Coinbase review

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

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

No reviews yet. Write a review

23

Fiat currencies

234

Cryptocurrencies

Details

Product Name Coinbase Digital Currency Exchange
Fiat Currencies USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 13 more
Cryptocurrencies BTC, BCH, DAI, ETC, ETH, BAL, BCH, LTC, ADA, SOL & 225 more
Deposit Methods Bank transfer (ACH)
Credit card
Debit card
PayPal
Wire transfer
Trading Fee Maker: 0.00 - 0.4%
Taker: 0.05 - 0.6%
Deposit Fees ACH: Free
Wire transfer: US$10
SEPA: EUR€0.15
SWIFT (GBP): Free
Withdrawal Fees ACH: Free
Wire transfer: US$25
SEPA: EUR€0.15
SWIFT (GBP): GBP£1
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.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN
  • Supported cryptocurrencies: Approximately 234 cryptocurrencies
*Availability varies by location

Which payment methods are accepted?

  • Bank transfer (ACH)
  • Credit card
  • Debit card
  • PayPal
  • Wire transfer

What’s it like to use Coinbase?

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 17 December 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?

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.

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.
  • Fiat currencies.Coinbase has one of the largest ranges of fiat currency support of any exchange.
  • 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

Table: shows partner brands and other brands, sorted by popularity
Name Product Deposit methods Fiat Currencies Cryptocurrencies
OKX Cryptocurrency Exchange
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP

323
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 300 cryptocurrencies, OKX offers its users a variety of payment methods and coins to choose from.
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Cryptocurrency, Simplex, Banxa, XanPool, MoonPay, Mercuryo, E-check, Legend Trading, Capitual
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

245
cryptocurrencies

Cashback on deposits over US$1,000 + zero fees on spot trades. T&Cs apply.
Disclaimer: Highly volatile investment product. Your capital is at risk.
Buy, sell, trade and earn hundreds of cryptos on this full-featured global trading platform.
Kraken Cryptocurrency Exchange
Bank transfer, Apple Pay, Google Pay, SWIFT, Visa and Mastercard debit/credit card, ACH online banking, Digital Wallet purchases
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

214
cryptocurrencies

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