Coinbase is a leading global cryptocurrency exchange, boasting a user base of over 25 million across 32 countries. It provides a secure platform for buying, storing, and selling various cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and several others. The platform offers a straightforward and intuitive interface via its web platform and mobile application.
The Coinbase platform simplifies cryptocurrency transactions, enabling fast and easy purchases of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and more with just a bank account or debit card. It supports a wide range of assets including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic(ETC), Litecoin(LTC), Basic Attention Token (BAT), 0x, (ZRX) and USD Coin (USDC), with availability varying by region.
Coinbase is equipped with tools designed to help both beginners and seasoned crypto enthusiasts. These include features that facilitate knowledge building and portfolio management, such as automatic buys and price alerts. The platform also provides a clear and user-friendly dashboard for tracking crypto prices and asset values. In terms of security, Coinbase stores over 98% of cryptocurrency offline in a secure manner, with the remainder safeguarded by top-tier online security measures. The platform also enforces stringent safety standards for accounts, including multi-stage verification and bank-level security. Additional security features include the ability to lock the app with a passcode or remotely disable access to the app in case of loss or theft. With a minimum purchase limit of $20, Coinbase is a comprehensive platform for all stages of the crypto journey.
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Comments and Reviews
Fees are pretty high, but you can use Coinbase Pro to avoid them.
They have high fees, and their customer support is sub-mediocre.
Their automatic ID verification fails repeatedly. Your only option is to open the chat window and converse with their robot, which just tells you what you already know. You then have to tell it that you need to talk to a human. It will then transfer you to a human who is barely more capable than the robot. It took me 90 minutes to change my address. I had completed ID verification months earlier, but I had to go through the whole process again. Half of my morning was wasted.
I tried to send money via Litecoin, which I had never done before. I accidentally pasted in the address for a different coin. Yes, that was my mistake. However, Coinbase should have recognized that the format of the address I typed in could not possibly have been a Litecoin address. They sent it off to the invalid address, and my $100 disappeared into the ether. One of the most fundamental concepts in user interface design (which was figured out 50 years ago!) is to check user input for obvious problems (For example, if you are expecting numeric input, make sure the user didn't type in any letters. Or if you are expecting a Litecoin address, make sure it looks like one.).
The highest fees from all exchanges. No Nano (XNO).
Not bad, but the funds are stored with them, so it's always a risk
While it's probably one of the most trustworthy centralized exchanges, there has still been a fair amount of shady stuff going on with it. The thing that worries me the most is the fact they added USDT (Tether). Now it is too a part of the Tether/Bitfinex/Binance/Justin Sun cartel.
Coinbase suddenly close my account without stating any reason.
Coinbase just lied and remove the US dollar to US dollar exchange. Don't trust this company, it also ask way too much personal information, the same information you would give to a bank.
Doesn't explain things well for new people, no help tips or easy U.I for them. Since they just remove the US dollar, it will soon remove other currency.