Coinbase: Buy bitcoin instantly with US debit cards

Investing | March 9, 2016 By:

Coinbase has announced the beta launch of a new product that will lead to enabling US customers to purchase bitcoin instantly via debit cards.

The new Coinbase product aims to help new users get their first bitcoin and for existing users to get bitcoin easily and quickly. The company is launching this feature to 1% of US customers and plans to roll it out gradually to 100% over the next months.

“Since there are over 5.2 billion debit cards in circulation, we’re confident this capability will make it significantly easier both for new users to get their first bitcoin, and for existing users to get bitcoin quickly,” said Coinbase.

Users can add a debit card by going to the payment methods page on Coinbase.com, or through the payment method option under settings in Coinbase’s iOS and Android apps. Once a debit card has been added, users can then go to the buy page, and instantly buy bitcoin.

Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with bitcoin.