Bitcoin Forum
November 13, 2024, 09:52:38 AM *
News: Check out the artwork 1Dq created to commemorate this forum's 15th anniversary
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Coinbase instant buy disabled/removed  (Read 2071 times)
BitcoinWalker (OP)
Full Member
***
Offline Offline

Activity: 127
Merit: 100


$Gangnam works hard, so you don't have to.


View Profile WWW
December 09, 2013, 09:01:19 AM
 #1

As of today, the instant buy option 10 BTC/week for level 2 verified customers who also added a Visa credit card to their accounts is no longer showing up on their accounts. This move could mean the end for instant buy of whatever BTC amount for whatever level verification on Coinbase.

Investing with style!
 
31337157
Member
**
Offline Offline

Activity: 111
Merit: 10



View Profile
December 09, 2013, 10:48:32 AM
 #2

I noticed this as well, big bummer. I'm guessing they have been having trouble with stolen info being used as Brian had addressed the SF Bitcoin Meetup saying they have been getting a lot of scam traffic/stolen bank info lately from all around the world.
BitcoinWalker (OP)
Full Member
***
Offline Offline

Activity: 127
Merit: 100


$Gangnam works hard, so you don't have to.


View Profile WWW
December 09, 2013, 11:15:40 AM
 #3

Instant buy is clearly a very attractive thing for both legitimate users and online thieves. Removing it could have a strong effect on Coinbase though.

Investing with style!
 
malaimult
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500



View Profile
December 10, 2013, 02:27:30 AM
 #4

You have 50.0 BTC remaining of your daily buy limit. View limits.

You can buy up to 10.00 BTC worth of bitcoin instantly with no waiting.

i don't know about you guys but mine is still there

malaimult
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500



View Profile
December 10, 2013, 02:28:10 AM
 #5

if they disable it, you can find it first on coinbase blog

BittBurger
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1001


View Profile
December 10, 2013, 08:26:29 AM
 #6

What they did was remove the text from the right side of the screen.

Once you begin a purchase, it tells you that you still get them instantly.

But one slight caveat - it made me wait a full 60 minutes before that "instant" BTC would leave their system when I sent it to another address.

It said the send was "Pending" for a little over an hour.   

But yes, they were immediately available.  I noticed the text was missing.

Owner: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
View it on the Blockchain | Genesis Block Newspaper Copies
RealT
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
December 18, 2013, 04:23:12 PM
 #7

Did they also disable their "instant verification" option that allows you to provide your banking password (not just your account and routing number) so that they can make a deposit and instantly verify it (not have to wait 2-3 days for the microdeposit)?
Thanks
MtFox
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
December 19, 2013, 03:15:57 AM
 #8

Did they also disable their "instant verification" option that allows you to provide your banking password (not just your account and routing number) so that they can make a deposit and instantly verify it (not have to wait 2-3 days for the microdeposit)?
Thanks
Not every bank supports their instant verification option. People having a bank account with Wells Fargo may take this shortcut I think.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!