Coinbase Now Brings EOS Cryptocurrency Support for Retail Customers
By Jamie Green – Crypto Expert
Coinbase has now included EOS cryptocurrency support for their retail customers. The announcement for this support was made on May 30th through The Coinbase Blog and that it would be available for use at Coinbase’s official website, as well as its iOS and Android apps. This will enable customers to do what they want with their EOS cryptocurrency such as sending, receiving, storing or to buying and sell EOS.
But even though “most” jurisdictions under Coinbase can utilize this option, it isn’t yet included in for U.K. and US customers just yet. The company, however, promises to include more jurisdictions sometime later. You can already buy and sell EOS through our platform so check it out.
To those who are confused what EOS is, Coinbase has provided the following short statement explanation:
“EOS is a cryptocurrency designed to support large-scale decentralized applications. The protocol requires EOS to use resources like RAM, CPU, and network bandwidth. Coinbase goes on to explain that the network will award users that run the blockchain with new EOS. A user can cash out crypto earned via this or use it within the network. This is said to substitute inflation for transaction fees which many projects are utilising.
The inclusion of EOS comes right after Coinbase promised last year that it plans to include new cryptocurrencies, while also introducing a new crypto asset listing process. Any new projects would need to apply through this listing process to sell cryptocurrency through Coinbase’s platform.
In fact, back in December, Coinbase was already planning to include about 30 assets later on and one of them was EOS. This was due to a new policy in which brands had to reveal listings for the future, long before their launch.
Ensure you keep up with the latest developments in the crypto space. You can also use our platform to sell Crypto UK and exchange Bitcoin to GBP!
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards