One of the leading cryptocurrency exchanges, Coinbase, announces 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. Now, customers can buy up to $25,000 and receive access to their digital currency immediately.
Our mission is to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange. 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.
Director of Comms, Coinbase
In its turn, this is to be a welcome addition for consumers, many of whom desire to purchase Ether so they can participate in initial coin offerings (ICOs), but do not reallize that they need to plan ahead to make sure their coins are available at the start of the ICO.
As detailed by Coinbase, the instant bank purchases are live for “many customers in the US”. The company claims that it will continue to expand the availability of this feature during the coming months.