Coinbase (YC S12) announces instant bitcoin purchases

Big news on the Coinbase blog — instant bitcoin purchases:

You know what’s really satisfying?  Being able to buy Bitcoin without a lot of hassle.  That’s what Coinbase has always let you do.

But you know what’s really awesome?  Being able to buy Bitcoin instantly, on-demand, any time you want, without having to wait for your slow, ancient-technology bank to approve a transfer first.

Well, today at Coinbase, we are enabling this feature for fully verified users.  Fully verified users can now buy up to 50 bitcoin instantly.