbase.com, and I am trying to buy bitcoins.

When browsing the buy page, I got the following message

> Note! We've exceeded our normal buy limits for today. If you would
> still like to purchase you will receive the market price of bitcoin on
> Tuesday Apr 16, 2013 at 08:24AM PDT after your funds have arrived.
> read more

When I click `read more`, it just tells me

> Due to higher than normal buy volumes, we are unable to provide exact
> price quotes right now.
>
> Instead of pausing buys entirely, we decided to give people the option
> to purchase bitcoin at the market price in a few days. Once your USD
> funds arrive, we will exchange them to bitcoin at the market price at
> approximately Tuesday Apr 16, 2013 at 08:24AM PDT.
>
> Note that you can cancel your order at any time up until your bitcoin
> arrive from the transfer history page.
>
> The market price of bitcoin changes frequently. Below are some recent
> prices to give you an idea. These do not guarantee what the price will
> be in a few days.

It looks like it's allowing you to put yourself in a queue to buy bitcoin, but I have no idea how to take advantage of this feature.

Am I correct about what this feature is? and If I am, how do I take advantage of it?

**Tags:** buy-bitcoins, coinbase.com


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## 1 answers

### Answer by username_1 on 2013-04-11. Score: 2

As far as I can tell the queue itself is not actually functioning. The limit they have only exists for some hours during the day, and at some point they allow you to buy bitcoin and charge it to your bank account. You are then locked in at the rate which you purchased them at, however it takes about 5 days generally to receive your bitcoins.

I think this happens because they are fronting the money themselves to buy the bitcoins, and have a limited amount of funds per day which they can spare. Each day a new volley of bank transfers comes through and they can then afford to front more for people.

> **Comments:**
> **username_0**: I just managed to buy 0.1 bitcoins from them, and It's looking like I'll receive them next Tuesday, which matches the time-frame of the queue, but it appears as though I bought a flat number of bitcoin for a flat rate, so I'm still a little confused by this queue thing  
> **username_1**: was the message that said they had exceeded their daily limit still being displayed?  
> **username_0**: no, it wasn't.. .  
> **username_1**: So the message you have displayed, wont apply to your purchase, and your locked in at the rate you agreed to  

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