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TradersBest.com / Coinbase Review
Crypto
Crypto Exchange
96/100
Rating


Go to Coinbase Crypto
Highlights
 * Massive choice of cryptocurrencies
 * A trusted and secure brokerage
 * Great for new and experienced traders

85/100
Rating


Go to Coinbase Crypto Exchange
Highlights
 * Powerful trading platform
 * Enables trade in real-time
 * Mobile app available

Author:
Alexander Foster
Last Updated:
24/04/2022
Topic:
Review
Experiences:
We test the latest trading providers on a daily basis

Topic:
Review
Experiences:

We test the latest trading providers on a daily basis

Ever since Alexander got his first stock savings account, he’s also taken a keen
interest in the financial markets. Now a full time writer and contributor to
TradersBest.com, he uses his experience in the world of finance on a range of
different topics, from investment strategies to reviews of new brokers.




COINBASE CRYPTO EXCHANGE REVIEW USA 2022

If you’re interested in cryptocurrency or bitcoin exchanges, there’s a good
chance you’ve already heard of Coinbase. It would be near impossible to go into
any Coinbase US review without mentioning they’re the largest in the country.

It’s a position they’ve earned, with a reputation built over nearly a decade of
dependable, versatile and broadly appealing service. With more competition than
ever, it’s no small thing that we say Coinbase crypto lives up to the hype. But
how do they remain relevant amongst ever-improving competition? This Coinbase
review is about uncovering exactly that.

Pros & Cons of Coinbase
 * Largest exchange by volume in the US
 * Huge selection of cryptocurrencies
 * Excellent usability and security
 * Coinbase Pro is ideal for more experienced users

 * Lack of live customer support

Company

CompanyCoinbase Europe LimitedHeadquarter70 Sir John Rogerson’s Quay ,Dublin D02
R296 ,IrelandYear of Founding2011CEOBrian ArmstrongWeb
Sitewww.coinbase.comAvailable LanguagesGerman, French, English, Italian,
Spanish, Russian, Polish, PortugueseCustomer SupportEmail
SupportEmailinfo@coinbase.comPhone1-888-908-7930Licence10158674Verified
by-Payment Methods






Show More
Coinbase
Crypto Review
Coinbase
Conclusion
Table of Content
 * Usability, Look & Feel
 * Payment Methods
 * Customer Service
 * Licence & Security
 * Coinbase Crypto
   * Crypto Trade Offer
   * Crypto Trading Costs
   * Crypto Trading Conditions
 * Conclusion
 * User Reviews

SECURITY, USABILITY, LOOK & FEEL - OUR COINBASE REVIEW

Whether it’s our Coinbase analysis, a Binance review or a Kraken review, nothing
is more important than security. Considering their Coinbase crypto exchange is
the largest by trading volume in the US, serious security flaws would be a
surprise for our Coinbase review USA. Based on all of our research – which we’ll
go into greater detail in a dedicated section of our Coinbase review – we
consider Coinbase safe and their security to be excellent.



96/100
Rating
Coinbase Highlights
 * Massive choice of cryptocurrencies
 * A trusted and secure brokerage
 * Great for new and experienced traders

Go to Coinbase



Another area in which Coinbase excels is in the useability of its interface.
Your standard Coinbase account is all about making the buying and selling
cryptocurrency as easy as possible and our Coinbase crypto review would say it’s
mission accomplished. Coinbase Pro is aimed at more experienced traders, and is
thus more complicated to use but has the benefits of not just lower fees but a
staggering scale of information and functionality. We’d say that as much as is
possible, it’s made as straightforward as could be imagined.

Whatever platform you use, though – Pro, mobile app – they all work seamlessly
on a technical level. There’s even bonuses, like with their Coinbase referral
code program, and even they’re incredibly easy to use. A triumph all round.




COINBASE: HOW TO TRADE

We mentioned when talking about customer service in our Coinbase crypto review
that one of its strengths is how well it explains itself. Nowhere does it do a
better job than when it comes to the basics of how to trade. Here, we’re going
to give you step-by-step help so you can see just how intuitive a platform
Coinbase truly is.


STEP ONE: CREATE AN ACCOUNT

This depends on whether you want to go desktop or mobile. You can either start
on their website or through the apps available on Android and iOS. You’ll be
asked to enter a bunch of standard information from your name to state, and to
read and accept the user agreement and privacy policy. Do make sure all this
information is correct as they’ll likely ask for it later. Click ‘Create
account’ (sign up button mobile) and step one is out the way.


STEP TWO: EMAIL AND PHONE VERIFICATION

You’ll get an email through the address you provided. Select “verify email
address”, click the link and sign back in using your email and password. That’s
all there is to it. A similar thing will happen through your phone: you’ll get a
code sent and you can enter that to verify your number. Job done.


STEP THREE: ADD PERSONAL INFORMATION

More questions here: it’s all simple stuff like your name and date of birth but
also questions about what you want to use Coinbase for, your occupation and
source of funds.


STEP FOUR: VERIFY YOUR IDENTITY

This is why it’s so important to make sure all that information is correct. Here
you’ll be asked to provide proof of your identity through things like passports
or a driver’s license. You can, and should, also sign up to two-step
verification at this point.


STEP FIVE: SET UP A PAYMENT METHOD

The last step in getting your account up and running is setting up a payment
method. We’ve run through plenty of the details of what’s available elsewhere so
won’t repeat ourselves here. Fill in the usual info and you’re good to go. Bank
accounts can usually be instantly verified, but there’s a deposit verification
system if that fails.


STEP SIX: YOU’RE READY TO BUY

Hit trade on the desktop or app version (it’s on the upper-right side). Click on
‘buy field’ and choose the asset you would like to purchase. Type in how much
you want to buy and pick your payment method. Check it’s all correct on the
preview buy section, hit ‘buy’ and you’re good to go. You can withdraw them to a
wallet, or leave them where they are.

Selling works in much the same way. Go to your portfolio, go to trade, hit
‘sell’, tell them what you want to convert it to and how much and confirm.
That’s the basics of how to trade on Coinbase.



Company

CompanyCoinbase Europe LimitedHeadquarter70 Sir John Rogerson’s Quay ,Dublin D02
R296 ,IrelandYear of Founding2011CEOBrian ArmstrongWeb
Sitewww.coinbase.comAvailable LanguagesGerman, French, English, Italian,
Spanish, Russian, Polish, PortugueseCustomer SupportEmail
SupportEmailinfo@coinbase.comPhone1-888-908-7930Licence10158674Verified
by–Payment Methods






Show More



PAYMENTS - A CHOICE OF PAYMENT OPTIONS AT COINBASE

As this is a Coinbase US review – as suggested earlier in our Coinbase exchange
review segments – our focus is on that audience. This means that here, we’ll be
talking about payment methods available for US customers at the Coinbase crypto
exchange. There are others available for their international audience.







Options include bank account, debit card, wire transfer, and PayPal. In terms of
being available for both a Coinbase withdrawal and a Coinbase deposit, both bank
account and wire transfer work, while debit card and PayPal are only available
for deposit. Transactions are instant for debit card and PayPal, but can take
1-3 business days for wire transfer and 4-5 for bank accounts. That’s why the
latter are recommended for larger investments.

The Coinbase minimum deposit is stated as $25. Coinbase withdrawal fees depend
on payment type and location, but for instance, instant card withdrawal is up to
1.5% beginning at 55c.

CUSTOMER SERVICE - EMAIL AND SOCIAL MEDIA SUPPORT AVAILABLE

There are a few different ways to contact Coinbase support. However, we’ll start
this part of our Coinbase crypto review by telling you the limitations of their
customer service.

There is, at the time of writing, no live agent support over the phone line. You
can, however, call them in the case of an emergency to disable your account if
you have reason to believe that it has been hacked. There’s also no live chat
service. These two areas are something that were cited as disappointments by
many during our Coinbase crypto review research. Considering they provide so
much on their platform for so little though, it’s understandable.

It’s not like nothing is available. Email and social media are both direct lines
of contact between you and the site. There’s no set time for responses, but our
experience was a couple of days. They also get you to give as much information
as possible to provide the most detailed response. The best part of the customer
service in this Coinbase crypto exchange review though is how well the Help and
information parts of the site are written. It’s not perfect, but understandable
in its limitations.

LICENSE & SECURITY - A FULLY-LICENSED EXCHANGE

We said earlier in our Coinbase crypto exchange review that their security was
excellent, so what exactly makes them stand out so much? Well, security features
include two-step verification, fingerprint logins for their app, cold storage of
the overwhelming majority of user funds and insurance in the case of Coinbase
scams. There’s also additional help on locking down your mobile account,
securing your email, utilising the Coinbase vault and generally avoiding
Coinbase scams. If you desire additional security, you could always transfer
your funds to a hardware wallet too.







The license they hold is also a vital consideration for our Coinbase US review.
Well, the relevant license for the Coinbase crypto exchange actually depends on
the state agency. For instance, in Pennsylvania, they hold a license from the
Pennsylvania Department of Banking and Securities. You can find a complete list
and details on the dozens of licenses they hold on their site.


REPUTATION AND CUSTOMER FEEDBACK – POSITIVE CUSTOMER RATINGS

It’s tough to write a Coinbase review without it being in the shadow of
incredibly lofty expectations. A big part of this goes beyond simple popularity
– although that’s certainly a very positive sign – and is more to do with their
incredible reputation. Coinbase is the cream of the crop when it comes to
reputations for this kind of service: its history, critical and customer
feedback is all top-notch.

Obviously, no platform is perfect. We’ve heard some people disappointed by the
lack of live chat, but overall, theirs is one of the best in the world.

Coinbase Crypto
CRYPTOCURRENCIES - OUR COINBASE CRYPTO REVIEW

There’s no doubt part of the popularity that Coinbase enjoys is down to the
incredible number of cryptocurrencies available. One thing that’s really
important to note – and we get into some specifics in the next part of our
Coinbase exchange review – is that there’s some difference in terms of the
availability in Coinbase cryptocurrency. Because this is a Coinbase review USA,
we’re going to only list out those available at the time of writing to a
Coinbase review USA audience.



96/100
Rating
Coinbase Highlights
 * Massive choice of cryptocurrencies
 * A trusted and secure brokerage
 * Great for new and experienced traders

Go to Coinbase



These include: AAVE, ALGO, ATOM, BAL, BANND, BAT, BCH, BNT, BSV, BTC, Celo,
COMP, CVC, DAI, DASH, DNT, EOS, ETC, ETH, FIL, GRT, KNC, LINK, LRC, MANA, MKR,
NMR, NU, OMG, OXT, REN, REP, SNX, UDC, UMA, UNI, WBTC, XLM, XRP, XTZ, YFI, ZEC
and ZR. Additional options like GNT and LOOM are also available for Coinbase Pro
users: their platform for more advanced traders.

It’s an astounding selection of supported currencies for the Coinbase US
customer, many of which are open for buying, selling, Coinbase deposit and
Coinbase withdrawal. Although the specifics here are not comprehensively laid
out, the coverage is vast. A truly world-class start to our Coinbase crypto
review.


FEES - ARE THERE ANY COINBASE FEES?

Before we get into this part of our Coinbase review properly, we’d just like to
say how refreshing it is for Coinbase trading to be as transparent and easy to
understand in its fee structure as it is. Once again, this is a Coinbase US
review aimed at the Coinbase US customer, so we’ll be using that currency for
the relevant information.

Coinbase charges a spread of 0.5% for both buying and selling cryptocurrency.
So, that’s 1/200th of its total value, for a point of reference. The spread
could go up or down based on the volatility of the Coinbase markets, which is
something that’s obviously beyond their control.

Additionally, there’s a fee of 99c for transactions less than $10, $1.99 for
transactions between $10-$25  and $2.99 for anything more than $50. Currency
conversions have a spread margin of up to 2% with no separate fee. Credit
transactions have the same percentage. All other relevant regional transactions
can be found on the site, such as a 3.99% fee for US debit card transactions.
Finally, storage using their wallet service is completely free.

If these fees seem high, one of the key benefits of Coinbase Pro is an entirely
different approach to Coinbase trading fees for those looking to get the best
Coinbase price. Here you’ll pay between nothing and 0.5% for each transaction
based on the number of transactions made that month. The latter option provides
some of the most competitive fees around.

JURISDICTIONS AND LIMITS - ARE THERE ANY LIMITS ON THE COINBASE CRYPTO EXCHANGE?

Just as impressive as the amount of Coinbase crypto options is the number of
countries their service is available. At the time of writing, they’re available
across countries in North America, South America, Europe, Asia, Australia and
Africa.



96/100
Rating
Coinbase Highlights
 * Massive choice of cryptocurrencies
 * A trusted and secure brokerage
 * Great for new and experienced traders

Go to Coinbase



However, buys and sells are only available in certain counties, including the
US, UK, Australia and Canada. The full list of countries is available to view on
the site. The other countries available – of which there are over 100 – are only
limited to conversions. Additional applicable limitations include the
cryptocurrencies available, which we mentioned before and you can get a full
list on the site, as well as the payment methods which can be utilised.

All that said, our Coinbase US review readers generally get few restrictions in
comparison to many other countries, because it’s based in the US and that’s such
a key market. Coinbase is, after all, the biggest in the country.

OVERALL CONCLUSION - ONE OF THE BEST US CRYPTO EXCHANGES

We have to go along with the popular consensus here and conclude our Coinbase
review by saying they really are as good as they claim to be. Are they
absolutely perfect? No, but no platform is. And the negatives they have are
understandable. The fees on the regular version of Coinbase are justified
largely through the convenience they offer. And we’d still say that for
beginners, that continues to represent great value. You can also go with
Coinbase Pro if you prefer, so this is more of a choice than a flaw.

More customer service options would be great, but they do such a good job of
making things easy that you’ll likely not need more assistance. Most importantly
though, any flaws pale in comparison when you look at all the things they do
well. They have excellent security, an incredibly intuitive platform and an
alternative option suitable for experts. Combine this with an astounding amount
of assets to trade and Coinbase has one of the broadest appeals of any exchange.

96/100
Rating


Coinbase Crypto

T&Cs apply, 18+
*****
Go to Coinbase Crypto
Highlights
 * Massive choice of cryptocurrencies
 * A trusted and secure brokerage
 * Great for new and experienced traders

USER REVIEWS FOR COINBASE


4/5 – 1 User Review
Write a Review
 1. Reliable broker
    04/10/2021
    Dave T
    
    
    I’ve used Coinbase for 6 months or so now, give and take. I like it so far,
    easy to use and has all the biggest cryptos.
    
    Haven't really seen anything bad so far.


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4.

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6.
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Our Ratings of the Different Categories
Crypto:

96
/100
Crypto Exchange:

85
/100
Overall Rating Coinbase
91.0
/100
Payment Methods

License

Go to Coinbase
Latest User Reviews
Reliable broker
04/10/2021
Dave T
I've used Coinbase for 6 months or so now, give and take. I like it so far, easy
to use and has all the biggest cryptos.
‹›

Top Crypto Sites
Coinbase
Coinbase Review
96/100

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TradeStation Review
77/100

SogoTrade
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80/100

Robinhood
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80/100

FOREX.com
FOREX.com Review
88/100


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Trading financial products carries a high risk to your capital, especially
trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly
due to leverage. Between 74-89% of retail investor accounts lose money when
trading CFDs. You should consider whether you understand how CFDs work and
whether you can afford to take the high risk of losing your money.

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