Coinbase, Exchanges

Can Coinbase Be Used in Singapore?

Yes, Coinbase can be used in Singapore. Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

As of May 2018, Coinbase had 7.4 million users. .

NOTE: WARNING: Using Coinbase in Singapore is not recommended as it is not supported and may lead to legal complications. Users should be aware of the risks associated with using Coinbase in Singapore, including the potential for being subject to double taxation, and that Coinbase does not provide any customer support related to regulatory or tax matters. Additionally, users must be aware of the regulatory environment governing digital assets in Singapore and how their activities could be impacted by changes in regulations.

Coinbase allows Singaporean users to buy and sell digital currencies on its platform. The company offers a Singapore dollar-denominated wallet and an exchange, both of which are connected to a user’s bank account.

The wallet lets users store, send and receive digital currencies like Bitcoin, Ethereum and Litecoin. The exchange lets users buy and sell these same currencies with Singapore dollars.

Coinbase has been operational in Singapore since 2015. The company first launched its USD-denominated bitcoin exchange here in 2015, followed by its SGD-denominated exchange in 2016.

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