Coinbase

Coinbase

  • United Kingdom of Great Britain and Northern Ireland

  • Buy/Sell from the platform

  • Coinbase.com

  • Since 2018

Coinbase
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

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.

Traditional Currency Support

  • Canadian Dollar (CAD)
  • Euros (EUR)
  • US Dollar (USD)

Language Support

  • Dutch
  • English
  • French
  • German
  • Indonesian
  • Italian
  • Spanish

Country Support

  • Australia
  • Canada
  • European Union
  • Jersey
  • Liechtenstein
  • Most of Eastern European Union
  • Norway
  • Singapore
  • Switzerland
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface
  • Mobile App
  • API

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.

Summary:

2 Factor Authentication
Yes
Funds Insured
FDIC insurance up to $250 000 (Apply's to Fiat currencies only), Atleast 80% of funds are kept with a registered"Custodian
Private Keys Stored On
Exchange platform
Storage Type
User funds (80%+) are held in cold storage with a registered"Custodian".

Advanced Security Features:

  • Email reports of logins
  • Ability to limit access to account based on IP address

Security Features:

  • SSL
  • 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.

Summary:

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.

Ease of use
Intuitive
Transaction Fees
It's free (fees may be hidden)
Deposit/Withdrawal Fee
It's free (fees may be hidden)
Deposit/Withdrawal Fee c For Bank Transfer
1.1+
Deposit/Withdrawal Fee For Credit Card
1.1+
Deposit/Withdrawal Fee Charged For 3rd party Payments
3,99%
Anonymous Trading
Yes

Deposit/Withdrawal Options:

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

Functionality:

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.

Most common
customer complaint:

Forcible account closures, GDAX bugs and outages, poor customer support