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Report: Coinbase Deposits for UK Users Now Take 10 Days, Must Be Over £1,000

Published 07/17/2019, 06:47 AM
Updated 07/17/2019, 08:41 AM
Report: Coinbase Deposits for UK Users Now Take 10 Days, Must Be Over £1,000

United States cryptocurrency exchange Coinbase has abruptly imposed a minimum deposit amount of 1,000 British Pounds ($1,240) for United Kingdom account holders, staff reportedly confirmed in private emails on July 16.

Coinbase, which previously allowed U.K. users to deposit fiat funds via the country’s Faster Payments settlement system, has now suspended the service, they said.

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