Your local currency wallet allows you to store funds denominated in that currency as funds in your Coinbase account. You can use this wallet as a source of funds to make instant purchases. You can also credit this wallet from the proceeds of any sale. This means you can instantly buy and sell on Coinbase, exchanging between your local currency wallet and your digital currency wallets.
In order to activate your local currency wallet, 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
In order to move local currency into and out of your account, you'll need to set up a payment method. These methods will vary depending on your location. More information on various payment types can be found below:
- Payment Methods for US Customers
- Payment Methods for European Customers
- Payment Methods for UK Customers
For customers in the US, local currency wallets 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.
Supported European markets include: