Company Legitimacy As a company operating in the United States, Coinbase is required to comply with U. Â While weâre not condoning using cryptocurrency for illegal activity, we donât think a business should decide how you can spend your cryptocurrency. Both methods may require you to verify your identity. Â Currently users fromÂ 32 countries can use their services, including the United States. Â The Funds held in those accounts would be returnable to Coinbaseâs customers.
Choose whether you want to create an individual or business account. Your account will then be credited with the amount of cryptocurrency you purchased. Coinbase accepts payment through bank transfer and credit card. Â This means they will not use funds of yours to operate their business. Â Here are some of the laws, regulations, and regulatory bodies that Coinbase complies with: Registered as a Money Services Business with FinCEN.
Lower fees than âeasy buyâ competitors what cryptocurrency to buy reddit. Personal Account Security Coinbase offers its users a variety of features to secure their personal accounts. Â Since their launch, theyâve served over 8 million customers and helped users exchange over $20 Billion worth of digital currency.Binance Coin.. .Augur.