Coinbase

Coinbase is based in San Francisco and offers the crypto broker "Coinbase" and the professional crypto exchange "Coinbase Pro," which is designed for professional investors. Coinbase is a safe and legit company that is listed on the US-Exchange Nasdaq.

Target User
Beginners & Experts
Coins
58
Trading fees
high
Fiat Withdrawal Fees
low
Security
Countries
100+
Languages
EN +12

Pros

  • Coinbase simple trading interface is easy to use for beginners

    User Interface

  • Officially, Coinbase was never hacked

    Hacks

  • Insurance to protect user funds in case of security breaches

    Insurance

  • Comprehensive investor education on Coinbase Learn

    Education

  • Coinbase offers a support number as emergency hotline to block user accounts

    Support

  • Coinbase is based in San Franciso and is listed on the US-exchange Nasdaq

    Regulations

All pros

Cons

  • High trading fees

    Fees

  • Coinbase Pro is only available in English

    Languages

  • Users need a separate account for Coinbase and Coinbase Pro

    Lite Trading

Safe, legit, and easy - but expensive

While Coinbase is a broker, Coinbase Pro is a fully functional exchange. Coinbae caters to beginners and makes buying and selling cryptocurrencies extremely easy. Coinbase Pro caters to experts and offers more advanced exchange functionalities. Users need two separate accounts to use both platforms. Coinbase has a high level of security and has never been hacked, unlike most other crypto exchanges. Trading fees are relatively high compared to other exchanges and Coinbase Pro is only available in the English language.

Coinbase

Coinbase in the CryptoStudio-Check

Overview
Platform Score
based on 5 categories
Search icon Exchange functionalities
based on 5 criteria
Search icon Fiat deposits and withdrawals
based on 5 criteria
Search icon Security
based on 5 criteria
Search icon User experience
based on 7 criteria
Exchange functionalities
Rating:
Search icon Amount of coins/tokens:
58
Search icon Trading Fees:
high
Search icon Margin Trading:
Coinbase does not offer margin trading due to regulatory reasons
Search icon Lite Trading:
Coinbase is a Broker and therefore offers an extremely simple user interface. The expert modus is called "Coinbase Pro" and offers a completely different user interface and lower trading fees. To use Coinbase Pro, a separate account is required, meaning users cannot seamlessly switch back and forth between lite and expert trading mode like on other exchanges.
Search icon DCA-Plans:
Coinbase offers DCA plans with different interval options for a one-time fee

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Fiat deposits and withdrawals
Rating:
Search icon Fiat deposit limits:
Depends on payment method and the user's country of residence. Wire transfers in USD are unlimited
Search icon Fiat withdrawal limits:
Unlimited for USD wire transfers, $25,000 for SEPA per day. The daily limit for Coinbase Pro is $50,000. This amount applies across all currencies and may be increased upon request
Search icon Withdrawal fees:
low
Search icon Payment methods:
For most countries Coinbase offers bank deposits (ACH, SEPA or wire) debit and credit card
Search icon Withdrawal methods:
Depends on country, mostly bank account withdrawals (ACH, SEPA, wire), debit card, Paypal

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Security
Rating:
Search icon Security features:
2-factor-authentication, email verification, address book and whitelisting, Coinbase Vault, Hardware MFA Key (FIDO U2F Standard) Support
Search icon Insurance:
According to Coinbase, "all digital currency that Coinbase holds in its online hot storage is insured. If Coinbase were to suffer a breach of its online hot storage, the insurance policy would pay out to cover any customer funds lost as a result." USD deposits are FDIC insured, according to Coinbase
Search icon Crypto Storage:
According to Coinbase, Coinbase stores 98% of their users' cryptocurrencies offline in cold-storage
Search icon Company Headquarter:
Coinbase, Inc.,is headquartered in San Francisco, USA
Search icon Security Hacks:
No officially confirmed hacks, but there are insider reports of a phishing attack in 2013 where BTC worth $250,000 were lost

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User Experience
Rating:
Search icon User interface:
Coinbase is an easy-to-use broker without advanced order types or charting mechanisms that is well-suited for beginners. Coinbase Pro is offering advanced trading features and order types and an interface that mainly caters to advanced traders
Search icon Onboarding:
Straightforward onboarding via the website or app. ID and photo verification are needed
Search icon Mobile/Desktop App:
Standalone mobile app & desktop app are available
Search icon Language options:
13 language options including English (Coinbase Pro is only available in English)
Search icon Availability:
100 countries, China is not supported
Search icon Customer service:
Email, phone only to immediately disable your account, FAQ & support center, automated chatbot on the website, social media, the ticketing system on the website has only limited choice of pre-selected questions, Twitter support often non-responsive
Search icon Investor Education:
Investor education through articles and videos at Coinbase Learn, which explains how the exchange works and provides information on cryptocurrency investing in general

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Coinbase

Coinbase for beginners, Coinbase Pro for experts

Coinbase caters specifically to beginners. The user interface is designed for simplicity but offers almost no advanced trading features like complex order masks or analytics tools. Coinbase Pro offers tools for professional traders, but unlike other professional exchanges, it does not offer any margin trading. Beginners can learn about cryptocurrency investing at Coinbase Learn and there is an emergency hotline to suspend user accounts if needed. With the two platforms Coinbase and Coinbase Pro, the exchange has something to offer for beginners and professionals.

Coinbase Homepage

Coinbase Homepage

Coinbase Sign Up

Coinbase Sign Up

Coinbase Log In

Coinbase Log In

Coinbase Dashboard

Coinbase Dashboard

Coinbase Portfolio View

Coinbase Portfolio View

Coinbase Market Overview

Coinbase Market Overview

Coinbase Listings

Coinbase Listings

Coinbase Security Settings

Coinbase Security Settings

Coinbase DCA Plans

Coinbase DCA Plans

Coinbase Pro Homepage

Coinbase Pro Homepage

Coinbase Pro Homepage Page 2

Coinbase Pro Homepage Page 2

Coinbase Pro Markets

Coinbase Pro Markets

Coinbase Pro Trading Interface

Coinbase Pro Trading Interface

Coinbase Pro Fees [May 2021]

Coinbase Pro Fees [May 2021]

All information is unofficial and subject to change. Links marked with an asterisk (*) may be affiliate links

Alternatives to Coinbase

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