Coinbase Rolls Out GBP Usage for All UK-Based Customers
Coinbase has been a truly productive company, exploding onto the cryptocurrency scene and has only been growing year after year. 2017, in particular, was a very big year for the company's operations in Europe, and 2018 is set to become an even bigger one.
One of the latest developments that promise to see this hope come to fruition is the fact that Coinbase has announced that all UK customers will now have the ability to buy and sell assets using Pound Sterling (GBP) on its platform, whether that's Coinbase, Coinbase Pro, or Coinbase Prime.
All users need to do in order to start buying and selling in Pounds is to log into your coinbase account, from there, users will be able . to see a brand new GBP wallet under the accounts segment.
When it comes to domestic GBP payments, in many . instances, they . take less than 30 minutes to transfer in and out of a users account. This means that users will not only be able to benefit from increased speed, but a reduction in costs overall. Through no longing needing to convert funds from British Pounds to Euros and vice versa, users can side step exchange rates and additional fees which are associated with foreign currency transactions.
If you're an existing user of Coinbase in the UK, but don't have access to a GBP wallet just yet, it's quite likely due to the fact that your account isn't set to the United Kingdom. In order to fix this, the company suggests viewing your account country and setting it to the UK.