Starting this week, Bread customers around the world will have the ability to use a credit card to purchase bitcoin and have it deposited directly into their Bread. This new feature builds on a partner integration with Simplex to allow high limits and near-instant delivery for most users.
Based on user feedback
We designed this new feature by listening to our customers and basing our decisions on the most common customer complaints:
1) It’s difficult and time-consuming to get “verified” on an exchange or online brokerage.
2) The daily limits are often too low to permit acquiring substantial amounts of bitcoin.
3) Delivery of bitcoin can take a week or more when purchasing with a bank account.
Bread solves these problems by providing same-day delivery of bitcoin with limits up to $20k per day and $50k per month, and by having users complete identity verification right in their Bread. No more copying and pasting deposit addresses or switching back and forth between desktop and mobile devices.