Coinbase, a leading Bitcoin exchange, has always been innovative when it comes to offering effective services for the users. Now the company has announced that it is going to provide support for the users buying Bitcoin with 3D Secure-enabled credit and debit cards. The services are however available only for the users located in the UK and Spain.
The company claims that 3D Secure enables two-factor authentication for making purchases with credit and debit cards. In the announcement the firm claims that to get started, the users just need to sign in and visit the payments method page and click “Add Credit / Debit Card” to add their card. The process has been simplified so that even new users don’t face trouble.
For instance, once the users have added an eligible card, they will be able to select this payment method from the buy page to instantly purchase Bitcoin in GBP or EUR. Nonetheless, since credit and debit cards will not require a customer to pre-fund their Coinbase account with a bank transfer, customers in the UK and Spain can now receive Bitcoin instantly.
Answering to a question how would the users know if their credit card supports 3D Secure, the company informs that 3D Secure is supported by most banks in Europe and the UK. Users can contact their bank to determine if their card supports 3D Secure, or simply try adding it to their Coinbase account. Users will get an error message if their card does not support it.
Instant Transactions without any Compromise on Security
Thus, the fundamental requirement for the users is to have a card that supports the technology as without it they won’t be able to process the payment. Nonetheless, the entire process makes for a simple and secure instant solution for users looking to acquire some Bitcoin or maybe test the waters of using the digital currency.
Coinbase, a company that has been tested over the year for its performance with regards to Bitcoin payments, was the first U.S. regulated exchange opening in January 2015 and is widely regarding as one of the most reputable exchanges for the cryptocurrency with global headquarters based out of San Francisco.
The company claims that since credit and debit cards will not require a customer to pre-fund their Coinbase account with a bank transfer, customers in the UK and Spain can now receive Bitcoin instantly without compromising their security.
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