CAN I OPEN A CRYPTO TRADING ACCOUNT WITH COINBASE IN THE UAE?
Coinbase is a massive trading platform from the US. Does it open accounts to locals?
Is Coinbase available in UAE?
Coinbase is an American company that operates a cryptocurrency exchange platform. As of October 2021, it was the largest cryptocurrency exchange in the United States by trading volume. On April 14, 2021, Coinbase went public on the Nasdaq exchange via a direct listing, making it one of the most reputable crypto trading platforms worldwide.
You are probably wondering if this giant is available to local clients. Unfortunately, no; Coinbase does not open crypto trading accounts to clients based in UAE. If you want to try an alternative, that is, a top crypto platform that does open accounts to local clients, you might want to try out Binance.
Binance: The World's Largest Crypto Trading Platform
Binance operates the world's leading cryptocurrency exchange in daily volume and transactions (1.4 million per second).
Beyond being the largest cryptocurrency exchange by volume, Binance offers multiple products and services; its core objective is to build a broad ecosystem in the blockchain sector. In this regard, this ecosystem consists of numerous variants. But, of course, the cryptocurrency exchange stands out among them and the wallet services for its users, crypto laboratories (to launch new tokens), charity, information, and education, among many others.
How to Open a Trading Account with Binance from UAE
Opening a Crypto Trading account with Binance is a process that is completed online and requires:
Register, and upload an ID through the Platform's App.
Once their administration team approves your account, it's time to deposit funds. The depositing and withdrawing money methods are usually Credit Cards (through Third Party Services like BANXA or Simplex), Bank Transfers, or, if you already hold Cryptos on other platforms, you may transfer them as well.
Once Binance applies your funds or cryptoassets to the account, you are ready to trade.
Coinbase listing at the Nasdaq Exchange
If you were just wondering, What is Coinbase?
With almost a decade of experience -The company was founded in 2012-68 million verified users, 9,000 institutions, and 160,000 ecosystem partners in over 100 countries trust Coinbase to invest, spend, save, earn, and use cryptocurrencies. This is an impressive achievement for a company that operates remote-first and lacks an official physical headquarters.
If we had to choose two words to describe Coinbase, we would pick organised and accessible. This crypto platform is straightforward to navigate, offers a wide range of tokens, and, contrary to many of their competitors, every functionality is accessible in a transparent way.