Coinbase cryptocurrency exchange review

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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

23

Fiat currencies

37

Cryptocurrencies

Details

Product Name Coinbase Digital Currency Exchange
Fiat Currencies USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more
Cryptocurrencies ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC & 20+ 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 Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of €0.45
Outgoing Bank Transfers (SEPA): €0.15
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.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more
  • Supported cryptocurrencies: Approximately 37 cryptocurrencies
*Availability varies by location

Which payment methods are accepted?

  • Bank transfer (ACH),Credit card,Debit card,Bank transfer (SEPA),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 28 April 2019.

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 1 day

  • Bank transfer
    May take 1 business day 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 business day 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 an e-money licence in the UK, and a wide range of licences in different US 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.

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

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Name Product Deposit methods Fiat Currencies Cryptocurrencies
eToro Cryptocurrency Trading
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Exmo Cryptocurrency Exchange
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A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
Revolut Cryptocurrency App
Bank transfer,Credit or Debit Card
GBP, USD, EUR, CAD, NZD, JPY, HKD, NOK, DKK & 9 more

10
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Buy and sell several popular cryptocurrencies through your Revolut account, set up recurring purchases and transfer it to other users. You can’t transfer cryptocurrency to anyone who does not have an active Revolut account.
Paybis Cryptocurrency Exchange
AdvCash,Credit card,Debit card,Neteller,Payeer
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

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Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Cryptopay Cryptocurrency Platform
Cryptopay Cryptocurrency Platform
Credit card,Cryptocurrency,Debit card,Bank transfer (SEPA)
GBP, EUR, USD

4
cryptocurrencies

Buy crypto with GBP, EUR or USD on Cryptopay, a platform with its own crypto prepaid debit card.
Kraken Cryptocurrency Exchange
Bank transfer (ACH)
USD, EUR, GBP, JPY, CAD, CHF

53
cryptocurrencies

CEX.IO Cryptocurrency Exchange
Bank transfer (ACH),Credit card,Bank transfer (SEPA), Faster Payments Service,Skrill
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Indacoin Cryptocurrency Exchange
Bank transfer (ACH)
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158
cryptocurrencies

Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
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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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2 Comments

    Default Gravatar
    John
    February 9, 2018

    What best place to buy and keep xlm

      Avatarfinder Customer Care
      Arnold
      February 16, 2018

      Hi John,

      Thanks for your inquiry

      Please note that there could be no best wallet for XLM as the wallets available on the market right now have their own pros and cons. To check which wallets are compatible with XLM, please click this link.

      Hope this information helps

      Cheers,
      Arnold

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