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Screenshot of a breaking news alert e-mail from Q2 2017
Global bitcoin exchange Coinbase announced today support for buying bitcoin with 3D Secure-enabled credit and debit cards for users located in the UK and Spain. 3D Secure enables two-factor authentication for making purchases with credit and debit cards.
This makes for a simple and secure instant solution for users looking to acquire some bitcoin or maybe test the waters of using the digital currency. Coinbase, was the first U.S. regulated exchange opening in January 2015 and is widely regarding as one of the most reputable exchanges for the cryptocurrency with global headquarters based out of San Francisco, known as “the Wall Street of the West.”
“…since credit and debit cards will not require a customer to pre-fund their Coinbase account with a bank transfer, customers in the UK and Spain can now receive bitcoin instantly.”
Moreover, Coinbase has attracted the highest investment from VCs than any other bitcoin related firm, fetching more than $75m USD from mainstream investors as global exchange competition heats up in a game of survival of the fittest as bitcoin adaptation continues to grow. Coinbase back in April of this year officially opened up its United Kingdom branch.
How do I know if my credit card supports 3D Secure?
3D Secure is supported by most banks in Europe and the UK. You can contact your bank to determine if your card supports 3D Secure, or simply try adding it to your Coinbase account. You will get an error message if your card does not support it.
For the official announcement from Coinbase click here.