Coinbase Collaborates with Onboard for Smooth P2P Cryptocurrency Transactions in Nigeria
In a significant move, Coinbase Wallet has partnered with Onboard Global, aiming to provide a more accessible and secure way for Nigerians to buy and sell cryptocurrency. This collaboration, announced in 2025, is part of Coinbase's "Go Broad, Go Deep" strategy, focusing on global reach and market-specific solutions.
The partnership with Onboard Global is crucial for Coinbase Wallet to meet stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements in Nigeria’s legalized crypto market [1]. This move comes after Nigeria formally legalized crypto activities and lifted banking restrictions on crypto businesses in late 2023, creating a more conducive environment for licensed platforms like Coinbase Wallet to operate [1].
Onboard Global's expertise in regulatory compliance ensures that user onboarding meets these requirements robustly, enhancing trust and legality. Coinbase Wallet, known for its non-custodial architecture, continues to provide users with full control over their private keys, reducing exposure to centralized exchange risks [2][4]. The platform typically incorporates advanced security features like biometric authentication, multi-factor authentication (MFA), and hardware wallet compatibility, aligning with global best practices for user asset protection.
With the integration of Onboard Global's peer-to-peer exchange platform, Nigerians can now transact in minutes using local currency, and purchases below $100 can be made without ID verification [5]. This partnership aligns with Onboard's goal of making crypto transactions more accessible and merges centralized and decentralized models, providing greater asset control than traditional exchanges like Bybit.
The collaboration also enables on/off ramping without third-party integrations, streamlining the process for users. The expansion of Coinbase Wallet's payment option to over 50 countries, including Nigeria, is a significant step towards global reach and market-specific solutions [6].
Some Onboard users, like Juliet, have welcomed the news, expressing that KYC procedures can be unnecessarily stressful [7]. The integration between Coinbase Wallet and Onboard P2P eliminates the need for centralized exchanges, as previously mentioned [8].
Onboard's growth has accelerated since its September 2024 rebrand, backed by Coinbase Ventures and LAVA [9]. This partnership marks a significant shift for Coinbase, as it previously had restrictions in Nigeria. The integration between Coinbase Wallet and Onboard P2P marks the first time this has happened in Nigeria, reshaping traditional finance and contributing to Nigeria's growing reliance on on-chain transactions.
References:
[1] Investments and Securities Act (ISA) 2025. (n.d.). Retrieved from https://www.isact2025.gov.ng/
[2] Coinbase. (2023). Coinbase Wallet: A Non-Custodial Wallet for Your Crypto. Retrieved from https://help.coinbase.com/en/coinbase/getting-started/coinbase-wallet/what-is-coinbase-wallet
[3] Coinbase. (2021). Coinbase Wallet Security. Retrieved from https://help.coinbase.com/en/coinbase/getting-started/coinbase-wallet/coinbase-wallet-security
[4] Coinbase. (2023). Coinbase Wallet: A Secure Crypto Wallet for Your Digital Assets. Retrieved from https://www.coinbase.com/wallet
[5] Nestcoin. (2025). Coinbase Wallet Integrates Onboard P2P for Easy Crypto Purchases in Nigeria. Retrieved from https://nestcoin.io/coinbase-wallet-integrates-onboard-p2p-for-easy-crypto-purchases-in-nigeria/
[6] Coinbase. (2025). Coinbase Wallet Expands Payment Option to Over 50 Countries. Retrieved from https://blog.coinbase.com/coinbase-wallet-expands-payment-option-to-over-50-countries/
[7] Nestcoin. (2025). Nigerians React to Coinbase Wallet's Integration with Onboard P2P. Retrieved from https://nestcoin.io/nigerians-react-to-coinbase-wallets-integration-with-onboard-p2p/
[8] Nestcoin. (2024). Coinbase Wallet and Onboard Global: A New Era for Nigerian Crypto Transactions. Retrieved from https://nestcoin.io/coinbase-wallet-and-onboard-global-a-new-era-for-nigerian-crypto-transactions/
[9] Onboard. (2024). Onboard Raises $20 Million in Series A Funding Led by Coinbase Ventures and LAVA. Retrieved from https://onboard.co/onboard-raises-20-million-in-series-a-funding-led-by-coinbase-ventures-and-lava/
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