Coinbase Wallet has partnered with Transak, a leading fiat-to-crypto gateway, to streamline cryptocurrency purchases for users in the Philippines and Thailand. This integration eliminates traditional onboarding barriers by offering localized payment methods and seamless KYC processes.
Key Benefits of the Integration
- Localized Payments: Users in the Philippines can pay via GCash, Maya, GrabPay, or cards, while Thai users gain access to bank transfers and card options.
- Reduced Fees: Lower transaction costs compared to traditional exchanges.
- Self-Custody Security: Funds remain in users' control via Coinbase Wallet’s non-custodial infrastructure.
Southeast Asia’s Crypto Growth
Southeast Asia (SEA) has emerged as a hotspot for Web3 adoption, driven by:
- Rising demand for decentralized finance (DeFi).
- Increased smartphone penetration.
- Favorable regulatory developments in countries like Thailand.
👉 Explore Coinbase Wallet’s features
How Transak Enhances Coinbase Wallet
- Global Reach: Supports 125+ countries with 130+ crypto assets.
- Compliance: Handles KYC, risk monitoring, and customer support.
- Speed: Direct crypto deposits to self-custody wallets post-payment.
Hassan Ahmed, Regional Director at Coinbase, noted:
"This integration empowers SEA users to access Web3 securely, aligning with our mission to democratize crypto ownership."
Step-by-Step Guide to Buying Crypto via Transak
Step 1: Open Coinbase Wallet
Available on iOS/Android devices.
Step 2: Select "Buy"
Navigate to the top menu and tap "Buy" to launch Transak’s widget.
Step 3: Enter Purchase Amount
Minimum/maximum limits vary by country and currency.
Step 4: Choose Payment Method
Opt for local options like GCash (Philippines) or bank transfers (Thailand).
Step 5: Review Fees
Click "See calculation" to check exchange rates and fees.
Step 6: Complete KYC (if required)
First-time users undergo a quick verification process.
Step 7: Confirm Purchase
Cryptocurrency is delivered directly to your wallet address.
Frequently Asked Questions
Q: What currencies does Transak support?
A: Transak accepts multiple fiat currencies, including PHP (Philippine Peso) and THB (Thai Baht).
Q: Is Coinbase Wallet free to use?
A: Yes, but network fees apply for blockchain transactions.
Q: How long do Transak transactions take?
A: Most purchases complete within minutes, depending on payment method.
Q: Can I use Transak outside Southeast Asia?
A: Absolutely—Transak operates in 125+ countries globally.
About Coinbase
Coinbase is a NASDAQ-listed platform (ticker: COIN) serving 100M+ users worldwide. It offers:
- Retail Trading: Easy-to-use interface for beginners.
- Institutional Tools: Advanced trading APIs and custody solutions.
About Transak
Backed by Consensys and Animoca Brands, Transak provides:
- Web3 Onboarding: API solutions for dApps and wallets.
- Compliance: Full regulatory adherence across jurisdictions.
"Our goal is to make Web3 accessible to everyone," said Sami Start, CEO of Transak.
For partnerships or inquiries, visit Transak’s official website.
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