TLDR: Coinbase Wallet has integrated Onboard P2P as an onramp option to make buying crypto easier around the world. Onboard lets anyone purchase crypto with local currency through a peer-to-peer exchange, without lengthy verification, and lower fees.

Coinbase Wallet and Base are committed to building a global onchain economy that increases innovation, creativity, and freedom. To achieve this mission, we need to make getting onchain as easy as possible – in every country in the world. However, a common barrier in many countries is being able to purchase crypto with local currency. Verification processes can be long and conversion rates lead to high fees.

To solve this, Coinbase Wallet is integrating with Onboard, a global peer-to-peer cryptocurrency exchange. With Onboard P2P, Coinbase Wallet users can purchase crypto using local currency from a network of seller merchants in as little as 5 minutes, with no need for ID verification if you buy under $100 USD in total.

How Onboard Works

Onboard operates a decentralized peer-to-peer exchange protocol that connects local buyers and sellers of cryptocurrency in different markets. The process works like this:

• Buyers select the cryptocurrency and amount

• Onboard matches the buyer to a seller in their region

• An escrow is set up to facilitate a secure trade for both parties.

• Once funds are confirmed, the cryptocurrency is released to the buyer

If you’re in Nigeria, try out the Onboard experience in Coinbase Wallet today. Simply select Pay with Onboard P2P when buying crypto. You’ll be directed to a simple and secure experience with Onboard, where you can select local payment options and be connected to a seller. Once payment is made, you’ll receive your crypto in as little as 5 minutes.

Expansion to More Countries in 2025

Nigeria is the first of many countries where Coinbase Wallet is offering easier access to Onboard’s peer-to-peer exchange. Onboard is aiming to enable its payment option in over 50 countries in the coming year, with Argentina, India, Indonesia, Kenya, the Philippines, and Turkey support coming soon. Contact Onboard if you’d like to be a merchant in these countries.