When you add cash to your Coinbase account, the funds will be stored as your cash balance and will appear as the local currency in your list of assets. You can use this balance as a source of funds to make instant crypto purchases, and you can credit it with the proceeds of your crypto sales. This allows you to instantly buy and sell on Coinbase, exchanging between your local cash balance and your digital currency balances.
To activate your local cash balance, you must:
Reside in a supported state or country
Upload an identification document issued in your state or country of residence
Set up a payment method
To move cash in and out of your account, you need to set up a supported payment method according to your location:
US states with access to cash balances
For customers in the US, local cash balances are only available to states where Coinbase is either licensed to engage in money transmission, where it has determined that no such license is currently required, or where licenses are not yet being issued with respect to Coinbase's business. This includes all US states with the exception of Hawaii.
Isle of Man