Coinbase users in the US can now buy Bitcoin with debit cards

New option: Coinbase users can buy Bitcoin with debit cards. — AFP Relaxnews

Users of Coinbase in the US will be able to purchase Bitcoin using their debit cards.

Until now, the bitcoin wallet and exchange company required users to connect their US bank accounts to their Coinbase accounts, verify with a small double-deposit and then wait up to five days.

Now, as was announced in a tweet Coinbase, users are able to make instant purchases with their debit cards, creating a more streamlined process.

There is, however, a 3.75% fee for using a debit card, as opposed to the 1% banking fee. There is also a daily purchase limit of US$250 (RM978) worth of bitcoin compared to the $10,000 (RM39,120) limit via a banking institution. —  AFP Relaxnews


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