Coinbase is an American cryptocurrency exchange that occupies the second position in terms of trading volume in the world. It has been operating since 2012. The platform supports operations with 53 cryptocurrencies and three fiats (USD, EUR, GBP). Margin trading is available on the exchange with a maximum leverage of 1:3. For transactions, the site charges a commission of 0.05-0.5%. Coinbase is also implemented as a mobile application and a wallet for storing coins. The most popular cryptocurrencies on the exchange are BTC, ETH, FIL.
12 thoughts on “Coinbase Review”
I have been trading only in the browser version of Coinbase for a long time, and recently discovered a mobile app. It is really convenient and does not differ in functionality from the web version. The interface is ordinary, but it is well optimized. I also really like the fact that the crypto exchange carefully takes care of the security of user funds. The FDIC insurance will cover the damage up to 250,000 dollars in case of force majeure. I hope that I will not need compensation, but still this is the guarantee of Coinbase’s responsibility to customers.
I definitely like Coinbase. First, there is a loyal attitude to newcomers. I have zero experience in crypto trading, so I was worried if I could handle it. The guys from the support team patiently explained all the nuances. There are enough channels for communication: social networks, phone support, emails. Secondly, all registered users are given a virtual card and a free wallet. The card is a cool thing, I pay with it in stores and do not worry my head off with all these transfers.
I don’t have such a good opinion of Coinbase as some people here do. I started trading on this platform a couple of years ago. And I had no complaints about this crypto exchange at first .
A variety of digital coins, of course, is not questionable, all assets are stored in an offline storage, there is an insurance. And the company also took care of a lot of “perks” for its customers. However, I must say that Coinbase really sucks in terms of a service recently. The support work is just awful, they can easily ignore the question or answer it after several days. I give crypto exchange huge thumbs down for this.
Coinbase does not have bonuses for users, like some other crypto exchanges, but it does have unique training guides. Not only do you get knowledge, but you also earn money! As for me, it’s a great idea to attract and interest newcomers. That’s why the customer base of this company is growing so quickly.
The range of cryptocurrencies is wide, even those coins that are not found on other exchanges are freely traded. In general, the platform has everything you need to work: good analytics and affordable exchange fees (on average, 0.50% for takers and makers).
The Coinbase cryptocurrency exchange is trustworthy. I have been trading with it for two years and have not noticed any problems in trading or withdrawing funds. There are no questions about the technical part at all, everything is thought out to the smallest detail.
As for the exchange fees, the Coinbase can be called loyal. The commission is on average 0.5% of the transaction amount, although it all depends on market fluctuations, a specific cryptocurrency, etc. The leverage here is quite modest – up to 1:3, and it is given only for those pairs where the dollar is involved.
I recommend that you carefully read Coinbase user agreement before registering. The crypto exchange tries to work in the legal field and has prescribed a lot of nuances in its documents. If you violate it, it will block your account. Apart from that, cooperation with this company brings only a pleasure. Registration and verification are simple, all customers are guaranteed insurance, adequate commissions, etc. Although, I would like to see Coinbase provide options for obtaining passive earnings. Since there is no such thing here, except for the affiliate program.
The opinion about Coinbase on the Internet is ambiguous. And I agree that this crypto exchange is far from a solid A, since there are certain disadvantages that you have to put up with. In particular, it is not always possible to get in touch with the support and quickly get a response from them. And, of course, technical failures on the platform happen periodically; I used to have quite serious problems because of this. I applied to technical support with complaints, but there was no response. But there are also many advantages. For example, the smart functionality of the site and adequate commissions for transactions. And the variety of cryptocurrencies here is wider than on many other platforms.
I have been engaged in crypto trading for several years and Coinbase is not the first exchange with which I started working. However, I can say from experience that it will be interesting for both professionals and beginners. Anyone can understand the interface without any problems. It is intuitive, there is nothing superfluous. The company has taken care of high-quality training programs. Moreover, it motivates traders to raise their skill level – they pay money for each successfully completed course and test.
Of course, investors who are focused on obtaining passive income have nothing to do on Coinbase (except to participate in an affiliate program, but they do not pay too much money there). But for active traders, this exchange should fit perfectly.
I’m still trading with Coinbase, but I’m already looking for an alternative. New cryptocurrency exchanges are popping up like mushrooms after the rain nowadays. The main thing is to find a sensible one. What positive things can I say about Coinbase after 2 years of working with it? The first thing is reliability: the company keeps money in offline storage and has taken care of deposit insurance. The second thing is high liquidity, and that’s why there are no problems in finding sellers/buyers.
Now I’ll explain why I’m looking for an alternative. I really hate the attitude of support to customers. I feel like I owe these tech support guys something. If there is a problem, you can wait for a solution for several days. That just won’t do.
To begin with, Coinbase specializes in cryptocurrency trading only, so if you need other tools, Coinbase is definitely not your option. There is no demo account either, but with a $2 minimum deposit, this is forgivable. Moreover, several payment systems have been proposed for depositing funds, so there will definitely not be any problems. Education… Let’s just say that I already know what is in Coinbase, as I have been trading for more than 5 years. But it will be useful for beginners. I consider Coinbase as a broker where you can learn how to trade, and then choose a broker according to your requirements. I’m talking about “learning to trade” literally: there are no investment offers in Coinbase. Only active cryptocurrency trading.
The company does not comply with its own regulations! Promises one thing, does another. So you can’t trade. You have to trust the company, and I can’t do that.
Reviews about Coinbase, in my opinion, speak for themselves. I have no confidence in these companies!