If you want to buy specific cryptocurrencies or coins with your fiat money, Coinbase may be the exchange for you. In this Coinbase review, weโ€™ll cover the basics of Coinbase in depth including itโ€™s pros and cons, fee schedule, services and more. Letโ€™s get started!

Coinbase At a Glance

Minimum Trade $2
Number of Cryptocurrencies More than 250
Account fees No deposit and withdrawal fees
Mobile App Mobile app is available
Customer Service Phone, email and chat
Location United States

Coinbase helps you buy, sell or trade different currencies such as Bitcoin, Ethereum, Solana and Tether. It offers everything a cryptocurrency investor needs in one platform.

Coinbase: Pros and Cons

Pros Cons
User-friendly interface Complicated fee structure
Beginners-friendly Poor customer Support
No fees, no domestic bank transfers The user does not control wallet keys
Large num of cryptocurrencies and trading pair available Coinbase is available in few countries
Advance charts and trading tools  
Features a native NFT marketplace  
Very high liquidity  

Coinbase Features

Coinbase is an easy-to-use platform that offer different services to trade easily without any problem. Here are the services offered by the Coinbase:

Simple and Advance Trading

There are two types of trading options that you can access from your Coinbase account, simple and advanced. The simple trade option is user-friendly but has higher fees. Alternatively, the advanced trade option offers lower fees and more features including charts, a live order book. So, itโ€™s better to use the advanced option to minimize fees when investing in cryptocurrencies.

Educational Content

Coinbase has an impressive educational content including crypto basics, tips, and tutorials. This indepth knowledge keeps you updated about the market trends. These educational resources are really helpful for learning different cryptocurrencies and the taxes when investing in cryptocurrencies.

Crypto Rewards

If you have a Coinbase account, you can earn extra money on some digital currencies. Coinbase automatically gives you interest on certain stablecoins like USD Coin (USDC). You can also earn rewards by staking certain cryptocurrencies like Ethereum (ETH) and Solana (SOL). Keep in mind that not everyone is eligible, and it depends on where you live and the specific cryptocurrency you have.

Coinbase Debit Card

If you have a Coinbase account, you can get a special card called Coinbase card. Itโ€™s like a Visa card that uses your Coinbase money and lets you spend cryptocurrencies. You can even earn extra crypto rewards, up to 4% back, while using the card.

Crypto Wallets

Crypto wallets come in many shapes and varieties. For that reason, Coinbase offers three different types of online wallets:

Coinbase Wallet

This wallet supports hundreds of thousands of crypto assets. For this, itโ€™s not necessary to open an account on Coinbase.

Coinbase Exchange

This is a default wallet option that helps you to trade on Coinbase.

Coinbase dApp Wallet

This wallet stores all ERC-20 tokens that run on the Ethereum network.

Mobile App

Coinbase mobile app is a user-friendly tool on your phone that helps you buy, sell, and manage cryptocurrencies. It has high ratings on both App Store and Google Play Store. If you want to start trading on your phone, itโ€™s a great option to consider.

Cryptocurrencies Available on Coinbase

Some of the popular cryptos on Coinbase are:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USD (USDT)
  • Cardano (ADA)
  • Solana (SOL)
  • Polkadot (DOT)
  • USD Coin (USDC)
  • Dogecoin (DOGE)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Shiba Inu (SHIB)
  • Stellar Lumens (XLM)
  • Polygon (MATIC)

Coinbase Trading Fees

Hereโ€™s the Coinbase fee schedule for advanced traders:

Pricing Tier Taker Fee Maker Fee
Up to $10,000 0.60% 0.40%
$10,000 to $50,000 0.40% 0.25%
$50,000 to $100,000 0.25% 0.15%
$100,000 to $1,000,000 0.20% 0.10%
$1,000,000 to $20,000,000 0.18% 0.08%
$20,000,000 to $100,000,000 0.15% 0.05%
$100,000,000 to $300,000,000 0.10% 0.02%
$300,000,000 to $500,000,000 0.08% 0.00%
Over $500,000,000 0.05% 0.00%

For transactions of $205 or more, Coinbase applies a flexible percentage fee of slightly less than 1.5%. However, it charges a flat fee on smaller trades. Here are the flat fees Coinbase charges depending on the transaction amount.

Transaction Amount Fee
$10 or less $0.99
$10-$25 $1.49
$25-$50 $1.99
Over $50 $2.99

Payment Methods for US Customers

 Methods Buy Sell Add Cash Cash Out Speed
Bank Account (ACH) โœ” โŒ โœ” โœ” 3-5 business days
Instant Cash outs to Bank Accounts โŒ โŒ โŒ โœ” Instant
Debit Card โœ” โŒ โŒ โœ” Instant
Wire Transfer โŒ โŒ โœ” โœ” 1-3 business days
PayPal โœ” โŒ โœ” โœ” Instant
Apple Pay โœ” โŒ โŒ โŒ Instant
Google Pay โœ” โŒ โŒ โŒ Instant

Reviews Highlights

Frequently Asked Questions

Is Coinbase Secure?

Coinbase has several security measures to protect customer funds, which make it a relatively safe place to store your crypto assets.

Is Coinbase good for beginners?

Coinbase is a good choice for beginners, it requires a little technical knowledge. Anyone can easily navigate Coinbase interface and trade crypto.

Can you trade NFTs on Coinbase?

Coinbase is a platform where you can trade Non-Fungible Tokens (NFTs). All the available NFTs can be purchased with either Ethereum or US dollars.
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