Kenya and Ghana Coinbase Users To Buy Crypto and Withdraw Cash With Debit and Credit Cards.
Coinbase, America’s largest crypto exchange by volume and user base, announced that it is now permitting customers from Kenya and Ghana to purchase crypto via their debit and credit cards.
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This latest announcement comes after the exchange made it public that it is expanding its service and products outside the United States in 2021.
Currently, Coinbase charges a flat fee of 0.5% on all crypto conversions via its wallet for both buying and selling via the exchange.
Coinbase is yet to enter Nigeria cryptocurrency market. Nigeria according crypto ecosystem indications is leading in Africa in the volume of trade and overall performance despite hostile government rules. Coinbase reluctancy to penetrate Nigeria’s market may be related to Central Bank of Nigeria restrictive crypto policies and unstable regulations.
According to the exchange website, customers in Kenya and Ghana can now purchase crypto at near market rates with their cards and cash out instantly.
So far, Coinbase is available in the following African countries:
- Kenya (Cards supported)
- South Africa
- Ghana (Cards supported)