Coinbase Review
Coinbase Review
Coinbase Global, Inc., known as Coinbase, is an American exchange company. Coinbase has a 24 hour market volume of $4,702,450,106 and offers traders 195 coins and 1000 pairs.
| Overview | |||
|---|---|---|---|
| 🏆 CI Exchange Rank | 4.4 (#6) | 📈 24H Volume | $4,702,450,106 (#2) |
| 📌 Headquartered | United States | 🧱 Founded | 2012 |
| 💧 CI Liquidity Rank | 0.048 (#13) | 🚀 Beginner-friendly? | Yes |
| 💲 Supports Fiat? | Yes | 🎌 Languages Supported | |
| 💼 Business Accounts | Yes | ✖️ Margin Trading | No |
| 👛 External Wallet | Yes | 🔃 OTC Trading | Yes |
| 📱 Mobile App | Yes | 💰 Integrated Wallet | Yes |
| 🔮 Futures Trading | No | ⚪️ Spot Trading | No |
| ⭕️ Coins: | 195 | 🔀 Pairs: | 1000 |
Coinbase is ideal for new traders entering the cryptocurrency market and experienced traders. U.S citizens are also permitted to trade on the exchange.
| Pros | Cons |
|---|---|
| User-friendly with a easy-to-use interface. Ideal for new traders entering the cryptocurrency market. | High transactional fees |
| Coinbase Earn feature rewards you with crypto for learning about available coins | No Margin or Future trading is permitted |
Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer. Although Coinbase was founded in San Francisco, it is remote first and has no headquarters. The company is registered with Money Services Business with FinCEN.
Crypto on Coinbase
Crypto Market Listings on Coinbase
Coinbase has a reported trading volume of $4,702,450,106 in the last 24 hours. Traders can expect an average bid-ask liquidity spread of 0.048. Coinbase is ranked position #13 among exchanges for liquidity.
| Coin | Pair | Price | Spread |
|---|---|---|---|
| USDT/USDC | $0.999755 | 0.02 | |
| BTC/USDT | $63331 | 0.01 | |
| ETH/USDT | $3090.72 | 0.03 | |
| ETH/BTC | $3092.32 | 0.02 | |
| WBTC/BTC | $63290 | 0.05 | |
|
|
CBETH/ETH | $3291.12 | 0.08 |
| SOL/BTC | $136.53 | 0.05 | |
| BCH/BTC | $489.02 | 0.04 | |
| DOGE/USDT | $0.156151 | 0.06 | |
| SOL/USDT | $136.81 | 0.04 | |
| SOL/ETH | $136.9 | 0.05 | |
| RNDR/USDT | $8.48 | 0.08 | |
| XRP/USDT | $0.49734 | 0.04 | |
|
|
OP/USDT | $2.23 | 0.04 |
Avalanche
|
AVAX/USDT | $35.55 | 0.08 |
Crypto Verification
Coinbase has two levels of verification you need to pass before you can start trading on your Coinbase account.
Level 1-Send and receive digital currency
- Name
- Verify email address
- Accept terms of service
Level 2-Buy digital currency
- Verify personal information
- Verify photo ID
| What's Needed | |||
|---|---|---|---|
| 🛂 Documents | Passport, Driving Licence, Bank Statement | 🕖 Verification Duration | 1 day |
Crypto Deposits
Cryptocurrency deposits are only available on Coinbase Pro mobile app. You can make a deposit by going to the Portfolios page and tapping the Deposit button in the top rig.
| Buying In | |
|---|---|
| Crypto/Coins | Free |
Crypto Withdrawals
For cryptocurrency purchases, withdrawals and sales, users are charged a spread of 0.5%. Added to this, there is a Coinbase fee, which could be either a variable or flat fee, depending on the payment method, region of the user, and transacted amount—among other things. Customers will always be charged the greater of the flat fee or variable fee.
The flat fees are based on the transacted amount and are set out below:
Fiat on Coinbase
Fiat Market Listings on Coinbase
| Coin | Pair | Price | Spread |
|---|---|---|---|
| BTC/USD | $63335 | 0.01 | |
| USDT/USD | $1 | 0.01 | |
| ETH/USD | $3090.88 | 0.02 | |
| SOL/USD | $136.96 | 0.01 | |
| BTC/EUR | $63343 | 0.02 | |
| ETH/EUR | $3089.84 | 0.01 | |
| DOGE/USD | $0.15601 | 0.03 | |
| USDC/EUR | $1 | 0.01 | |
| LTC/USD | $79.26 | 0.01 | |
|
Avalanche
|
AVAX/USD | $35.56 | 0.03 |
| SOL/EUR | $136.98 | 0.02 | |
| SHIB/USD | $0.0000217 | 0.05 | |
| BTC/GBP | $63354 | 0.04 | |
| XRP/USD | $0.4969 | 0.04 | |
|
|
PYUSD/USD | $0.999 | 0.01 |
Fiat Verification
To trade fiat on Coinbase, you will also need to pass both levels of verification:
Level 1-Send and receive digital currency
- Name
- Verify email address
- Accept terms of service
Level 2-Buy digital currency
- Verify personal information
- Verify photo ID
| What's Needed | |||
|---|---|---|---|
| 🛂 Documents | Passport, Driving Licence, Bank Statement | 🕖 Verification Duration | 1-3 days |
Fiat Deposits
The Coinbase fiat deposit fees are as follows:
- ACH-Free
- Wire(USD)-$10 USD
- SEPA (EUR)- €0.15 EUR
- Swift(GBP)-Free
| Buying In | |||
|---|---|---|---|
| SEPA Credit Transfer | €0.15 | Debit Card | Varies by region and payment method | Credit Card | Varies by region and payment method | Bank Transfer | $10 |
Fiat Withdrawals
The Coinbase fiat withdrawal fees are as follows:
- ACH- Free
- Wire(USD)- $25 USD
- SEPA (EUR)- €0.15 EUR
- Swift(GBP)- £1 GBP
Please note: Coinbase Fees may vary based on your location, payment method, and other circumstances. In some cases, we may charge an additional fee on transfers to and from your bank account.
| Cashing Out | |||
|---|---|---|---|
| SEPA Credit Transfer | €0.15 | Debit Card | Varies by region | Credit Card | Varies by region | Bank Transfer | $25 |
Coinbase Fees
Coinbase trading fee charges vary from $0.99 for transactions below $10 to $2.99 for transactions under $200 or an equivalent in any other currency. Added to this, Coinbase also charges variable spreads on purchases and trades.
Coinbase Features
Crypto-to-Crypto Trading
Coinbase offers a secure way to invest and trade with cryptocurrencies. You can choose between 195 coins and 1000 pairs.
Peer-to-Peer Trading
All payments facilitated by Coinbase Commerce are fully decentralized and peer-to-peer. This means that the cryptocurrency goes directly from your crypto wallet to a wallet that is only accessible by the merchant.
OTC Trading
Coinbase’s OTC desk is agency-only, and all counterparties must clear their robust KYC and AML policies
Business Accounts
Coinbase offers crypto solutions for institutional investors, family offices, and businesses.
Coinbase Wallet
Coinbase Wallet is a cryptocurrency wallet and DApp browser controlled by you and only you. This means that the private keys for your wallet is stored directly on your mobile device. You do not need a Coinbase.com account to use the Coinbase Wallet.
External Wallets
The Coinbase external wallet acts as a internal and external wallet. You do not need a Coinbase account to access the Coinbase Wallet.
The Coinbase Visa Card
The Coinbase Card is a Visa debit card that allows you to spend any asset in your Coinbase portfolio and earn rewards for each purchase. You can use your Coinbase Card with Apple Pay and Google Pay to make it even easier to spend crypto in the comfort of your home and wherever you find yourself.
Coinbase Earn
Coinbase earn allows you to earn crypto by just watching a few videos about your favorite cryptocurrency and completing a short quiz or task to test your knowledge. Any eligible Coinbase trader can view educational content for Coinbase Earn supported cryptos.
Coinbase Affiliates
When you refer a new customer to Coinbase, you’ll earn 50% of their fees for the first 3 months.
Customer Support Department
The Coinbase customer support department can be reached via email, twitter and telephonically.
Coinbase Safety
Cold Storage
Coinbase does make use of cold storage. The exchange stores 97% of their crypto offline, in a geographically distributed set of vaults.
CER Cyber Security Score (CSS)
9.51/10
CSS is an industry benchmark assessment of the cybersecurity characteristics of a given exchange. It consists of three weighted components: application-level security, SSL/TLS connection, and domain security. CSS uses over 18 indicators, based on the best practices of cybersecurity protection.
Two-Factor Authentication
2FA is a extra layer of security added to your account from the minute you sign up with Coinbase. You will need to complete 2FA when logging in and when performing any transaction.
Coinbase Vault
Coinbase traders have the ability to organize funds into different wallets or store their crypto in a vault as part of their Coinbase account. The vault can receive cryptocurrency like a normal wallet, but can also prevent stored crypto from being immediately withdrawn by adding optional security steps.
Coinbase FAQs
Is Coinbase safe?
Yes. Coinbase uses extensive security measures to protect your privacy and your crypto assets
Does Coinbase support fiat currencies?
Yes, Coinbase does support fiat currencies.
Can you short on Coinbase?
Unfortunately, Coinbase does not permit margin or futures trading.
