Coinbase Warns Users of Card Issuers Changing MCC Code

Coinbase stated that the changes to the MCC code for cryptocurrency purchases can result in credit companies charging higher fees for transactions
01 February 2018   1109

As it is reported by Techvoid, on January 1 Coinbase cryptocurrency exchange sent emails to its users this morning warning them about credit card companies which are changing MCC code. MCC code is ususally used to classify the business by the type of goods or services it provides.

Coinbase email
Coinbase email regarding MCC code

Coinbase stated that the changes may affect the cost of purchasing cryptocurrency with credit cards, setting it higher than it used to be. The number of major credit card issuers has changed the MCC code, which will increase the fees, and Coinbase warned users that those fees are not collected by Coinbase itself.

Moreover, Coinbase recommended its users to switch to the bank account or debit card so as to avoid the high fees for transactions.

Coinbase to Launch Services for Newbie Traders

Coinbase Bundle, Coinbase Asset Pages and Coinbase Learn are designed to "help people understand, explore, and buy their first cryptocurrency"
28 September 2018   371

The leading US cryptocurrency exchange Coinbase, has introduced several services for novice users.

Coinbase Bundle allows to invest in several crypto assets, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. At the same time, the specific weight of each currency in the user's portfolio is formed in accordance with the share of these assets in the market. The minimum investment in the Bundle is only $ 25.

Coinbase Bundle Service
Coinbase Bundle Service

The update is positioned by Coinbase as a convenient tool to acquire all five of the listed cryptocurrencies without having to create a separate order for each coin.

The platform will be used by users of the platform from the US, EU countries and Great Britain. The commission for the acquisition of Bundle is 1.5%.

Also, the company introduced the Coinbase Asset Pages service, which displays information on 50 leading crypto-currencies, including their market capitalization, the current price and its changes, as well as links to relevant information sources.

Coinbase Asset Pages
Coinbase Asset Pages

Coinbase Asset Pages is available to everyone and is not limited to the user base of the company.

In addition, the company introduced the educational service Coinbase Learn, designed to familiarize users with the basics of working with crypto-currencies.