the Ultimate Coinbase Minimum Deposit (& Withdrawal) Guide 2023

Coinbase is an extensively used cryptocurrency exchange platform that permits users to purchase, vend, and hold a range of cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The exchange was created in 2012, and it has rapidly become one of the largest exchanges globally, with a user base of over 56 million verified accounts across more than 100 countries. Apart from providing exchange services, Coinbase also provides a wallet service for users to securely store their digital assets. Additionally, Coinbase offers a user-friendly interface and a range of security features to ensure the safety of its users’ funds and accounts.

The Coinbase minimum deposit is set at just $2 to start your crypto investing or trading journey. Coinbase continues to offer one of the lowest minimum deposit requirements across almost all the different crypto exchanges, which can be particularly helpful for beginners. 

Even at these lower levels of deposit, users signing up to Coinbase can also earn a $5 bonus (the equivalent in Bitcoin) immediately after signing up using the offer link below. 

TABLE OF CONTENTS
Coinbase Pro Minimum Deposit
Recommended Coinbase Minimum Deposit
List Of Supported Non European Countries
List Of Supported European Countries
Coinbase Minimum Deposit & Payment Methods UK

The process of getting yourself up and running with a live Coinbase account is relatively straight forward, and fortunately this is a crypto exchange that has built a reputation as one of the best crypto exchanges for beginners. As one of the few crypto exchanges to be publicly listed in the US, there is also some greater insight into the business operations and client numbers than you might find elsewhere due to SEC regulatory oversight.

Making your first deposit with a safe and trusted crypto platform is often a priority, and Coinbase serve this market very well across many different Countries.

For those who are looking for something more advanced, and with the ability to reduce fees, it may be worth considering Coinbase Pro.

Coinbase Pro Minimum Deposit

Coinbase Pro minimum deposit is actually officially stated as $0 but it is clear to any aspiring crypto enthusiast that a $0 account balance is not going to get you very far with buying any crypto.

It could be assumed that someone opting for Coinbase Pro will already be holding crypto in some way, shape, or form, and in which case the minimum deposit level is rather irrelevant as you can choose to transfer crypto into Coinbase or Pro.

For the purposes of this guide, we are covering the Coinbase minimum deposit from a fiat, or cash, perspective, as opposed to direct cryptocurrency deposits.

If you are already a holder of cryptocurrency from an alternative exchange or wallet, then it is possible to transfer these into your Coinbase wallet effectively as a crypto deposit. 

TABLE OF CONTENTS | VISIT COINBASE

What is the recommended Coinbase minimum deposit

The Coinbase minimum deposit recommendation is mentioned as $50, but why is this different from the actual minimum allowed? Well, whilst it is a good thing for inclusivity that the minimum deposit with Coinbase is set so low across the board, the reality is that you cannot really make many crypto purchases with a $2 level.

If you are a beginner to cryptocurrency, it could be assumed that you may want to pick one of the larger, more well known coins. In which case, the minimum order size that is offered on the Coinbase platform is 0.001BTC, 0.01ETH, or 0.01BCH which at this time has a lowest order value of around $28 for ETH, or $40 for BTC. 

So in short, if you do actually wish to purchase any cryptocurrency on Coinbase, you will likely need a deposit of at least those amounts above to get going with some of the major coins. The standard recommendation on Coinbase website is $50 or equivalent for that reason, which would provide you with some options in terms of your real entry level into the crypto market.

International reach, and a variety of fiat currency options to operate your account in with Coinbase

Coinbase supports customers from various International regions and more than 100 Countries, including UK, US, European, Australian, Canadian and Singaporean customers but at this stage, users from Malaysia are not supported. You will get to choose the fiat currency in which your account is typically working in, but this can vary based on your Country of domicile.

The main fiat currencies supported are GBP, USD, and EUR and the list of approved Countries can be found below. (Please note that European Countries are listed separately).

Coinbase List Of Approved Non European Countries

The Coinbase minimum deposit and methods of deposit can vary depending on the Country in which you are based so you will find below a breakdown of some of the differing regions or currencies. It is important to follow your countries Coinbase minimum deposit requirements, if you do not load enough into your account you will not be able to start trading at your earliest.

TABLE OF CONTENTS | VISIT COINBASE

Coinbase Minimum Deposit UK

Although the official Coinbase minimum deposit UK to operate a GBP account does not change from the standard £2, it is recommended by Coinbase that if you are loading your account from a UK bank and wish to have instant verification then you proceed with a minimum deposit of £50. This may speed up the process and grant you instant access to the Coinbase trading platform.

UK customers of Coinbase are able to load cash into their accounts by using either Faster Payments and SEPA transfer. This can take up to 1 to 3 business days, meaning it is not instantaneous, so if you want to transact quicker than this, you will need to consider the alternatives. This may not be ideal if you do not want to wait that length of time, but the Coinbase minimum deposit or additional funds can be loaded to your account instantaneously by using a credit or debit card via 3D secure card. 

To cash out, Coinbase offers two options, which are Paypal, and Instant Card/Bank Cash Out.

Cashing out via Paypal can take up to 1 business day, which is still very competitive to the wider market. It is worth noting however that if your Paypal email address does not match your Coinbase email address, you would need to conduct a two step verification as a standard part of the KYC. The country and region must also match. As a standard policy, only 1 paypal account can be linked to one Coinbase account at any one time. If you would like to switch linked accounts, you must first unlink the previous account, and then link up the new and preferred account.

The other option would be an instant card/bank cash out. This process can take around 30 minutes on most occasions, but the guidance is to allow up to a maximum of 24 hours. 

The minimum withdrawal amount is set in line with the minimum fee you are charged for your Coinbase withdrawal which is set at £0.55. The Instant card cashout fee is set at 2% of the withdrawal amount, with the above minimum holding true, but the greater of either paid.

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Coinbase List Of Approved European Countries

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