Coinbase now allows customers in the UK and Spain to instantly purchase bitcoin using 3D Secure-enabled credit and debit cards.
The 3D Secure protocol – developed by Visa – requests users enter a password to confirm their identity with the card issuer. Once verified, customers are able to complete their online purchase.
The San Francisco-based company, which recently confirmed it had applied for a BitLicense, said in a post:
currently only accepts Visa, Mastercard and Maestro cards with 3D Secure authentication and purchases with either GBP or EUR are subject to a 3% "convenience fee".
The company noted the 3D Secure protocol is supported by most banks across Europe and the UK but advised users to check with their bank or try adding their card to their Coinbase account to see whether it is eligible.
"You will get an error message if your card does not support it [3D Secure]," the post concluded.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BPD3SSSPHBGBRKFLGHV54GH3VA.jpg )
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7QNSPLYDQNHSRGTSVXKFWKH3XQ.jfif )
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FKOJFTF4QRBXHICHR6VOPXVLPA.jpg )
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/D75SIJOXXFGOPMROPCV6KB3OJU.jpg )