Cryptocurrency exchange from San Francisco, Coinbase will raise the daily limit for the purchase of digital currency, and will allow instant trading after the transfers from the Bank accounts of users. The company said Tuesday.
Now users of the trading platform have to wait up to five days before they can begin to manage the funds transferred to the account. The Coinbase team understands that this restriction causes inconvenience for customers. In its official statement the company wrote: “If someone decided to register, he will not want to wait another few days before starting to trade cryptocurrency”.
According to the same statement, instant transfers using debit cards on the platform is already available, however, transaction processing is sometimes several days. The renovated site users will receive instant credit in the amount of their own funds so they can immediately begin buying and selling cryptocurrencies. However for withdrawal of money from Coinbase still have to wait until the Bank transfer is completed.
The exchange also reported an increase of the daily limit for buying cryptocurrency. Now it will be $25 000. Changes will be available only for those users who has completed the process of verifying the identity.
According to a representative of Coinbase, the above changes are the result of six years of the exchange, focused on the desire to create a robust and meet the necessary requirements cryptocurrency trading platform.
“We are focused on creating a modern system of protection against fraud using machine learning. And over the past year we have significantly improved the existing system, which helps us to maintain a balance between user-friendly interface and prevention of fraudulent actions”, — said the representative of the company.
Today, the exchange also announced the addition of Ethereum cryptocurrency Classic on a platform Coinbase Pro. And two days ago about the launch of extensions for the ecommerce plugin WooCommerce, with which merchants from all over the world will be able to accept payments in the digital currency.
Recall that in July began working service for storage of digital assets Coinbase Custody, designed for institutional investors.
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