Coinbase supports instant purchase of Bitcoin with debit cards, netizens complain that transaction fees are too high

Users who have experienced the Coinbase exchange should know that buying Bitcoin on this Bitcoin trading platform is actually a very troublesome thing.

In the early days, you needed to connect to your US bank account and make two small deposits to get verified, which took up to five days. Later, the company added an instant buy feature (allowing you to receive Bitcoin instantly), but this required you to have a credit card linked to your account as a backup payment method.

But today, that has finally changed, as the company has announced that all users in the United States can instantly buy Bitcoin with a debit card.

This is a very significant matter, as more and more consumers in the United States rely solely on debit cards. In addition, the original 3-5 days of verification time has caused many consumers to avoid the Coinbase platform and choose companies like Circle instead.

However, it should be noted that users who use debit cards need to pay Coinbase a 3.75% fee, compared to only 1% for bank accounts. In addition, the company also requires all users who use debit cards to verify their identity before making their first purchase.

Another drawback is that users can only buy Bitcoin up to 250美元a day using a debit card, while bank accounts allow transactions 10000美元a day.

In addition, the company also stated that the feature will be launched in other countries and regions soon.