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Cryptocurrency's Coinbase startup will increase its daily purchase limits and allow "instant" trading as a result of bank transfers from the user, announced Tuesday.
Currently, according to the start, customers have to wait five days for the liquidation of these funds. . But this is about to change, with Coinbase's reasoning that "when someone makes the decision to sign up, they do not want to wait days before they can start buying cryptocurrency."
Coinbase continued to notice:
"While we support instant transfers by bank transfer and debit cards, purchases by direct debit from your bank account can take days. With this update, customers will receive immediate credit for funds sent from your bank account and immediately sell encryption to and from their USD portfolio, but you can not send their funds from the Coinbase platform until funds from their bank have settled. "
Daily purchase limits they were raised to $ 25,000, according to Coinbase, although only customers who have completed the site's identity verification process will have access to these changes. Coinbase is still adding these changes to its non-US customers.
A Coinbase spokesperson told CoinDesk that "these improvements are based on our history [six] to focus entirely on cryptocurrency and the creation of the most reliable, world-class cryptocurrency exchange."
"We focused on the creation of a state-of-the-art fraud detection system based on machine learning and, in the last year, we have made significant improvements to our systems which helps us to balance a good user experience with the prevention of losses due to fraud, "said the representative.
The news came just minutes before Coinbase announced the launch of ethereum classic on Coinbase Pro. The launch will be in four phases – transfer only, post only, limit and full trading – according to a blog post.
Editor's Note: This article has been updated.
Image via Shutterstock
The leader in blockchain news, CoinDesk is a source of information that fights for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of the Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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