Coinbase Review 2024

Table of content

• Quick Verdict
• What Fees to Expect?
• Supported Cryptocurrencies
• Payment Methods for EU Customers
• Notable Features of Coinbase
• How to Open a Coinbase Account?
• Security Measures
• Customer Service
• Why Choose Coinbase?
• About Coinbase
• Coinbase Bottomline
• FAQs about Coinbase Review

Before doing more profound research, new and regular users want to know what’s bad and good about the platform. We distinguished a few of the pros and cons worth mentioning.

• User-friendly interface for beginners
• Supports over 240 coins
• Mobile apps for Android and iOS
• Available in over 100 countries

• Comparatively high transaction fees
• Mediocre customer service reviews

Coinbase applies some fees when you buy, sell, or trade cryptocurrencies while using their exchange. 

The costs depend on multiple factors. It considers the amount you buy or sell, region, product feature, and payment type.

You will see a preview of the exact charge before the final transaction. 

Remember that transaction fees vary, even if they’re extremely similar. 

Coinbase charges takers more than makers. If you place an order at the instantly filled market, you will be charged from 0.05% to 0.6%. If another customer places an order matching yours, your fee will be from 0.00% to 0.4%.

If only part of your order is instantly filled, you will do it as an order buy: a taker fee on the immediately filled part and a maker fee for the rest.

Coinbase charges you miner fees when you send cryptocurrency from Coinbase to another wallet. You can see the final charge during your transaction. 

The final charge can be different from the one they estimate.

This fee will vary based on network congestion at the time you initiate your withdrawal.

	Deposit Fee	Withdrawal Fee
ACH	Free	Free
Wire (USD)	$10	$25
SEPA (EUR)	€0.15	Free
Swift (GBP)	Free	£1

The Coinbase platform includes a small difference between the buying and selling prices, called a slippage. It is part of the price you see when making transactions. It differs between similar transactions. 

You can view the slippage before the final transaction preview:

• For buy and sell orders, tap on the pop-up explanation next to the price of your coin. 
• For convert orders tap on the tooltip next to the exchange rate. 

Coinbase supports Ethereum, Solana, and all EVM-compatible networks. They are available on mobile apps and browsers. 

There are numerous cryptocurrencies, including the most popular ones: 

• Bitcoin (BTC)
• Tether (USDT)
• USD Coin (USDC)
• Dogecoin (DOGE)
• Avalanche (AVAX)
• Chainlink (LINK)
• Ethereum (ETH)
• Solana (SOL)
• XRP (XRP)
• Cardano (ADA)
• Shiba Inu (SHIB)
• Bitcoin Cash (BCH)

	Buy	Sell	Add Cash	Cash out	Speed
SEPA Transfer	✘	✘	✔	✔	1-3 business days
Easy Bank Transfer	✘	✘	✔ (Only Netherlands, Finland, Ireland)	✘	1-3 business days
3D Secure Card	✔	✘	✘	✘	Instant
Instant Card Cashout	✘	✘	✘	✔	Instant
Sofort	✘	✘	✔	✘	Up to 8 business days
iDeal	✔	✘	✔	✘	1-3 business days
PayPal	✔	✔	✘	✔	Instant
Apple Pay	✔	✘	✘	✘	Instant
Google Pay	✔	✘	✘	✘	Instant

We would like to mention several features at Coinbase. They are great tools for a convenient and engaging experience at this crypto exchange platform.

If you wish for a place to not only trade but also safely keep your assets, Coinbase has got it covered. 

To place them you can choose between Coinbase Wallet, Coinbase dApp Wallet, and Coinbase Exchange. 

You can get a Coinbase Card and use it anywhere Visa debit cards are accepted. It doesn’t have any hidden charges, spending, or annual fees. 

With the card, you can also earn crypto without buying it. There’s a possibility to get crypto rewards on each purchase.

Furthermore, strong security measures protect the card’s resources. These include two-factor authentication, card freezing, pin change, and others. 

The more you learn, the more you earn. It’s the principle of Coinbase Earn. 

You earn small amounts of crypto by watching educational videos and taking quizzes about cryptocurrencies. 

Taking advantage of Coinbase Earn is a great way to learn and get small prizes. 

Coinbase One is a monthly membership with various benefits. 

For example, Coinbase One members don’t have fees for buying and selling cryptocurrencies. But the slippage is still included in the estimated prices. 

A free trial is available if you want to try it before investing in it.

Look into Coinbase Advanced features if you’re an experienced trader. 

With it you can expect interactive charts, advanced order types, and other elements like staking, Borrowing, Cards, and dApp Wallet. 

Coinbase Advanced users don’t have a slippage included as they directly interact with the order book.

To start trading with Coinbase you need to create an account. It’s an easy process, similar to opening a bank account. 

You can do it through a browser on your computer or download the Coinbase app on your phone. Mobile apps are available for iOS and Android users. 

1. Registration: Coinbase doesn’t allow anonymous trading, so you need to use your legal name when registering. 
2. Verifying: After registration, you will need to verify your email and phone number. 
3. Confirmation: Lastly, your personal information will be inquired. A valid government-issued ID photo is required to confirm your first name, last name, date of birth, and address.

Notes:

• Different continents have separate requirements for what ID you can use. For EU citizens Coinbase accepts passports, driver’s licenses, and national identity cards.
• You can expect additional questions, such as your source of funds and current occupation.
• They also ask for proof of address using bank statements, credit card statements, or utility bills.

All the necessary safety measures are here at Coinbase. Thus, you don’t have to worry about getting tricked with your money:

• Coinbase believes that what’s yours is yours. They don’t touch your assets without permission and offer risk management programs to protect them.
• They ask for personal data to protect your possessions and provide the best service. However, they collect only the necessary data to respect your rights.
• To ensure its integrity, Coinbase publishes financial statements quarterly. Moreover, an independent third party audits them every year as required by law. 
• This exchange platform stores your account and routing numbers using bank-level AES-256 encryption, guaranteeing the protection of your information and belongings. 
• To protect your assets, you can choose from auto-enrolled two-factor authentication, password protection or use both of them for multi approval withdrawal at Coinbase. 

Coinbase became the largest public crypto company in 2021, which means it must operate with excellent financial transparency. 

They offer powerful security features for all users.

There are several ways to contact Coinbase workers or get assistance. Coinbase Support Center is here to assist you in unexpected or confusing situations. 

Firstly, you can call them using the (888) 908-7930 phone number. It’s a US phone number, but international users can reach them with it too. Meanwhile, UK customers can call +44 808 168 4635.

Another way is through an email. You can write to [email protected] or [email protected] emails. The support team responds within 24 hours.

Moreover, after registration, live chat support is available. You can immediately get answers to your concerns. 

To fix your issues without contacting someone, you can go to Coinbase Help Centre.It’s a great place if you want to report a bug, ask a question, send feedback, message them on live chat, create a Coinbase community post, or explore their large knowledge base.

However, some Coinbase users were dissatisfied with the customer service. We noticed it from low reviews on the Trustpilot website. 

There are over 500 crypto exchange platforms available. Coinbase stands out for a few reasons. 

1. Coinbase is a perfect place to start for crypto beginners. It has a user-friendly interface and numerous guides or ways to contact customer support. 
2. You can easily trade, stake, and manage a large sum of money with cryptocurrencies. It’s a secure and convenient platform to start the crypto world journey for new traders from over 100 countries.

Like Coinbase, each good crypto exchange platform stands out for different reasons. For special features, like making contactless payments, you can check out Bybit. For the lowest fee platform review Binance.

Coinbase has a mission to increase economic freedom for over a billion people. They are reaching this quest by providing an easy and safe place for crypto exchanges. 

Currently, this exchange platform manages a quarterly trading volume of $226 billion and protects $269 billion in assets.

It’s trusted by 245,000 ecosystem partners. 

They provide a trustworthy platform for trading, staking, and managing cryptocurrencies in over 100 countries. It holds high-level values for offered assets, services, and the community they create.

Over 3,000 employees are working for the same purpose – to support its mission and keep everything on track.

For beginner traders Coinbase is an excellent choice. From easy-to-use tools to learning programs. It offers an easy way to start managing your assets. 

However, experienced traders will enjoy some of the Coinbase features too, so no one is left out at this platform. 

It implies strict security measures to guarantee the safety of your assets.

Coinbase is a solid choice for anyone wanting to engage in the crypto market.