Coinbase is the most trusted cryptocurrency exchange in the United States. In this comprehensive review, we'll cover everything you need to know about trading on Coinbase.
Pros and Cons
✓ Pros
- Most trusted US exchange
- Beginner-friendly interface
- Strong security and insurance
✗ Cons
- Higher fees than competitors
- Customer support can be slow
Overview
Coinbase is a publicly traded company (NASDAQ: COIN) founded in 2012. The platform offers 250 cryptocurrencies for trading with simple buying, advanced trading via Coinbase Pro, and staking.
Fees
Coinbase charges varies by payment method and transaction type. Maker fees start at 0.4% and taker fees at 0.6%. Use Coinbase Advanced for lower trading fees.
Security
Coinbase is one of the most secure exchanges with insurance coverage. The exchange uses 98% cold storage, FDIC insurance on USD, and SOC 2 certification.
Supported Cryptocurrencies
Coinbase supports over 250 cryptocurrencies including all major coins like Bitcoin, Ethereum, and Solana, as well as a wide selection of altcoins.
User Experience
The Coinbase platform offers an extremely user-friendly interface perfect for beginners. Mobile apps are available for both iOS and Android.
Customer Support
Coinbase provides email support, phone support for account issues, and extensive documentation.
Who Should Use Coinbase?
Coinbase is best suited for US users and beginners who prioritize security and simplicity.
Final Verdict
Coinbase is the go-to exchange for US users despite higher fees. The security, regulatory compliance, and ease of use make it worth the premium.