As the world’s largest bitcoin exchange, Coinbase is often the first stop for those just getting into cryptocurrency. But can users from outside the United States use Coinbase?
The answer is yes, but there are a few caveats. First, users must be willing to submit to Know Your Customer (KYC) and Anti-Money Laundering (AML) verification.
This means providing Coinbase with personal information like a passport or driver’s license.
NOTE: WARNING: It is important to note that Coinbase does not currently accept customers who are not US citizens or US residents. Non-US citizens should use caution when considering using Coinbase and should carefully review all applicable laws and regulations in their home country before using Coinbase.
Second, users must have a bank account that supports International ACH Transfers. At the moment, this includes a select few banks in Australia, Canada, Europe, and the United Kingdom.
Finally, users must be aware of the fact that they may be subject to capital gains taxes in their home country. For example, in the United States, any profits made on cryptocurrency investments are considered taxable income.
So while it is possible for non-US citizens to use Coinbase, they should be aware of the potential risks and challenges involved.
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As one of the most popular cryptocurrency exchanges, Coinbase is often a go-to option for buying and selling digital assets. But is it safe to use Coinbase? On the whole, Coinbase is a safe and secure platform.
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They are a regulated and licensed US financial institution, with operations in 32 countries around the world. Coinbase allows you to buy and sell digital currencies, as well as store them in a wallet on the site.
When it comes to investing in Coinbase, there are a lot of mixed opinions out there. Some people believe that it is a safe investment, while others believe that it is a risky investment. So, what is the truth?
