ACH: Free Wire transfer: US$10 SEPA: EUR€0.15 SWIFT (GBP): Free
ACH: Free Wire transfer: US$25 SEPA: EUR€0.15 SWIFT (GBP): GBP£1
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
What is Coinbase?
Coinbase is one of the world’s best-known cryptocurrency exchanges. It was founded in 2012 and as of December 2021 claimed to have over 70 million users.
It initially began as a way of simply buying, selling and transferring cryptocurrency, but has expanded to offer a wide range of services beyond that. Coinbase recently introduced a Coinbase card, which is available to users in countries like the UK and Australia. The debit card is helpful for spending in crypto worldwide. While the card has yet to be launched locally, users in Singapore can look forward to the launch of a Coinbase card here sometime in the future.
Easy. Coinbase is renowned for making the entire buying process simple.
Tried and tested. Coinbase has been one of the world’s best-known exchanges for years and has never been hacked.
Fiat currencies. Coinbase has one of the largest ranges of fiat currency support of any exchange.
Wide service range. Try Coinbase Earn to get some free crypto, and Coinbase Learn to get some free education and more.
Customer service. Coinbase is one of the few crypto exchanges to offer 24/7 phone support.
Expensive. The fees vary but will typically be higher than what you can find elsewhere.
Limited coin selection. Coinbase has a limited range of cryptocurrencies.
Availability varies. The platform itself, its crypto offerings and its service availability varies by location
Withdrawal process. If you want to sell your cryptocurrency and cash it out, you are only able to transfer to accepted payment methods. For those based in Singapore, you can transfer to your debit (via your bank account) or credit card. Other cash-out methods such as Paypal or wire transfer are not available for Singapore at this point.
Coinbase has a tiered fee structure, where active traders are incentivised with discounted trading fees. Maker fees start at 0.4%, while taker fees start at 0.6%.
Pricing tiers are calculated over a 30-day period.
30-day spot trading volume
$0 – $10,000
$10,000 – $50,000
$50,000 – $100,000
$100,000 – $1 million
$1 million – $15 million
$15 million – $75 million
$75 million – $250 million
$250 million – $400 million
More than $400 million
Note: Information provided is accurate as of 3 November 2022.
Standard blockchain fees apply for on-chain transfers.
Coinbase charges a 25% commission on staking, which is deducted from your distributed earnings.
How fast will my funds be available?
Near-instant to 5 days
Bank transfer May take up to 5 business days to arrive
Card and Coinbase wallet purchases Purchases will complete instantly
Deposits from wallets Within minutes
Withdrawals and transfers
Near-instant to 1-2 days
Wallet transfers between Coinbase wallets Typically complete immediately
Withdrawals and sell orders Usually take 1-2 business days to arrive in your bank account
Sending outside Coinbase wallets Typically a few minutes, depending on the state of the network, the cryptocurrency and the network fees
The Coinbase card is a Visa debit card which you can use to spend cryptocurrency anywhere in the world where Visa cards are accepted. Coinbase converts all cryptocurrency to US dollars when you use the card to purchase items or ATM withdrawals. However, you will not be able to get a Coinbase Card in Singapore. As of now (23 Oct 2022), it is only available for US residents.
Is Coinbase safe to use?
Regulation. Coinbase holds a wide range of licenses in different countries. As of 11 October 2022, the Monetary Authority of Singapore (MAS), has issued Coinbase in-principal approval for a Digital Payment Token (DPT) license to operate in Singapore.
Verification process. Coinbase requires users to get verified to trade.
Security features. Coinbase recommends 2FA to protect accounts and follows (and leads) industry best practices such as keeping the majority of customer funds in cold storage.
Coinbase was founded in 2012 and has never been hacked.
How do I create an account at Coinbase Singapore?
Registering for an account at Coinbase Singapore is easy. Simply follow the steps below:
Visit Coinbase’s website, or download the Coinbase app available both on Android and iOS. Click ‘Get Started’ to sign up with your name and email address and then log in to your account.
You’ll need to verify your email to start buying or selling. To do this, check that you have received an email from Coinbase. Click on the ‘Verify email address’ link which will take you back to the site. Sign back into the site in order to complete the email verification process. When you have signed in, you will be prompted to enter your mobile phone number. This is to register for 2-step verification. Follow the steps provided.
You will need to enter the information shown on a valid government-issued photo ID. For Singapore citizens, you can use your identification card. Take a photo of the back and front of your ID as you will be prompted to upload a photo of it later. Follow the steps to complete the process. You should also set up a 2-step verification app to protect your account against illegal access.
Before you can buy and sell cryptocurrency, you will need to link your payment method. Coinbase supports credit or debit card payments for customers in Singapore. You can now buy and sell cryptocurrency. Simply go to the home or market page and click the one you want to buy or sell.
Compare Coinbase against other exchanges
Frequently asked questions
Coinbase is available in Australia, Canada, Singapore, the US, Europe, the UK and most European countries.
The exact services available in each will vary.
Yes. Download it for iOS or Android.
The verification process involves going to your account settings, filling out some details and uploading some identification to the platform.
Coinbase offers a help section, allows the submission of help tickets and has a 24/7 phone support centre.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
Andrew Munro was the global cryptocurrency editor at Finder, covering all aspects of cryptocurrency and the blockchain. Andrew has a Bachelor of Arts from the University of New South Wales.
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