Coinbase Users Can Now Use Bank Accounts to Instantly Purchase Cryptocurrency
San Francisco-based company Coinbase just announced they will allow customers to buy bitcoin, ethereum, and litecoin instantly with bank accounts. Each customer can buy up to $25,000 with this service. Previously, people could only conduct instant purchases with debit cards. This service requires users to provide their account numbers and routing numbers. However, the service is currently only live for some people in the US.
Coinbase blog said, "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."
Coinbase decided to make this move so they could become one of the most trusted cryptocurrency exchange businesses. Their mission is to make Coinbase the safest and most secure exchange in the crypto ecosystem.
Instant purchases make it significantly easier and faster for customers to invest in the digital currency ecosystem. Reducing the time to receive digital currency has been a highly requested feature and we are pleased to provide this improved experience for our customers.