Sam Bourgi is a contributing writer to Finder.com, where he specializes in financial markets. He has spent the past nine years focused on economics, markets and cryptocurrencies. His work has been featured in and cited by some of the world's leading newscasts, including Barron's, Yahoo, CBOE and Forbes.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Supported cryptocurrencies:
Approximately 217 cryptocurrencies
Supported cryptocurrencies include:
BTC
ETH
BCH
EOS
FET
LTC
ADA
XLM
DASH
ETC
DNT
MLN
DAI
SWFTC
STX
AMP
MUSE
MDT
AVT
COVAL
OMG
ZEC
ZRX
REP
MKR
DOGE
SNT
BAT
LRC
KNC
DOT
DAR
XCN
ATOM
IMX
UNI
SUPER
XTZ
XYO
PAX
LOOM
ELA
BNT
LINK
POWR
MANA
REQ
CVC
STORJ
QSP
KRL
SHPING
USDC
GUSD
IOTX
ANKR
CRO
CELR
MATIC
ALGO
ZEN
ENJ
BLZ
ABT
GNO
MTL
TRAC
CRPT
REN
AST
QNT
AERGO
LPT
SNX
WBTC
BIT
FX
NKN
OCEAN
BUSD
*Availability varies by location
Which payment methods are accepted?
For Hong Kong, the only service available is crypto-crypto trade. You cannot buy or sell using fiat currencies or HKD.
What’s it like to use Coinbase?
1. Buy and sell cryptocurrency
As Coinbase says, buy and sell cryptocurrency.
2. Create an account
To get started, create an account by entering your name and email and choosing a password.
3. Browse the market
See what's available, and how much it is.
4. Check out the other Coinbase products
Buying and selling is just the beginning. Trade actively on Coinbase Pro if you want to get more deeply involved, or try out the other available Coinbase offerings.
You will be charged the higher of either the flat fee or the variable fee for buying and selling.
All fees listed here are in US dollars unless otherwise specified and accurate as of 17 December 2020.
Flat fees
Transaction value
Fee
$10 or less
$0.99
$10 to $25
$1.49
$25 to $50
$1.99
$50 to $200
$2.99
Variable fees
The variable fees depend on your location, payment method and whether you’re placing a “standard” order or an “instant buy/sell”.
Crypto to crypto conversions has a 2% fee. These are currently the only transactions available to customers in Hong Kong.
Deposit and withdrawal fees
All deposit and withdrawal fees are included in the platform trading fees.
Transaction fees
Transfer type
Fee
Transfers between Coinbase wallets
Free
Transfers to an outside crypto wallet
Network fees
How fast will my funds be available?
Deposits
Near-instant to 5 days
Bank transfer May take up to 5 business days to arrive
Card and Coinbase wallet purchases Purchases will complete instantly
Deposits from wallets Within minutes
Withdrawals and transfers
Near-instant to 1-2 days
Wallet transfers between Coinbase wallets Typically complete immediately
Withdrawals and sell orders Usually take 1-2 business days to arrive in your bank account
Sending outside Coinbase wallets Typically a few minutes, depending on the state of the network, the cryptocurrency and the network fees
Is Coinbase safe to use?
Regulation. Coinbase holds a wide range of licences in different US states, including the New York BitLicense, and money transmitter licences in different states.
Verification process. Coinbase requires users to get verified to trade.
Security features. Coinbase recommends 2FA to protect accounts and follows (and leads) industry best practices such as keeping the majority of customer funds in cold storage.
Coinbase was founded in 2012 and has never been hacked.
How do I create an account at Coinbase?
Sign up with your name and email address and then log in to your account.
You’ll need to get verified to start buying or selling. To do this, go to your account setting and upload a photo of the requested documentation, such as a government-issued ID or driver’s license.
Enable 2-factor authentication by going to your account settings and following the steps provided. This is a highly recommended security measure.
You can now buy and sell cryptocurrency. Simply go to the home or market page and click the one you want to buy or sell.
What else do I need to know about Coinbase?
Coinbase is one of the world’s best-known cryptocurrency exchanges. It was founded in 2012 and as of November 2017 claimed to have 13.3 million users.
It initially began as a way of simply buying, selling and transferring cryptocurrency, but has expanded to offer a wide range of services beyond that.
In 2019, Coinbase expanded the list of countries it serves to include Hong Kong. However, so far Hong Kong customers can only trade crypto to crypto.
Coinbase review in a nutshell
Pros
Easy. Coinbase is renowned for making the entire buying process simple.
Tried and tested. Coinbase has been one of the world’s best-known exchanges for years and has never been hacked.
Wide service range. Try Coinbase Earn to get some free crypto, and Coinbase Learn to get some free education and more.
Customer service. Coinbase is one of few crypto exchanges to offer 24/7 phone support.
Cons
Expensive. The fees vary but will typically be higher than what you can find elsewhere.
Limited coin selection. Coinbase has a limited range of cryptocurrencies.
Availability varies. The platform itself, its crypto offerings and its service availability varies by location
Compare Coinbase against other exchanges
Frequently asked questions
Coinbase is available in Hong Kong, Australia, Canada, New Zealand, Singapore, the US, the UK and most European countries.
The exact services available in each will vary.
Yes. Download it for iOS or Android.
The verification process involves going to your account settings, filling out some details and uploading some identification to the platform.
Coinbase offers a help section, allows the submission of help tickets and has a 24/7 phone support centre.
Disclaimer: 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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