Coinbase allows buyers to use 3D secure cards to buy Bitcoin

Virtual currency company Coinbase has announced that to buy Bitcoin, now users can use 3D Secure enabled credit and debit cards. This facility can be availed, at present, by its Spanish and British consumers.

The 3D Secure feature works by enabling the two-factor authentication that will be used for making purchases with credit and debit cards.

In its announcement, the company has also given out directions, by following which, a consumer can procure Bitcoin easily. The directions read: “To get started, sign in and visit the payments method page. Click “Add Credit / Debit Card” to add your card. Once you have added an eligible card, you will be able to select this payment method from the buy page to instantly purchase Bitcoin in GBP or EUR. 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.”

Earlier, we had also reported that Coinbase has shared a new version of its iOS app. This update contains Identity Verification, Instant Exchange, and bug fixes.

Prior to that, Coinbase had showed its aggressive streak when, to lure more users, it had announced several back-to-back attractive offers. After the company had launched the Instant Exchange in mid-June this year, it also announced zero fees for EUR-BTC conversion in the wake of the Greece crisis. Then, prior to this, it had also given a major boost to its referral program by announcing that it would give away $25 of Bitcoin for every referral. Indeed, Coinbase is seeking to galvanize the cryptocurrency world.

This San Francisco, California-based Bitcoin firm also boasts of 2,500,000 users, 3,900,000 wallets, 40,000 merchants and 7,000 developer apps.

Coinbase is a Bitcoin wallet and platform which was founded in June of the year 2012. It is a platform through which the merchants and the consumers can transact with each other conveniently. – leading Bitcoin News source since 2012