finder Indonesia
Advertiser Disclosure

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Coinbase cryptocurrency exchange | October 2020 review

Andrew Munro
Andrew Munro
Last updated:  

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

  • Great for first-time crypto buyers
  • Not so great for its fees

3

Fiat currencies

27

Cryptocurrencies

Details

Product Name Coinbase Digital Currency Exchange
Fiat Currencies USD, EUR, GBP
Cryptocurrencies ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC & 10+ more
Deposit Methods Bank transfer (ACH)
Credit card
Debit card
Bank transfer (SEPA)
Wire transfer
Trading Fee Fees vary
Deposit Fees Credit/debit card: 3.99%
Bank Transfers (SEPA): None
Faster payments: None
U.S Wire Transfer: $10
Fees vary by location and payment method.
Withdrawal Fees Bank Transfers (SEPA): €0.15
U.S Wire Transfer: $25
Fees vary by location and payment method.

Pros

  • Easy
  • Tried and tested
  • Wide service range
  • Customer service

Cons

  • Expensive
  • Limited coin selection
  • Availability varies
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.

What's in this guide?

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD, EUR, GBP
  • Supported cryptocurrencies: Approximately 27 cryptocurrencies
*Availability varies by location

Which payment methods are accepted?

  • Bank transfer (ACH)
  • Credit card
  • Debit card
  • Bank transfer (SEPA)
  • Wire transfer
Go to Coinbase's website

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.

‹ ›

Fees and limits

Platform trading fees

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 20 February 2020.

Flat fees

Transaction valueFee
$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”.

Deposit and withdrawal fees

All deposit and withdrawal fees are included in the platform trading fees.

Transaction fees

Transfer typeFee
Transfers between Coinbase walletsFree
Transfers to an outside crypto walletNetwork fees

How fast will my funds be available?

Deposits

Clock icon for transfer speed

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

Clock icon for transfer speed

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 licenses in different US states, including the New York BitLicense, and money transmitter licenses 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?

Go to Coinbase's website

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 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
Go to Coinbase's website

Compare Coinbase against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Binance Cryptocurrency Exchange
Binance Cryptocurrency Exchange
Credit card,Cryptocurrency,Debit card,Osko,PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

267
cryptocurrencies
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Go to site
View details
Coinbase Digital Currency Exchange
Coinbase Digital Currency Exchange
Bank transfer (ACH),Credit card,Debit card,Bank transfer (SEPA),Wire transfer
USD, EUR, GBP

27
cryptocurrencies
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Go to site
View details
Kraken Cryptocurrency Exchange
Kraken Cryptocurrency Exchange
Electronic Funds Transfer,Wire transfer,Osko,PayID,Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF, AUD

47
cryptocurrencies
Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Go to site
View details
loading

Compare up to 4 providers

Frequently asked questions

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.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Privacy Policy.
Go to site