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Coinbase Digital Currency Exchange
4.0
★★★★★
Finder score
Fiat currencies
23
Supported assets
257
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Our verdict

Buy and sell cryptocurrency at one of the world's biggest beginner-friendly exchanges.

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Finder Awards 2023 winner

Coinbase is one of the biggest cryptocurrency exchanges in the world by trading volume.

The exchange serves customers in over 100 countries and supports over hundreds of crypto coins and tokens.

The platform has a user-friendly interface and offers features such as staking and earning as well as a “learn and earn” feature in which you watch short educational videos on certain crypto assets and then answer questions about them to earn said assets.

Trading fees can be high when trades are executed on the basic platform rather than the advanced platform. Luckily, all Coinbase users can access the advanced platform for free.

Pros

  • Supports 200+ digital assets
  • Easy signup process
  • Earn crypto by learning about it with Learning Rewards
  • Discounted volume pricing with Coinbase Advanced Trade

Cons

  • Higher fees for Coinbase simplified than Advanced Trade
  • Credit card transactions not supported in Canada

In this guide

  • Our verdict
  • Details
    • Product details
  • Ask a question

Details

Product details

Product Name Coinbase Digital Currency Exchange
Fiat Currencies USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 13 more
Cryptocurrencies BTC, ETH, ADA, SOL, DOT, LTC, DAI, UNI, ETC, XLM & 247 more
Deposit Methods Debit card
PayPal
Trading Fee Maker fee: 0.00-0.4%
Taker fee: 0.05-0.6%
Deposit Fees Wire transfer: US$10
Cryptocurrency: Free
ACH: Free
Withdrawal Fees Wire transfer: US$25
Cryptocurrency: Price varies depending on the asset
ACH: Free

Ratings methodology - how we scored Coinbase

Supported cryptocurrencies ★★★★★
Transferring money or assets ★★★★★
Fees and costs ★★★★★
Ease of use ★★★★★
Customer service ★★★★★
Features ★★★★★
Staking/earn ★★★★★
Trustworthiness/security ★★★★★

How we rate our crypto exchanges and platforms

Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology here.

Our score and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.

About Coinbase — company background

Coinbase is a San Francisco-based cryptocurrency exchange platform launched in 2012 by computer engineer Brian Armstrong and Goldman Sachs trader Fred Ehrsam.

At first, Bitcoin was the only asset Coinbase supported. However, the exchange now supports 100+ digital assets and has features such as spending, trading and earning.

Coinbase is the largest cryptocurrency exchange in the United States. In April 2021, Coinbase became publicly traded via a listing on the NASDAQ. It’s listed under the ticker COIN.

Coinbase was the first crypto exchange to go public. The event was a milestone for the cryptocurrency industry.

Listed Coinbase crypto exchange assets

Coinbase supports over 257 cryptocurrencies, but some notable assets are missing. Namely, BNB, Lido Staked Ether and XRP, which are in the top 20 cryptos by market cap. In total, 15 of the top 20 cryptos are available on Coinbase.

Popular assets on Coinbase
supports
Bitcoin (BTC)
supports
Ethereum (ETH)
supports
Tether (USDT)
does not support
BNB (BNB)
supports
Solana (SOL)
supports
USDC (USDC)
does not support
Lido Staked Ether (STETH)
does not support
XRP (XRP)
supports
Dogecoin (DOGE)
does not support
Toncoin (TON)
supports
Cardano (ADA)
supports
Shiba Inu (SHIB)
supports
Avalanche (AVAX)
supports
Bitcoin Cash (BCH)
supports
Wrapped Bitcoin (WBTC)
supports
Polkadot (DOT)
does not support
TRON (TRX)
supports
Chainlink (LINK)
supports
Internet Computer (ICP)
supports
Polygon (MATIC)

Coinbase fees

Coinbase charges a US$10 fee for wire transfer deposits. Ach and cryptocurrency deposits are free for folks in Canada.

Deposit & withdrawals fees

Transaction type Fee
Deposit funds Wire transfer: US$10
Cryptocurrency: Free
ACH: Free
Withdraw funds Wire transfer: US$25
Cryptocurrency: Price varies depending on the asset
ACH: Free

Coinbase deposit methods

  • Debit card
  • PayPal

How to sign up on Coinbase exchange

Before you can even get started trading on Coinbase, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Coinbase's commitment to certifications and compliance with regulations and insurers.

  1. Get started
    After selecting the Get Started button, fill in the create account form.
  2. Set up payment
    Before you can start trading, you have to add your bank account to your Coinbase account. There are several options to choose from, so choose the option most compatible.
  3. Provide identification
    Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this.
  4. Start trading
    After all that is processed, you're ready to trade on Coinbase.

Is Coinbase safe?

Until October 2021, Coinbase was free of any hacking incidents. This hack was handled well and Coinbase users didn’t lose any of their funds or assets.

Coinbase undergoes regular security audits and has insurance policies to protect the assets it custodies.

Past hacks. In October 2021, hackers used phished credentials to exploit a flaw in Coinbase’s SMS account recovery procedure and steal funds from at least 6,000 customers. This was the only incident of its kind for Coinbase.

Security audits. In 2020, Coinbase invited security audit firm Grant Thornton to carry out 2 security evaluations. Coinbase Custody, the cryptocurrency custody arm of the exchange, received a Service Organisation Control (SOC) 1 Type 2 and SOC 2 Type 2 audit.

The company said it would continue engaging with audit companies to conduct the SOC audits. By doing so, the company hopes to show clients that it is compliant with various security standards.

Insurance. Coinbase is insured for $255 million. This insurance is solely for coins stored in hot wallets. The policy is put in place by Aon insurance and is sourced from insurance companies in the US and UK. US cash funds are held in banks with FDIC insurance.

Keeping your crypto secure

All centralized exchanges, including Coinbase, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Coinbase customer support

Coinbase has live chat customer support available on its website. There’s also a phone number for support on the Coinbase card or to lock an account if there is suspicious activity.

Otherwise, Coinbase provides a knowledge base and an automated response system for answers via form replies. Users can also email Coinbase support directly and typically you’ll receive a reply in one to three days. Response times have been reported to be slow for many users.

How to reach Coinbase customer support

  • Contact form
  • Email
  • Help center articles

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill

18

78

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.

Capital at risk

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Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency

1

369

Capital at risk

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KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P

50

743

Capital at risk

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Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

73

279

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

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Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card

8

1607

Capital at risk

View details
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

8

222

Capital at risk

View details
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)

35

338

Capital at risk

View details
Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay

27

237

Capital at risk

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Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

357

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

Capital at risk

View details
Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)

3

79

Capital at risk

View details
Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card

6

16

Capital at risk

View details
OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT

7

141

Capital at risk

View details
Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT

31

318

Capital at risk

View details
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Alternatives to Coinbase

1 - 3 of 14
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

8

223

Certain trading features are limited or unavailable to residents of Ontario and Quebec.

Capital at risk

View details
Paybis Cryptocurrency Exchange
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller, Skrill, Apple Pay

60

87

Capital at risk

View details
OFFER
Bitbuy Digital Currency Exchange
Cryptocurrency, Interac e-Transfer, Wire transfer

1

39

Limited time only: Free $40* when you sign up and fund your Bitbuy account. T&Cs apply.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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