Coinbase Review 2021: Security, Fees & Special Features

The webs most detailed Coinbase Review: Find out what our expert has to say about this high-security cryptocurrency exchange that has earned the title “the safest crypto exchange”. Learn what makes Coinbase special when it comes to investing, trading, and why you should use this platform.

4.16/5
Excellent
Regulated by
FinCEN
United States flag
Coinbase
Founded June 2012
Owner Coinbase Inc
Type Cryptocurrency Exchange
Fees 0.50%
account minimum 2$
Best for Investors

Why Coinbase

In this section of our Coinbase review we highlight 6 special features that deserves extra attention.

This status is earned only by the safest and most trusted trading platforms with a proven track record of being safe.
High Security
This status is earned only by the safest and most trusted trading platforms with a proven track record of being safe.
This platform has extra security features such as segregated bank accounts and investor insurance funds.
Security Of Funds
This platform has extra security features such as segregated bank accounts and investor insurance funds.
This Cryptocurrency Exchange keeps most of your coins stored offline in cold storage for extra security.
Cold Storage Wallet
This Cryptocurrency Exchange keeps most of your coins stored offline in cold storage for extra security.
Deposit your fiat currency and start trading or investing in cryptocurrencies without any blockchain transactions.
Fiat Account
Deposit your fiat currency and start trading or investing in cryptocurrencies without any blockchain transactions.
This platform is perfect for beginners with limited trading or investing experience online.
Beginner Friendly
This platform is perfect for beginners with limited trading or investing experience online.
Trade or invest on the go with your smartphone. Keep track of your portfolio where ever you are.
Trading App
Trade or invest on the go with your smartphone. Keep track of your portfolio where ever you are.

About Coinbase

Coinbase is regulated by the Financial Conduct Authority and has a license to engage in money transmission in most states in the United States and outside of the US it is authorized by the Financial Conduct Authority under the Electronic Money Regulations to issue electronic money. This is almost as good as it gets when it comes to security in the world of centralized cryptocurrency exchanges.

The headquarter is located at 00 Pine Street, Suite 1250, San Francisco, CA 94111. Coinbase started as an initiative to spread the word about cryptocurrencies and make it possible for anyone anywhere in the world to be able to hold a digital asset. The plan is still in effect and they are moving forward every year. Today they have earned a good reputation for themselves as being one of the crypto exchanges with the highest security of them all.

Why use Coinbase

If your main priority is security, then Coinbase is absolutely the right choice for you. Coinbase offers different special features like staking, trading, coin exchange, and other promotions related to crypto, however, this is the one place investors go when they are looking for a safe place to store their coins. If you are a beginner investor in the cryptocurrency space then you will find Coinbase very easy to use since they are focusing on usability for all customers.

Coinbase is also a well-known company and they have over 1200 employees so this is another reason to use this platform. It’s a real company with real offices and a good reputation as well. Many well-known investors were behind Coinbase in the early days and that says a lot about the management. Overall, if you are tired of all the smaller exchanges and want a reliable place to store, or trade your coins, Coinbase is definitely for you.

Trading on Coinbase

I am not happy with the trading on Coinbase for a number of reasons. First of all, the charting package is pretty much useless. They have almost no technical indicators, the chart is very slow, and the order selection is not suited for active traders. You do not have an option to place a stop loss and don’t even think about scalping. Coinbase launched their own more professional trading platform Coinbase PRO but this one is not up to standards in my opinion.

When I entered the Coinbase PRO platform I didn’t get surprised with a lot of trading tools and advanced charting with drawing tools. It’s a very basic trade interface. However, if that’s what you are looking for then you might favor Coinbase PRO over other trade platforms. This platform doesn’t get my recommendations when it comes to active trading!

Payment methods and limits

Coinbase offers basic payment methods, card payments, bank transfers, and PayPal. Regarding limits, it is possible to increase the daily deposit limit from $7500. Also, there is an option to sign up for an institutional account and here you will get access to their OTC desk which has a lot higher limits. So, if you are a large investor, head over to the Coinbase PRIME section, sign up, and make large orders today.

Things we don’t like

As mentioned before, I am not very happy with the trading part of this cryptocurrency exchange. Another thing I noticed was that the customer support was pretty weak as well. I tried to contact them by email and I still haven’t got a response, a couple of hours later. This is something I don’t like at all, especially when they don’t have a live chat as well. With the economy of such a large exchange, they should be able to open up a department for better customer support and include a 24/7 live chat.

Trading Fees

Products
Maker fee
Taker fee
Cryptocurrency
0.50 %
0.50 %

Products

Cryptocurrency
Cryptocurrency

Trading Platforms

Webtrader
Webtrader
Own trading platform Windows + Mac
Own trading platform Windows + Mac

Order Types

MO - Market Order
SM - Stop Market
SL - Stop Limit

Devices

Desktop
Desktop
Smartphone
Smartphone
Web
Web
Tablet
Tablet

Special Features

Altcoins
Daily Gainers & Losers
Trade Alerts
Promotions
2FA Verification
Staking
Margin Trading
Leverage Trading
Cryptocurrency Wallet
High Limits
Education
OTC Market
Veteran Trading Platform
KYC
Quick Registration
Instant Deposits
Institutional Trading
Market News
Buy Cryptocurrency
Recurring Crypto Purchase

About the special features on Coinbase

High security, cold storage, and a great way of investing in bitcoin and other cryptocurrencies are what’s promised on the Coinbase cryptocurrency exchange. When I was reviewing this platform I realized that there is an OTC market as well for institutional investors where you will get access to deeper liquidity and better orders. A fairly quick registration system is a huge plus for this exchange and the fact that they will ask for KYC documents is a good feature for your safety.

If you are into promotions Coinbase has a couple of ways to earn free cryptocurrencies through their earn section. There is also a fair amount of education if you browse the site a little and a lot of nice blog posts from good content writers.
Staking is another option on this centralized exchange that you can use if you have spare coins you are not using at the moment.

Coinbase PRO

This is the go-to hub for traders that are interested in day trading or swing trading cryptocurrencies on one of the safest platforms on the globe. It makes for ok trading, however, I would not recommend scalping here since the order selection is very poor. I warn you also regarding the chart, it is quite slow and you will not be able to zoom in and out as you would on many other advanced charting platforms. It’s a good start but for now Coinbase PRO is not the highest-ranked trading platform on Tradingbrowser.

Funding

Mastercard
Mastercard
Visa
Visa
Bank transfer
Bank transfer
PayPal
PayPal
SEPA
SEPA

Accepted Currencies

USD ($)
EUR (€)
GBP (£)

Limits

Max Withdrawal Limits
$20000 daily
Min Withdrawal Limits
$0.10
Min Deposit Limits
$1.99

Languages

United Kingdom
English
Germany
German
Spain
Spanish
France
French
Japan
Japanese
Italy
Italian
Poland
Polish
Portugal
Portuguese
Russian Federation
Russian
Turkey
Turkish
Thailand
Thai

Restricted Countries

Cuba
Haiti
Belize
Saint Lucia
Grenada
Saint Vincent and the Grenadines
Antigua and Barbuda
Saint Kitts and Nevis
Bolivia
Falkland Islands (Malvinas)
French Guiana
Guyana
Suriname
Venezuela, Bolivarian Republic of
Albania
Armenia
Azerbaijan
Belarus
Bosnia and Herzegovina
Georgia
Germany
Moldova, Republic of
Netherlands
Republic of North Macedonia
Ukraine
Russian Federation
Afghanistan
Bangladesh
Bhutan
Cambodia
China
Iran, Islamic Republic of
Iraq
Israel
Lao People"s Democratic Republic
Lebanon
Malaysia
Korea, Democratic People"s Republic of
Korea, Republic of
Pakistan
Palestinian Territory, Occupied
Qatar
Saudi Arabia
Sri Lanka
Syrian Arab Republic
Tajikistan
Timor-Leste
Turkmenistan
United Arab Emirates
Vietnam
Yemen
Algeria
Burkina Faso
Burundi
Cape Verde
Central African Republic
Chad
Comoros
Congo
Democratic Republic of the Congo
Djibouti
Egypt
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Gambia
Guinea-Bissau
Guinea
Lesotho
Liberia
Libya
Madagascar
Malawi
Mali
Mauritania
Mayotte
Morocco
Mozambique
Niger
Nigeria
Réunion
Saint Helena, Ascension and Tristan da Cunha
Sao Tome and Principe
Senegal
Seychelles
Sierra Leone
Somalia
South Sudan
Sudan
Tanzania, United Republic of
Togo
Zimbabwe

Security

Is Coinbase safe to use?

Since it’s one of the most trusted crypto exchanges on the market it’s fair to say that it’s safe to use. Coinbase is registered as a Money Transmission Service and it is authorized to issue electronic money by the Financial Conduct Authority outside of the US. Inside the United States, it is licensed in most states which is a very good sign and makes it safe to deposit your fiat currencies. Coinbase will as for your KYC documents which is another plus since you are the only one that can send in the correct documents if your account would be compromised. 2FA verification is also an option you can activate to increase the security of your account. 2FA verification is used through your mobile phone to add an extra layer of protection.

Is Coinbase regulated?

Coinbase is regulated by the FCA, or Financial Conduct Authority and it’s also carrying a license in several US states.

Support

Contact Form
Contact Form
Phone Number
Phone Number
+1 888-908-7930

Frequently asked questions

Read the most frequently asked questions about Coinbase. Find answers without searching the web.

Coinbase is a licensed cryptocurrency exchange and also one of the most trusted names in the industry. Coinbase is a very safe place to buy and trade cryptocurrencies.

Coinbase offers relatively good fees for buying Bitcoin with card payments and bank transfers. Regarding safety, it is recognized as one of the safest exchanges to use for crypto investments.

No, it is a very trusted exchange and you will definitely not get scammed while using this platform.

To make a withdrawal on Coinbase you need to first connect your bank account by sending an initial bank transfer deposit to the exchange. When you have connected your bank account to your Coinbase account you can start withdrawing your money.

It is a cryptocurrency exchange for beginners and advanced investors who want to buy or sell cryptocurrencies in a safe way.