What is Buy Bitcoin?
Buy Bitcoin lets you buy bitcoin instantly. It provides a price quote for bitcoin that is locked in when a purchase is made. This works by Coinbits advancing funds from an account that is used only for this type of transaction. Funds are then debited from your payment method. This usually takes a few days to clear.
Is there a limit to how much bitcoin can be purchase using Buy Bitcoin?
Your daily purchase limit depends on your history with us, and generally increases over time.
If the cash transfer from your payment method fails to clear, we will debit the purchased bitcoin from your Coinbits account.
After purchase, how long before the bitcoin can be cashed out or send out of Coinbits?
Bitcoin is locked in your account for fourteen days, during which time you cannot cash it out or send it out of Coinbits. This limitation helps prevent fraud and keep our fees low.