Key Changes in Coinbase's Updated Policies
Cryptocurrency exchange Coinbase recently announced significant updates to its trading and purchase policies, enhancing user convenience and transaction speed.
- Instant Trading Post-Bank Transfer: Users can now trade cryptocurrencies immediately after initiating a bank transfer, eliminating the previous 5-day waiting period.
- Increased Daily Purchase Limit: Verified users enjoy a higher daily purchase limit of $25,000, up from prior restrictions.
Why These Changes Matter
Coinbase emphasized that the updates align with user expectations for seamless onboarding and immediate access to trading. Historically, bank-account-based transactions took days to clear, creating friction for new investors eager to enter the crypto market.
"When users register on an exchange, they want to start trading instantly—not wait for funds to clear."
— Coinbase Team
Important Caveats
- Funds Cannot Be Withdrawn Until Settled: While users can trade immediately, withdrawals remain restricted until the bank transfer fully settles.
- Verification Required: Higher purchase limits apply only to users who complete identity verification (KYC).
- Non-U.S. Users: These features are currently limited to U.S. clients; international customers will gain access later.
Behind the Scenes: Fraud Prevention & Trust
Coinbase attributed these improvements to its six-year focus on building a secure, compliant platform. A spokesperson highlighted:
- Advanced Fraud Detection: Machine learning systems now better balance user experience and fraud prevention.
- Regulatory Compliance: Coinbase maintains stringent standards to ensure trustworthiness.
👉 Explore secure crypto trading
Ethereum Classic Launches on Coinbase Pro
In related news, Coinbase Pro added support for Ethereum Classic (ETC), rolling out in four phases:
- Transfer-Only
- Post-Only (limit-testing)
- Limited Order Matching
- Full Trading
FAQ Section
Q1: Can I withdraw funds immediately after a bank transfer?
A: No. While trading is instant, withdrawals require full bank settlement (typically 2–5 business days).
Q2: How do I qualify for the $25,000 daily limit?
A: Complete Coinbase’s identity verification process (KYC).
Q3: Are these updates available worldwide?
A: Currently for U.S. users only; international support is underway.
👉 Start trading with higher limits today
Coinbase continues to refine its platform, prioritizing speed, security, and accessibility for crypto traders globally.