Coinbase already makes instant purchases using its bank accounts

 At the moment the feature is available only to customers residing in the United States, although the Coinbase team has promised to expand availability in the coming months.***

One of the largest exchanges in the Cryptost Coins industry, Coinbase , has announced that it has removed its controversial policy of holding buyers to receive their crypto. In a blog post , company communications director David Farmer explained that numerous customers in the United States, accustomed to financing purchases directly from their bank accounts, will now receive their currency instantly.

In Farmer's words: 

 

We are very pleased to announce that our customers will be able to instantly buy their digital coins using a US bank account. And it is that, before, the users had to wait several days until at last they received their assets. Now they can buy up to $ 25,000 and receive access to their money immediately. "

That period of waiting described by Farmer was due to the lack of guarantees regarding the existence of the funds that the clients said to have in their bank accounts. Meanwhile, Zach Abrams, another of the exchange's representatives , reported on how the company has been working to make instant new purchases possible. According to Abrams:

Coinbase employs proprietary fraud prevention systems developed over the last 5 years to determine how this immediate buying characteristic should reach the customer groups, and if users with access to it, who do not have the necessary balance in their bank account, have a good shopping history. "

 Although the company had offered an instant option to negotiate on GDAX , several customers felt that the platform was complex and daunting; In addition, although purchases through this exchange are immediate, user accounts still have to be financed in advance and this process can take many days.

While Coinbase's latest announcement will excite users who want to trade informally, it should not be forgotten that it will also ease the frustration of having blocked funds for several days. This was a constant complaint from users for a long time, as they bought cryptones to see how the value went down without them being able to do anything about it, like selling them quickly before the small losses would turn into huge losses. 

Fuente: https://goo.gl/LVk2Vr