ACH

krakensupport

Hey u/dankc0inz, Just wanted to hop in and clarify the situation around withdrawal holds and when they are applicable. Certain instant purchases, such as first time ACH Online Banking, Paypal, debit or credit card or digital wallet purchases, will trigger a withdrawal hold for up to 72 hours. ACH via Plaid deposits are available instantly for trading, but will be subject to a seven-day withdrawal hold. Deposits made using bank transfer do not have any withdrawal holds placed on them. Hope that helps and Happy Holidays! Khal 🐙

thisjustin93

Great point. Not enough people have reached this realization. Bitcoin is less a direct competitor to gold and more of a competitor to central banks and ACH systems. Under a Bitcoin standard, government currency’s will still exist. Your bank deposits, groceries, and real estate will all still be denominated in dollars (or whatever replaces it). And yes you’ll still tip dancers at strip clubs in dollars. Bitcoin will serve as the underlying value that the currency is pegged to. So why won’t this fail the same way a gold standard did? Because unlike gold, Bitcoin users can quickly verify, move, and privately store large sums of Bitcoin without going through a central authority. This is not possible with gold - due to a need to verify its quality and its weight making it difficult to move large volumes, third parties are required and inevitably those third parties consolidate into a central authority. This is the true power of Bitcoin. The network verifies itself and large sums can moved instantly, allowing people to hold central banks accountable at a level never seen before. I actually believe gold will return to collective conscious as a form of long term savings. In the near future, privately stored gold will be favored over pensions and 401K’s. Dollars will still be held for immediate payment and things denominated in it. And Bitcoin will be the monetary standard/global reserve central banks will peg their currency’s to.

MuzzleblastMD

Good approach. I’m a big risk taker and have bought some coins that cost less than a penny: SHX for example. They work in ACH transfers.

devCheckingIn

Awhile ago I sent $5 USDC from Coinbase Exchange to my Coinbase Wallet (on Base network because it's "free") just to see how it works. Trying to get it from the wallet back to the exchange has just been a hilarious pile of turds. I need a tiny bit of ETH to do it. I have ETH on the exchange but I can't send just a tiny bit because there's a transfer minimum. Ohh and I need cash in the account to send ETH to my wallet because there's a fee for that too. So if I transfer ETH to my wallet and then transfer the USDC back to the exchange and want to transfer the leftover ETH back to the exchange also, that will probably require more ETH and cash to pay another fee. Holy crap I'll just stick with banks and ACH please. You guys gotta figure this shit out if you want anybody to ever use this. Banks are less parasitic.

KateR_H0l1day

I’ve been sending ACH to two crypto exchanges every week for over three years and never had a rejection from Chase. However, they won’t let me buy crypto with my debit or credit card, not that I’d ever want to, nor would I or ever have tried to wire funds to crypto. Regular ACH transfers have zero fees and are very reliable.

LegalGrapes

This was a wire transfer, not an ACH purchase. The wire transfer was rejected after their “security review”, because it was to a crypto exchange. Whatever you do, don’t tell Chase your transfers are to a crypto-related entity.

OprahsScaleBroke

Huge for Alchemy Pay (ACH), going to moon this bullrun. 🚀👨‍🚀💰🐃💲

SmoothGoing

Many exchanges can easily handle that. Check your daily limits and use wire transfers instead of ACH.

AwayStation266

Wait, so what you said "no legitimate use" an easy example is that xrp looks to make transfers much more cost efficient. This is just one example. I can see that a legitimate use. To replace the swift system and maybe the ACH system. Am I wrong in this? Thank you.

StatisticalMan

Exchanges charge more for using CC. Most exchanges have an option to deposit cash using ACH or bank wire and then exchange that for crypto. The fees are often 90% to 99% lower. Buying crypto with CC is a sucker option to fleece noobs.

StatisticalMan

I don't know any exchange which makes you wait 3 days. The may not let you withdraw crypto from the exchange until the ACH clears but you can buy instantly and without the markup.

coinfeeds-bot

tldr; Alchemy Pay, a crypto payments provider, plans to launch its own layer-1 blockchain called Alchemy Chain, built on the Solana Virtual Machine architecture. Announced on December 11, the blockchain aims to support large-scale business applications by offering a payment system for fiat and crypto transactions, a user-friendly ecosystem, and a stablecoin revenue mechanism. It will also integrate a layer-2 solution. The announcement has positively impacted the price of Alchemy Pay's token, ACH, which saw a significant increase. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

dataCollector42069

Are these random NFTs given to your wallet for a "10k UDST" give away or .00001 of a coin trying to fish you? Obviously wont click any links but more so curious about the .0001 ACH coin and how they are trying to take my money

JerryLeeDog

Nice! But even better is the Fold card! Because then you get 2-5% on your regular credit cards, but then pay those credit cards off with the Fold card and get BTC back on top of the USD you also got back. Then buy Bitcoin with that USD cash back. So, I basically get back 2.5-5.5% in BTC back for literally everything I purchase in my life. And Fold allows BTC back for paying mortgages and rent too (ACH payments)

CortaCircuit

Was this for an ACH transfer or a Wire Transfer?

KateR_H0l1day

I’ve been using Chase to buy crypto for years with no problems, it does go to an Exchanges intermediary bank first though, through ACH. No fees, funds there next day to use to buy anything, can’t buy using the Chase debit card though, however I’d never want to do that anyhow due to fees.

StatisticalMan

When you open a new bank I would definately stop that. Most people do not get 8+ inbound ACH tx a month. If the total of the inbound tx is more than $10k but individually each under $10k it likely triggered a "structuring" audit. If you can pull out enough for the month and do that once a month ideally by bank wire.

StatisticalMan

How many transactions we talking about? Banks can close your account for any reason other than a protected class (race, religion, etc). Maybe they shouldn't but they can't. Banks are less suspicious of bank wires because they can't be (easily) reversed. Getting 50+ ACH transactions a month is going to be suspicious. Getting 1 or 2 bank wires not as much. I have sent multiple bank wires a month to both USAA and Fidelity without issues.

mwaddmeplz

Polymarket betting and cheap conversion for me as a Canadian for CADUSD (Moon Pay charges 1% conversion only and I get credit card rewards points on the transaction) I have a USD bank account on the other hand to receive USD via ACH

Macnamera

The "bill pay" seems to me just a standard checking account number + routing number, and when you pay a bill off the account via ACH, there's some automation to liquidate some bitcoin in your account to pay the requested charge.

StatisticalMan

The IRS specifically doesn't care. If you make $1B selling Heroin the IRS doesn't care as long as you report that $1B in income and pay your taxes. When you file your tax return the IRS will ask you the cost basis (purchase price) bcause the gain is selling price - purchase price. They won't ask for proof. You simply self report. In 99.9% of the case that is the end. If you are ever audited then you should hav records to show the purchasde date/price. As for your bank a lot depends on how long have you had the bank account and what is the normal balance and transaction volume. If you have banked at a bank for 5+ years and get a $10k ACH they likely aren't even going to notice. If you opened this bank account a week ago and got a $1M bank wire well that is pretty damn suspicious and at the very least they may put a hold on the funds until they can ask you about it.

_IscoATX

Strike is promising and I love hearing Jack Mallers be so passionate about living on a BTC standard. At the moment I am using Fold to triple dip though. Buy flights with AMEX, get miles in the airlines, get AMEX points, then pay off AMEX with Fold/Paypal bill pay and get those BTC rewards on top of it. Unfortunately they removed chase from bill pay. I’ll unlock the ACH rewards for next month, which is a downside of Fold Something that isn’t clear to me on either platform is: if you chose to deposit your paycheck into BTC, are you paying a spread or a transaction fee as you would in an exchange?

_IscoATX

Strike is promising and I love hearing Jack Mallers be so passionate about living on a BTC standard. At the moment I am using Fold to triple dip though. Buy flights with AMEX, get miles in the airlines, get AMEX points, then pay off AMEX with Fold/Paypal bill pay and get those BTC rewards on top of it. Unfortunately they removed chase from bill pay. I’ll unlock the ACH rewards for next month, which is a downside of Fold. Something that isn’t clear to me on either platform is: if you chose to deposit your paycheck into BTC, are you paying a spread or a transaction fee as you would in an exchange?

thetimsterr

You only need to close a channel if you want to "hardcode" it to the chain. If we imagine a world where LN becomes widely used, there would be little reason to ever do that. Most daily transactions could live on chain. It'd like how we would use a credit card to fund our daily lives but then we use wire transfers and ACH for large amounts. The latter would be on-chain activities. LN would just be shifting numbers back and forth like on an abacus and would rarely need to be recorded to the chain. I'm not really sure why you say it requires trust or why having major, interconnected nodes is a bad thing. There are non-custodial LN wallets out there. Custodial is not the only option.

_FreeThinker

Most probably, we do not want a finite money supply, especially in light of Modern Monetary Theory (MMT). Bitcoin is an asset class and an exchange medium. It does not have to replace USD or any other governmental currency. A sovereign currency is required by the government to fund services and programs that no private institution will tackle, these are especially economic fields where economic externalities are most pronounced. Bitcoin will not replace USD, it probably should not. Bitcoin will replace gold, and maybe some treasury. Bitcoin can also replace inefficient money movers like ACH transfer (most banks), credit card companies, and remittance companies, etc. I think to imagine that a deflationary currency should be what a government should rely on to run a country is naive and economically & politically uneducated.

SmoothGoing

See the Newcomer's FAQ: https://old.reddit.com/r/Bitcoin/comments/1f7n947/bitcoin_newcomers_faq_please_read/ More resources (incl recommended wallets, helpful books, ELI5 explainers, video channels, setup guides etc etc): https://www.lopp.net/bitcoin-information.html For beginner types of (bitcoin related) questions go to r/bitcoinbeginners Do not get scammed by "helpers" reaching out. Do not let anyone set things up for you. You sell to another trade. You withdraw to your bank. Wires are overnight. ACH is 3 days. Read the documentation/help pages on the exchange you will use.

Hairy_Yam5354

I don't recall it being difficult at all. In fact, I mean, it's been 14 years so my memory's a little hazy, but it seems like it was easier back then than it is now. I seem to remember doing an ACH deposit, and that was about it.

dataCollector42069

Learned my lesson about ACH clear time with Coinbase :( Wish I could have got more Moons

thinkkpositive

ACH!

dataCollector42069

Once ACH clears going to swap out XRP as no really likely hood of a 100x and put more in moons. Anyone know how I can send my moons on reddit to my coinbase wallet?

JerryLeeDog

I have been using both but Fold returns you free Bitcoin so I’ve gravitated to basically using Fold only. I’ve made 4.5M sats for basically free. Use your credit cards for everything and get the 2-5% back in USD for them. But then you use Fold to pay those off and get BTC on top of the cash. Then buy Bitcoin with the credit card rewards. Then you can pay your mortgage and get sats back with Fold. They do ACH rewards now I love Jack but nobody offers what Fold is

nickbutterz

I hear this a lot and I think people are missing the point. When people say this, I assume they are comparing btc transactions to credit card transactions, but that’s not really its purpose of btc. Its purpose is to replace your bank account. If you compare bitcoin to an ACH transfer or a wire, it’s significantly quicker. That being said people assume that because the credit card is ran, that the transaction is instant, but realistically this isn’t the case. Swiping your card just confirms funds are there, which means you should receive the money. That doesn’t mean you receive the money in real time. You still have to wait a few days for it to hit your bank account even more if there’s a weekend involved because for some insane reason I’m 2024 we are still stuck in archaic banking norms. This doesn’t even go into the fact that you can have someone run their credit card, you give them goods, and they can say that the transaction isn’t valid and the bank immediately reverses it and it’s up to the merchant to prove the transaction is legitimate.

mattmcegg

you can spend with your gemini card and then pay it off with ACH fold. little double dip.

southfarmer80

Another side note. River uses plaid (or at least for my little trial transfers). According to plaid sore ACH transfers are complete 3 days. River holds your money for 7 days. No reason other than it’s their policy. So river holds it 4 days beyond what the transferring agency states it takes to clear the funds. 🤔

theprincessofwhales

Anyone who names the dollars they’ve potentially earned as the game changing aspect of btc are out of touch with what it is imo. Digital currency happened a long time ago. ACH has been around since the 60s, wire transfers since before 1900 so that’s not the game changing aspect either. It’s the defi, the locked supply, the peer to peer network that changes the game. I don’t really follow any influencers. I read a lot about it when I got into it 5 years ago. Now I just kind of stack sats and stick to myself. And bounce around in here..

_IscoATX

So for the ACH payments do you have to link it to a PayPal account or how does that work? I did some payment directly by linking the Sutton bank account and didn’t get any sats

beastwork

Um ok sure. ACH payments are not transactions of USD? Do you know what you're talking about?

terp_studios

Those ACH, credit card, and electronic transactions are still denominated in USD. Not all USD is physical cash.

DasKapitalist

Day to day transactions are denominated in USD, but how much is actually conducted in USD? Sure, some people are paying cash, but most transactions are actually conducted in ACH, credit cards, etc...not USD.

Disastrous_Champion5

ACH is still on the rise

DiedOnTitan

Good response. In order to grasp the value of Bitcoin, one has to study the properties of money. When you line up those properties with all other forms of money past and present, Bitcoin triumphs. Additionally, to assert Bitcoin “has no value” despite that it has a global decentralized settlement network, implies that Visa, Amex, MasterCard, Venmo, WePay, PayPal, ACH, and all other settlement networks also have “no value”. It’s an ignorant claim.

wintry_earth

I didn't start buying until 2012 on Mt. Gox and it was fucking HARD to do back then - in the US anyway. I believe you could wire funds to Mt. Gox, but that required a visit to my bank...which I didn't want to do. The only other realistic alternative was to do an ACH to an intermediary company called dwolla and then deposit dwolla to Mt. Gox. My first deposit to Mt. Gox was for $110 on 6/5/12 and I ended up with 22 BTC. My total buy from Mt. Gox from 2012 to 2013 was $281 for 215 BTC. The most I ever paid for 1 BTC on Mt. Gox was $100. I still "have" 10 of those Mt. Gox coins. I spent most of them fucking around on Silk Road and used some to pay off my house. I never kept a balance on Mt. Gox so I didn't lose anything when it went tits up. I briefly looked into mining, but by the time I was looking you really had to mine with a GPU and I didn't have one on my shitty little PC. At one point in 2013 I was hanging out with a few of my tech friends kicking around ideas to make money and I pitched doing something with Bitcoin. When I explained the process of buying BTC (ACH to Dwolla then Dwolla to Mt. Gox) they all said it sounded really suspect and said it was 100% a scam. Well, most of them did - one other guy was interested and he made a few buys and is still holding. I still talk to a few of those guys who shit on my idea and about half the time Bitcoin will come up and they'll go "Man...I still remember that time you said we should do something with Bitcoin....why didn't we just all kick in a few grand and buy 10K worth!" Eh. Too bad.

MuzzleblastMD

I got a bag when I saw a show where CryptoEri featured it. Solid fundamentals. They do ACH transfers. I believe they’re also ISO 20022 compliant. When they went below 0.003 I got a bag.

Wait_for_You

as what my friend ChatGPT said: If you're looking to transfer funds quickly from an exchange to a wallet to execute a trade on a decentralized exchange, here are some platforms known for their faster withdrawal processes: \### \*\*Exchanges with Quick Settlement and Withdrawal\*\* 1. \*\*Binance\*\*: \- \*\*Features\*\*: Binance allows immediate crypto withdrawals after deposits settle, especially for cryptocurrency deposits. \- \*\*Fiat Deposits\*\*: Fiat deposits via methods like debit/credit card are often available for withdrawal as crypto immediately. 2. \*\*Coinbase Pro (Advanced Trade)\*\*: \- \*\*Features\*\*: Allows instant access to deposited funds for crypto purchases, which can then be withdrawn to an external wallet without significant delays. \- \*\*Limitations\*\*: For fiat withdrawals, there might be a short processing time (1–3 days). 3. \*\*Kraken\*\*: \- \*\*Features\*\*: Quick processing of both crypto and fiat withdrawals. Crypto withdrawals are typically processed within minutes or a few hours. \- \*\*Instant Buy & Send\*\*: For crypto deposits or purchases, you can withdraw almost immediately without prolonged settlement periods. 4. \*\*Crypto.com\*\*: \- \*\*Features\*\*: Crypto deposits can be withdrawn quickly once they settle on the blockchain. However, fiat withdrawals can take 1–3 days. \- \*\*Note\*\*: Ensure the recipient address is whitelisted, as it requires a 24-hour wait if it’s new. 5. \*\*KuCoin\*\*: \- \*\*Features\*\*: Crypto withdrawals are processed quickly. It’s ideal for crypto-to-crypto trades and transferring funds to decentralized wallets. \- \*\*Limitations\*\*: Fiat services are limited, so you might need to start with crypto. \### \*\*Options for Faster Fiat-to-Crypto Transfers\*\* If you're transferring from fiat to crypto and then to your wallet: \- \*\*MoonPay or Ramp (Third-Party Services)\*\*: \- Buy crypto directly with fiat and send it directly to your wallet. These services often bypass traditional exchanges entirely. \- \*\*Instant ACH Transfers\*\*: \- Coinbase and Gemini offer instant ACH purchases in certain regions, allowing you to use the funds immediately for crypto purchases and withdrawals. \### \*\*Tips for Fast Execution\*\*: 1. \*\*Pre-Fund Your Wallet\*\*: \- If possible, fund your decentralized wallet now to avoid last-minute delays. 2. \*\*Use Stablecoins\*\*: \- Purchase stablecoins (like USDT, USDC) on a fast-settlement exchange, then transfer them directly to your wallet. 3. \*\*Choose Crypto Over Fiat Transfers\*\*: \- Crypto transfers settle much faster than fiat withdrawals and can be sent directly to your wallet for use.

CEJnky

I have been using Swan for a couple of years. Never had any issues but they have now changed custodians 3 times and the mass layoffs at their company a few months ago are concerning. I like supporting a bitcoin only company and I intend to keep using them but I withdraw my bitcoin as soon as the ACH clears (5-10 days). I do not store my bitcoin with them - NYKNYC. Also would add that they have been very responsive whenever I’ve had questions for them.

tdsuperbro15

IO.net, very promising ai crypto and ACH, literally needed for newbies to start buying in

zigzag123456789

Look into ACH. They have pretty nice applications.

JamesScotlandBruce

We use chaps in the UK as pretty much the default. It is same day clearance. US uses ACH as default that does take a few days. I think anyway

Dangerous_Refuse9444

Wire transfers are a different network than ACH. They clear almost immediately.

SmoothGoing

It's pretty standard for bank ACH to take several business days. It's not really even their choice, that's how banking works.

JerryLeeDog

It’s free Bitcoin so no brainer. I’ve made like $4-5k over a few years And you can get Bitcoin back for paying rent or mortgage using ACH payments.

winterbird93

this is kind of nerdy but my fav thing about the bull run and alt season is everyone talking about the future of BTC and crypto. Not the current price in USD but the actual use of it. I can’t wait until banks use crypto for transfers instead of the archaic process of transferring via ACH and wire. It will simplify so many things.

winterbird93

this is kind of nerdy but my fav thing about the bull run is everyone talking about the future of BTC and crypto. Not the price but the actual use of crypto. I can’t wait until banks use crypto for transfers instead of the archaic process of transferring via ACH and wire. It will simplify so many things.

fan_of_hakiksexydays

You think a bank transfer to the other side of the world is easier and more secure than a crypto transfer? Let's break down the facts here: \-If you use a bank, you need to open a bank account, which requires paperwork and can take a couple of days to be approved. And you need someone to approve it. Then you download the app, setup the passwords, setup the account with your name, address etc.. If you use crypto, you don't need any approval. You download a wallet app, password it, save the seed phrase, and you're ready to go. \-To do the a bank wire, you have to complete a wire transfer form, with your name, the name of the recipient, the amount, account and routing numbers, or use an IBAN, and sometimes additional details. To send crypto, it's amount, network, paste address, then hit send. \-If you use a bank, you either need a foreign bank on the other side, use western union, or have the recipient have a bank setup. If you use crypto, the person on the other side only needs to setup a wallet. \-If you are using a bank, it takes 24-48 hours for the recipient to receive the funds. With crypto, it can be 20 minutes for the highest level of security and decentralization, to instantaneous. \-If you use a bank, a wire fee is between $15 to $50. It can be $0, but the recipient will have to be in the same country and with a bank in the ACH network. With crypto it can be $6 to $0. And at $0, you can sent it anywhere in the world, there's no restrictions. \-With a bank, it's security is much more vulnerable to hacks and identity theft, or bank mistakes. They use multiple networks and banks for the transfer, creating more points of weakness in your transaction. Banks aren't that safe, and have problems every year. They instead rely more on insurance. With crypto it's direct from wallet to blockchain to wallet. And the blockchain in between has a higher level of encryption and security. That's one of the strength of a solid crypto over a bank wire. And that's why something like Bitcoin hasn't had a hack or any security breach in 15 years. Something that can't be said of banks.

nyaaaa

Is the interest worth the monthly ACH fees?

Kizarokun

Alchemy Pay $ACH. Undervalued compared to what they are doing. Look at all the partnerships, global licenses and their ecosystem. Launching Alchemy Chain soon using $ACH or fiat as gas fees. DYOR

longfaceguru

Yeah I know that as that’s how it usually Is for myself // what I mean is, after the ACH transfer has settled, do you then transfer to your wallet right away

AfraidToDie3445

When I transfer funds to the exchange, They'll credit my account immediately and let me buy crypto. I can't send the funds until the ACH has been settled

longfaceguru

I too use ACH option … so you transfer to your wallet right away??

AfraidToDie3445

I usually just transfer the funds when I'm allowed to withdraw them I have to wait for a bit because I transfer the funds from my bank to the exchange using ACH. It's straightforward

LatinumGirlOnRisa

Coinbase has an instant cash withdrawal option if you withdraw to your bank Visa debit card. I'm not sure about MasterCard debit card. they added an instant withdrawal for checking accounts awhile ago but I don't trust there won't be a delay on either institutions' side esp. esp. if banks treat it like an ACH transfer which takes 3 to 5 business days..otherwise you can do a regular ACH withdrawal if you don't mind waiting. and in 3 years maybe? instant withdrawal to my card wasn't available & my advice?: instant withdrawal to a debit card normally works 7 days a week 24 hours a day. but if you can help it don't wait until a Friday or a weekend day to do this. and always check the site status before doing transactions. hope this helps!🙂

Kizarokun

Alchemy Pay $ACH. Look at all the partnerships, global licenses and their ecosystem. Launching Alchemy Chain soon using $ACH or fiat as gas fees. DYOR

Disastrous_Champion5

Alchemy Pay , ACH real case use and still far away form this year ath

KlearCat

> Using bitcoin without layer 2? You do realize that USD uses layer 2 almost every transaction. Credit card, check, debit card, Venmo, wire, ACH, etc. are ALL layer 2. How often do people actually use layer 1 USD aka cash?

NiacinNights

ACH limits (Instant Buy) are determined by purchase history, with a $50,000 maximum limit for longstanding members. Wire transfers (Convert Now) have no limit. However, once funds are settled, there is a $100,000 per buy limit (unless you sign up for Swan Private), but these can be executed back to back to back.

RatherOakyAfterbirth

Withdrawal by ACH on Coinbase may not be available in the UK due to regulatory requirements. But I’m not in the UK so can’t say for sure. I just know that when I tried to use Binance I couldn’t use ACH because of regulatory requirements where I live. Wire transfer was my only option. 

ThisNameDoesntCheck

I did hear about that, also a way to withdraw by an ACH method But I don't see any such option

MiguelLancaster

do an ACH transfer, you'll have no issue

BlazingPalm

Check out the Fold app/company. It’s quickly evolving to be a hybrid USD debit/checking account with account/routing #’s for ACH transactions and a BTC wallet you can buy, DCA, receive and sell BTC to top up your usd account. Plus solid BTC spending rewards (1.5% BTC back from restaurants) and gift cards available for even higher % BTC back. It’s really come into its own lately. DM me for sign up bonus - you get 20,000 sats if you follow thru, I get 10,000 sats. LFG!

hutulci

Anyone can send you an SMS with a custom display name of their choice. Never message or call back, especially if you didn't initiate any procedure and the contact provided in the SMS is not officially listed. You were lucky that the number was simply unavailable, it could have been a paid number or they could have tricked you into giving out your credentials. This applies to ANYTHING, not just exchanges. It's Internet 101. As for exchanges, do not give them credit card information or anything that could be used to drain your bank account: strictly fund them making deposits (SEPA in EU; ACH or wire transfer elsewhere)... And as soon as you get your coins (or as soon as you reach an amount that you would really regret having stolen), withdraw! You don't need to worry about scammers trying to break into your exchange account if it is already empty.

Stoebner

Alchemy Pay (ACH)

ZombieDracula

ACH will eventually pop from .02 cents it is now to .30-40 range.  It's a payment processing token for visa and Mastercard conversions in Asia.  Be patient with it and you'll be very happy with its performance. It's 16% of my portfolio.

Hil81

Hi all,  I just have a short question about my wallet. I have been holding it for a long time, and this are the coints I have. Should I drop (in your opinion, no financial advice) one or to, or should I add something asap? If I want to change something, this is the time before it explodes.... Thanks! My wallet: Bitcoin - BTC RENDER VeChain - VET VeThor Token - VTHO Alchemy Pay - ACH Reserve Rights - RSR Arbitrum - ARB Shiba Inu - SHIB FLOKI

deviantgoober

My money is on you being the problem for not RTFM and following directions. Kraken is beyond insanely good with support. If your name on your Kraken account and bank account.... transfer aint gonna go through. If you forgot to add the Kraken account number in the bank transfer metadata... transfer aint gonna go through. If you used the wrong bank transfer type for the amount you were sending their bank receiver (ACH vs wire).... transfer aint gonna go through. If you use a cc or check, it can take up to 10 days to clear before its available for use. This is all standard and expected stuff. So which one did you mess up :-) .

HollowVoices

ACH would be the dream.

Assist_Lumpy

Fold app. -It is a debit card that gives you cash back in BTC. - you can buy, sell and transfer BTC on and off the app - you can convert BTC to cash for your debit card - you can buy gift cards for high % back 2-10% in BTC with cash or BTC. - pay credit card bills through PayPal bill pay or ACH and get 0.25-0.5% back on the payments. It's a great way to stack sats and bridge usd to BTC for everyday use as well. There is a paid tier vs free tier 100$/year or 10$/month I think it's completely worth it. -Paid gets you no fees on buy, sell, transfer ( normally 1%) - ACH bill pay cash back -no international fees - no ATM fees -0.5% cash back on all purchases that don't have a category and 1.5% back on categories ( gas, groceries , gaming etc) The site is Foldapp just Google it you'll find it I have a referral link if you want 20k sat sign up bonus just hit me up I can't post link. Stay safe and stack sats

Dazzling_Marzipan474

Use ACH to deposit and use Coinbase Advanced. Or even better use Kraken Pro and ACH deposit

JuxtaposeLife

Fwiw... If you're in the US, I just went through similar research, and found Kraken to be the best. Because of ACH limits and the size of BTC I wanted to buy before election, I also used Coinbase secondarily, but the fees were about 0.6% there (twice what Kraken charged). On both of them I was able to get setup to buy within 10-15min max. Cold storage is the way to go. I went with Jade.

irisuniverse

If you are setting some aside to take profits in the bull market, it’s much easier to sell ETF shares. I have both cold wallet bitcoin and ETF shares. If I wanted to sell some, for the cold wallet I’d have to access it, send to an exchange, wait for confirmations, sell, then ACH back to my bank to access the funds. With ETFs, I go into my broker app and in 2 minutes (during market hours) I can sell without any delay.

Legitimate-Ad-6385

I've read many made up posts about coinbase and problems. I'm sure there are people having issues but I refuse to believe a reddit account that's a month old with negative karma got 100k stolen by coinbase. That being said, I have been using them consistently for 3 years. Never had a hold on my account. Was never not able to withdraw. If you transfer money by ACH, there is a hold on transferring the funds out but thats an ACH thing, not a coinbase thing because the funds aren't settled yet. Same applies for stock brokerage accounts.

DeoManus

I withdrew around $200k in 2020 from Coinbase to Chase via simple ACH (a very abnormal sum for me, I usually only had maybe less than $5k in there at a time) without even thinking about possible issues, and had no problem - they never contacted me or held it up or asked any questions. it is an account I'd had open for 25+ years if that makes any difference.

StatisticalMan

Depends on what you mean by a large amount. I sold and withdrew $180,000 a few years ago. This year did it again for $210,000. Zero issues. For your own sanity use a bank wire not ACH. Bank wires should clear quickly. If you are talking 7 or 8 figures then yeah I have no idea. I agree with others splitting it up only makes it look like you are hiding something. The computers will flag that and depending on how concerned the bank is either temporarily freeze the account or close it outright.

DrXaos

Use a wire transfer not ACH. Wire transfers should be fully good funds and settled quickly.