Recent reports show that Coinbase has changed the minimum deposit for U.K. customers. Now the minimum deposit is £1000 staff has confirmed in private e-mails on July 16.
Recent news report that Coinbase has suspended the U.K's Faster Payments system and raised the minimum deposit amount to 1,000 British Pounds. Now Coinbase users in the U.K. have to use the standard international transfer option, also known as SWIFT, to send and deposit funds. Coinbase hasn't yet justified the motivation for this action.
“We've temporarily suspended Faster Payments and added support for GBP Swift payments in the interim,” reads the e-mail.
They go on and claim that Faster Payments will resume sometime in the next few months but failed to specify an exact date.
“For your account’s security and to prevent any potential fraudulent activity, you will be unable to withdraw these funds or send the value of this deposit from Coinbase for 5 calendar days after deposit,” Coinbase staff added.
Since SWIFT payments usually take 5 working days to complete, The United Kingdom becomes a subject of a ten day delay for making deposits.
Read more: https://www.coinspeaker.com/coinbase-deposits-10-days-1000/
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