What is happening to the Xfers payment integration on Coinbase?
On May 15th, 2018, Coinbase will pause the ability to buy or sell digital assets using the Xfers integration.
The growth of cryptocurrency interest within Singapore is heartening. However, we soon realized that the Coinbase/Xfers integration is not suitable in its current form to handle the growth. This change will allow both companies to prioritize efforts to provide a better payment experience for customers and focus resources on new projects.
When is the last day I can use Xfers to buy or sell using my Singapore bank account?
Xfers will become unavailable as a payment method on Coinbase after May 15th, 2018.
What other payment methods are available for Singapore customers?
Customers in Singapore can still use debit cards to purchase digital assets. However, this is a one-way conversion. For the time being, they will not be able to sell digital assets on Coinbase.
Will I still be able to use Coinbase to manage my digital assets?
Yes, you can continue to store your digital assets at Coinbase, and you will still have the ability to send and receive over the blockchain.
What if I have another issue or question about using Xfers?
Please reach out to us at firstname.lastname@example.org.