Instant Bitcoin Transfers Come To Coinbase

By PYMNTS | July 12, 2013

Online bitcoin exchange Coinbase announced on July 12 that it will offer instant transactions to users who verify their identity with the site, TechCrunch reported. Verified users will have their transactions processed immediately, and can buy and sell up to 50 BTC at once.

The company said this process would require that users answer public data questions, such as those asked by traditional banks and credit card companies.

Unverified users currently have to wait four business days for transactions to complete.

Read the full report here.