can coinbase be used in malaysia

In Malaysia, Coinbase enables cryptocurrency trading, wallet storage, crypto-to-crypto exchanges, recurring purchases, and more.

Oct 26, 2024 at 12:09 pm

Can Coinbase Be Used in Malaysia?

Yes, Coinbase is available and can be used in Malaysia. Here are the details:

1. Supported Services

• Trading: Buy, sell, and convert over 100 cryptocurrencies.
• Crypto Wallets: Store and manage your crypto assets securely.
• Crypto-to-Crypto Trading: Exchange one cryptocurrency for another directly.
• Recurring Buys: Set up automatic purchases of cryptocurrencies at regular intervals.
• Coinbase Card: A Visa debit card linked to your Coinbase account, allowing you to spend crypto at millions of locations worldwide.

2. Verification Process

To use Coinbase in Malaysia, you need to complete the following verification process:

• Provide your personal information (name, address, phone number, etc.).
• Verify your email address and phone number.
• Provide a government-issued ID for identity verification.

3. Deposit and Withdrawal Methods

Coinbase supports several deposit and withdrawal methods for Malaysian users:

• Bank Transfer (RM): Deposit or withdraw Malaysian Ringgit (RM) from your local bank account.
• Visa and Mastercard: Deposit or withdraw using Visa or Mastercard credit/debit cards.

4. Fees

Coinbase charges various fees for its services, including trading fees, deposit fees, and withdrawal fees. The specific fees vary based on the chosen transaction method and cryptocurrency. You can find the detailed fee structure on Coinbase's website.

5. Security

Coinbase employs multiple security measures to protect user funds and data, including:

• Bank-level security for all stored crypto assets.
• Two-factor authentication for account login.
• Cold storage for the majority of cryptocurrencies.
• Regular security audits and industry certifications.

6. Customer Support

Coinbase provides customer support in English and other languages. Malaysian users can access support through email, online chat, or telephone.

7. Additional Notes

• Coinbase is available in both web and mobile app platforms.
• The cryptocurrency selection available in Malaysia may vary from other regions.
• Please note that cryptocurrency regulations and policies can change over time. It is recommended to consult reputable sources for the most up-to-date information.