Coinbase after adding trading between cryptocurrencies to 50 new countries and USDC stablecoin crypto trading now available in 85 countries. With this Coinbase now supports over 103 countries.
Everyone is waiting for Coinbase to come to their country and now the wait is over. Yes, it is true, according to their blog post released today (14 May), they are now available in
Angola, Armenia, Aruba, Bahamas, Bahrain, Barbados, Benin, Bermuda, Botswana, Brazil, British Virgin Islands, Brunei, Cameroon, Cayman Islands, Costa Rica, Curaçao, Dominican Republic, Ecuador, El Salvador, Ghana, Guatemala, Honduras, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Macau, Maldives, Mauritius, Mongolia, Montenegro, Namibia, Nepal, Nicaragua, Oman, Panama, Paraguay, Rwanda, Serbia, South Africa, Taiwan, Trinidad and Tobago, Tunisia, Turkey, Uganda, Uruguay, Uzbekistan, Zambia
As we all know, earlier they were limited to only 32 countries. So, this is a huge jump going from 32 to 103 is something. More countries means more exposure and expansion for Coinbase and Cryptocurrencies.
Everyone is waiting for this day to come as this is one of the securest platform in crypto world. Because 98% of the customers funds are stored offline to save it from any breaches. According to their website Coinbase assures that “sensitive data that would normally reside on our servers is disconnected entirely from the internet.” Data is then encrypted, and transferred to USB drives and paper backups, and exist in deposit boxes vaults all over the world.
The other 2% of customer funds, held online, are covered in the event of a breach of Coinbase’s online storage. Also, Coinbase holds all customer fiat currency in custodial bank accounts, on behalf of customers. So, if you have fiat currency in Coinbase, in a USD wallet, it is covered by FDIC insurance up to $250,000 (just like a “regular” bank). This protects customer assets (so long as they have been converted to fiat currency) even in the event of Coinbase becoming insolvent.
How to use it?
First, go to Coinbase and register your account by signing up — Coinbase.
Fill all the details required, verify your KYC(Know Your Customer) form and you are ready to trade with it.
Coinbase requires you to link your debit card, credit card or bank account to purchase or sell the cryptocurrencies. Using bank accounts let you transact $100/transaction or $2500/week. It takes time(2 to 4 days depends upon the bank) to load money to your Coinbase wallet. Though if you do transactions through your credit/debit cards it will reflect instantaneously but the limit will change to $200/week.
You can also sell Bitcoin to your PayPal account, effectively cashing out, as your Bitcoin will be exchanged for local currency. This transaction, too, is instantaneous.
Coinbase is famous because of its easy to use and intuitive platform that makes the whole thing familiar, similar to buying or selling stocks.
Trading Bitcoin or any cryptocurrency is as easy as shown below:
So, if you are in those 103 countries then you are ready to buy/sell available cryptocurrencies directly through your bank account. Just register and start trading with it.
Here is my referral link that you can use to register on Coinbase
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