In a recent blog post, the popular Bitcoin exchange Gemini has announced that they’ve just made the process of depositing bitcoin much faster. To compensate for the change, they’re also making depositing dollars faster as well.
Based on this, the Winklevoss twins have introduced a new feature, known by the name of Instant ACH, meant to allow customers to quickly deposit US dollars for trading.
The process behind it is quite simple. Users start things off by initiating an instant ACH deposit, which is then immediately available for trade. Once this happens, customers can either purchase or sell BTC- however, they will not be able to withdraw the bitcoin purchased immediately. This is doable 4-5 business days later, once the initial ACH deposit clears.
The main idea behind the change is to allow users to trade bitcoin whenever the price is in their favour, without having to wait prior to making the trade. The Instant ACH feature allows for quicker trades, and brings in more convenience to traders. In the long run, it is expected to help bitcoin traders earn more money, by allowing them to trade whenever they wish.
Based on everything that has been outlined so far, what do you personally think about the newest Gemini exchange feature? Let us know your thoughts in the comment section below.
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