Coinbase is a popular cryptocurrency exchange where investors buy, sell and store their digital assets. The company is one of the largest crypto trading platforms by trade volume, with millions of customers globally.
Recently, many Coinbase investors have had their trading accounts frozen temporarily or permanently shut down due to their country of residence.
Why is Coinbase closing accounts? Which countries are supported or banned from using the Coinbase app? And what are the alternatives? Let’s find out!
Coinbase supported countries ✅
Currently, Coinbase operates in over 100 countries, including:
- Africa: South Africa
- America: USA, Brazil, Canada
- Asia: Turkey, Singapore, Vietnam
- Europe: United Kingdom (UK), Germany, France, Spain, Portugal, Italy, Netherlands
- Australia
While Coinbase does not share an official list, these countries are known to have access to Coinbase’s services based on user experiences, official announcements, and regional websites.
Coinbase only mentions that they do not accept users from “any jurisdiction that is subject to the sanctions programs administered by the U.S. Treasury and other governing bodies” (source).
We attempted to contact Coinbase’s customer support for clarification on the matter. Unfortunately, we did not receive a response that provided additional insight into the specific countries where Coinbase operates.
Coinbase restricted countries ❌
Due to regulatory restrictions and compliance issues, Coinbase is not available in certain countries. Based on available information, here are some countries where Coinbase’s services are restricted or not available:
- Prohibited regions: Syria, North Korea, Iran, Syria, Cuba, Crimea.
- Other countries where Coinbase is restricted or unavailable:
- India
- Pakistan
- United Arab Emirates (UAE)
- Philippines
- South Africa
- Bangladesh
- Russia
- Colombia
- Pakistan
More details and sources for each of these countries is provided in our FAQs section below.
Coinbase Wallet vs. Coinbase App
In most countries, the Coinbase Wallet is available.
The issue arises with the “normal” Coinbase App, which allows users to deposit funds, buy cryptocurrencies with fiat currency, and withdraw funds to bank accounts. This app seems to have limited availability and is not accessible in many countries.
Coinbase Wallet
- A self-custody wallet that allows you to store, send, and receive cryptocurrencies.
- Enables you to exchange cryptocurrencies and interact with decentralized applications (dApps).
- Does not support buying cryptocurrencies directly with fiat currency, depositing funds from bank accounts, or withdrawing funds to bank accounts.
- Essentially, it doesn’t handle traditional money (fiat).
Coinbase App
- Allows users to buy, sell, and trade cryptocurrencies using fiat currency.
- Supports depositing and withdrawing funds to and from bank accounts.
- Availability is limited to certain countries due to regulatory requirements.
For users in countries where the Coinbase App is not available, the Coinbase Wallet can still be used to manage and store cryptocurrencies, but with limitations on purchasing and cashing out.
Limited availability of Coinbase services
From our observations, it appears that the only countries where Coinbase is fully available are those listed explicitly in the country selection dropdown on Coinbase’s website (screenshot below).
Other countries may have access to some of Coinbase’s services, but there may be restrictions, or the company does not fully commit to providing complete services in those regions.
For instance, large countries like India, Pakistan, Mexico, Colombia, or Argentina are not listed, indicating that they may not have full access to Coinbase’s functionalities.
Coinbase worldwide alternatives
If you are searching for Coinbase worldwide alternatives, here are a few popular names:
eToro
Founded in 2007, eToro is a popular social trading platform for buying and selling cryptocurrencies. eToro is regulated by the UK’s FCA, ASIC, and CySEC. It offers its services internationally in more than 140 countries globally! On the downside, the range of cryptos supported is a bit lower than on other platforms.
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Binance
One of the largest cryptocurrency platforms in the world, offering a wide range of assets and competitive fees.
Broker | Accepts clients from |
eToro 51% of retail CFD accounts lose money. |
Worldwide. Exceptions include Canada, Japan, Hong Kong, Russia. |
Binance | Worldwide (+100 countries, exceptions apply). |
Conclusion
While Coinbase remains a significant player in the cryptocurrency exchange space, its availability varies due to regional regulations and compliance requirements.
The absence of a publicly shared list of operational countries adds to the uncertainty for potential users.
We reached out to Coinbase support for clarity but did not receive additional information.
For those in restricted regions, numerous alternative platforms offer similar services, but it’s crucial to choose reputable and compliant exchanges to safeguard investments.
Have any feedback, or found any missing piece in the article? Feel free to reach out to us, or contact me directly on LinkedIn.
Disclaimer: Cryptocurrency regulations are subject to change. This information is accurate as of this writing. Users should verify the current status of services in their region.
FAQs
Is Coinbase available in Canada? Is it legal in Canada? 🇨🇦
Yes, Coinbase is available in Canada.
In April 2024, Coinbase became registered as a Restricted Dealer by the Canadian Securities Administrators, making Coinbase the largest and first international cryptocurrency exchange registered in Canada.
Is Coinbase available in India? 🇮🇳
Yes, Coinbase is available in India, but only to “send, receive, convert and store supported cryptocurrencies”. In other words, Indian investors cannot buy and sell crypto.
In late 2023, Coinbase has discontinued Indian operations.
Does Coinbase work in the Philippines? 🇵🇭
No, Coinbase is not supported in the Philippines. Based on this reddit comment by the Coinbase support team, we confirmed that Coinbase services are not available in the Philippines.
The only feature available is the Coinbase Wallet, which allows you to convert or transfer cryptos, but does not allow you to deposit, buy, or withdraw funds:
“Please be advised that we currently do not have any available services for the Philippines. At this time, we don’t know when we’ll be able to offer services to you or to your country. Although, you may continue using Coinbase Wallet.”
Does Coinbase work in Australia? 🇦🇺
Yes. Coinbase operates in Australia.
Does Coinbase work in Hawaii? 🏴
Yes. Coinbase operates in Hawaii. The company officially announced the availability in late 2024.