US Coinbase users can now purchase Bitcoin using debit cards
Coinbase users in the US can now purchase Bitcoins with a debit card, marking a change in the way these digital transactions are conducted. Prior to this, users had to connect their bank accounts to Coinbase accounts, apply for verification via a joint deposit before waiting for five days for this to be processed. The entire process has been streamlined with users being able to make immediate purchases with their debit cards although there are conditions attached to this. These include a daily maximum purchase limit of $250 compared to $10,000 banking limit and a 3.75% fee for using a debit card.

Coinbase

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 by Coinbase, users are able to make instant purchases with their debit cards, creating a more streamlined process. There is, however, a 3.75 percent fee for using a debit card, as opposed to the 1 percent banking fee. There is also a daily purchase limit of $250-worth of bitcoin compared to the $10,000 limit via a banking institution.