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 coinbase account in malaysia, using singapore bank account

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azores85
post Jan 17 2018, 05:41 PM

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Joined: Aug 2017
QUOTE(RC1234 @ Dec 30 2017, 06:45 PM)
Greetings all , since  luno is  down currently ,
I want to know  whether  anyone here has experience using Coinbase with singaporean bank for trading ?
Without residing/working in singapore or having singapore telephone.

We have plenty of relatives and friends in singapore but it  would  be a hassle to bug  them for  multiple transactions.

Thanks

Edit : Any advise on opening singapore bank account if  I am not working in sg or have anything to do there . iSavvy Maybank looks viable.
http://www.maybank2u.com.my/WebBank/iSAVvy...pForm010714.pdf
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To open Singapore coinbase account your internet connection needs to be located in SG (i.e. physically in SG or through VPN). If not your location will be permanently set to MY and you can’t do anything.

If you want to do bank deposits (assuming you have SG bank acct) coinbase uses a payment intermediate called Xfers. If you deposit large amounts you need to do KYC with xfers as well. Plus coinbase also needs sg ID to do verification before you can buy as well. Plus side is bank deposits have lower fees of 1.49%.

Also coinbase needs a phone number to send OTP. I doubt they will accept MY phone numbers if it’s a SG acct.

Hope that helps.

yan7181
post Jan 17 2018, 07:30 PM

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I just used my gf to register coinbase sg, and the xfer service is down, only can use debit card/credit card to purchase (3.4% fees). Besides, after purchase first sgd 100 worth of btc. My limits isn't upgraded yet.
rsritharan
post Jan 19 2018, 01:56 AM

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Joined: Sep 2013
QUOTE(yan7181 @ Jan 17 2018, 07:30 PM)
I just used my gf to register coinbase sg, and the xfer service is down, only can use debit card/credit card to purchase (3.4% fees). Besides, after purchase first sgd 100 worth of btc. My limits isn't upgraded yet.
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I'm selling my bitcoin - i can give better pricing than luno. Transaction will be in local bank - cash - bitcoin will be given to your address instantly
joeylny
post Jan 20 2018, 11:40 AM

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Joined: Jan 2003
From: Malaysia
QUOTE(azores85 @ Jan 17 2018, 05:41 PM)
To open Singapore coinbase account your internet connection needs to be located in SG (i.e. physically in SG or through VPN). If not your location will be permanently set to MY and you can’t do anything.

If you want to do bank deposits (assuming you have SG bank acct) coinbase uses a payment intermediate called Xfers. If you deposit large amounts you need to do KYC with xfers as well. Plus coinbase also needs sg ID to do verification before you can buy as well. Plus side is bank deposits have lower fees of 1.49%.

Also coinbase needs a phone number to send OTP. I doubt they will accept MY phone numbers if it’s a SG acct.

Hope that helps.
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There is a limit for Coinbase SG only $200 SGD per week coz xfers is temprary pausing any deposits so better stick to myr
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