Coinbase Reduces Instant Buy Limit For Level 1 and 2 Accounts
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....
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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....
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 Once their instant buy or sell order has been executed, the funds will be withdrawn from or credited to the users' local currency wallet.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:
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San Francisco-based Coinbase is looking to up the ante when it comes to being bitcoin users' favorite wallet provider. Perhaps feeling pressure from Circle over on the East coast, Coinbase on Monday introduced a little something they're calling USD wallets. Initially available to clients residing in the states highlighted below (and listed at the bottom of this article), USD wallets will open the door to new possibilities when it comes to holding, acquiring, and selling bitcoin on the Coinbase service. Users are able to deposit their United States dollars into their Coinbase accounts and....
Coinbase, a popular Bitcoin exchange and online wallet provider, has announced the launch of its Instant Exchange. This new service will allow Coinbase users to send and receive Bitcoin payments instantly. Coinbase says that the Instant Exchange will protect people from Bitcoin price volatility, since they will be able to complete transactions so quickly. From Coinbase’s official announcement: “Coinbase has long offered merchants the ability to automatically convert received bitcoin into their local currency, and now Instant Exchange is available to anyone with a local currency wallet.”....