It’s the moment we have all been waiting for, one of the worlds most popular Bitcoin & Cryptocurrency exchanges now accepts British Pounds. In an announcement made by Coinbase on 28th September 2018, all British Coinbase accounts can now easily deposit and withdraw in GBP.
This means that if you have an account with Coinbase you can now buy and sell their supported digital assets for pounds. These include Bitcoin, Ethereum, Litecoin, Bitcoin Cash and newly listed Ethereum Classic.
If you would like to apply for a Coinbase account you can apply for one HERE.
This new functionality to allow British users to directly buy Bitcoin in GBP is in part down to a deal struck with Barclays earlier this year. In a UK first Barclays agreed to open an account for Coinbase, giving them wider access to the UK Bacs and Faster Payments networks. These tied in with Coinbase acquiring an e-money licence from the FCA.
Som factions of the crypto community don’t like the centralised nature of Coinbase. However I am sure many UK Bitcoin/Crypto enthusiasts will agree its a welcome addition.
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