Coinbase opens instant bitcoin transfers for verified customers
The bitcoin wallet platform Coinbase has now enabled instant bitcoin purchases. Users will have to undergo identity verification, which will unlock instant transfer and larger transaction limits. Coinbase is still limited to the US only, but this move brings it into closer competition with the BitInstant exchange. Coinbase imposes transaction limits via so-called user levels. Level 2 accounts have the highest transaction limits. However, as a part of the new instant transfer facility, Coinbase says it has set all users at level 1, and it will require identity verification before anyone can....
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Coinbase announced today it has enabled USD wallets for its customers in 16 US jurisdictions, allowing those users to store dollar balances and make instant bitcoin purchases without waiting for bank transfers. US-based customers now have the same option to store fiat currency that Coinbase customers in 13 eurozone countries have enjoyed since September, when it expanded bitcoin buying and selling beyond the US for the first time. The company posted on its blog that the only way US customers could previously acquire bitcoin without delay was to enable 'instant buy', which requires a credit....
As of July 29, Coinbase will no longer be servicing its Canadian customers, informing them that they must change their existing CAD balances to Bitcoin or have it relocated to their bank account. The San Francisco-based company, who is a leading Bitcoin exchange, sent out an email to its customers informing them of the upcoming changes. It will further add to the woes of Canadians who haven’t had a great year when it comes to Bitcoin exchanges offering them services. Coinbase stated in an email that: As of August 1, Coinbase’s Canadian payments provider, Vogogo, will be shutting down its....
Coinbase has announced customers across 26 countries can buy bitcoin "instantly" from today. Previously, users could top up their accounts via bank transfer, however the exchange now supports 3D Secure credit and debit cards - having trialled the technology in the UK and Spain. In a blog post, the company stated: "Since credit and debit cards will not require a customer to pre-fund their Coinbase account with a bank transfer, customers can now receive bitcoin much faster." Visa's 3D Secure protocol, which requires users to verify their identity via password, is supported by most banks in....
Coinbase has announced the launch of its Instant Exchange, which will allow users to buy and sell bitcoin whilst protecting them against the digital currency's price volatility. Users with euro, dollar or pound Coinbase accounts will be able to purchase or sell bitcoin directly on the company's website. Once their instant buy or sell order has been executed, the funds will be withdrawn from or credited to the users' local currency wallet. Coinbase said in a blog post:
Brian Armstrong from Coinbase today made an announcement on Reddit with some changes Coinbase will be implementing on instant bitcoin buys on the website. Originally, Coinbase has set the instant buy limit to 10 bitcoins per day. Now that the demand for bitcoin has increased exponentially, Coinbase will be reducing that limit to 1 bitcoin per day for level 2 accounts, and 0.1 bitcoins per day on level 1 accounts (accounts are measured by level depending on how much personal information has been supplied to verify one's identity). For traditional purchasing, the same limits have been kept....