Coinbase review 2019

Is Coinbase a good exchange?

If you're looking for a solid exchange where you can deposit US dollars with an ACH or a wire transfer, Coinbase could be worth considering.

Deposit fees

Withdrawal fees

Trading commission

Accepting US citizens

Credit or debit card 3.99% SEPA transfer €0 US bank transfer 1.49% Coinbase USD wallet 1.49% ACH transfer $0 Wire transfer $10
SEPA €0.15 US bank transfer 1.49% Coinbase USD wallet 1.49% Wire transfer $25
Variable
Yes

Coinbase is one of the largest and most popular cryptocurrency exchanges in the world. It's based in the US and accepts bank transfers in fiat currency. You can start purchasing cryptocurrencies as soon as you signup. But there are limits to how much you can buy without being verified. Verification is also required to be able to withdraw.

Is Coinbase secure?

Yes. In addition to a secure platform, Coinbase offers its own digital wallet where you can store your cryptocurrencies.

What kind of platforms does Coinbase offer?

Coinbase offers a simple web-based platform where you can directly purchase all the available cryptocurrencies. But if you're looking for advanced charting tools, you could either use another platform to monitor the price movements and trade at Coinbase, or you could consider using another exchange.

Standout features

  • No deposit fees. Some deposit options, like the SEPA and ACH transfer, come with $0 fees.
  • Low withdrawal fees. SEPA withdrawal costs €0.15, which is the lowest of all available methods.
  • Beginner-friendly.Beginner traders would find it easy to buy Bitcoin and to use Coinbase.
  • Promotions. Coinbase runs ongoing promotions, such as get $10 when you invite a friend or $10 in XLM tokens once you view Stellar tutorials and answer quiz questions, plus up to $40 in XLM tokens when you refer friends.

Watch out

  • Verification required.You need to verify your account to increase your weekly transaction limits and to be able to withdraw your funds.
  • Limited number of digital currencies. You can trade the most popular cryptocurrencies on Coinbase, but you don't have as many trading options as other exchanges' have.

What can I trade with Coinbase?

  • Cryptocurrencies

How do I signup with Coinbase?

  1. Go to the Coinbase website.
  2. Click Get started.
  3. Enter your first name, last name, email and password.
  4. Verify your account.
  5. Deposit funds.

Bottom line

Coinbase is one of the largest and most popular digital currency exchanges that lets you deposit and withdraw fiat currencies with low fees. But it comes with a simple trading platform that may turn off advanced traders.