December 31

Coinbase Review (Updated 2021)

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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

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.

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.

Compare Coinbase against other exchanges:

Exchange

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 

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 

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

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

USD

BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 5+ more

Wire transfer,Online banking 


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