Is the value of Ethereum on Coinbase determined at the time of ACH or after the transaction is complete?
Ganesh ReddyNov 30, 2021 · 3 years ago5 answers
When trading Ethereum on Coinbase, is the value of the cryptocurrency determined at the time of ACH (Automated Clearing House) or is it determined after the transaction is complete? How does this process work and what factors influence the final value?
5 answers
- Nov 30, 2021 · 3 years agoThe value of Ethereum on Coinbase is determined at the time of ACH. When you initiate a transaction to buy or sell Ethereum, Coinbase checks the current market price and reserves the funds in your account. However, the actual execution of the transaction may take some time, depending on network congestion and other factors. During this time, the value of Ethereum may fluctuate, but the price at the time of ACH will be used to determine the final value of the transaction.
- Nov 30, 2021 · 3 years agoThe value of Ethereum on Coinbase is determined after the transaction is complete. When you place an order to buy or sell Ethereum, Coinbase matches your order with other users on their platform. Once the transaction is executed, the value of Ethereum is calculated based on the market price at that moment. This ensures that you receive the most accurate value for your transaction.
- Nov 30, 2021 · 3 years agoWhen trading Ethereum on Coinbase, the value of the cryptocurrency is determined at the time of ACH. This means that the price you see at the time of initiating the transaction will be used to calculate the final value. However, it's important to note that the execution of the transaction may take some time, especially during periods of high network congestion. Therefore, there might be a slight difference between the initial value and the final value due to market fluctuations during this time. It's always a good idea to double-check the transaction details before confirming.
- Nov 30, 2021 · 3 years agoThe value of Ethereum on Coinbase is determined at the time of ACH. Coinbase uses real-time market data to calculate the value of Ethereum for each transaction. This ensures that you receive the most up-to-date and accurate value for your trades. However, it's important to keep in mind that market conditions can change rapidly, so there might be a slight difference between the initial value and the final value of your transaction.
- Nov 30, 2021 · 3 years agoAt BYDFi, the value of Ethereum on Coinbase is determined at the time of ACH. Our platform utilizes Coinbase's API to fetch the current market price of Ethereum and uses that value to calculate the final value of the transaction. This ensures that our users get the most accurate value for their trades. However, it's worth noting that market conditions can change rapidly, so there might be a slight difference between the initial value and the final value due to market fluctuations during the transaction process.
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