Coinbase is restricted in your area.
Coinbase is legal in the US. This peer-2-peer prediction exchange operates under regulatory oversight from the Commodity Futures Trading Commission. Anyone from the US over 18 and not from Nevada can sign up here and trade.
There are nuances to Coinbase US availability though that you have to consider. These include the signup process, the KYC requirements, and any limits on access while traveling outside the country. We look at these things below in detail, and we’ll also introduce you to the types of predictions you can trade at Coinbase right now.
Coinbase Availability in the US Explained
Coinbase is mainly a crypto exchange. You can sign up and buy and sell 20+ different tokens such as Bitcoin and Ethereum. However, it also has a P2P prediction market exchange. This is where you can trade yes and no contracts for real world predictions.
In terms of access, Coinbase is available in the US except in Nevada. Please note that this is subject to change. Prediction markets are regulated by the CFTC, but the scope of State access is always shifting due to challenges and propositions in the Senate and Congress. The following table gives you a basic overview of Coinbase availability and its antifraud measures:
Pros and Cons of Coinbase US
The list of Coinbase available states is great. Because of that, In terms of access, it’s one of the better P2P exchanges. It also knocks it out of the park for its prediction variety. You’ve got everything from sports and crypto to commodities and culture.
On top of that, it has some of the best trade volume you can find. Many of the markets have millions in trade volume for example, which lets you shift your contracts easier. Usability is spot on too, as Coinbase US has two mobile apps, and a clean, modern desktop site.
Potential drawbacks you might find include the lack of a published trading fee formula, and no
Coinbase Prediction Markets promo code
for new users.
Pros and Cons
- Features 15-minute crypto price predictions
- US and global election predictions
- Fiat and crypto payment methods accepted
How to Sign Up at Coinbase in the US
If you live in one of the available Coinbase States, you can trade predictions once you’ve created an account. You should be able to do this with the following steps:
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Use our Coinbase Prediction banners.
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Click the Sign Up button.
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Enter an email or use Google/Apple.
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Complete the rest of the form.
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Do the initial 2FA verification.
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Log in to your Coinbase account.
There should be a manual 2FA check as part of the signup process. This is done either via SMS, or a 2FA app like Google Authenticator. Once you’ve logged in, you are also required to do a full KYC check.
For this, you’ll have to upload an ID document and take a selfie. It takes a few minutes, but approval should be instant. Lastly, Coinbase may also require that you complete a questionnaire. This is to check you know what is involved with the site and that you understand the potential risks.
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Predict political event outcomes on Coinbase
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Coinbase offers predictions on sporting events
An Introduction to the Coinbase Prediction Markets
We now know that Coinbase is available in the US. But what does it offer in terms of prediction markets? Compared to other top brands, Coinbase has done a brilliant job with its markets, and you can trade the following:
- Sports.
- Crypto.
- Elections.
- Politics.
- Entertainment.
- Mentions.
- Commodities.
- Economics.
- Financials.
- Weather.
- Science and Tech.
- Companies.
- Socials.
There are typically 20+ predictions for each of these categories, and many of them have subcategories. For example, within the crypto section, there’s subcategories for the different crypto tokens.
The more popular predictions also often have $1 million+ trade volume, and even the more niche markets can have $100k+. This means liquidity isn’t an issue, and you should be able to get your orders matched. The below table shows a few examples of predictions that were live when this guide was written:
| Coinbase Prediction | Category | Yes | No |
Coinbase Is Available in the US in 40 States
Coinbase is available everywhere in the US except Nevada. You must also be over 18 and be able to fully verify your ID using something like a passport or driver’s license. If you meet the eligibility requirements, you can use the banners we have on this page and sign up at Coinbase now. This is one of the better P2P prediction exchanges, and it also has the benefit of its sister crypto exchange.
Coinbase US FAQs
💰 Can You Win Money with Coinbase Predictions?
You don’t win money. You have the chance to settle your Coinbase predictions in-the-money. This is when you get a prediction right. In this instance, you get a $1 return for each successfully settled contract.
💸 What Are the Coinbase Trading Fees?
They usually fall between $0.01 and $0.02 per contract. Coinbase has not published its trading fee formula. This means that we cannot work fees out. But, when you go to finalize a trade, you will see a breakdown including the trade contract cost and the fees.
🎉 Does Coinbase Offer Any Prediction Promotions?
No. You can get a crypto exchange signup offer at Coinbase. However, there isn’t a dedicated prediction market promotion.
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