COINBASE - instant purchases for Bitcoin Ethereum Litecoin (BTC - ETH - LTC)- October 12, 2017
Coinbase announced today, that for US customers (or the people with US bank account) they will be able to instant purchase Bitcoin, Ethereum and Litecoin.
It is a fresh service that has been added to their service. Instead of current 3-5 days waiting time, now it is instant.
We are excited to announce the ability for customers to instantly purchase digital currency using a US bank account. Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Customers can now buy up to $25,000* and receive access to their digital currency immediately.
Announcement was made from David Farmer - Director of Comms Coinbase,
source here: Announcing instant bitcoin, ethereum and litecoin purchases on Coinbase
They also specify there that:
Note: maximum instant purchase limit is $25,000. Individual limits may vary.
It sounds nice. It would be great if it will work in other places too and for more countries.
From other source:
For now,
Coinbase won’t be placing any holds on instantly purchased cryptocurrency, meaning a user will be able to buy bitcoin and transfer it off exchange before the ACH withdraw is actually completed.
And that this option will be for
~15,000 users, with “all eligible” U.S.-based customers getting it by the end of the year.
And there it will be a criteria for selecting a good customer eligible for that. So for old users, from their good habits and history over time. This may be some things took in consideration for an eligible account.
source for last quotes: Coinbase is launching instant purchases and ditching the 3-5 day wait period – TechCrunch
Being fresh, will love to hear opinions by the people who use it and if it's already works.
We'll see if they will do that for other countries. They are limited just to some now.
If you don't have an account there you can make one here:
make a Coinbase account
You should also know that you have a chance to make $10 from inviting friends.
Yes, they do give that option ;-)
Other sources:
Till next time,
Cheers and good steemit time!
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FRANCE - Closer to an official position regarding ICOs and Bitcoin - October 9, 2017 — Steemit
Bitcoin news - SEC Cyber Unit - China Ban - Japan's Surveillance / September 26, 2017 — Steemit
Amazon will accept bitcoin in october 2017? - I think not yet! — Steemit
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COINBASE - instant purchases for Bitcoin Ethereum Litecoin (BTC - ETH - LTC)- October 12, 2017
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Do you think they will do it with other cryptocurrency as well? Like Steemit?
They only have that three coins.
BTC - ETH - LTC
Also don't think they will add more. I believe they want to appear to be the most regulated and stable ones.
So they will not want to enter in "dangerous" waters like other ones.
Who knows... it's my opinion from what i see lately.
They had a big pump of money somewhere in august this year:
source: $100 Million: Coinbase Raises Biggest-Ever Round for Bitcoin Startup - CoinDesk
So... they have lot of money and don't think they care to go beyond that trio if they want to be there in the long term.
But in crypto world, who knows for sure what will be next in this moments.
Maybe after few more years will have a start for some quiet waters and a more stable market not as volatile as today.
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Thanks for this, will be interesting to see how it plays out
I would definitely try to buy through GDAX if you can - sister exchange to coinbase, same login etc, but lower fees - lots of info online
Cheers
yes i know about it.
And also heard about that fees "deduction" ;-). Its normal if its theirs.
But my country is not allowed... ;-(
I have an account but for now can't do much there.
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Amazing news ...keep giving us more
I hope i can today. There are so many of them.