Coinbase Crypto Exchange Review 2020
If you have been looking for a top notch crypto exchange, look no further than the trusted, low cost, and user friendly Coinbase exchange. This is our Coinbase crypto exchange review for 2020, and we are here to find out what this particular company has to offer you.
Coinbase Security & Safety
One of the most important things we feel that needs to be talked about here is how safe and secure Coinbase is as a crypto exchange. The fact of the matter is that this exchange is one of the most reputable and trusted in the world.
Over 30 million users trust this exchange with their money, and literally billions of dollars worth of Bitcoin and other crypto coins have been traded with it since its founding. Something which the Coinbase exchange prides itself on is its ability to keep customer information safe and secure.
With multiple levels of high class security and encryption, both your personal and financial information is very safe with Coinbase. This is not some kind of scam and this is a world renowned exchange for its high class security measures to keep all users safe from fraud and theft.
What is really nice about the Coinbase exchange is that it offers services for everybody. There are simple exchange services offered for newbies and traders of all types. There is a secure mobile wallet offered. This exchange also has its own dedicated cryptocurrency trading platform and more. Let’s take a closer look at the most popular services offered here.
The Crypto Brokerage
The main service offered by Coinbase is a cryptocurrency brokerage. This is a service which allows all users to buy and sell a wide variety of crypto coins. With a really user friendly and intuitive interface, low fees, and a wide selection of assets, it’s one of the best brokerage services hands down.
The Coinbase Pro Trading Platform
Another service or trading tool offered here is the Coinbase Pro trading platform. Now, what needs to be said here is that the fees can be a bit higher for the pro platform, but on the other hand, there are way more features present than with the basic brokerage. If you are looking for a high quality trading platform, one designed for trading pros, this is a good way to go.
Yes, the Coinbase exchange does also have a mobile crypto wallet. This wallet is very secure, easy to use, barely costs anything, and is available for iOS and Android.
Coinbase also offers merchant solutions, which means that online companies and retailers can no set up payment gateways which accept Bitcoin and other crypto coins as forms of payment.
Coinbase Trading Fees
Now, something which people do seem to like about this Coinbase crypto exchange is that the fees are quite moderate. How much trading will cost you is going to depend on a variety of factors, so it is a bit hard to nail down a specific fee set.
However, that said, generally speaking, people seem to love Coinbase due to its relatively simple breakdown of fees for users, as well as due to the fact that fees aren’t too high. Now, the fees are not the lowest of all crypto exchanges out there, but we would definitely consider them to be acceptable. Below is a list of Coinbase fees you may have to pay.
- There is a flat transaction fee on transactions under $200. This is usually 1.49%, but for credit card buys may be as high as 3.99%.
- The Pro Trading Platform has a market price of +0.5%.
- ACH transfer does not cost money when depositing, but all other deposits cost $10.
Coinbase Accepted Payment Methods
Seeing as cryptocurrencies are not free to purchase, you will have to use one of Coinbase’s accepted payment methods to make any purchases. Below is a list of payment methods which this particular crypto exchange accepts.
- Credit Card
- Debit Card
- Wire Transfer
- PayPal (Withdrawal Only)
Coinbase Currencies to Trade
Yes, there are literally hundreds of different cryptocurrencies out there. With that being said, this online exchange offers a wide selection of crypto coins which you can trade with. The selection here is generally much larger than with any other cryptocurrency exchange out there. Below is a list of the most popular crypto coins which can be traded on this particular exchange. As you can see from below, the selection is quite vast, and that’s a bonus for anybody looking for lots of versatility.
- Bitcoin Cash
- Stellar Lumens
- Ethereum Classic
- USD Coin
- Basic Attention Token
Coinbase List of Accepted Countries
What is also important to know about this crypto exchange is that it does accept a vast array of countries from around the world. The fact of the matter is that most crypto exchanges don’t cater to the majority of countries around the world, which is a real shame. However, when it comes to this particular one, there are way more countries accepted than not. Chances are that you do live in an accepted country. Below is a list of all countries which Coinbase accepts users from.
- South Africa
- Hong Kong
- South Korea
- New Zealand
- Czech Republic
- Isle of Man
- San Marino
- United Kingdom
- Cayman Islands
- Costa Rica
- Dominican Republic
- El Salvador
- Trinidad and Tobago
- United States
- British Virgin Islands
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Coinbase Exchange Review- Final Thoughts
The bottom line is that Coinbase is currently the most reputable and trusted crypto exchange out there. When it comes to buying, selling, trading, and safely storing your crypto coins, we would absolutely recommend checking out this particular service.