Coinbase

๐Ÿ‘ 92%

Share your experiences with Coinbase

Tell us what you like and dislike about Coinbase. Help others make more informed decisions based on your insights.
A

Ammar A ๐Ÿ‘

Pros

Very good financial platform, easy to understand and use. I will definitely recommend it to my colleagues.

Cons

I think they should add more cryptocurrencies, also they should add more security layers as these days crypto hacks are increasing.
S

Sharren S ๐Ÿ‘

Pros

It's easier to use than most other places because you can buy and sell coins instantly. You can move your coins to other exchanges quickly.

Cons

More coins available in the exchange, less exchanges fees.
A

Alex C ๐Ÿ‘

Pros

Easy to use mobile app and convenient access to cryptocurrency. I like that I can buy Bitcoin, Litecoin, etc. and exchange it back to US dollars when I want. I can also view a history of the price of the cryptocurrency to see when you want to sell it.

Cons

There are certain features that are only available through their website. Such as linking a bank account. It would be nice if the mobile app was more feature rich.
E

Erica P ๐Ÿ‘Ž

Pros

Ease of use and could easily set up bank and credit card payment.

Cons

Fees are a little ridiculous, the fees need to be laid out in plain sight, so you know what youโ€™re paying instead of a floating fee scale.
O

Oren M ๐Ÿ‘

Pros

It's a regulated company that has been backed by major investors.
The interface is very easy to use and there a bunch of withdrawal options.

Cons

The liquidity timeframe could be improved, but that could be good from a security perspective.
F

Francsico M ๐Ÿ‘Ž

Pros

Simple design and friendly interface, convenient, fully regulated.

Cons

Needs more projects listed, should reduce fees, needs more transparency and honesty as to not market itself as a "sovereign" solution.
T

Tim P ๐Ÿ‘

Pros

I've used Coinbase for a few years and have watched the site evolve and expand to include an app. It's pretty straightforward to use, with no frills, no bells nor any whistles. It's simple and easy to use to track, buy, or sell any of the cryptocurrencies hosted on their exchange. Also easy to withdraw and deposit. It's a solid standalone site, with a really easy to use app with a clean interface. The imposed security features and protocols I've had to adhere to over time have made Coinbase operate and feel like a secure trading platform.

Cons

The suite of currencies could be expanded. The fees could always be a bit smaller.
A

Aaron M ๐Ÿ‘

Pros

It's really easy to use! Beautiful interface. I lost money on Bitcoin and Litecoin, but I more than doubled my investment in Ethereum, thanks to Coinbase's easy-to-understand analytics and instant buy/sell.

Cons

They make it horribly difficult to sell. I had to transfer my holdings to another exchange to convert it to fiat currency.
S

Sedale M ๐Ÿ‘

Pros

Ease of use, easy to understand and you can know very quickly what you need to make a decision.

Cons

It does take some getting use to. I also think it could provide more clarification on how the security features work, given how much information they hold.
H

Houssein S ๐Ÿ‘

Pros

Very user friendly, although the fees were a bit high compared to the average market charges.

Cons

Optimisation of the exchange wallet, and offering a dynamic price offering based on account tier.

Important Info:

Deposit Fee
Varies - Avg. 1.49%
Trading fees
$2.99
Minimum Deposit
$2
Minimum Withdrawal Amount
$10

Coinbase

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Coinbase is a San Francisco-based investment app that offers a digital currency wallet and allows its 20 million users to buy and sell cryptocurrencies such as bitcoin and ethereum. Itโ€™s supported in over 30 countries.

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