Instant Bitcoin Purchases at Coinbase

Love it! You guys keep getting awesome-er. If I may make one humble request...would love to see a lower transaction limit (<0.01BTC) in the API. My personal project (and I) would be forever grateful.

Re: Instant Bitcoin Purchases at Coinbase

#5

Post by sgornick » Thu, Jul 11, 2013, 9:55 PM UTC

sgornick wrote: post #2

How can I see what level my account is at? What are the limits for Level 1?

Ah: https://coinbase.com/verifications

Re: Instant Bitcoin Purchases at Coinbase

#6

Post by joelrunyon » Thu, Jul 11, 2013, 10:07 PM UTC

Isn't the point of bitcoin to stay anonymous? It's nice to be able to purchase it instantly, but it seems to be going against the purpose of bitcoin.

Re: Instant Bitcoin Purchases at Coinbase

#7

Post by wmf » Thu, Jul 11, 2013, 10:08 PM UTC

joelrunyon wrote: post #6

Isn't the point of bitcoin to stay anonymous? It's nice to be able to purchase it instantly, but it seems to be going against the purpose of bitcoin.

For some people the point of Bitcoin is to get rich via speculation.

Re: Instant Bitcoin Purchases at Coinbase

#8

Post by ww520 » Thu, Jul 11, 2013, 10:10 PM UTC

If I give you cash, can I buy bitcoin without the hassle of fully verified identification?

Re: Instant Bitcoin Purchases at Coinbase

#9

Post by atom-morgan » Thu, Jul 11, 2013, 10:11 PM UTC

joelrunyon wrote: post #6

Isn't the point of bitcoin to stay anonymous? It's nice to be able to purchase it instantly, but it seems to be going against the purpose of bitcoin.

I'd say it depends on the person.

Re: Instant Bitcoin Purchases at Coinbase

#10

Post by citricsquid » Thu, Jul 11, 2013, 10:11 PM UTC

joelrunyon wrote: post #6

Isn't the point of bitcoin to stay anonymous? It's nice to be able to purchase it instantly, but it seems to be going against the purpose of bitcoin.

A feature bitcoin provides is it can be "anonymous", however most bitcoin purchases and purchasers don't need anonymity.

see here: http://zerocoin.org/