Guide to KYC on Coinbase with a Saint Lucia Passport in 2025

Navigating cryptocurrency exchanges can be challenging, especially when you're holding a passport from a smaller nation like Saint Lucia. If you're a Saint Lucian citizen – whether by birth or through the Citizenship by Investment Programme – you might be wondering: Will Coinbase accept my Saint Lucia passport for verification?

The good news is yes – as of 2025, Coinbase fully accepts Saint Lucian passports for Know Your Customer (KYC) identity verification. However, there are important details to understand to ensure a smooth verification process.

In this comprehensive guide, I'll walk you through Coinbase's KYC requirements step-by-step, discuss legal considerations (both U.S. and international) for Saint Lucian users, and confirm exactly what documents you'll need to get verified. By the end, you'll know precisely how to use your Saint Lucia passport on Coinbase and what to expect regarding address verification, biometric steps, and regulatory safeguards.

Coinbase's KYC Policies in 2025: What You Need to Know

Coinbase operates as a U.S.-based cryptocurrency exchange with a notably strict compliance program. KYC is mandatory for all Coinbase users – there are no anonymous or "no-KYC" options available. Every customer must verify their identity before accessing any trading features.

This strict approach stems from Coinbase's obligations under U.S. law (particularly the Bank Secrecy Act) as a regulated financial institution. U.S. regulations require Coinbase to verify customer identities, maintain transaction records, and report suspicious activity as part of its anti-money laundering (AML) program. These KYC checks help Coinbase prevent fraud, money laundering, and other illicit activities on its platform.

Global Availability: As of 2025, Coinbase operates in over 100 countries – approximately 177 countries worldwide. The only regions Coinbase blocks are those under official sanctions (such as North Korea, Iran, Cuba, and Crimea) or certain jurisdictions with highly restrictive local laws.

Saint Lucia is not on any U.S. sanctions list and has no local prohibitions on Coinbase, so Saint Lucian residents are fully eligible to use the platform. In fact, Coinbase's help documentation explicitly lists "Saint Lucia – Driver's license, Passport, National ID card, Bank statement, Credit card statement, Utility bill" as accepted documents for identity/address verification. This means Coinbase officially welcomes users from Saint Lucia, and a Saint Lucian passport is recognized as a valid form of ID.

No Special Restrictions: Coinbase doesn't impose extra limitations on accounts simply because of nationality. Features like buying, selling, swapping, and staking crypto are generally available to all verified users regardless of their country of origin.

The key difference for Saint Lucian users is that Coinbase has no physical presence or license in Saint Lucia (unlike in the EU or UK). Saint Lucian customers register under Coinbase's international platform (governed by U.S. law), meaning your account falls under U.S. jurisdiction for compliance purposes. Practically, this means you'll need to complete a U.S. tax form for non-U.S. persons (we'll discuss this later) and your account is overseen by Coinbase, Inc. in the United States.

Enhanced KYC in 2025: It's worth noting that Coinbase significantly strengthened its KYC/AML program in recent years. After a 2023 settlement with New York regulators over past compliance deficiencies, Coinbase invested heavily in more rigorous verification procedures. By 2025, identity document scans and biometric checks are standard for all users.

In short, Coinbase's KYC process is thorough but fair. As long as you follow the steps and provide the required information, Saint Lucian users are treated the same as anyone else from a supported country.

Eligibility of Saint Lucia Passport Holders on Coinbase

Bottom line up front: Yes, you can use a Saint Lucian passport to verify your identity on Coinbase. Saint Lucia is not on any prohibited country list, and Coinbase accepts passports from all supported countries worldwide. Your Saint Lucian passport is just as acceptable as a passport from the UK, Canada, or any other supported nation for Coinbase KYC purposes.

There are a few things to keep in mind for a smooth experience:

• Nationality vs. Residence: During signup, Coinbase will ask for your country of residence. If you live in Saint Lucia, select Saint Lucia as your residence. If you obtained Saint Lucian citizenship by investment but actually live in another country, you should select your true country of residence (where you physically live).

You can still use your Saint Lucia passport as your government ID document, regardless of where you live – the important part is to be truthful about your residence address. Coinbase uses your residence information for things like applicable laws and tax forms, so it must reflect reality.

• Age Requirement: You must be at least 18 years old to open a Coinbase account. This applies to all countries, including Saint Lucia.
• Account Jurisdiction: As mentioned, Saint Lucian residents will be using Coinbase's main platform (Coinbase.com), which is regulated by U.S. authorities. This means U.S. AML laws apply, and you will be classified as a "foreign" (non-U.S.) customer.

After verifying your ID, Coinbase will have you electronically sign a W-8BEN form to certify you are not a U.S. taxpayer. This form is a normal part of onboarding for all non-U.S. users on U.S. platforms. It has tax implications we'll detail later, but rest assured it's standard procedure.

• Supported Cryptos & Features: Saint Lucia's inclusion as a supported country means you have access to Coinbase's full range of cryptocurrencies and most features. Trading, converting, and staking crypto are available to you since no Saint Lucian law prohibits these activities.

Some features that require local support (like a Coinbase fiat wallet in local currency or a Coinbase debit card) are not available simply because Coinbase doesn't support the Eastern Caribbean dollar (XCD) or have banking partnerships in Saint Lucia. However, you can use USD on Coinbase and connect international payment methods (see details in a later section).

Essentially, once verified, your Saint Lucian nationality will not limit your ability to use Coinbase's services for crypto trading and investing.

Documentation Requirements for KYC (Saint Lucia Passport Holder)

When verifying your identity on Coinbase with a Saint Lucian passport, you'll need to provide several pieces of information and documentation. The KYC process involves multiple steps, but can be broken down into a few core requirements:

Personal Information

The first step is entering your personal details during account setup. You'll be asked for: your full legal name, date of birth, residential address, and phone number. Make sure your name and date of birth exactly match your passport, and that you use your current address in Saint Lucia.

Coinbase uses this basic profile information to cross-check against your IDs and to comply with regulations (for example, U.S. FinCEN rules require collecting these details as part of a Customer Identification Program). Providing an accurate address is important not only for Coinbase's records but also because it may be verified later.

Tip: Enter your address in the standard format used in Saint Lucia (including parish, etc.) to avoid any confusion during verification.

You'll also need to provide a valid email address (for account confirmation and communication) and set up a password. The email will be verified at the start of the process. Additionally, Coinbase will require you to verify a phone number – this is used for two-factor authentication (2FA) on your account, adding an extra security layer.

Government-Issued ID – Your Saint Lucia Passport

The centerpiece of Coinbase's KYC is verifying a government-issued photo ID. For Saint Lucian users, this will typically be your Saint Lucia passport (since it's a universally accepted ID). Coinbase also accepts a Saint Lucian driver's license or national ID card for identity verification, but a passport is often the easiest for international compliance.

When prompted to verify your identity, choose "Passport" as the ID type. You'll then need to upload photos of your passport's biographical page. Ensure the following for a successful upload:

• Valid, unexpired passport: Expired passports will be rejected.
• Clear, high-quality images: The entire photo page should be visible with all four corners. Take the photo in good lighting with no glare. All details (your photo, name, passport number, etc.) must be legible.
• Include the MRZ: The machine-readable zone (the two lines of numbers and letters at the bottom of the passport page) should be fully visible. Coinbase's automated system often uses this to help verify document authenticity.

You can upload the passport images via the Coinbase mobile app or webcam on the website. Double-check the images before submitting – if the system can't read something, it may delay your verification.

Saint Lucia passports are not as common as, say, a U.S. or UK passport, so the automated checks might not immediately recognize the document. If the first attempt fails, don't panic – try uploading a clearer photo or different angle. In some cases, Coinbase may fall back to a manual review by their compliance team if the automated system has trouble verifying a less-common passport.

Important: Coinbase only allows one primary ID document per account, so you'll generally use one passport (or ID). Make sure the document you choose is the one you want to stick with on your account.

Selfie / Liveness Check

After submitting your passport, Coinbase will perform a biometric identity check to ensure you are the same person shown in the passport. This usually takes the form of a selfie photograph or live video capture in the Coinbase app/website.

You'll be prompted to enable your device's camera and take a selfie in real-time. Coinbase's interface will guide you (for example, asking you to center your face). This step confirms "liveness" – that a real person is verifying, not just a stolen ID upload. The biometric data from the selfie is matched to your passport photo to confirm they belong to the same person.

Here are some tips for the selfie step:

• Do it in a well-lit area and ensure your full face is clearly visible (remove any glasses or hats that weren't in your passport photo).
• Follow any on-screen instructions, which might include blinking, turning your head, or just a straightforward gaze, depending on Coinbase's current system.
• This usually only takes a minute. Once the selfie is taken, Coinbase will process it and compare to your ID automatically.

Biometric verification has become standard across crypto exchanges by 2025. Coinbase's selfie check is a standard security step that protects you by preventing someone else from using your passport photo without actually being you.

Proof of Address (if required)

In many cases, uploading your ID and selfie will be sufficient to get verified on Coinbase. However, because passports do not contain your address, Coinbase may also ask for a document to verify your residential address.

Whether this is required can depend on various factors (your country's regulations, risk assessments, etc.). Don't be surprised if after your passport verification you see a prompt to upload a "Proof of Address" document – this is normal, especially for users outside major markets.

Coinbase's accepted proof of address documents for Saint Lucia include common items like:

• Utility bill (electricity, water, internet or phone bill) with your name and address
• Bank or credit card statement showing your address
• Government-issued correspondence (e.g. a tax notice or voter registration) with your address
• Lease or mortgage statement for your residence

Any address document should be recent (within the last 3 months) and must show your full name and your Saint Lucia address exactly as you entered it on Coinbase. The document also needs to be in English (or an official language like English; Saint Lucia's documents are usually in English).

Why might Coinbase ask for this? In some jurisdictions, regulations mandate collecting a proof of address to corroborate a customer's location. Also, Coinbase's policy states that "an address is required on the ID document you provide to proceed with onboarding" – since a passport has no address, the system may request an additional file to satisfy that requirement.

Many users report that when using a passport, they had to upload a utility bill or similar as the final step. By contrast, if one uses a driver's license that shows an address, Coinbase might not separately ask for a bill. So be prepared to provide proof of address when using your passport.

Tips for proof of address: If you have household bills in your name in Saint Lucia, those are ideal. Make sure the name/address on the bill exactly matches what you put in your Coinbase profile (if you recently moved or the bill has a slight variation of your name, update it if possible). Scan or photograph the entire document clearly – all corners visible, and no information cut off.

Additional Background Information

As part of the sign-up flow, Coinbase may ask a few multiple-choice questions about your intended use of the platform and financial situation. This can include questions about your employment status, source of funds, and how much you plan to trade. These are part of Coinbase's Customer Due Diligence (CDD) process to build a basic risk profile for compliance.

For example, you might be asked:

• "What will you use Coinbase for? (Trading, Investing, Payments, etc.)"
• "What is the source of the funds you will deposit? (Savings, Salary, Business income, etc.)"
• "What is your approximate annual income or net worth range?"
• "About how much do you expect to trade per year?"

Answer these honestly. All users get these questions, not just Saint Lucians. They are not trying to disqualify you, but inconsistent or evasive answers could raise flags later.

If you are a Saint Lucian by investment (CIP) and your source of funds is business proceeds or savings that enabled your investment, it's fine to say so. You don't need to hide the fact that you have significant assets – Coinbase just wants a general understanding for AML purposes. For most users, this is a brief form and doesn't lead to any follow-up.

Tax Information (W-8BEN for Foreigners)

Because Coinbase is a U.S. company, foreign users (non-U.S. persons) are required to certify their tax status for U.S. tax law compliance. During the KYC process (often toward the end or right after identity verification), Coinbase will prompt you to complete an electronic Form W-8BEN.

This is an IRS form that basically says "I am not a U.S. tax resident or citizen, I am a resident of X country" – in your case, Saint Lucia.

Filling out the W-8BEN is straightforward: it will already have your name and address from your profile, and you just confirm your country (Saint Lucia) and sign electronically. By signing, you certify that you are a foreign person for U.S. tax purposes.

Why this matters: If you ever earn income from Coinbase that is considered U.S.-sourced (for example, certain staking rewards, interest on USD assets, etc.), U.S. law imposes a withholding tax for foreign users. The default rate is 30% unless reduced by a tax treaty.

Saint Lucia does not have a tax treaty with the U.S., so Saint Lucian users are subject to the full 30% on any U.S.-source income from Coinbase. This sounds high, but note: this only applies to specific types of passive income (like interest or rewards). It does not apply to your crypto trading gains or principal – trading crypto is not considered U.S. sourced income for foreigners.

It mainly affects things like if Coinbase Earn or Staking payouts are classified as U.S. income. In those cases, Coinbase might withhold 30% of that reward for IRS compliance (and you'd receive a 1042-S tax form annually summarizing any withheld amounts).

Completing the W-8BEN is essential; without it, Coinbase might assume you're a U.S. person or not certified and could block certain features or apply withholding anyway. It's standard for any foreign customer on a U.S. financial platform. After you submit it (digitally), you likely won't have to think about it again, except to renew it every few years (W-8 forms are generally valid for 3 years).

Coinbase Verification Process: Step-by-Step for Saint Lucia Users

Now that you know what documents and information are needed, here's an overview of how the KYC process unfolds on Coinbase from start to finish. This guide assumes you're signing up fresh with residence in Saint Lucia and using a Saint Lucian passport:

1. Account Creation

Go to Coinbase's website or download the Coinbase mobile app. Start by creating a new account with your email and a secure password. You'll be asked to verify your email address (Coinbase will send a confirmation link – click it to confirm).

Next, you'll input basic personal details: your full name, date of birth, address, country of residence, and phone number. Make sure to select Saint Lucia as your country if you live in Saint Lucia. Enter your address exactly as it appears on any official documents.

Also provide your mobile phone number – Coinbase will send a text with a code to verify your phone as well. This sets up two-factor authentication for added security.

Accuracy is crucial. Ensure every field is correct and matches your IDs. Any mismatch (even a middle name or a slightly different address format) could delay verification. Once submitted, Coinbase might ask a few of those background questions about your crypto plans – answer those and proceed.

2. Select ID Type

After the profile info, Coinbase will prompt you to verify your identity to enable full account use. When this prompt appears, it will offer options for types of ID. Choose "Passport" as your ID type.

Coinbase's interface will list acceptable IDs; under Saint Lucia it will include passport, driver's license, or national ID. Select passport since that's what we're using in this guide.

The system will then prepare to capture your ID. You can typically choose to use your webcam or smartphone camera to take a photo of the passport live, or upload an existing photo file of the passport. Using the Coinbase mobile app often streamlines this (you can take a photo within the app), but uploading a clear scan works too.

3. Upload Passport Images

Now, upload photos of your Saint Lucian passport. You need to provide the main photo page (the one with your picture and details). If using a phone/webcam, frame the passport page and take the picture. If uploading, select the image file from your device.

Before confirming the upload, double-check the image quality:

• All personal details and the passport number are sharp and readable.
• The entire page is captured (edges aren't cut off).
• The MRZ bands at the bottom are visible.

Coinbase will upload the image and start processing it. This may take a minute or two. If the image is blurry or some detail is not recognized, Coinbase might immediately prompt you to retry with a better photo.

Don't hesitate to retake the photo if necessary; it's better to get it right now than to have to troubleshoot later.

For many users, Coinbase's system will successfully scan the passport and proceed. In some cases, especially with passports that its system doesn't see as often, this step might be sent for manual review by Coinbase's team.

4. Complete the Selfie Check

Immediately after the passport upload, Coinbase will initiate the facial verification step. On the app or site, you'll see instructions to enable your camera for a selfie. Follow the prompts to take a clear picture of your face.

In some cases, it might ask you to take a short video or turn your head; in others, a straightforward selfie is all that's needed.

This process is usually automated and quick. Make sure you:

• Look straight at the camera, with a neutral expression (a slight smile is okay).
• Hold the camera steady; use good lighting (natural light or a bright room is ideal).
• Ensure your face fills the guided frame in the interface.

Once captured, submit the selfie. Coinbase will compare it to your passport photo. This is a real-time biometric match to prevent identity fraud. Within a few seconds, you should get a confirmation that the selfie was successfully captured.

If for some reason the system can't match your face to the ID (rare if your photos were clear), you might be asked to retake the selfie. Follow any such prompts if they occur.

5. Provide Additional Documents If Prompted

After the selfie, Coinbase will either mark your verification as complete (and move to Step 6), or it might prompt for that Proof of Address document we discussed earlier. If you see a screen asking for additional documents like a utility bill or bank statement, this is your cue that you need to upload an address proof.

Upload a photo or PDF of one of the acceptable documents (for example, a LUCELEC electricity bill, WASCO water bill, Flow statement, or a bank statement from a local bank). Ensure the document is recent and shows your name and address clearly.

The process is similar to uploading the ID: you'll either take a snapshot or upload an image file.

Only some users will have this step. If you don't get asked for an address document, it means your verification might proceed with just the ID and selfie. If you do get asked, just provide the document as requested.

This could be due to Coinbase's internal policies (perhaps all Saint Lucia accounts require address proof, or it could be random checks).

6. Waiting Period

Once you have submitted all requested items (ID, selfie, and address doc if needed), you wait for Coinbase to process and approve your KYC submission.

In many cases, this is very fast – for users in big countries, the automated system often verifies everything in a matter of minutes. As a Saint Lucian passport holder, if your documents were clear, you might also get almost instant approval (you'd see a "Identity Verified" message or receive an email within 5-10 minutes).

However, be prepared for a longer wait just in case. Since a Saint Lucia passport is not scanned as frequently, Coinbase's system might put your application into a manual review queue. If that happens, the verification can take several hours up to 48 hours.

Coinbase will email you once you're verified, or if they need any additional information. During this waiting period, avoid resubmitting documents or making changes to your profile, as that could complicate or reset the review process. Just be patient.

Most users from Saint Lucia report that verification is completed within a day if not instantly. If 2 days pass with no update, you can contact Coinbase support to politely inquire, but usually it won't come to that.

7. Account Approved – Start Trading

After approval, congratulations – your Coinbase account is now fully verified! You should see in your Coinbase profile that your Identity Verification status is "Verified." Now you can use all the functionalities of Coinbase.

At this point, you can link a payment method to deposit funds, or you can deposit cryptocurrency from an external wallet. Remember that Saint Lucia's local currency (Eastern Caribbean Dollar, XCD) is not directly supported on Coinbase.

You won't find an "XCD wallet" or the ability to fund with XCD on the platform. This isn't a Saint Lucia-specific snub – Coinbase simply supports only certain major fiat currencies (USD, EUR, GBP, etc.) and a handful of others.

This means you will be transacting in a major currency, likely USD, on Coinbase.

Practically, for a Saint Lucian user, there are a few ways to fund your account and use Coinbase:

• Credit/Debit Card: You can add an international debit or credit card to Coinbase to buy crypto. The card will be charged in one of Coinbase's supported currencies (often USD). For example, if you use a Bank of Saint Lucia Visa card, it might charge your account in XCD but convert to USD for the Coinbase purchase. (Be mindful of any foreign transaction fees your bank might charge.)
• Bank Transfer: Coinbase might not support linking a Saint Lucia bank directly, but you could do an international wire transfer in USD to Coinbase's account if you plan to deposit a larger sum. This involves converting XCD to USD via your bank. Check Coinbase's help for instructions on wire deposits (the wire would go to a Coinbase bank in the U.S. with your reference code). Fees can be higher for international wires.
• Crypto Deposits: If you already have some cryptocurrency in another wallet or exchange, you can simply transfer crypto into your new Coinbase wallet address. This way you avoid dealing with fiat at start. Once on Coinbase, you could trade the crypto for other coins or stablecoins.

Many Saint Lucian users will opt to use Coinbase in USD. Your default display currency on Coinbase might even show as USD. If you sell crypto on Coinbase, you'll receive USD (or a USD-pegged stablecoin like USDC) in your account.

Since XCD is pegged to USD at a fixed rate (1 USD = 2.7 XCD), it's fairly straightforward to mentally convert figures. When withdrawing money back to your local bank, you'd likely withdraw USD (from Coinbase to your bank via international transfer) and then have your bank convert to XCD.

One thing to note: Coinbase's services are uniform globally, but certain features can vary regionally. For example, staking rewards (earning interest on your crypto) are available to most non-U.S. users, including those in Saint Lucia, because Saint Lucia hasn't prohibited it.

In contrast, U.S. users face restrictions on some staking products due to SEC regulations. So, Saint Lucian users may actually have more freedom in accessing features like Coinbase Earn or staking than a U.S. user would.

Finally, security: Now that your account is live, take advantage of security features. Ensure 2FA is on (by default with your phone, but you might switch to an authenticator app for more security), and never share your Coinbase login or codes with anyone. Your identity verification means your account is tied to you; protecting it is crucial.

Legal and Compliance Considerations for Saint Lucian Coinbase Users

Using Coinbase as a Saint Lucian involves not just Coinbase's internal policies but also various laws and regulations. Here we break down a few key points on compliance that you should be aware of:

Coinbase's Jurisdiction Policies for Saint Lucia

Coinbase's policy is to block only those countries under sanctions or other legal prohibitions. Saint Lucia is not on any such list, so Coinbase allows Saint Lucian residents to sign up freely.

There are no geo-blocks on Saint Lucian IP addresses – if you are physically in Saint Lucia, you can access Coinbase's website and app without issues. You do not need a VPN or any workaround.

In fact, using a VPN to disguise your location is not recommended; Coinbase warns that using VPNs or Tor to bypass location rules can lead to account closure. Since Saint Lucia isn't blocked, you should always log in with your true location.

The only caveat is if you travel to a country that is restricted. For example, if you visit a sanctioned country, you likely won't be able to use Coinbase there. But within Saint Lucia (and most of the world), you have normal access.

Also note that Coinbase does not currently have a localized Saint Lucian version or local currency trading pair, but that doesn't affect compliance – it's a business decision on supported currencies.

U.S. AML/KYC Laws Affecting Saint Lucian Users

Coinbase being a U.S. company means it adheres to U.S. Anti-Money Laundering (AML) laws and Know Your Customer rules, which apply to all users globally on the platform. Key U.S. regulations and how they affect you:

• Bank Secrecy Act (BSA) & FinCEN Regulations: The BSA (a cornerstone U.S. AML law) requires Coinbase to conduct KYC, maintain records, and report suspicious transactions. As a result, you had to provide identity documents and will be monitored for large or unusual transactions.

Coinbase implements a Customer Identification Program (CIP) pursuant to FinCEN rules, meaning they must verify your name, DOB, address, and identification number (passport number). This is why the sign-up insisted on those details.

It doesn't matter that you're Saint Lucian – from Coinbase's perspective, you're just a "customer" who must be verified like any other. FinCEN also requires Coinbase to screen users against sanction lists (which would have caught if you were on e.g. an OFAC list – almost certainly you are not). They also assign risk ratings to each customer.

• Enhanced Due Diligence (EDD): U.S. regulations and global standards (FATF guidelines) say that if a user is higher-risk, exchanges should apply extra scrutiny. While Saint Lucia is not sanctioned, it has been identified by some international bodies as having certain AML risks (more on that below).

Coinbase's compliance team might flag some Saint Lucian accounts for a closer look, especially if large amounts are involved or something seems off. This could mean they ask you for more information, either at sign-up or later (for instance, proof of funds source for a very large deposit).

The key for users is to respond cooperatively if Coinbase ever reaches out for additional info. It's part of their regulatory obligations. In 2023, New York's financial regulator fined Coinbase and mandated it improve EDD procedures, so by 2025 Coinbase is more proactive in checking things that seem risky.

• OFAC Sanctions Compliance: Coinbase cannot do business with individuals on U.S. sanctions lists (OFAC lists). Saint Lucia itself isn't subject to sanctions, and it's rare for any Saint Lucian individual to be on such a list.

Just be aware: if someone were on an international sanctions list, Coinbase would freeze or deny the account. This is not a concern for the vast majority of Saint Lucian users, but it's part of the compliance background.

• Tax Reporting: We discussed the W-8BEN and potential 30% withholding on U.S.-source crypto income. If you do earn any such income (like staking rewards on Coinbase), Coinbase may issue you a Form 1042-S at tax time, showing the amounts paid and tax withheld.

This is an IRS requirement. You as a Saint Lucian might not need that form for anything on your end, but keep it for records. On the flip side, Coinbase will not issue you a 1099 tax form for trades since you're not a U.S. taxpayer.

Saint Lucian AML Regulations and Coinbase

From the Saint Lucia side: Saint Lucia in recent years has been working to strengthen its own AML/CFT (Counter Financing of Terrorism) framework in line with international standards. In 2022, Saint Lucia passed the Virtual Assets Business Act to regulate crypto service providers operating in Saint Lucia.

This law requires anyone in Saint Lucia offering crypto exchange or wallet services to get licensed by the Financial Services Regulatory Authority (FSRA) and comply with AML rules. However, as a user of Coinbase, this law doesn't directly affect you, because Coinbase is not based in Saint Lucia (it's based in the U.S.).

You as a consumer are allowed to use foreign crypto services; the local law is targeting businesses setting up shop in Saint Lucia.

What it does signal is that Saint Lucian authorities are aware of crypto and want to ensure AML compliance. The Saint Lucia Financial Intelligence Authority (FIA) and FSRA expect individuals and businesses to be cautious and compliant.

They have echoed FATF's recommendations that crypto transactions should be traceable and subject to customer due diligence. This is perfectly aligned with what Coinbase is doing with KYC.

In short, by using Coinbase and completing KYC, you are already fitting into the compliant approach that Saint Lucia's regulators envision. There is no law in Saint Lucia prohibiting citizens from using cryptocurrencies or exchanges, as long as they are not doing so for illicit purposes.

Saint Lucia is part of the Caribbean Financial Action Task Force (CFATF) and undergoes mutual evaluations of its AML regime. There have been past concerns about Saint Lucia's AML effectiveness, partly due to its offshore banking and citizenship by investment programs.

For instance, the European Commission has in the past listed Saint Lucia among countries with strategic AML deficiencies (a "high-risk third country" list). Additionally, reports noted that individuals charged with money laundering had purchased Saint Lucian passports, indicating potential misuse of the program.

These kinds of observations mean that compliance officers at exchanges like Coinbase might exercise a bit more caution with applicants from Saint Lucia (similar to how they would for applicants from other small international financial centers).

What does this mean for you? Practically, it could manifest as manual reviews or EDD as mentioned. Coinbase might internally tag Saint Lucia as slightly higher risk (not high-risk like a sanctioned country, but perhaps "medium risk").

You might face a request for additional info, or your account might be monitored more closely at first. Don't be alarmed – this is routine in the compliance world. As long as your funds are legitimate and your intentions are honest, you will pass any checks.

It's worth noting that by 2024, Saint Lucia had been working to improve and get out of the "high-risk" designation. The National Anti-Money Laundering Oversight Committee (NAMLOC) in Saint Lucia has been actively closing gaps in laws.

This is positive, and over time international perceptions will improve. For now, just be aware that as a Saint Lucian Coinbase user, you're operating under both U.S. and Saint Lucian compliance umbrellas – both of which are okay with you trading crypto, but both of which emphasize transparency and lawful behavior.

Coinbase Account Usage and Restrictions for Saint Lucians

Once verified, your Coinbase account functions like any other, but here are a few considerations:

• Funding in Foreign Currency: As covered, you'll be using USD or another supported currency for fiat transactions since XCD isn't supported. This isn't a "restriction" per se, just a practical limitation.

You might incur currency conversion fees when moving money between USD and XCD outside Coinbase. Some Saint Lucian users circumvent heavy bank fees by using stablecoins – for example, buying USDC on Coinbase, then withdrawing USDC to an exchange that has XCD cash-out options (though few do), or to a peer who wants USDC for XCD.

• Transaction Monitoring: Coinbase will monitor your account for suspicious activity (they do this for all users). If you start transacting very large volumes or send funds to risky addresses, their system might flag it.

They could request clarification or even suspend the account pending review. This ties back into AML compliance – just use Coinbase for legitimate purposes and you likely won't ever hear from the compliance team.

• Geo-travel: If you log in from countries other than Saint Lucia frequently (say you travel internationally), Coinbase might sometimes trigger a precautionary check (for example, asking you to re-verify ID or confirm it's you via extra email codes). This is for security.

If you permanently relocate, you should update your Coinbase profile address to the new country (provided Coinbase supports it). Being a Saint Lucian citizen doesn't lock your profile to Saint Lucia – Coinbase cares more about where you actually reside.

• Account Limits: Initially, new accounts have relatively low limits on buying or withdrawing until you build a history. Completing KYC raises your limits considerably, but you may still have some limits (often you can only withdraw a certain amount of fiat per day, etc.).

These limits are not specific to Saint Lucia – they apply to all new users and increase over time or upon request. Coinbase may allow you to further raise limits by providing additional verification.

• Coinbase Card: As of 2025, Coinbase issues a Visa debit card in some regions (US, EU, UK) that lets users spend crypto. This service is not available in Saint Lucia currently. So you won't be able to get a Coinbase Card for direct spending.

Cooperation with Authorities and Privacy

A reminder on privacy: Coinbase will share your information with law enforcement or regulators if legally compelled. This means if, for example, authorities in the U.S. or Saint Lucia (through proper channels) request information on accounts (perhaps part of an investigation), Coinbase can and does comply.

As a U.S. company, Coinbase primarily responds to U.S. legal requests (e.g., IRS, FBI, etc.), but through international cooperation they could also respond to Saint Lucian requests if they arose.

For a normal user, this is nothing to worry about – it's the same as your bank being able to provide records if a court orders them. The takeaway is: don't expect Coinbase to shield illicit activity.

Some people think using a second passport like Saint Lucia's might hide them – it won't. Coinbase knows who you are (after KYC) and will provide that info under legal duty, regardless of your citizenship.

On a positive note, this cooperation works both ways: it helps ensure the platform is not used by criminals, which protects everyday users. As long as you use Coinbase for legal trading/investing, your data stays private except for compliance uses.

Recent Developments in Saint Lucia's CIP and Regulations

Saint Lucia's Citizenship by Investment Programme (CIP) has been under international scrutiny (like all CIPs) to ensure it's not abused by bad actors. In 2023-2024, Saint Lucia implemented reforms to tighten due diligence on applicants and even raised the minimum investment amounts.

The goal was to enhance the program's integrity. For Coinbase users, this context is useful if you obtained your passport via CIP. It means the passport is seen as more credible now than perhaps in the past.

Still, as mentioned, compliance officers remain alert that second passports can be misused. If you're a CIP citizen living in Saint Lucia, you likely have all your documents in order (police certificates, etc., from your application) – essentially, you've been vetted by the Saint Lucian government already.

On the regulatory front, Saint Lucia's efforts to get off any "high-risk" lists will make life easier for citizens in global finance. If Saint Lucia succeeds in being removed from EU's AML high-risk list or avoids any FATF graylisting, exchanges like Coinbase will increasingly view Saint Lucia as a routine low-risk jurisdiction.

As of early 2025, Saint Lucia was in "enhanced follow-up" with CFATF but not on FATF's grey list – meaning improvements are underway and being recognized. This is good news for the reputation of a Saint Lucian passport in compliance circles.

Conclusion

Using Coinbase with a Saint Lucia passport in 2025 is not only possible but a straightforward process. Coinbase treats Saint Lucian passport holders just like other users from supported countries, requiring standard identity verification and adherence to global KYC/AML rules.

The process involves providing personal information, uploading your passport, taking a live selfie, and possibly confirming your address with a utility bill – after which you can access the full suite of Coinbase services. All of these steps serve a serious purpose: complying with U.S. regulations and international AML standards that Saint Lucia also supports.

Saint Lucian citizens should take comfort that Coinbase's acceptance of your documents has been verified by official sources – Saint Lucia is listed among supported ID jurisdictions on Coinbase. Coinbase's own policies and help center confirm that passports and other IDs from Saint Lucia are valid for verification, and only sanctioned countries are barred (which does not include Saint Lucia).

To recap key points for Saint Lucian Coinbase users:

• Prepare your documents: Have your Saint Lucia passport and a recent utility/bank statement on hand before you begin verification, to get it done in one go.
• Follow the steps carefully: Enter your info accurately, upload clear images, and complete any biometric prompts. The step-by-step guide above will help you avoid common pitfalls.
• Expect standard due diligence: Don't be surprised by the W-8BEN tax form or any questions about your funds – these are normal for a U.S.-based platform and are required by law.
• Use Coinbase confidently: Once verified, you can trade, invest, and stake crypto on Coinbase with no special limitations. Just remember your transactions will be in USD (or another major currency) as Coinbase doesn't support XCD directly.
• Stay compliant: Use your Coinbase account for legal, transparent transactions. Both Coinbase and local authorities are monitoring for illicit activity. By staying honest and responsive, you'll rarely, if ever, face any compliance hiccups.

Coinbase provides Saint Lucian users access to the global crypto market on a regulated, reputable exchange. By completing KYC and understanding the compliance context, you are well-positioned to leverage this platform.

Whether you acquired Saint Lucian citizenship as part of an investment strategy or you're a lifelong Saint Lucian exploring crypto, Coinbase offers a secure bridge to the crypto economy – bridging U.S. financial standards with Saint Lucia's growing crypto participation.