United Kingdom of Great Britain and Northern Ireland
Buy/Sell from the platform
Coinbase is among the best-known exchanges for buying, selling, transferring, and storing cryptocurrency. It is live in 32 countries, offers access to all the top digital coins, and high liquidity. Aside from the exchange, Coinbase offers other products like GDAX for traders and services for merchants and developers. Along with the web app, there is a mobile app for iOS and Android.
Coinbase has a simple interface, user experience is smooth, and the design is modern. As a US-based firm, it must comply with stringent KYC/AML laws. Coinbase is a great beginner option for buying cryptocurrency. The exchange does not currently offer selling of digital coins in Canada and Australia. Even though there is an active support team, many users are dissatisfied with the service.
Crypto Currencies Support
Traditional Currency Support
- Canadian Dollar (CAD)
- Euros (EUR)
- US Dollar (USD)
- European Union
- Most of Eastern European Union
- United Kingdom of Great Britain and Northern Ireland
- United States of America
- Web Interface
- Mobile App
Coinbase security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.
Advanced Security Features:
- Email reports of logins
- Ability to limit access to account based on IP address
- Regular data replication and backup
Legal Registration or Compliance:
- FinCen registration (US)
- KYC/AML Compliant
The Coinbase exchange is a project of Coinbase UK, Ltd, a company incorporated in the UK. The firm is a mid-size crypto startup currently based in San Francisco, USA and known as the first"unicorn" in the digital currency market. It was created in 2012 by Brian Armstrong (acting CEO) and Fred Ehrsam. The founders have managed to raise over $177 million in funding from world leading investors.
Coinbase offers a wallet, an exchange, and merchant services within one easy-to-use interface. Many applications are also being built using their API. The exchange allows users from 32 countries to buy and sell some of the most popular cryptocurrencies and has many sought-after features. Their security is good and the UI is great for beginners, but it monitors accounts and support is not great.
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party
Coinbase provides users with many interesting features like weekly buy and sell limits on all accounts, different payment methods (bank transfer, credit/debit card, wire transfer), and an instant buy/sell option using your credit card as backup. Fees and availability for buying, selling, depositing, and withdrawing supported digital coins depends on the cryptocurrency, country, and payment method.
Forcible account closures, GDAX bugs and outages, poor customer support