Coinbase Library

You Can Now Buy And Sell Bitcoin By Connecting Any U.S. Bank Account Good news!  Our bank account integration feature finally launched. You can now connect any U.S. bank account to buy or sell bitcoins on Coinbase!  The process is fast and simple, and we’d love to have you try it out. Here are the steps after you  sign in : Add and verify a bank account (for most large banks in the U.S. we’ll be able to instantly verify the account - smaller banks or credit unions may take a few days to verify while we credit two small amounts to your account and wait to see if you can verify the amounts). Now you can buy or sell bitcoins, and the USD amount will be debited or credited to your bank within four business days. Below you can see some screenshots of what the process looks like: Simple right? What are the fees? Coinbase charges 1%, plus there is a $0.15 flat fee which goes to the bank.  The fees are the same whether you are buying o...

Coinbase now storing 87% of customer funds offline Offline storage provides an important security measure against theft or loss of bitcoins.  Today I’d like to talk about how we implement offline storage at Coinbase and give you a behind the scenes look at some of our processes. What is offline storage? Offline storage (sometimes called “cold storage”) is the process of taking money that is connected to the internet and moving it offline for safe keeping. Why do this?  Well, any computer that is connected to the internet with money on it (or bitcoins) is a target for hackers.  Keeping servers secure involves many variables  and is it’s own area of study and research.  Under normal conditions this level of security should be sufficient, but payment apps are held to a higher standard. This is where it’s helpful to have multiple  layers  of security.  And offline storage is just that - another layer of security we use so that if our first ...

Bill Gates on Digital Currency Interesting Charlie Rose interview where Bill Gates  talks  about digital currency and the potential for it to reduce corruption in the developing world. Skip ahead to the 10 min 20 second mark.