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This article was published on August 16, 2013

Coinbase now lets you send, buy or sell Bitcoin via SMS

Coinbase now lets you send, buy or sell Bitcoin via SMS
Jon Russell
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Jon Russell

Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on T Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on Twitter, Angel List, LinkedIn.

Coinbase, the one-year old Bitcoin startup that landed a $5 million investment earlier this year, is opening its virtual currency banking system up to the masses after introducing SMS-based actions.

The new feature allows anyone on any kind of mobile device to use all the features of the service. After verifying their number and setting up a PIN, users simply send a text using one of the set shortcodes. Transactions that affect account balance — send, buy and sell — are confirmed by a voice call during which the customer is prompted to key in their PIN.

Coinbase says that, in addition to making its processes more simple, SMS commands open it up to those in emerging markets, many of “who can benefit from Bitcoin the most”.

➤ You can now perform all basic actions in Bitcoin through SMS [Coinbase]

Headline image via zcopley / Flickr