If you are looking to buy or sell a cryptocurrency, then Coinbase could be the solution to your problems.
Coinbase makes buying and selling cryptocurrencies simple and easy for both retail and institutional investors. If you’re wondering about signing up for a Coinbase account then continue reading my in-depth Coinbase review.
Coinbase is the best US based cryptocurrency exchange to buy and sell coins like Bitcoin, Ethereum, and other altcoins. It's the largest exchange in America with over 68 million verified users. I've used them since 2018 with zero issues. Highly recommended.
Pros and Cons
- Buy and sell over 60 different cryptocurrencies including Bitcoin, Ethereum, Cardano, Dogecoin, Shiba Inu and more
- Accepts major credit cards, wire transfer, bank accounts, and Paypal
- Store your crypto safely in cold storage using Coinbase vault
- Compatible with crypto portfolio tracking services like Cointracker.io
- Trading fees are the highest in the industry
- No 24/7 phone customer support
Full Coinbase Review
Coinbase is a digital cryptocurrency wallet and broker founded in June 2012 by Brian Armstrong.
Since 2012, 68 million people in over 100 different countries use Coinbase to buy, sell, and earn cryptocurrency.
In fact, Coinbase has grown so large that the company went public in April 2021 and trades on the NASDAQ under the ticker symbol: COIN. I also own shares in Coinbase stock because I believe the company will become the dominant global cryptocurrency exchange in the future.
I personally use Coinbase on a daily basis to not only track the prices of crypto coins like Bitcoin, but as a digital wallet for my coins.
While Coinbase isn’t perfect, I’m going to give my honest review using Coinbase and whether you should sign up or not.
Coinbase Quick Rundown
|Total Verified Users||68 million|
|Trading and conversion fees||.05% to 4.5% depending on several factors|
|# of tradable cryptocurrencies||106|
|Crypto to Crypto trading pairs||100+ in Coinbase Pro|
|Mobile App||2 separate mobile apps for Coinbase and Coinbase Pro available on Android and iOs|
|Customer Service||Email support. Emergency Phone number only to disable your account.|
|Signup Promotion||Get $10 in Free Bitcoin upon signing up.|
Cryptocurrency is a digital non-government asset that is traded on a blockchain.
You need a digital address to send and receive bitcoins along with a safe place to store them.
Coinbase provides a simple to use platform for trading multiple cryptocurrencies by linking a bank account or credit card to your account.
Coinbase offers over 100+ cryptocurrencies on Coinbase and Coinbase Pro for U.S. customers to trade.
Coinbase doesn’t support every single cryptocurrency but you have enough choices available in your wallet.
Coinbase supports 100+ countries around the world but certain countries can buy and sell crypto while others can only convert crypto. If your country doesn’t support buying or selling crypto then you can only convert, send, and receive crypto in your Coinbase account.
Supported Countries That Can Buy Crypto
United States, Canada, Mexico, Chile, Andorra, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia
Trading Fees & Costs
Coinbase’s fee structure is determined by several factors including the amount of crypto you purchase and your payment method.
- Coinbase charges a 0.5% spread on most crypto transactions
- Coinbase also charges an additonal fee depending on the total purchase amount and payment method
Here’s a quick breakdown of the fee structure:
|Total Trade Amount||Fee|
|$10 or less||99 cents|
|More than $10 and up to $25||$1.49|
|More than $25 and up to $50||$1.99|
|More than $50 and up to $200||$2.99|
Using a bank account is 1.49% while paying with a debit /credit card is 3.99%.
You’ll save a bit of money over time if you link your bank account and use ACH transactions.
Read our Coinbase fees guide to learn how to reduce costs and avoid hidden charges.
Coinbase offers two separate trading platforms based on your needs: Coinbase and Coinbase Pro.
Coinbase Pro is a more advanced digital trading app for active traders. I like using Coinbase Pro because the fee structure is much cheaper than regular Coinbase.
What I usually do is buy bitcoin on Coinbase Pro then transfer it to regular Coinbase.
If you trade bitcoin or other altcoins then just use Coinbase Pro to save time and money.
Coinbase allows you to earn rewards for completing quizzes on other cryptocurrencies.
When you watch a video and answer the question correctly, Coinbase rewards you with some free cryptocurrency.
Coinbase is currently offering rewards for the following cryptocurrencies:
- Band Protocol
- The Graph
Since I’m a bitcoin bull, I claim my rewards and transfer it into Bitcoin.
Many crypto bulls worry about security when storing their cryptocurrency.
Coinbase offers some of the best security measures in the entire industry including 98% offline storage for customer funds and 2-step verification requirements for all accounts.
Coinbase Vault offers a more secure storage solution for your Bitcoin, Litecoin, and Ethereum holdings. You can transfer your crypto to an offline vault that requires you to verify all withdrawals through email and phone confirmation. There is also a 2-day waiting period for any withdrawals for extra security.
Read our Coinbase security guide for more tips on how to keep your crypto assets safe.