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Many people are wondering why they can’t buy crypto on Coinbase. We’ll take a look at the reasons why and see if there’s anything that can be done about it.
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Introduction
If you’re new to the world of cryptocurrency, you may be wondering why you can’t buy crypto on Coinbase. After all, Coinbase is one of the most popular exchanges and wallets for Bitcoin, Ethereum, and Litecoin. So what’s the deal?
It turns out that Coinbase does not currently offer the ability to buy or sell cryptocurrency. However, Coinbase does allow users to store cryptocurrencies in their account. So if you already have some crypto that you’ve purchased from another exchange, you can transfer it into your Coinbase account and store it there.
The reason why Coinbase doesn’t allow users to buy crypto directly is because of regulatory issues. In order for a company to offer crypto trading, they need to have a special license from the government. And as of right now, Coinbase does not have this license.
This may change in the future, but for now, if you want to buy crypto on Coinbase, you’ll need to do it through another exchange.
What is Coinbase?
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
Why Can’t I Buy Crypto on Coinbase?
If you’re looking to buy crypto on Coinbase, you may have noticed that some coins are not available for purchase. This is because Coinbase only allows you to buy certain coins. In this article, we’ll explain why Coinbase doesn’t offer all coins and what coins you can buy on Coinbase.
Coinbase doesn’t support all cryptocurrencies
Coinbase only supports a limited number of cryptocurrencies, which can be found in the list below. If you’re looking to buy a cryptocurrency that isn’t supported by Coinbase, you’ll need to purchase it through another exchange.
-Bitcoin (BTC)
-Ethereum (ETH)
-Litecoin (LTC)
-Bitcoin Cash (BCH)
-Ethereum Classic (ETC)
-Zcash (ZEC)
-USDC (USDC)
Coinbase may not be available in your country
If you’re wondering why you can’t buy crypto on Coinbase, it’s likely because Coinbase is not available in your country. Coinbase is a US-based exchange, and US law requires Coinbase to comply with know-your-customer (KYC) and anti-money laundering (AML) regulations. These regulations require Coinbase to verify the identity of its customers, which can only be done if you are located in a country where Coinbase is licensed to operate.
If you’re trying to buy crypto on Coinbase but are getting an error message that says “Coinbase is not available in your country,” this is likely the reason why. You can check to see if Coinbase is available in your country by going to the Coinbase website and selecting your country from the dropdown menu.
If Coinbase is not available in your country, there are a few other options for buying crypto. One option is to use a different exchange that is available in your country. Another option is to use a peer-to-peer trading platform such as LocalBitcoins, which does not have the same KYC/AML restrictions as exchanges like Coinbase. Finally, you could try meeting someone in person who is willing to sell you crypto for cash.
You may not have enough funds to buy crypto on Coinbase
If you’re trying to buy crypto on Coinbase and you get the message “You don’t have enough funds to complete this purchase,” it usually means one of two things:
1. You don’t have enough money in your Coinbase account to cover the full amount of the purchase. Remember, when you buy crypto on Coinbase, you’re actually buying it from another user on the platform who is selling their crypto to you. So in order to complete the purchase, you need to have enough money in your account to cover the full amount of the sale, plus any fees associated with the transaction.
2. You don’t have enough available funds in your bank account linked to your Coinbase account to cover the purchase. When you link a bank account to your Coinbase account, we use what’s called an ACH transfer to move money back and forth between your bank and Coinbase. In order for an ACH transfer to go through, you need to have enough available funds in your bank account to cover the full amount of the transfer. So if you’re trying to buy $100 worth of crypto but you only have $50 available in your linked bank account, the ACH transfer will fail and you won’t be able to complete the purchase.
How to Buy Crypto on Coinbase
If you’re looking to buy cryptocurrency on Coinbase, you may be wondering why you can’t do it directly on the Coinbase website. Coinbase doesn’t allow you to buy crypto directly on their website. However, there is a way to buy crypto on Coinbase. You can do it through the Coinbase Pro website.
Create a Coinbase account
Crypto currency is a new investment opportunity that has become available in recent years. Many people are interested in buying crypto, but don’t know where to start. Coinbase is one of the most popular exchanges for buying and selling crypto, so let’s walk through how to set up an account and make your first purchase.
1. Go to coinbase.com and create an account. You’ll need to provide your name, email address, and create a password.
2. Once you have an account, you’ll need to link a payment method. Coinbase supports many different Payment Methods, including bank accounts, credit cards, and Paypal.
3. Once you have linked a payment method, you can begin buying crypto! To do this, simply go to the “Buy/Sell” page on Coinbase and enter the amount of money you want to spend (in either USD or the crypto currency you plan to buy).
4. That’s it! You’ve now purchased your first crypto currency on Coinbase.
Verify your identity
If you’re wanting to buy crypto on Coinbase, you’ll first need to verify your identity. According to Coinbase, this is for “your protection and ours.”
In order to verify your identity, Coinbase will require the following:
-Your full name
-Date of birth
-Phone number
-An ID verification photo
If you’re having trouble verifying your identity with Coinbase, it could be for a few reasons. First, make sure that the information you’re providing is correct and up-to-date. If that doesn’t work, reach out to Coinbase’s customer support for more help.
Add a payment method
If you’re trying to buy crypto on Coinbase and it’s not working, there may be a few different reasons for this. The most common reason is that your payment method wasn’t accepted. Coinbase only accepts certain types of payments, and if your payment method isn’t on the list, you won’t be able to buy crypto.
Here are the types of payment methods that Coinbase accepts:
-Credit or debit cards
-Bank account transfers (ACH)
-Wire transfers
If you’re trying to buy crypto with a credit or debit card and it’s not working, it may be because your card issuer doesn’t allow cryptocurrency purchases. You can try using a different card, or you can try using a bank account transfer (ACH) instead. Wire transfers are also an option, but they may take longer to process than other methods.
If you’re still having trouble buying crypto on Coinbase, contact their customer support team for help.
Buy cryptocurrency
Coinbase is one of the most popular cryptocurrency exchanges, and allows you to buy and sell crypto on their platform. You can also use Coinbase to store your cryptocurrencies. While Coinbase does offer a limited number of cryptocurrencies, they are constantly expanding their list.
To buy crypto on Coinbase, you will need to create an account and verify your identity. Once your account is verified, you can add a payment method and start buying crypto. Coinbase also has a mobile app that you can use to buy, sell, and store your crypto.
Conclusion
If you’re trying to buy crypto on Coinbase and it’s not working, there are a few possible explanations. Most likely, it’s because your account is not yet verified. In order to buy crypto on Coinbase, you’ll need to verify your identity by providing some personal information and uploading a photo of yourself. Once your account is verified, you should be able to buy crypto without any problems. Additionally, make sure that you have enough funds in your account to cover the purchase – if you don’t, you’ll need to add funds before you can buy any crypto. Finally, double-check that the cryptocurrency you’re trying to buy is actually available on Coinbase – not all cryptocurrencies are available for purchase on Coinbase. If none of these solutions work, contact Coinbase support for further assistance.
