Bitcoin instant purchase

Part of our goal at Coinbase is to make acquiring Bitcoin as easy as possible. Since August, we’ve had an instant-buy feature available to users who have made a purchase and been with us for 30 days.

Starting today, all new Coinbase users can acquire a small amount of bitcoin (just 1) without the 30-day wait period provided they meet the rest of the required verifications (verifying their ID and adding a backup credit card).

Traditionally it has taken a few business days for new users to acquire bitcoin for the first time, even though they want it immediately. With this change, a bitcoin newbie can acquire their first bitcoin in the time it takes to link and verify their payment methods - 10 minutes or less.

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