About Coinbase Exchange
Coinbase is one of the world’s leading and most successful exchanges available on the crypto market. Having served over 30+ million customers since 2012, they have and continuously prove themselves of being a reliable cryptocurrency company.
For inexperienced crypto users, Coinbase offers an extremely beginner-friendly trading platform for buying and selling Bitcoin in addition to 16+ other cryptocurrencies. With more than 100+ supported countries and everyday payment methods such as bank transfer, debit/credit card and PayPal, Coinbase makes it very simple for even first time customers to make their first purchase.
Coinbase Native Mobile App
Along with their beautifully designed website, Coinbase also offers their users a native mobile app that’s available for both Android and iOS. Coinbase App gives you a great overview of crypto price charts, your portfolio and most importantly instant crypto purchases using your linked credit or debit card, right at your fingertips.
Payment Methods & Trading Fees
Depending on which country you reside in, most of the traditional ‘everyday payment methods’ are available for fiat deposits with currencies such as EUR or USD:
- Wire transfer (ACH in the US and SEPA in the EU)
- Credit & Credit card (Most VISA and MasterCard)
- PayPal (Withdrawals only)
When making a deposit to Coinbase using any of the payment methods mentioned above, a trading fee is applied and ranges in between 1.49% (Wire transfer) to 3.99% (Debit / Credit card) depending on method. While Coinbase is certainly not the best exchange in terms of trading fees, if you are a longtime investor or you cost dollar average by making fewer and larger deposits, then paying a fee of 3.99% to Coinbase is most definitely worth it.
Coinbase Customer Support
Being a company whose core value is to make the process of purchasing crypto as simple as possible, Coinbase offers a complete Knowledge Base that answers the most frequent questions. In addition to their detailed FAQ Coinbase also has a great 24/7 available Customer Support that is responsive and easy to communicate with both over email and phone.
Learn About Crypto With Coinbase Earn
If you want to learn more about some cryptocurrency projects, we recommend checking out Coinbase newly launched a program called ‘Coinbase Earn’. Here users can watch short educational videos about some of the cryptocurrencies currently listed on Coinbase. While at the same time being rewarded in respective crypto by answering a short quiz after every video.
Conclusion – Is Coinbase Safe?
With all the bells and whistles aside, if you are completely new or a moderate Bitcoin or cryptocurrency trader, Coinbase got all your basic needs covered and is our number 1 recommended crypto exchange.
In terms of how safe it is, Coinbase is arguably the most secure cryptocurrency exchange available in the industry and has an excellent track record to prove it. However, it’s worth mentioning that Coinbase will track all crypto transactions made on your account for legal and anti-money laundry reasons.
All in all, we recommend both crypto newcomers and moderate investors to use Coinbase as a starting point or instant Bitcoin and other top market cap cryptocurrency purchases. We at ScandiCrypto personally use Coinbase for the reason previously mentioned but if you are looking to do more frequent or advanced trading, then you might want to look elsewhere.
For more frequently forms of trading such as day trading or swing trading, Binance and Kraken are two great cryptocurrency exchanges that offer low trading fees and advanced trading tools