The Coinbase exchange overview

Coinbase is the largest US-based cryptocurrency exchange. Founded in 2012 with the sole goal of exchanging Bitcoin, the platform grew into a vast and stable crypto trading ecosystem spanning 100 countries. 

You can trade ~100 cryptocurrencies after verifying your Coinbase account.

Among some of the more attractive features of Coinbase is its security. The platform offers advanced encryption for safe cryptocurrency storage, and all Coinbase employees pass a criminal background check.

You can access Coinbase via your browser and the Coinbase app on Android and iOS.

The Coinbase sign-up routine is very simple:

  1. To sign up on Coinbase, click “Start” in the top-right corner. In the next window, enter your First Name, Last Name, and Email, then create a password.
  2. You will receive an email with a link. Follow it to link your phone number to your Coinbase account. Enter your number, wait for a code, and enter the code on the website or in the Coinbase app.

After completing the Coinbase login procedure, you need to verify your identity. 

For residents of the US, EU, and other states that are on the Coinbase list of supported countries, verification is universal:

  1. Upload a photo of your ID or passport.
  2. Enable 2FA (two-factor verification) using your phone number, the Authenticator application, or a secret key.

When it comes to fees, for some people Coinbase may fall short. The fees are flexible and can get higher than those of the main competitors. For many users, it’s still a worthy trade-off seeing the overall ease and stability Coinbase can offer. 

The fees are calculated at the moment of the transaction. The exact figure shows up only before the final confirmation of the transfer, but you can expect it to be around 1.49% or more. If you’d like to save on fees, consider the PRO subscription. However, the size of the ‘pro’ fees will also vary depending on the number of funds you’re trading.

Coinbase fees are constantly fluctuating. The exact numbers are shown at the last step before confirming a transaction, but you can expect them to be 1.49% or higher. If that’s too much for you, you might want to consider Coinbase Pro, a more advanced version of Coinbase for more experienced users. Among its many benefits, it offers lower fees. However, their exact size will also vary depending on the number of funds you’re trading.

The interface of the Coinbase exchange is simple and intuitive. Among other things, there is a “Learn” section on the main page. In it, you can learn the ropes of using the platform itself, as well as of cryptocurrencies, stock trading, and even taxes.

Coinbase is very beginner-friendly. However, for some countries (for instance, the CIS region), the platform can only act as a cryptocurrency wallet and doesn’t allow withdrawing fiat currencies. Residents of said states can still send crypto from their Coinbase wallet to another crypto wallet and then convert it into fiat outside the Coinbase exchange. 

If you’re looking to trade crypto and are within the EU or the US, Coinbase is definitely a good place to start. 

Name: Coinbase
Verification: The passport International passport
Replenishment commission, from: 1.49%
Trading with leverage: yes
Futures: yes
Staking: yes
Support: yes
Trading commissions, from: 1.49%
Marketplace NFT: yes
Withdrawal and deposit limit: yes
Mobile app: yes
Bonus for signing up: no
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