Coinbase Exchange Review: Features Security Fees & Supported Cryptos

Reviewer Verdict

Coinbase started in 2012 and is one of the most popular places for buying and selling crypto. It’s easy to use, has solid security and a big list of coins. It works well for beginners but some people say it’s expensive and sometimes support takes a while.

Coinbase logo

Pros and Cons

Pros:

  • Over 200 coins to trade
  • Simple to use even for beginners
  • Strong security with two-factor authentication
  • Offers educational resources

Cons:

  • Higher fees compared to some other exchanges
  • Support can be slow sometimes
  • Standard platform lacks some advanced tools

Trust and Safety

Coinbase has a strong record on security. It has two-factor authentication and keeps most of its funds offline. So far there have been no major hacks which makes people trust it more.

Tradable Instruments

Coinbase has a wide range of coins like:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)
  • Many others

It also lets you trade in fiat currencies like USD, EUR and GBP.

Account Types

Coinbase has two main account options:

  • Standard: Basic account for beginners
  • Coinbase Pro: For more experienced traders with lower fees and more tools

Commission and Fees

The fees depend on how you buy or sell:

  • Standard Platform: Higher fees usually around 1.49 percent
  • Coinbase Pro: Lower fees starting at 0.50 percent per transaction

Using Coinbase Pro can save you money on fees compared to the standard platform.

Trading Platforms

Coinbase gives you a few ways to trade:

  • Web Platform: You can use it in any browser
  • Coinbase Pro: Has more tools for experienced users
  • Mobile App: For iOS and Android to trade from your phone

Unique Features

  • Staking: Earn rewards by staking certain coins
  • Coinbase Earn: Learn about coins and earn a bit of crypto while you do it
  • Coinbase Card: Spend crypto directly with a card
Coinbase Features

Research and Education

Coinbase has some good resources for learning about crypto:

  • Coinbase Learn: Articles and guides
  • Coinbase Earn: Quick lessons that give you crypto for learning

Customer Support

Coinbase has support options including:

  • Help Center: FAQs and guides
  • Email Support: For questions
  • Phone Support: In some regions only

People say response times can be slow at busy times though.

Account Opening

To open a Coinbase account you:

  1. Sign up with an email and password
  2. Verify your identity with documents
  3. Set up two-factor authentication
Coinbase options

Deposit and Withdrawals

You can deposit and withdraw in a few ways:

  • Bank Transfers: For regular money deposits
  • Credit/Debit Cards: Quick purchases
  • Crypto Deposits: Move coins from another wallet

The fees and processing time depend on the method and currency.

Final Thoughts

Coinbase is a solid choice for crypto trading with good security and a wide selection of coins. It’s good for beginners but pros might want to use Coinbase Pro for the lower fees. Be aware of country limits and possible wait times for support.

Contact Info

FAQs

Is Coinbase safe?

Yes. Coinbase has a good reputation for keeping funds and info safe.

What coins can I trade on Coinbase?

You can trade over 200 coins including Bitcoin and Ethereum.

Are there fees for deposits and withdrawals?

Yes. fees depend on the method and currency. Check the Coinbase fee schedule for details.

Can I use Coinbase in my country?

Coinbase works in over 100 countries but some features may be limited depending on where you live.

Does Coinbase offer customer support?

Yes. Coinbase offers support through its Help Center email and in some areas phone support.