Coinbase makes it easier for verified users with instant Bitcoin transfers

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Tired of waiting four days for your Bitcoin transaction? Well, the new feature implemented by Coinbase can make transfers easier and quicker, but only if you are willing to give up a little bit of your privacy to become a verified user.

The company has announced, on their official blog, the possibility of making instant Bitcoin purchases to the north-American users who supply private information through the same kind of questions banks and credit card companies ask to their clients.

Thanks to this new feature, verified users can now buy and sell up to 50 BTC at once and get their cryptocurrency in just “a few seconds”, according to the blog post.

So, what do you have to do to become a verified user? You “will now need to complete an identity verification step to turn on instant buys”, explains the blog post. However, that can be a little tricky, since you have to remember a lot of details from the past, like the date when you bought your second car or the address you had 20 years ago, for instance. Anyway, if you can’t get it at first, just wait a day and try again.

Via techcrunch.com

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Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.

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