Last Updated on May 9, 2022 by InfomediaNG
Are you an African and you’ve been wondering if you can buy Bitcoin, Ethereum, Litecoin, Ripple, and other cryptocurrencies on coinbase? This post contains the list of African countries that are supported by the world’s second-largest crypto exchange platform.
Why is coinbase growing in number?
Since coinbase was founded on June 20, 2012, by Brian Armstrong and Fred Ehrsam, the crypto exchange platform has grown to be one of the most trusted and reliable cryptocurrency exchanges which can be found in all the continents, except Antarctica, probably waiting for when there is a human presence in the lonely continent.
Some of the reasons why coinbase remains one of the best crypto exchanges include the offline storage of most of its assets, usage of 2-step verification and blocking of accounts for the safety of its users whenever there is suspicious login, and its crypto insurance coverage on all assets in its care.
Coinbase in Africa
Of all the countries in Africa, coinbase only supports the trading of crypto assets on its platform in 13 African countries.
Out of the supported African countries, using debit and credit cards is only supported in three countries: Ghana, Kenya, and South Africa. South Africa’s favourable crypto policy, may have prompted Coinbase to choose the second Africa’s largest economy as one of the supported countries, though the country is still planning to come up with an acceptable legal framework for crypto assets.
The countries are listed below and their crypto trading capabilities
|Ghana||convert and buy with debit and credit cards|
|South Africa||Convert and buy crypto with debit/credit cards|
|Kenya||Ability to use debit/credit cards and convert|
African countries not supported on Coinbase
The crypto exchange platform is not supported in 41 African countries, they are:
- Democratic Republic of Congo (DRC)
- Ivory Coast
- Niger Republic
- Burkina Faso
- South Sudan
- Sierra Leone
- Republic of Congo
- Central African Republic
- The Gambia
- Guinea Bissau
- Equatorial Guinea
- Cape Verde
- Sao Tome and Principe
If you are a Nigerian resident, you can’t trade crypto on coinbase.