Tuesday, August 7, 2018

Coinbase allowing larger deposits, and the ability to buy coins before deposit funds settle...

One annoyance seen posted about often in cryptocurrency forums is the wait time between a bank deposit, and being able to actually spend those funds (typically 5 days) with CoinBase.

Today the company announced that will change, in an announcement on their blog Coinbase explains:

"Today we’re announcing immediate trading and significantly higher default limits for Coinbase accounts. Starting today, we are rolling out the ability to trade cryptocurrency immediately after a purchase — no more waiting five days for funds to settle. Most customers will also see their trading limits increased to $25,000 per day. This functionality will be available for US customers over the next few weeks."

The changes will officially take place within the next few weeks.

Author: Justin Derbek
New York News Desk