- Coinbase supports and offers crypto-financial countries to over 100 countries, though trading services may vary by location due to regulatory compliances.
- Some countries are prohibited, typically those OFAC-sanctioned, while the advanced trading interface, Coinbase Pro, is available to supported regions.
- Staking tokens like Ethereum, Solana, and Cosmos are available for investors from all supported countries.
Coinbase, renowned for its user-friendly and secure crypto trading, has grown into one of the best crypto platforms in the United States and various regions. Despite its appeal to crypto newcomers, regulatory restrictions limit availability in certain countries. This comprehensive guide explores Coinbase-supported countries, restricted regions, and the countries users can stake and earn interest.
What Countries Is Coinbase Available?
Coinbase offers its trading services in more than 100 countries globally, including the United States, where it was founded and regulated by financial authorities. The Coinbase platform is also available to countries in regions such as Europe, North America, Asia, Oceania, and Africa. Below is a table outlining the ten major countries and regions where Coinbase operates, alongside their distinguishing features and restrictions.
|Country||Licensed & Registered By||Restrictions|
|United States||Money Transmitter Licenses. Registered with FinCEN.||Payment methods like credit cards, physical checks, eChecks, and wire transfers are not supported. Transaction limits are based on payment methods. Traders are restricted to a $25,000 maximum deposit limit daily..|
|Canada||Money Services Business (MSB) Registration. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Provincial Registrations.||Interac e-Transfer restrictions are based on the bank's policies, transaction limits, and verification levels on Coinbase. PayPal is not available. Traders are subject to rolling 12-month limits that begin when you open your account. This varies by province or territory of residence.|
|United Kingdom||UK Financial Conduct Authority (FCA)||Coinbase Exchange users have a withdrawal limit of £100,000 fiat per day. Credit/debit cards or Omnibus Wires are not supported. Faster Payment Transfer (FPS) is also unavailable to buy crypto assets.|
|Sweden||Swedish Financial Supervisory Authority (Finansinspektionen)||Limited crypto and trading pairs compared to the U.S. Sofort, Apple Pay and Google Pay are restricted from buying crypto assets.|
|Italy||Organismo Agentie Mediatori (OAM)||Sofort payments are restricted from buying crypto assets.Limited crypto offerings.|
|France||French Autorité des Marchés Financiers (AMF)||Default withdrawal limit of €100,000 daily. Limited crypto offerings.|
|Germany||German Federal Financial Supervisory Authority (BaFin)||Some crypto purchasing abilities are restricted based on location and regulatory considerations. Limited crypto offerings.|
|Australia||Australian Transaction Reports and Analysis Centre (AUSTRAC)||Credit cards are restricted. Bitcoin withdrawals must be made to a local exchange that supports withdrawals to an Australian bank account.|
|Singapore||Monetary Authority of Singapore (MAS)||Limited cryptocurrencies. Credit cards are restricted.|
|South Africa||Supported in all jurisdictions.||Local bank cards are restricted. Limited cryptocurrencies.|
As seen above, Coinbase has established a strong presence in key countries and regions. However, the availability of trading features can vary by country since Coinbase operates in accordance with licenses issued by different regulatory agencies in various jurisdictions.
What Countries Does Coinbase Restrict?
Coinbase, like all U.S.-based crypto-financial platforms, restricts trading services in countries flagged by the revered Office of Foreign Assets Control (OFAC). The OFAC administers and enforces financial sanctions programs against countries and individuals associated with terrorism, fraud, and narcotics trafficking.
These sanctions can either be comprehensive or selective, using the blocking of digital assets and trade restrictions to achieve set foreign policy and national security goals. Presently, Coinbase restricts access to traders from these countries:
- North Korea
- Sudan, and
This means crypto traders from these restricted countries attempting to log in via Coinbase's website or mobile app will be denied access and therefore need to find an alternative to Coinbase. This will be closely followed by an on-screen message informing users of their attempt to log in from a restricted region.
Users should note that access to their Coinbase account will remain inaccessible until a change in location is initiated (or if the Coinbase account is deleted). In cases where the exchange detects a user's residence is in a restricted region or that they violate sanctions via proxy networks, the trading account will be permanently closed.
Which Countries Is Coinbase Fully or Partially Regulated In?
While Coinbase provides full-fledged services in regions with complete licenses and local regulation compliance. It operates with limited oversight or partial licenses in others. The exchange holds full regulatory licenses in countries like the United States, United Kingdom, Australia, Sweden, Italy, Germany, and Canada.
However, in countries such as Japan, Hong Kong, Turkey, the United Arab Emirates (UAE), Switzerland, and several African and Middle Eastern nations, Coinbase operates with partial licenses. This is due to evolving cryptocurrency regulations in various jurisdictions. Partial regulatory regimes have some implications, such as limited access to services and reduced market exposure.
Supported countries with partial licenses do not have specific cryptocurrency regulations, leading to a lack of clear guidelines for trading platforms like Coinbase. This is why exchanges like Coinbase implement self-imposed measures to ensure compliance with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) requirements.
All crypto traders should note that Coinbase’s operation in partially regulated environments may drive challenges in ensuring adequate consumer protection, legal clarity, and compliance with financial laws. Nevertheless, as the crypto sector broadens and regulations evolve, Coinbase is expected to align its operations to fit industry standards and regulatory expectations in supported countries and regions.
Can I Change Countries on Coinbase?
Yes, investors can change from one supported country to another via the official Coinbase website or mobile application. However, there are a few considerations to consider, such as verification, regulation, and taxation.
Traders moving to a new country must revisit the verification stage which can take a few minutes to complete. These users must verify their new addresses and identities according to the verification process applicable to the new country of residence. For example, traders moving from Canada (North American region) to the United Kingdom (Europe) must verify their new address, submit a valid driver's license or passport, and other requirements.
Regulation changes will come into play as laws vary by country. Some of Coinbase’s crypto-financial offerings may not be available in the new country of residence due to regulatory restrictions. Furthermore, different countries have different cryptocurrency tax laws. Users may be subject to new tax obligations when a country change is initiated. Traders are encouraged to contact the exchange’s customer support team for further assistance if need be.
What Countries Is Coinbase Pro Available?
Coinbase Pro is a subsidiary crypto platform designed to cater to investors seeking advanced trading features and a wider variety of cryptocurrencies than its basic counterpart. The trading hub's exclusive trading features and charts are available to numerous countries across North America, Europe, and Asia. These include the US, the UK, Canada, Germany, and many others.
Since its debut in 2018, Coinbase Pro has become a vital one-stop shop for advanced traders seeking versatile trading tools, real-time market data, and multiple trading pairs. While it may not be suitable for beginner traders, experienced investors can leverage enhanced and cost-efficient features to spot and leverage market opportunities.
Which Countries Can You Margin Trade On Coinbase?
Coinbase no longer supports margin trading on its Pro/Advanced interface platform. Initially, margin trading was launched on February 12, 2020, enabling users to amplify the impact of their trades through the seamless borrowing of additional funds.
However, on November 25, just a few months after its launch, Coinbase disabled the trading feature. This was in response to a directive from the Commodity Futures Trading Commission (CFTC), A U.S. agency that regulates the futures derivatives markets.
Despite the nonexistence of margin trading, Coinbase offers traders a wide range of trading features to access markets seamlessly. Alternatively, traders who want this feature will need to seek a crypto margin exchange for trading with leverage.
Which Countries Can You Stake and Earn Interest on Coinbase?
Coinbase presently offers staking services in over 100 countries where it provides trading facilities. This enables investors in supported regions to engage in staking activities with popular staking cryptos including Ethereum (ETH), Cosmos (ATOM), Cardano (ADA), Polkadot (DOT), and Tezos (XTZ).
By staking these cryptocurrencies, users enhance the security and efficiency of these tokens' blockchain networks, all while potentially earning passive interest on crypto.
Frequently Asked Questions
To find the official list of Coinbase-supported countries, crypto enthusiasts should visit the exchange's official website and navigate to the “Help” section to view the supported countries list. This section is updated often to keep traders updated on regional changes that may impact trading services.
Coinbase crypto-financial trading services availability varies by U.S. state due to state-level regulations. This means some states might have certain restrictions on diverse crypto assets or other digital trading services. For example, due to stringent cryptocurrency regulations enforced by the New York State Department of Financial Services (NYDFS), Coinbase is restricted from listing a crypto asset without approval from the regulatory body.
Yes, traders who travel to a different country can maintain and use their Coinbase account. The U.S.-based exchange is accessible from over 100 countries globally, so users can generally log in and access their accounts from different locations. However, an important consideration to keep in mind is geographic restrictions. Users in OFAC-sanctioned countries will not be able to access their Coinbase accounts.
To verify identity on Coinbase in a different country, users should follow the exchange’s verification process for that region. This ensures compliance with local regulations and enables users to access Coinbase's full features.
Coinbase is a leading cryptocurrency exchange with over a decade of seamless operation and experience. It caters to over 100 countries, providing a secure, regulated, and user-friendly cryptocurrency trading platform.
While certain countries face restrictions due to Office of Foreign Assets Control (OFAC) sanctions, supported nations can continue to trust Coinbase for top-tier trading services, accessible anytime and anywhere.