Coinbase Review 2021 [SCAM or Legit] - Marketplace Fairness Act

Coinbase is the largest US based cryptocurrency exchange, it offers more than 30 different currencies and has been operating since 2012. When looking at trading volume, liquidity and traffic Coinbase also ranks as one of the largest in the world.

General company information

Web Address: www.coinbase.com
Main location: San Francisco, USA
Mobile app available: Yes
Trading Fees: Fees Vary

Deposit Methods: Bank transfer (ACH),Credit card,Debit card,Bank transfer (SEPA),Wire transfer
Cryptocurrencies: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC & 20+ more

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Coinbase fees and limits explained

When buying and selling you will be charged the higher of either the flat fee or the variable fee.

Flat Fee

Transaction value	Fee
$10 or less	$0.99
$10 to $25	$1.49
$25 to $50	$1.99
$50 to $200	$2.99

Variable Fee

Variable fees will depend on several factors including your location, deposit method and whether you’ve placed a “standard” order or an “instant buy/sell.”

Below are the fees for the US.

Method	Fee
Bank transfer	1.49%
Coinbase USD wallet	1.49%
Debit card	3.99%

Coinbase deposit and withdrawal fees:

All your deposit and withdrawal fees are included in the trading fees explained above.

Is Coinbase safe to use?

While cryptocurrency brokerages are not insured by the Securities Investor Protection Corporation, or SIPC, Coinbase has private insurance for its site which covers any losses due to theft or hacks of the site.
Coinbase holds a lot of licenses in different US states, including the New York BitLicense, and money transmitter licenses in different states. This is a great sign for users.
Coinbase does full KYC on all its users before they trade, it is a requirement if you want to use their platform.
Its worth noting that since its inception, Coinbase has never been hacked.
Coinbase pushes for 2FA to protect accounts and follows industry best practices which includes storing the majority of customer funds in cold storage.

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Pros and Cons of Coinbase?

Pros

Includes access to over 30 cryptocurrencies.
The minimum required to fund an account is very low.
Coinbase privately insures their own platform so your funds are safe in the event their is a hack.
They make it super easy to buy cryptocurrency.
Trustworthy: Been in business for close to a decade now and never been hacked.

Cons

Only available in 42 US states
Fees can be higher than their competitors
Service can change based on location.

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Compare Coinbase against other exchanges:

Fiat Currency	Cryptocurrencies	Deposit Methods	Visit
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more	ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC & 20+ more	Bank transfer (ACH),Credit card,Debit card,Bank transfer (SEPA),Wire transfer	Join
USD, EUR, AUD, CAD, GBP, JPY	BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS	Credit card,Debit card,Bank transfer (SEPA),SWIFT,Wire transfer	Join
USD, EUR, GBP, JPY, CAD, CHF, AUD	BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, BAT, ETC & 40+ more	Electronic Funds Transfer,Wire transfer,FedWire, SWIFT, SEN	Join
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more	BTC, XMR, DAG, ETH, XRP, EOS, LTC, TRX, NEO, ONT & 200+ more	Bank transfer (ACH), PayPal, Interac e-Transfer	Join
USD	BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 5+ more	Wire transfer,Online banking	Join