If you want to buy specific cryptocurrencies or coins with your fiat money, Coinbase may be the exchange for you. In this Coinbase review, weโll cover the basics of Coinbase in depth including itโs pros and cons, fee schedule, services and more. Letโs get started!
Coinbase At a Glance
| Minimum Trade | $2 |
| Number of Cryptocurrencies | More than 250 |
| Account fees | No deposit and withdrawal fees |
| Mobile App | Mobile app is available |
| Customer Service | Phone, email and chat |
| Location | United States |
Coinbase helps you buy, sell or trade different currencies such as Bitcoin, Ethereum, Solana and Tether. It offers everything a cryptocurrency investor needs in one platform.
Coinbase: Pros and Cons
| Pros | Cons |
| User-friendly interface | Complicated fee structure |
| Beginners-friendly | Poor customer Support |
| No fees, no domestic bank transfers | The user does not control wallet keys |
| Large num of cryptocurrencies and trading pair available | Coinbase is available in few countries |
| Advance charts and trading tools | |
| Features a native NFT marketplace | |
| Very high liquidity |
Coinbase Features
Coinbase is an easy-to-use platform that offer different services to trade easily without any problem. Here are the services offered by the Coinbase:
Simple and Advance Trading
There are two types of trading options that you can access from your Coinbase account, simple and advanced. The simple trade option is user-friendly but has higher fees. Alternatively, the advanced trade option offers lower fees and more features including charts, a live order book. So, itโs better to use the advanced option to minimize fees when investing in cryptocurrencies.
Educational Content
Coinbase has an impressive educational content including crypto basics, tips, and tutorials. This indepth knowledge keeps you updated about the market trends. These educational resources are really helpful for learning different cryptocurrencies and the taxes when investing in cryptocurrencies.
Crypto Rewards
If you have a Coinbase account, you can earn extra money on some digital currencies. Coinbase automatically gives you interest on certain stablecoins like USD Coin (USDC). You can also earn rewards by staking certain cryptocurrencies like Ethereum (ETH) and Solana (SOL). Keep in mind that not everyone is eligible, and it depends on where you live and the specific cryptocurrency you have.
Coinbase Debit Card
If you have a Coinbase account, you can get a special card called Coinbase card. Itโs like a Visa card that uses your Coinbase money and lets you spend cryptocurrencies. You can even earn extra crypto rewards, up to 4% back, while using the card.
Crypto Wallets
Crypto wallets come in many shapes and varieties. For that reason, Coinbase offers three different types of online wallets:
Coinbase Wallet
This wallet supports hundreds of thousands of crypto assets. For this, itโs not necessary to open an account on Coinbase.
Coinbase Exchange
This is a default wallet option that helps you to trade on Coinbase.
Coinbase dApp Wallet
This wallet stores all ERC-20 tokens that run on the Ethereum network.
Mobile App
Coinbase mobile app is a user-friendly tool on your phone that helps you buy, sell, and manage cryptocurrencies. It has high ratings on both App Store and Google Play Store. If you want to start trading on your phone, itโs a great option to consider.
Cryptocurrencies Available on Coinbase
Some of the popular cryptos on Coinbase are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether USD (USDT)
- Cardano (ADA)
- Solana (SOL)
- Polkadot (DOT)
- USD Coin (USDC)
- Dogecoin (DOGE)
- Uniswap (UNI)
- Litecoin (LTC)
- Shiba Inu (SHIB)
- Stellar Lumens (XLM)
- Polygon (MATIC)
Coinbase Trading Fees
Hereโs the Coinbase fee schedule for advanced traders:
| Pricing Tier | Taker Fee | Maker Fee |
| Up to $10,000 | 0.60% | 0.40% |
| $10,000 to $50,000 | 0.40% | 0.25% |
| $50,000 to $100,000 | 0.25% | 0.15% |
| $100,000 to $1,000,000 | 0.20% | 0.10% |
| $1,000,000 to $20,000,000 | 0.18% | 0.08% |
| $20,000,000 to $100,000,000 | 0.15% | 0.05% |
| $100,000,000 to $300,000,000 | 0.10% | 0.02% |
| $300,000,000 to $500,000,000 | 0.08% | 0.00% |
| Over $500,000,000 | 0.05% | 0.00% |
For transactions of $205 or more, Coinbase applies a flexible percentage fee of slightly less than 1.5%. However, it charges a flat fee on smaller trades. Here are the flat fees Coinbase charges depending on the transaction amount.
| Transaction Amount | Fee |
| $10 or less | $0.99 |
| $10-$25 | $1.49 |
| $25-$50 | $1.99 |
| Over $50 | $2.99 |
Payment Methods for US Customers
| Methods | Buy | Sell | Add Cash | Cash Out | Speed |
| Bank Account (ACH) | โ | โ | โ | โ | 3-5 business days |
| Instant Cash outs to Bank Accounts | โ | โ | โ | โ | Instant |
| Debit Card | โ | โ | โ | โ | Instant |
| Wire Transfer | โ | โ | โ | โ | 1-3 business days |
| PayPal | โ | โ | โ | โ | Instant |
| Apple Pay | โ | โ | โ | โ | Instant |
| Google Pay | โ | โ | โ | โ | Instant |
Reviews Highlights
