Coinbase is one of the Internet’s largest cryptocurrency exchange platforms. Being present in more than 100 countries, the platform offers numerous tradable digital assets. Find below the Coinbase exchange reviews and the users’ voices.
Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam, and it’s one of largest and oldest cryptocurrency exchange in the US. It is licensed in numerous US jurisdictions. On April 2021 debuted on Nasdaq under the COIN ticker. Coinbase Pro, one of Coinbase services, is usually one of the top ranked platforms in terms of traffic, liquidity and trading volumes. Apart from being a digital currency broker, Coinbase also offers custodial services for DC storage for institutions, a cryptocurrency payments platform for businesses and its own cryptocurrency, USD Coin (USDC), a stablecoin linked to the US dollar. Because of its popularity and reputations, people are looking for Coinbase reviews. Read the rest of our review to learn more.
Coinbase – offers a brokerage service for purchasing and selling digital currencies. Thanks to the company’s size and reputation, the platform is often chosen by new traders. Coinbase allows the transfer of cryptos from one account to another and the conversion from one cryptocurrency into another.
Coinbase Pro (Former GDAX) – is an advanced trading platform for individual traders and crypto enthusiasts. It is usually ranked as one of the top exchanges on CoinMarketCap in terms of traffic, liquidity and trading volumes. Platform is more friendly for experienced users, offers lower fees than standard Coinbase brokerage service and provides many advanced trading options. Interestingly, when a Coinbase user requests a transaction, the order is executed on a Coinbase Pro.
Coinbase Wallet – is an application for both iOS and Android. Decentralized app enables users to see all of the cryptocurrencies in a single place. It allows to send the tokens directly to a friend using just their Coinbase Wallet username. Coinbase Wallet provides multi-coin support, managing BTC, BCH, ETH, ETC, LTC, and all of ERC-20 backed cryptos.
Coinbase Commerce – allows integrations for cryptocurrency payments for businesses.
Coinbase Prime – is a solution for institutions and high net worth customers.
Coinbase Custody – is a secure, regularly audited cold storage of digital assets.
Coinbase Ventures – is an initiative connected to Coinbase that invests in companies that aim at creating an open financial system, providing financial support to start-ups.
Coinbase offers different payment methods that are suggested to be used for different types of transactions:
There are some transactional limits applied to users accounts – depending on the account verification level, payment methods – it usually is up to $25000 per day.
Coinbase fees differ on the type of transaction and on the customer’s location and payment method. Additional costs may occur when making transfers from and to the customer’s bank account. Coinbase establishes the exchange rate for transactions by applying a margin or a spread to the market exchange rate on the Coinbase Pro platform. There is also a separate transaction fee – either a flat rate or a variable percentage of the transaction.
What a customer needs to pay is:
The fee structure seems to be quite complex for both transational and withdrawal fee – that is one of the biggest complaints Coinbase customers have. For more details – visit the website.
Coinbase supports different cryptocurrencies (the options of buying/selling might be different for some countries). In its portfolio, a user might find the most popular tokens and many more. Those include:
Some currencies offered are subject to different trading options – some of the cryptos are available for sending only, some for sending and receiving, etc. and the service might differ by country.
Coinbase offers its services in +100 countries around the world. However, the scope of services available differs from country to country.
However, even if buys and sells are not yet available in a country, one can still take advantage of many Coinbase features such as:
Coinbase declares to be devoted to customers’ security. Here are some examples of security measures applied that we covered in our Coinbase review, for the full list please refer here.
Coinbase provides its users with a big knowledge base – you can find information that are missing in our Coinbase review on the broker website and in the FAQ section. This source of information covers most of the common questions. However, if a user needs more extended assistance, Coinbase offers customer support via ticketing system and a hotline – for disabling the account in case it has been compromised.
We welcome Monday's guidance for custodians from @NYDFS. Here's how @coinbase has met this challenge and a few lessons for others.
🔒Safety & Security🔒
We spend a lot of time on compliance to ensure everyone feels safe. Learn how we work to protect the crypto ecosystem: 👇
Have you tried Advanced Trade, our powered-up platform built for experienced traders?
Join Coinbase Sr. Director of Product @scottshapiro for a quick tour:
📢 COIN: A Founder's Story is now free to stream on Amazon Prime! http://amazon.com/gp/video/detail/B0B8PWJYSC
We let cameras inside Coinbase, to show the behind the scenes true story of how we grew it from prototype to public company.
I hope it inspires more people to build their own company and try to make a dent in the universe.
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