Open Coinbase Account: https://www.coinbase.com/join/598709b2e5d73300faa31450 Coinbase, available to users in over 30 countries as of 2017, is the world's largest Bitcoin broker. Customers can buy bitcoin with a connected bank account, SEPA transfer, Interac Online, and many more payment methods.
Is Coinbase regulated?
Yes. Coinbase complies with all applicable laws and regulations in each jurisdiction in which it operates.
Coinbase, Inc., the company which operates Coinbase and GDAX in the U.S., is licensed to engage in money transmission in most U.S. jurisdictions. Most of Coinbase’s money transmission licenses cover US Dollar Wallets and transfers. In some states, money transmission licenses also cover digital currency wallets and transfers on the platform. In other states, no money transmission license is required to operate a digital currency business
Coinbase is also registered as a Money Services Business with FinCEN.
Coinbase is required to comply with many financial services and consumer protection laws, including:
The Bank Secrecy Act, which requires Coinbase to verify customer identities, maintain records of currency transactions for up to 5 years, and report certain transactions.
The USA Patriot Act, which requires Coinbase to designate a compliance officer to ensure compliance with all applicable laws, create procedures and controls to ensure compliance, conduct training, and periodically review the compliance program.
Most states’ money transmission laws and corresponding regulations.
Currently, no license is required to operate a digital currency business in any other country where Coinbase operates.
High liquidity and buying limits
Easy way for new users to buy bitcoin
Instant buy available with credit card as backup
Limited payment methods
May track how its users spend bitcoin
Is Coinbase safe?
Coinbase is the world’s largest Bitcoin exchange, so this is a common question. Yes, Coinbase is a Bitcoin company based in San Francisco, and backed by trusted investors. Coinbase is the world’s largest Bitcoin broker, and also offers an exchange, wallet, and developer API. On this page we’ll review Coinbase and its brokerage, exchange, and wallet.
How Does Coinbase Work?
Coinbase’s simple interface aims to make it easy for first-time buyers to purchase bitcoins. The most popular payment methods for Coinbase customers are buying with a credit card or debit card, and also using a bank transfer.
What Payment Methods Can You Use on Coinbase? What About Fees?
Coinbase supports 30+ countries. The payment methods available depend on your country.
Does Coinbase Support Your Country?
Coinbase offers its brokerage services in the United States, United Kingdom, Canada, Singapore. Coinbase also supports the following European countries:
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland.
Is Your Privacy Kept While Using Coinbase?
Users must provide full identity verification and many personal details.
You will be required to take a picture of your driver’s license or passport if you are purchasing with a credit card.
Limits & Liquidity
Coinbase offers very high limits. Limits depend on your account level, which is determined by how much information you have verified. Fully verified U.S. customers may buy up to $50,000 worth of bitcoin daily.
European customers may have a maximum of €30,000 euro in their account at any time.
How Fast Does Coinbase Send You Bitcoins?
The time it takes for the bitcoins to arrive in your wallet and be spendable depends on your country and payment method used.
Credit/Debit Card: If a credit or debit card is used, delivery of bitcoins is instant once ID verification as been completed.
Bank Transfer: U.S. customers will receive their bitcoins five business days from placing an order when using bank transfer. “Instant Buy” becomes possible if a credit card is added to the account as a backup payment method.
Instant buy will allow fully verified users to buy up to $1,000 worth of bitcoin per week. Level 2 users with instant buy are able to instantly buy up to $100 worth of bitcoin per week.
Canadian EFT purchases take four days to complete.
Interac Online purchases are instant!
European users paying with SEPA transfer will receive bitcoin within 1-3 days.
Coinbase has a knowledge base and email support.
Coinbase “Community” can be used to ask questions and get support help.
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