Coinbase, the largest U.S. cryptocurrency exchange, appears to have quietly opened registration for mainland Chinese users, according to social media reports on July 14, 2026. Users claim they can now complete KYC verification using China's second-generation ID card and a +86 mobile phone number, with some passing the initial check in as little as one minute. However, the exchange has not made an official announcement, leaving potential risks regarding account restrictions and fiat currency transactions.
Sudden Policy Shift
Coinbase has long maintained a strict compliance stance, listing mainland China as a restricted region. But recent user tests suggest a notable change. Screenshots shared online show that the registration process now accepts Chinese national IDs and local phone numbers, and some testers reported passing the preliminary review without needing to provide proof of overseas address. This marks a potential reversal of Coinbase's previous policy toward Chinese users.
Risks Remain Despite Access
Despite the apparent opening, Coinbase has not confirmed the change officially. This could mean the move is a limited trial or a system test. Users should be aware of two major risks. First, accounts may face restrictions or freezing if Coinbase detects the user's actual residence is in China, and fiat deposit and withdrawal functions may not work properly. Second, while holding crypto is not illegal in China, trading on overseas platforms involves strict foreign exchange controls and bank risk management. Using peer-to-peer (C2C) trading for fiat conversion could trigger bank account freezes.
Caution Advised
For those considering registration, experts recommend starting with a very small amount to test wallet and transfer functions. Users should monitor Coinbase's official announcements closely and avoid large transactions until the policy is clarified. The situation remains fluid, and the lack of an official statement means the current access could be withdrawn at any time.