27 Oct '12, 3am

Coinbase Links #Bitcoin To Your Bank Account

Coinbase Links #Bitcoin To Your Bank Account

Coinbase Links Bitcoin To Your Bank Account Coinbase, the Bitcoin startup that aims to make Bitcoin as easy to use as PayPal, just took a big step closer to reaching their goal. Just launched is Coinbase’s “linked bank account ” feature which provides an easy way for those in the U.S. to buy bitcoins and have the funds come directly from a linked bank account. Additionally, proceeds from cashing out bitcoins are paid out directly as an ACH/direct deposit bank transfer. This is not the first link between the ACH banking network used in the U.S. and bitcoin exchanges, but this is the first to provide buying power instantly without having to wait for the funds to first transfer. The coins that are purchased cannot be withdrawn until the bank transfer completes but the price paid is locked in at the time of purchase. There are two methods for linking a bank account: The “insta...

Full article: http://www.bitcoinmoney.com/post/34370468102/coinbase-ban...

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