23

Fiat currencies

251

Cryptocurrencies

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 & 242 more
Deposit Methods Credit card
Debit card
Trading Fee Maker fee: 0.00-0.4%
Taker fee: 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.

What is Coinbase?

Coinbase is one of the world’s best-known cryptocurrency exchanges. It was founded in 2012 and as of December 2021 claimed to have over 70 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 recently introduced a Coinbase card, which is available to users in countries like the UK and Australia. The debit card is helpful for spending in crypto worldwide. While the card has yet to be launched locally, users in Singapore can look forward to the launch of a Coinbase card here sometime in the future.

Quick verdict

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 the 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
  • Withdrawal process. If you want to sell your cryptocurrency and cash it out, you are only able to transfer to accepted payment methods. For those based in Singapore, you can transfer to your debit (via your bank account) or credit card. Other cash-out methods such as Paypal or wire transfer are not available for Singapore at this point.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN
  • Supported cryptocurrencies: Approximately 251 cryptocurrencies
*Availability varies by location

Which payment methods are accepted?

  • Credit card
  • Debit card

What’s it like to use Coinbase?

Fees and limits

Platform trading fees

Coinbase has a tiered fee structure, where active traders are incentivised with discounted trading fees. Maker fees start at 0.4%, while taker fees start at 0.6%.

Pricing tiers are calculated over a 30-day period.

30-day spot trading volumeTaker feesMaker fees
$0 – $10,0000.6%0.4%
$10,000 – $50,0000.4%0.25%
$50,000 – $100,0000.25%0.15%
$100,000 – $1 million0.2%0.1%
$1 million – $15 million0.18%0.08%
$15 million – $75 million0.16%0.06%
$75 million – $250 million0.12%0.03%
$250 million – $400 million0.08%0.00%
More than $400 million0.05%0.00%

Note: Information provided is accurate as of 3 November 2022.

Other fees

Standard blockchain fees apply for on-chain transfers.

Coinbase charges a 25% commission on staking, which is deducted from your distributed earnings.

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

Coinbase card

The Coinbase card is a Visa debit card which you can use to spend cryptocurrency anywhere in the world where Visa cards are accepted. Coinbase converts all cryptocurrency to US dollars when you use the card to purchase items or ATM withdrawals. However, you will not be able to get a Coinbase Card in Singapore. As of now (23 Oct 2022), it is only available for US residents.

Is Coinbase safe to use?

  • Regulation. Coinbase holds a wide range of licenses in different countries. As of 11 October 2022, the Monetary Authority of Singapore (MAS), has issued Coinbase in-principal approval for a Digital Payment Token (DPT) license to operate in Singapore.
  • 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 Singapore?

Registering for an account at Coinbase Singapore is easy. Simply follow the steps below:

Compare Coinbase against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

221
cryptocurrencies

Independent Reserve Exchange
Cryptocurrency, SWIFT, FAST Transfer
SGD, USD, AUD, NZD

19
cryptocurrencies

EXCLUSIVE
Tokenize Xchange
Bank transfer, Xfers
SGD

89
cryptocurrencies

Get 2 TKX when you sign up and deposit a minimum of 500 SGD. T&Cs apply.
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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.

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