Coinbase is one of the most popular cryptocurrency exchanges in the world. But does it work in Nigeria? Let’s take a look.
Coinbase was founded in 2012 and is headquartered in San Francisco, California. The company has been a trailblazer in the cryptocurrency space, becoming one of the first exchanges to offer Bitcoin, Ethereum, and Litecoin trading.
Coinbase is available in over 100 countries around the world, including Nigeria. The platform allows users to buy and sell cryptocurrencies, as well as store them in a wallet on the Coinbase platform.
Coinbase has been growing in popularity in Nigeria in recent years as more people become interested in cryptocurrencies. The platform offers a easy-to-use interface and has built up a large user base in the country.
However, there are some drawbacks to using Coinbase in Nigeria. First, the platform does not support Nigerian Naira (NGN) deposits or withdrawals.
This means that users must first convert their NGN to another currency before buying cryptocurrencies on Coinbase.
Second, Coinbase has been known to be unreliable at times, with frequent outages and website issues. This can be frustrating for users who are trying to buy or sell cryptocurrencies when the market is moving quickly.
Overall, Coinbase is a popular and easy-to-use cryptocurrency exchange that is available in Nigeria. However, there are some drawbacks to using the platform, such as its lack of NGN support and reliability issues.