Instant Withdrawals For US And Europe Users Now Available On Coinbase

Coinbase added support for instant withdrawals for US and European uses according to the announcement today as we are reading more in our coinbase news today.

The San Francisco-based crypto exchange announced today that it added to support the instant withdrawals in 40 countries including the US, the UK, and Europe. The issue it claims to solve is that after today’s announcement, the withdrawals on Coinbase can take up to a few days but they are more or less instant. As per Coinbase’s help page, in “most cases” the withdrawals for users in these jurisdictions will be completed in less than 30 minutes but the processing could take up to 24 hours.

One problem however is that in the UK and Europe you will have to use a Visa debit card which supports instant withdrawals. As for the US, you can use a Mastercard or Visa. These instant withdrawals will cost money whereas regular withdrawals do not. In the US it will cost 1.5% of the total withdrawal and a minimum of $0.55. In the UK and Europe, the fee will be about 2% and a minimum of $0.52. Terry Anglos, Visa’s head of fintech department said:

 “By enabling real-time card withdrawals through the Visa Direct capability, Coinbase is delivering a faster, simpler and more connected experience for its users.”

As reported in the recent Coinbase news, the Rosetta blockchain integration toolkit has now added Bitcoin implementation to make it easier for developers to integrate products with a few blockchains. The goal of the Coinbase Rosetta toolkit is to standardize code so that developers can easily create blockchain applications on different chains. When the San Francisco based crypto exchange coinbase unveiled  Rosetta, it vowed to expand it out to BTC and ETH. It is now starting to make goods on that promise and today it added Bitcoin as an implementation which will make it possible to integrate features that are not possible on the Bitcoin Core client.

With the integration, developers won’t have that many problems anymore with Bitcoin such as querying account balances to constructing transactions without having to import private keys onto the node. According to the announcement, the new feature will provide access to all these features requiring no configuration by default and can be started with a single command.