Coinbase Review – Leading Digital Currency Exchange Platform

Fred Ehrsam and Brian Armstrong founded Coinbase in 2012. Coinbase is a globally recognized firm with its availability in more than 135 countries. The company has a massive user base of more than 35 million users, and Coinbase has grabbed a significant market portion.

Coinbase envisions cryptocurrency as the future, and the company believes that everyone around the world should have fair access to bitcoin. The firm views crypto as a strong contender for a global open financial system.

Coinbase is a go-to platform for beginners as well as veterans, and the company offers a wide range of services with an intuitive user interface. Moreover, their generally fair-fee system and multiple payment methods make this company a “darling of the crowd.”

Important Features

Coinbase Brokerage

The company offers brokerage services for buying and selling cryptocurrencies at a fixed price. Coinbase is such an important name in the crypto industry that every beginner prefers or at least thinks about trading with this platform. The firm has earned an unparalleled reputation and has a friendly UI. Their highly efficient marketing strategies always get the attention of new users. The brokerage service allows users to directly trade with the company rather than trading with other traders in a live market place.

Coinbase Pro

The company also offers a live cryptocurrency market place that allows users to trade directly with each other. Using this platform, the users can trade different digital assets with all the confidence because of a safe and insurance-backed environment. Moreover, the exchange fees on this particular feature are lower as compared to the brokerage services.

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Merchant Solutions

As mentioned above, Coinbase envisions cryptocurrency to be a global financial system. With that being said, the company heavily invests in creating a solution that allows online retailers to accept cryptocurrency for selling their services and products.

The company gives those retailers/merchants a dedicated plugin. This plugin can be used to accept bitcoin and other types of cryptocurrencies. Moreover, several renowned online shopping content management services like WooCommerce, Magneto, and Shopify support this option.

Coinbase Fees

To make things simple, the fee system of Coinbase is pretty difficult to crack, and it has faced regular criticism. Here is a simplified presentation of their fee mechanism, but it is highly recommended that you do your own research as well.

• Coinbase Pro exchange has a regular market price of +0.5 percent.
• Transactions involving amount below $200 are charged with a greater of
• A flat fee
• Percentage of the transaction

Moreover, for regular purchases, the transaction fee is around 1.49 percent, and if you use the credit card for direct purchases, that figure will jump up to 4 percent.

As you can see, their fee system is not easy to decipher. Users mostly don’t know how much they will have to pay for the transactions and often complain about this problem. This probably is a major setback for Coinbase, and it often questions their transparency in this regard.

Pros

• Their user interface is clean and intuitive.
• A friendly option for beginners
• They have a quick KYC verification process.
• A huge selection of assets

Cons

• Relatively slower customer service
• More expensive than their competitors
• The platform doesn’t perform that well in poor moments, such as situations like a rise in the bitcoin market

Conclusion

You can be a member of this company the next minute. All you have to do is to sign up and send in some Bitcoins. Your profits start calculating the moment you successfully make a deposit.

Visit the Official Coinbase website

FAQ

• How do you buy Bitcoins on Coinbase?

  – Sign up to Coinbase
  – You can buy Bitcoin using cash: you can link your debit/credit card or bank account

• Is Coinbase safe?

  Coinbase is considered a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa).

• How can I withdraw money from Coinbase?

  Coinbase supports multiple different payment methods. Select the fiat currency you’d like to withdraw and the payment method.

Visit the Official Coinbase website