Categories: CryptoNews

Coinbase Enables Instant Bitcoin Purchases With Debit Cards

The company that defines itself as the easiest place to buy Bitcoins announced yesterday that they will allow US Customers to buy Bitcoins instantly using Debit Cards, the purchase is capped at $250 worth of Bitcoins per day, the company also said that more countries will follow soon. 

Coinbase is one of the leading startups in the Blockchain industry, founded in June 2012, Coinbase is a Bitcoin wallet provider and platform where merchants and consumers can transact using the Bitcoin Blockchain. They are based in San Francisco. Coinbase has 3.7 Million users, totaling 5.5 Million Bitcoin wallets and 8,000 Apps developed using Coinbase platform.

At the beginning, Coinbase offered the possibility to buy Bitcoins using traditional bank wires, but the process was painfully slow, this is where the traditional old tech financial services clash with Bitcoin’s fast, secure platform. Buying Bitcoins could take up to 1 week while the bank wires went through.

Related Post

The company later introduced instant Bitcoin purchases, but your account had to be linked with a credit card, however, yesterday the company announced that they would also enable instant Bitcoin purchases using debit cards. There is an increasing amount of debit card users in the USA, Coinbase will allow those users to buy Bitcoins with a 3.75% fee, in this early phase, only $250 worth of Bitcoins per day may be purchased, users will need to verify their identity before making any debit card purchase.

The daily limit for bank account Bitcoin’s purchases is still $10,000. Coinbase has plans to expand this new feature to more countries soon. In the last summer, Coinbase allowed European customers to buy Bitcoins using their debit cards, the company surely has had enough time to test this new feature, so now they are implementing it on the USA market.

If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

Eduardo Gómez

Eduardo Gómez is a Computer Science Major from Venezuela, a country with a loyal Bitcoin user base. He discovered Bitcoin in 2012 and now he use it to escape the triple-digit inflation that Venezuela suffers, he is focusing on developing a writing career, and he tries to keep up with the news in FinTech and Blockchain Technologies.

Share
Published by
Eduardo Gómez

Recent Posts

SOL Market Cap Hits $100 Billion as Possible Infinaeon Long-Term Price Targets Surge

The SOL price has surged to well over $200 as its market capitalization exceeded $100…

3 hours ago

Binance Coin Whales Reap Big Profits as Polkadot Struggles; A New Crypto Presale Is Dominating Investor Attention

BNB is already flashing signs of a bearish sentiment despite launching a new stablecoin while…

5 hours ago

Three Crypto That Surprised The Market: Rollblock, Cardano, and XRP

The crypto market is no stranger to unexpected twists. However, the recent performances of Rollblock,…

5 hours ago

As Bonk (BONK) and Pepe (PEPE) Shine, Rollblock (RBLK) Captures the Market’s Attention With Upcoming Reveal

Meme coins are back with a bang and are as insanely volatile as ever! Bonk…

5 hours ago

2024’s Top 9 Crypto Staking Platforms to Make Passive Income

Staking has become one of the most effortless ways to generate passive income in the…

8 hours ago

Qubetics, Algorand, and Near Protocol: Best Cryptos to Buy in November 2024

Qubetics, Algorand, and Near Protocol: The Best Cryptos to Buy in November 2024—Which One Is…

19 hours ago