Read more on this subject: Currencies
News Story Source: https://news.bitcoin.com
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
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