Your local currency wallet allows you to store funds denominated in that currency as funds in your Coinbase account. You can use this wallet as a source of funds to make instant purchases. You can also credit this wallet from the proceeds of any sale. This means you can instantly buy and sell on Coinbase, exchanging between your local currency wallet and your digital currency wallets.
In order to activate your local currency wallet, you must:
To withdraw local currency from Coinbase, select your local currency wallet from the main screen, and select "Withdraw"
Make sure your desired payment method is selected, enter the amount denominated in your local currency, and select "Withdraw" to finalize the transaction. A confirmation will be displayed and an estimated time of arrival will be provided.
You can check on the status of your deposits and withdrawals at any time by selecting your local currency wallet and viewing the transaction list.
For customers in the US, local currency wallets are only available to states where Coinbase is either licensed to engage in money transmission, where it has determined that no such license is currently required, or where licenses are not yet being issued with respect to Coinbase's business. This includes all US states with the exception of: Wyoming, Hawaii, and Minnesota.
Supported European countries include: