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Abhimanyu Ghoshal
Managing EditorAbhimanyu is TNW's Managing Editor, and is all about personal devices, Asia's tech ecosystem, as well as the intersection of technology and Abhimanyu is TNW's Managing Editor, and is all about personal devices, Asia's tech ecosystem, as well as the intersection of technology and culture. Hit him up on Twitter, or write in: [email protected].
Bitcoin wallet service Coinbase announced that it’s launching Instant Exchange, which allows users to buy and sell the cryptocurrency while protecting them from its price fluctuations.
Prior to launch of this feature, purchasing Bitcoin on Coinbase would take between three and four days for US customers, as the company relied on the ACH bank transfer system to clear payments.
Instant Exchange is available for users with USD, EUR and GBP wallets. Once you’ve ordered Bitcoin through Coinbase, funds will be withdrawn from your local currency wallet immediately. Receiving Bitcoin through Instant Exchange also credits your wallet automatically.
The new feature should help more users take advantage of Coinbase’s Bitcoin exchange, which launched in January in the US and in April in the UK.
➤ Instant Exchange [Coinbase]
Read next: Coinbase brings its bitcoin Wallet and Exchange to the UK
