As of now, you cannot buy UST directly on Coinbase. UST is a security token that is not yet listed on any major exchanges.
However, there are a few ways to indirectly buy UST. .
One way is to first purchase another cryptocurrency that is listed on Coinbase, and then use that cryptocurrency to buy UST on a secondary exchange. For example, you could buy ETH on Coinbase and then use ETH to buy UST on the Uniswap decentralized exchange.
NOTE: This is a warning that customers should not purchase UST on Coinbase. UST is a digital asset issued by a private entity and is not regulated or supported by any government or central bank. As such, Coinbase does not offer the ability to buy, sell, or store UST. Trading UST on Coinbase carries a high risk of financial loss due to the lack of regulation and potential for fraud. Customers should be aware that Coinbase cannot provide any recourse if they suffer losses related to their purchase, sale, or storage of UST.
Another way to indirectly purchase UST is by using a service like Changelly or Shapeshift. These services allow you to convert one cryptocurrency into another without having to set up an account on an exchange.
So, you could convert your USD into ETH and then use Shapeshift to convert the ETH into UST.
Ultimately, whether or not you can buy UST on Coinbase depends on how the UST token is classified by regulatory agencies. If UST is classified as a security token, then it can only be traded on exchanges that are registered with the SEC.
As of now, Coinbase is not registered with the SEC. However, this could change in the future if Coinbase decides to list UST.
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1. Log in to your Coinbase account and go to the “Buy/Sell” page.
2.
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