Coinbase Review 2023
Coinbase is a leading cryptocurrency exchange and trading platform. They support 243 coins across 605 markets.
In this review, we'll cover everything you need to know before signing up. All the main features, pros and cons, included.
Coinbase was built by Brian Armstrong in 2012, and has been in operation since.
The exchange is based in USA, and serves many customers all over the world. Provided you're in one of the supported countries, you're free to trade.
- Spot Trading. Coinbase allows you to trade, buy, and sell, crypto on spot markets. Meaning you're trading the real thing. You can deposit and withdraw this crypto.
- NFT Marketplace. Coinbase has an NFT marketplace, where you can buy/sell NFTs and collectibles.
- Staking. Coinbase allows you to stake your crypto and earn passive income.
- Debit Card. Coinbase offers users access to a crypto-backed debit card.
Coinbase Payment Methods
Coinbase supports 6 payment method(s). You can use the following the deposit/withdraw to/from the exchange.
- Credit/Debit Card
- Apple Pay
- Bank Transfer
- Google Pay
Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.
Coinbase supports over 3 fiat currencies: EUR, GBP, USD.
Coinbase offers 2 layer(s) of security. Aside from the obvious, email and password.
Coinbase requires KYC to use their services. KYC usually involves sharing your full details, some form of ID, and a mobile phone number.
Like other centralized exchanges, Coinbase charges fees. This is how they generate revenue, and keep their operation running.
- Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
- Withdrawal fees. Coinbase charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by Coinbase.
- Kraken's maker fees: 1%*
- Kraken's Taker fees: 1%*
Maker/taker fees are tiered. As you trade more and generate volume, they often fall.