In comparison to Binance, Coinbase offers more features for U.S. residents but fewer options for international traders. The features include: A secure, standalone digital hot wallet that you can use with Coinbase and other exchanges.
Can a non US citizen use Coinbase?
Yes you may open an account at Coinbase if you are not a US resident. Coinbase accepts business from about 190 countries around the world.
Is Coinbase American Only?
Coinbase Global, Inc., branded Coinbase, is an American company that operates a cryptocurrency exchange platform.
|Revenue||US$1.14 billion (2020)|
|Operating income||US$408.9 million (2020)|
|Net income||US$322.3 million (2020)|
|Total assets||US$5.86 billion (2020)|
Why does Coinbase need my citizenship?
As a provider of financial services, Coinbase must accurately determine our customers’ countries of residence. This allows us to provide appropriate payment methods based on residency.
Who can join Coinbase?
What you’ll need
- Be at least 18 years old (we’ll ask for proof)
- A government-issued photo ID (we don’t accept passport cards)
- A computer or smartphone connected to the internet.
- A phone number connected to your smartphone (we’ll send SMS text messages)
Does Coinbase require SSN?
Coinbase does require that you provide your Social Security number to them when opening an account on their platform. They use your SS# for several reasons such as checking your background information, tax reporting purposes as well as to comply with anti- money laundering laws of the United States.
Do I need ID for Coinbase?
As a regulated financial services company, Coinbase is required to identify the users on our platform. Per the Coinbase User Terms, we require all customers to verify their identity to continue using our service.
Can US citizens use Coinbase Pro?
Coinbase is only available in states where Coinbase, Inc. is either licensed to engage in money transmission, where it has determined that no such license is currently required, or where licenses are not yet being issued with respect to Coinbase’s business. US states not yet supported by Coinbase include: Hawaii.
What can I use instead of Coinbase?
Top 10 Coinbase Alternatives & Competitors
Does Coinbase report to IRS?
If Coinbase users send and receive from Coinbase Pro or external cryptocurrency wallets, they can receive a report from CoinTracker on up to 3,000 transactions. … Coinbase customers will be able to look at all of their taxable activity to see if they owe taxes and how much they need to pay.
Can I change my citizenship on Coinbase?
If you moved to a new country and have a valid ID from that country, you can change your location within your Coinbase account. Please note that if you’re attempting to change your country for a Coinbase Pro account, please contact Coinbase Support by scrolling to the bottom of the page and selecting Contact us.
Can I trust Coinbase with my ID?
you can Trust Coinbase. It’s one of the best in the crypto world. As part of our commitment to remain the most trusted cryptocurrency platform, all Identification Documents must be verified through the Coinbase website or mobile app. We do not accept emailed copies of your identity documents for verification purposes.
Why can’t I withdraw from Coinbase?
It’s directly related to purchasing crypto or depositing fiat currency using a linked bank account. For security reasons, you will not be able to immediately withdraw fiat deposited using a linked bank account or send crypto purchased with such funds off of Coinbase Pro (we call this “withdrawal availability”).
Why can’t I sell Bitcoin on Coinbase?
Cards are only able to be used for buys. At this time we are not able to transfer funds back to a card, so they cannot be used to sell digital currency. … You are still able to send digital currency from your Coinbase account to another wallet or exchange.
How safe is Coinbase?
While it is never 100% safe to keep your money on any online exchange, Coinbase has one of the safest web wallets you can use since it holds 98% of its assets in offline cold storage that cybercriminals cannot access.