|Company headquarter||San Francisco, CA, USA|
|Supported coins||BTC, ETH, LTC|
|Deposit fee||Free for all coins, 0.1% bankwire|
|Withdrawal fee||Yes, depending on coin/bank|
|Taker fee||0.10% - 0.30%|
|Has been hacked?||No|
|Supportfirstname.lastname@example.org, Facebook, Twitter, Reddit|
|Very high liquidity||Limited payout methods|
|Very high security level of funds||Monitors how you spend your coins|
|Beginner friendly||Slightly higher taker fees than most exchanges|
|Buy with credit & debit cards, bank wire|
|No maker fee|
|Eligible countries||Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Italy, Jersey, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, San Marino, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States|
Coinbase has been founded in 2012. It is based in San Francisco, California and one of the biggest and safest cryptocurrency exchanges in the space. More than 13,000,000 users with more than 43,000,000 wallets use Coinbase. It is the biggest exchange serving the USA and backed with over $100m raised from world’s leading investors such as Andreessen Horowitz, Adam Draper, BBV or the NSYE.
Coinbase is fully regulated by U.S. laws and regulations and it currently serves 32 countries worldwide with a focus in the western hemisphere.
In order to buy and sell cryptocurrencies Coinbase cooperates with the trading platform GDAX. GDAX offers no fees on maker trades, only on taker trades. Buying and selling digital currencies with Coinbase is super easy.
|Payment Method||Countries||Funds available||Currency||Fees|
|Bank Transfer||USA||5-7 days||USD||1.49%|
|SEPA Transfer||Europe||1-3 days||EUR||1.49%|
Your limit will depend on your country of residence, your payment methods used and your verification status of course. Once you are a verified Coinbase customer you can expect on average a weekly limit of:
• $50,000 sell
• $5,000 buy via bank account
• $50 buy via credit & debit card
You can apply for higher limits in case your current status does not fit your needs.
The fees on Coinbase/GDAX depend on the overall 30-day Bitcoin volume of the exchange itself.
|User 30-Day Volume||Taker Fee||Maker Fee|
The taker fee for Ethereum and Litecoin starts at 0.30% and gets reduced with each volume milestone.
Maker fees are paid when you add liquidity to the Coinbase order book by placing a limit order under the ticker price for buy and above the ticker price for sell.
Taker fees are paid when you remove liquidity from the Coinbase order book by placing any order that is executed against an order of the order book.
Coinbase is one of the biggest exchanges trading BTC/USD in terms of daily volume.
This matters as it implies the tightest spreads (difference between buying and selling price is low). It also implies a great liquidity, thus large amounts of e.g. Bitcoins can be bought and sold easily without pushing the price away from you.
Have a look at the following screenshot from CoinMarketCap for their trading pairs and volume.
Coinbase complies with U.S. laws and regulations as their are operating from the United States. Thus, Coinbase is registered as a Money Service Business with the FinCEN, they comply with the Patriot Act and the Bank Secrecy Act as well as with state money transmission laws and regulations. Compared to other offshore competitors Coinbase is forced to fulfill several regulations which highly increases the overall security of the company and your funds. Additionally, Coinbase is backed by several reputable investors and companies.
The customer funds are separated from the operational funds. Customer funds are held in the custodial bank accounts of Coinbase. Even if the company goes for bankruptcy and becomes insolvent, the funds held in the custodial bank cannot be claimed by creditors of Coinbase.
About 98% of the funds are stored in offline cold storages. Coinbase claims that they are either stored in different hardware wallets or on traditional paper wallets. Those physical wallets are then stored in vaults at different places around the world. Withdrawals from those vaults will take 48 hours to process. This delay provides additional safety.
US-Dollar balances are covered by the FDIC insurance, up to a max. of $250,000 / customer.
For logging in and for withdrawals Coinbase offers two-factor authentication (2FA). You can also take advantage of the SMS text verification feature.
You will trade your cryptocurrencies through a trading platform named GDAX. It is an intuitive interface with real time orderbooks, charting tools, trade history, and a simple order process. GDAX is regulated by U.S. laws and regulations. It is integrated into the Coinbase design and it offers you several themes and features.
The Coinbase email support can be reached through email@example.com. Do not expect instant responses as their customer base is growing rapidly.
Don’t forget to check up the Coinbase FAQ on their website.
In Q3 of 2017 Coinbase started their phone support from Monday through Friday, 8 A.M. to 5 P.M. Pacific Time: +1 (888) 908–7930
Signing up with our referral link (red button) will ensure you a $10 (€8) bonus directly credited to your Coinbase account once you buy or sell $100 (€84) or more of any digital currency.
We wish you best of success while trading with our Coinbase bonus.Get Your $10 Bonus Now
Coinbase is one of the most reputable and most liquid cryptocurrency exchanges in the coin space.
It is the biggest crypto exchange serving U.S. customers and it is regulated by U.S. laws and regulations.
They offer a very user friendly platform which makes buying and selling Bitcoin, Ethereum and Litecoin very easy. Their cooperation with GDAX enables advanced traders several opportunities in terms of extra functionalities.
Coinbase has no maker fees which means that you do not pay any fee when making a sell/buy order above/below the current market price. The taker fees are at a normal level.
The great user experience, the liquidity and the very high level of security of Coinbase in combination with the $10 (€8) bonus of BitcoinCashback make Coinbase a very reasonable choice for beginners to trade their first cryptos. We can recommend using Coinbase without any major strings attached.