Coinbase users can soon buy Bitcoin directly from their bank accounts

The popular San Francisco-based cryptocurrency exchange, Coinbase, recently announced via their blog that users will now be able to purchase cryptocurrencies directly from their US bank account.

Up until recently, users were subject to a waiting period of several days before getting access to cryptocurrencies bought via their bank accounts. Coinbase’s new feature will allow users to buy major cryptocurrencies below the value of $25,000, with immediate access to the currency.

Coinbase has stated several times that they strive to be the safest and most secure cryptocurrency exchanging platform in the industry. According to Coinbase, this new feature further cements their position as the most trusted cryptocurrency exchange feature.

In their blog post, they confirmed that the instant nature of their latest feature will make it increasingly easier and quicker for users to get a foot in the door in cryptocurrency investing. Users have been requesting quicker transaction times, and Coinbase is the first to provide a less time-consuming option.

Coinbase’s latest feature has the ability to encourage even more enthusiasm in an industry already consumed with fervor. Bitcoin prices have reached record highs during last month and are predicted to surpass $6,000 per BTC before the end of 2017. Coinbase is already the US’s largest trading platform. The easier and quicker transaction option could influence the bitcoin price to reach even bigger heights.

This feature is already live for all US users. Coinbase has also confirmed that they aim to extend this feature to other countries within the next few months. According to their blog, Coinbase stated that users will receive an email notification as soon as direct bank account transactions are available in their region. While the purchase limit is generally $25 000, this amount could differ between users.