Coinbase review: Coinbase is a leading digital currency exchange that was founded in 2012 by Brian Armstrong and Fred Ehrsam. The company is headquartered in San Francisco, California, and has quickly become one of the most trusted and reliable platforms for buying and selling cryptocurrencies. The exchange is available in over 100 countries and has more than 56 million users worldwide.
The exchange offers a wide range of services, including buying and selling cryptocurrencies, storage solutions, and a variety of tools for investors and traders. Users can easily buy and sell cryptocurrencies using the platform's simple interface. The exchange supports a number of popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
One of the most notable features of Coinbase is its high level of security. The exchange takes the security of its users' assets very seriously and has implemented a range of measures to protect against hacking and other types of attacks. These measures include two-factor authentication, cold storage of assets, and regular security audits.
| 📅 Year of Establishment | 2012 |
| 💱 Coins: | 230+ |
| 💰 Min deposit | From $2, depends on the user's country of residence |
| ⚖️ Leverage | 1:20 |
| 💹 Trading fees | from 0.50% to 4.50% depending on the type of transaction and trading volume. Coinbase also charges additional fees for certain features, such as quick buy/sell cryptocurrencies. |
| 💳 P2P platform | ❌ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Coinbase is headquartered in San Francisco, California, with additional offices in other locations worldwide. |
Overall Coinbase Review
This widely-used platform is a popular choice for buying, selling, and storing cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. With over 68 million verified users as of September 2021 and a trading volume of $335 billion, it is a major player in the cryptocurrency market. The platform is available in more than 100 countries, and its mobile app has been downloaded over 10 million times. In April 2021, the platform became a publicly traded company on the Nasdaq with a staggering valuation exceeding $85 billion.
Go to Coinbase.com website
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Geographic Distribution
Geography of clients (traders) of Coinbase
Top Reviews
Best customer reviews of Reviews
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While this platform has many positives, there are a few areas that I find lacking. One concern is that the fees can be relatively high compared to other exchanges, which can be problematic for frequent traders. Additionally, transaction processing times can be slow, particularly during periods of high market volatility, which can be frustrating when you need to execute a trade quickly.
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One feature that sets this exchange apart is the opportunity to earn rewards by holding certain cryptocurrencies, providing a way to earn passive income on your investments. Another benefit is the ease of transferring funds between accounts, which is particularly useful when sending money to friends or family who use the platform. Additionally, the exchange offers multiple payment options, including bank transfers and debit/credit cards, making it easy to buy and sell cryptocurrency. It's also worth noting that new cryptocurrencies are frequently added to the platform, providing more investment options for users. The mobile app is well-designed and offers a seamless experience for managing your account on-the-go.
United States
While there are many positive aspects of this exchange, there are also a few areas for improvement. For example, the fees can be relatively high compared to other cryptocurrency exchanges, which may add up over time for frequent traders. Another concern is the occasional slow processing time for transactions, especially during periods of high market volatility, which can be inconvenient when you need to make a quick trade.
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Expert Review
Expert Review of Coinbase
As a financial expert, I have reviewed the reliability of the Coinbase exchange and can confidently say that it is one of the most reliable cryptocurrency exchanges in the market today.
One of the significant benefits of using Coinbase is its security. The exchange stores more than 98% of its customers' funds in standalone cold wallets, making them less susceptible to hacking attempts. It also uses two-factor authentication and SSL encryption to protect its users' accounts from unauthorized access.
Coinbase also complies with regulatory requirements in the countries in which it operates. The exchange is registered as a money services business with the Financial Crimes Enforcement Network (FinCEN) in the U.S. and is licensed as BitLicense by the New York State Department of Financial Services. the exchange has also received a license from the Financial Conduct Authority (FCA) in the United Kingdom, which allows it to operate legally in that country.
Financial expert and analyst at TradersHero.com
Cryptocurrency trading on Coinbase comes with inherent risks that you should be aware of. As a financial expert, I advise you to consider the following risk factors before trading on an exchange: market volatility, cybersecurity threats, regulatory risks, liquidity risks and technical risks. It is important to do your research, understand the risks, and make an informed decision based on your financial goals and risk tolerance.
Coinbase Ern
Investment Programs
Coinbase is a popular cryptocurrency exchange that offers several ways for users to earn money through their platform. Here are some of the programs available on Coinbase:
It's important to note that investing in cryptocurrencies can be risky, and it's important to do your own research and only invest what you can afford to lose. Additionally, some of these investment programs may not be available in all countries, so it's important to check with Coinbase to see what investment programs are available to you.
Staking is participating in the process of checking new transactions on the blockchain, in which you fix your cryptocurrency for a certain period of time to earn a reward in the form of interest, usually in the same cryptocurrency.
It's important to note that staking rewards are not guaranteed and may vary depending on market conditions. Additionally, staking involves locking up your cryptocurrency for a certain period of time, and you may not be able to access it during that time. It's important to do your own research and understand the risks involved before staking your cryptocurrency.
Investment programs offered by Coinbase carry their own inherent risks, and users should thoroughly research and consider them before making any investment decisions. It's important to remember that investing in cryptocurrencies is highly volatile, and there are no guarantees for profits or returns. It's essential to carefully evaluate your financial situation and invest only what you can afford to lose.
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Conditions
Trading Conditions for Coinbase Users
Coinbase charges a fee on each transaction, which can vary depending on the volume of the transaction and the payment method used. Typically, the fee is between 0.5% and 4% of the transaction volume. Some cryptocurrencies may require a minimum deposit prior to trading, for example, for bitcoin the minimum deposit is 0.001 BTC.
On Coinbase, there are spreads between the buy price and the sell price, which means that the price at which you can sell a cryptocurrency may be slightly lower than the price at which you can buy it. The exchange can also set trading limits depending on your account verification level, which can be increased by providing personal information and documents.
The exchange supports several types of orders, including market orders, limit orders, and stop orders. Market orders are executed at the current market price, while limit orders allow you to set a specific price at which you want to buy or sell cryptocurrency. Stop orders are used to automatically sell a cryptocurrency when its price reaches a certain level.
| 📅 Year of Establishment | 2012 |
| 💱 Coins: | 230+ |
| 💰 Min deposit | From $2, depends on the user's country of residence |
| ⚖️ Leverage | 1:20 |
| 💹 Trading fees | from 0.50% to 4.50% depending on the type of transaction and trading volume. Coinbase also charges additional fees for certain features, such as quick buy/sell cryptocurrencies. |
| 💳 P2P platform | ❌ |
| 🔁 Copy Trading | ❌ |
| 📈 Directives | Spot trading, margin trading |
| 📊 DeFi Staking | ✅ |
| 🖼️ NFT | ✅ |
| 🏦 Crypto Loans | ❌ |
| 🔓 Demo account | ❌ |
| 🚀 Launchpad | ✅ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | Email, phone support, and an extensive knowledge base |
| 👩💼 Support | English-speaking customer support |
| 🗺️ Headquarters | Coinbase is headquartered in San Francisco, California, with additional offices in other locations worldwide. |
Risk Warning
Comparison
Comparison of Coinbase.com with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Coinbase Accounts, Commissions & Fees
Coinbase offers several types of accounts, including a standard trading account and a pro trading account. The standard account allows users to buy and sell cryptocurrencies at market prices, while the pro account offers advanced trading features such as limit orders, stop orders, and margin trading.
The exchange charges a commission per transaction, which varies depending on the payment method used and the size of the transaction. The commission structure is based on the maker-taker model, in which makers (users who add liquidity to the order book) pay a lower commission than takers (users who withdraw liquidity from the order book).
For standard trading accounts, fees range from 0.5% to 4.5% depending on the payment method used, with lower fees for bank transfers and higher fees for credit and debit card purchases.
For pro trading accounts, fees are based on a tiered structure, with fees decreasing as trading volume increases. The maker fee ranges from 0% to 0.50%, and the taker fee ranges from 0.04% to 0.50%, depending on the volume of trades executed in the previous 30 days.
In addition to transaction fees, Coinbase may charge other fees such as deposit and withdrawal fees, which vary depending on the payment method used. It's important to carefully review all fees and charges associated with using Coinbase to ensure you understand the costs involved.
When you place an order that immediately partially executes, you pay a commission for that portion. The remainder of the order is placed in the order book and, when matched, is considered a maker order. You pay the maker's commission for that remaining portion of the total order.
| Account type | Minimum deposit | Leverage | Transaction fee | Margin call / Stop out |
|---|---|---|---|---|
| Standard Trading Account | From $2 | Not available | 0.5% – 4.5% depending on payment method | N/A |
| Coinbase Pro Account | From $2 | Up to 1:3 | Maker fee: 0% – 0.50%, Taker fee: 0.04% – 0.50% depending on trading volume in previous 30 days | Margin Call: 25%, Stop Out: 20% |
What are the fees on Coinbase Pro?
Coinbase Pro uses a fee model that varies between makers and takers of orders. When placing an order at the market price and it is filled immediately, you will be charged a taker fee. If your order is placed on the order book and is filled by another customer's order, you will be charged a maker fee. The fees are calculated based on your current pricing tier at the time of placing the order, and are recalculated hourly based on your trading volume. Additionally, if your order is partially matched, you will pay a taker fee for the portion that is filled immediately and a maker fee for the remainder that is placed on the order book and filled later.
| Account type | Pricing Tier | Maker Fee | Taker Fee |
|---|---|---|---|
| LEVEL 1 | $0 – $10K | 0.60% | 0.40% |
| LEVEL 2 | $10K – $50K | 0.40% | 0.25% |
| LEVEL 3 | $50K – $100K | 0.25% | 0.15% |
| LEVEL 4 | $100K – $1M | 0.20% | 0.10% |
| LEVEL 5 | $1M – $15M | 0.18% | 0.08% |
| LEVEL 6 | $15M – $75M | 0.16% | 0.06% |
| LEVEL 7 | $75M – $250M | 0.12% | 0.03% |
| LEVEL 8 | $250M – $400M | 0.08% | 0.00% |
| LEVEL 9 | $400M+ | 0.05% | 0.00% |
Coinbase does not guarantee price pegs, and such pegs may fluctuate for reasons that include, but are not limited to, market conditions. When you place an order for stable pairs, the maker and taker pay a commission of 0.00% and 0.001% respectively.
Please note that some account types may have other parameters which are not specified in the table, such as instruments availability and trading platforms functionality. In addition, parameters may vary depending on the geographical location of the user. Please check the Binance website for up-to-date information.
Risk Warning
Final review
Detailed review of Coinbase
Coinbase is a popular and reliable cryptocurrency exchange founded in 2012 in San Francisco, USA. The platform offers a range of services for buying, selling, storing and trading cryptocurrency, including Bitcoin, Ethereum and many others. The exchange also offers a cryptocurrency storage wallet and a number of tools and resources for traders.
Like many cryptocurrency exchanges, Coinbase charges fees for its services, including a fee for buying or selling cryptocurrency, as well as additional fees for certain types of transactions. However, these fees are generally competitive with other exchanges in the industry.
One of the key features of Coinbase is its focus on security. The platform takes security very seriously and has implemented a range of measures to protect user accounts and funds. These measures include two-factor authentication, SSL encryption, and offline storage of cryptocurrency assets.
Exchange has a user-friendly interface that is easy to navigate, making it a popular choice for beginners and experienced traders alike. The platform also has a mobile app for iOS and Android, which allows users to manage their accounts and trade cryptocurrency on the go.
Overall, Coinbase has a strong reputation in the cryptocurrency industry, with a large user base and a track record of reliability and security.
Advantages:
Coinbase has a number of positive qualities. Below are six of them:
Coinbase.com Regulator
As of September 2021, the crypto exchange is regulated by several bodies, including the U.S. Securities and Exchange Commission (SEC), the Financial Crimes Enforcement Network (FinCEN) and the New York State Department of Financial Services (NYDFS).
In 2020, Coinbase became the first cryptocurrency exchange to be listed on a major US stock exchange, which has brought additional regulatory scrutiny to the company.
In the first quarter of 2021, the exchange said it received a Wells Notice from the SEC related to the planned launch of a credit product called Coinbase Lend.
Coinbase has stated that it intends to work with regulators to ensure compliance with all applicable laws and regulations. The company has also been vocal in advocating for clear and consistent regulatory guidance for the cryptocurrency industry.
It's important to note that regulations can change quickly and vary by country or region, so it's always a good idea to stay up to date on the latest developments in the regulatory landscape.
Risk Warning
Promotions
Bonuses Paid by the Coinbase.com
Bonuses
Coinbase offers different bonus programs to its users, depending on the country and region in which they are located. Here are some examples of bonus programs:
It's important to note that bonus programs can vary by country and region, and may be subject to terms and conditions. Users should always carefully read the terms of any bonus program before participating.
Education
Review of the Coinbase Education Program
Educational tools:
The Coinbase training course is a platform designed to provide users with educational resources on cryptocurrencies and blockchain technology.
Online Courses:
Below is a list of the best Coinbase courses and tutorials to help users understand this popular cryptocurrency exchange and learn more about cryptocurrency trading in general.
Best Online Trading Courses
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The Future of DeFi: Trends and Predictions for 2024
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Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
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Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
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Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
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Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
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The Future of Cryptocurrency: Predictions and Trends for the Next Decade
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Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
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Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
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Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
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Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
Coinbase Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
Coinbase is a great platform for beginners. The user interface is easy to navigate and the customer support is excellent. I appreciate the convenience of being able to buy and sell cryptocurrencies directly from my bank account. Overall, I highly recommend Coinbase.
I was disappointed with Coinbase’s high fees for buying and selling cryptocurrencies. Additionally, the verification process took longer than expected, which was frustrating. While the platform is user-friendly, the costs associated with trading made it hard for me to justify using Coinbase.
Coinbase is a decent platform for buying and selling cryptocurrencies. While I appreciate the convenience of being able to use my bank account, I wish there were more options for payment methods. Additionally, the fees can be high at times. Overall, it’s a decent platform, but there are better options out there.
I have been using Coinbase for several months now and have had a great experience. The platform is easy to use and the customer support is responsive. I appreciate the security measures that Coinbase has in place to protect my account. Overall, I would recommend this platform to anyone looking to trade cryptocurrencies.