Coinbase

Coinbase
Add to compare
Operating since

2012

Website

coinbase.com

# Coins

239

Fiat supported

USD, EUR, GBP

Fees

maker 0.4% / taker 0.6%

Headquarters

Global (USA)

Services

Exchange (Spot, OTC), Trading (Derivatives/Futures), Farming, Staking, DeFi, Crypto Loans, NFT and others

Average Score 9.1
Offer range
9
Credibility/Security
9.8
Platform
8.6
Customer service
9.1
PROS:
  • Easy-to-use platform for buying and selling cryptocurrencies.
  • High level of security with insurance coverage and strong compliance.
  • Wide range of supported cryptocurrencies.
  • Accessible through both desktop and mobile devices.
  • Offers staking and earning rewards for select cryptocurrencies.
  • User-friendly interface with helpful educational resources.
CONS:
  • Higher fees compared to some other exchanges.
  • Limited customer support options.
  • Reports of occasional system outages during times of high traffic.
  • Limited availability of certain cryptocurrencies in certain regions.
  • Requires extensive personal information to comply with regulations.
  • Lack of anonymity as transactions are recorded on a public ledger.
TOP 3 in Cryptocurrencies
TOP 3 in Forex / CFD
Latest News
Latest Articles
Category:

Coinbase is a leading cryptocurrency exchange that offers a variety of services to users worldwide. Based in San Francisco, Coinbase allows users to buy, sell, and store a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The platform provides a user-friendly interface, strong security measures, and 24/7 customer support. In addition to its core exchange platform, Coinbase offers a variety of other products and services, such as the Coinbase Wallet, Coinbase Card, and Coinbase Earn. With its robust features and extensive cryptocurrency offerings, Coinbase is a popular choice for both new and experienced cryptocurrency traders.

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Introduction to Coinbase Crypto Exchange

What is Coinbase?

Coinbase is a leading cryptocurrency exchange that allows users to buy, sell, and store digital currencies such as Bitcoin, Ethereum, and more. It was founded in 2012 with the goal of making it easier for people to access the world of cryptocurrencies. The company is headquartered in San Francisco, California, and has since grown to become one of the largest and most trusted cryptocurrency exchanges in the world.

Overview of Coinbase as a Crypto Trading Platform

Coinbase offers a variety of products and services for individuals and institutions, making it a one-stop-shop for all your cryptocurrency needs. The exchange provides a user-friendly platform for buying and selling cryptocurrencies, as well as a secure wallet to store your digital assets. In addition to these core services, Coinbase also offers a range of educational resources, such as articles, videos, and webinars, to help users learn more about cryptocurrencies and how to trade them.

Coinbase is committed to providing its users with a safe and secure platform to trade cryptocurrencies. The exchange uses cutting-edge security measures, such as two-factor authentication and secure storage, to protect its users’ assets. It is also fully compliant with all relevant regulations and has received several licenses and certifications, including a license from the New York State Department of Financial Services.

In conclusion, Coinbase is a trusted and reliable platform that offers a range of services and features to help individuals and institutions access the world of cryptocurrencies. Whether you are a seasoned trader or just starting out, Coinbase is a great choice for anyone looking to buy, sell, or store digital currencies.

coinbase offer

Coinbase offer for individuals (Source: coinbase.com)

Setting up a Coinbase Account

Coinbase is a user-friendly platform that makes it easy to get started with buying, selling and trading cryptocurrencies. In this chapter, we will cover the steps you need to follow to set up a Coinbase account and start trading.

Steps to Sign Up for Coinbase:

  1. Go to the Coinbase website (www.coinbase.com) and click on the “Sign Up” button.
  2. Fill in the required information such as your name, email, and password.
  3. Verify your email address by clicking on the link sent to your email.
  4. Complete the rest of the registration process by providing additional personal information and identification, if required.

Verifying Your Account

Verification is a crucial step in setting up a Coinbase account as it helps to ensure the security of the platform and the integrity of transactions. To verify your account, you may be required to provide proof of identity and address. This could be done by uploading a government-issued ID and a utility bill or bank statement.

Secure Your Account

Once you have set up and verified your Coinbase account, it is important to take steps to secure it. This includes enabling two-factor authentication (2FA), creating a strong password and keeping your personal information private.

By following these simple steps, you will have set up a Coinbase account and be on your way to trading cryptocurrencies on the platform.

Depositing Funds on Coinbase

Coinbase provides its users with a variety of funding methods to add money to their Coinbase account. These methods include bank transfer, credit/debit card, PayPal, and more. In this chapter, we’ll go through the available funding methods for Coinbase and how to deposit funds on the platform.

Available Funding Methods

Coinbase offers several convenient funding methods for users to deposit money into their Coinbase account. Some of the most popular methods include:

  • Bank Transfer: Users can link their bank account to Coinbase and transfer funds directly from their bank account to their Coinbase account. This method is free of charge and takes 2-3 business days to complete.
  • Credit/Debit Card: Coinbase accepts Visa and Mastercard credit/debit cards. This method is quick and easy, but it carries a 3.99% fee for credit card deposits.
  • PayPal: Users can link their PayPal account to Coinbase and transfer funds directly from their PayPal account to their Coinbase account. This method is free of charge and takes 2-3 business days to complete.
  • Other methods: Coinbase also accepts SEPA transfers and SWIFT transfers, although these methods can take several business days to complete and carry additional fees.

How to Deposit on Coinbase

Depositing funds on Coinbase is a simple process. Follow these steps to add money to your Coinbase account:

  1. Log in to your Coinbase account.
  2. Click on the “Deposit” button in the upper right-hand corner of the screen.
  3. Choose your preferred funding method from the list of available options.
  4. Follow the instructions provided by Coinbase to complete the deposit.

Fees for Deposits

Coinbase charges fees for certain deposit methods, including credit/debit card deposits. The fees for each deposit method can be found on the Coinbase website under the “Pricing & Fees” section. It’s important to note that fees can vary based on the country you’re in and the type of funding method you choose.

Trading Cryptocurrencies on Coinbase

The Coinbase trading platform is a feature-rich platform that enables users to buy, sell, and trade cryptocurrencies with ease. As a South African user, you have access to a variety of cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and more.

How to Buy and Sell Cryptocurrencies

The buying and selling of cryptocurrencies on Coinbase is a straightforward process. To start trading, you will first need to deposit funds into your Coinbase account. From there, you can use the trading platform to select the cryptocurrency you want to buy or sell and place an order. The process is simple and straightforward, making it easy for new users to get started with cryptocurrency trading.

The Coinbase Trading Platform

The Coinbase trading platform is designed to be user-friendly and intuitive. The platform features a clean and organized interface, with all the information and tools you need to trade cryptocurrencies. The platform also features real-time market data, so you always have the latest information at your fingertips.

Coinbase Exchange Fees

As with any exchange, Coinbase charges fees for its services. Here are the fees you can expect to pay when using Coinbase.

Coinbase charges trading fees based on a maker-taker model, which applies different fees depending on whether you add or remove liquidity from the order book.

Pricing Tier Taker Fee Maker Fee
$0 – $10K 0.60% 0.40%
$10K – $50K 0.40% 0.25%
$50K – $100K 0.25% 0.15%
$100K – $1M 0.20% 0.10%
$1M – $15M 0.18% 0.08%
$15M – $75M 0.16% 0.06%
$75M – $250M 0.12% 0.03%
$250M – $400M 0.08% 0.00%
$400M+ 0.05% 0.00%

 

The maker fee is applied when you place an order that goes unfilled, i.e., adding liquidity to the order book. The taker fee is applied when you place an order that is immediately matched with an existing order, i.e., removing liquidity from the order book.

Coinbase also charges additional fees for its margin trading service, which allows users to borrow funds to trade cryptocurrencies. These fees include an annualized interest rate, a margin call fee, and a liquidation fee, which can vary depending on the amount borrowed and the trading pair used.

These fees can vary by region and may be subject to change. It’s always a good idea to check Coinbase’s website for the latest information on fees and pricing.

Features of Trading for South African Users

Coinbase provides a number of features that are especially useful for South African users. For example, the platform allows you to easily convert your cryptocurrencies into South African Rands, so you can manage your investments with ease. Additionally, the platform features a number of security features, including two-factor authentication, to help protect your funds.

Furthermore, Coinbase offers a mobile app for iOS and Android, making it easy for you to manage your investments and trade cryptocurrencies on-the-go. The app is user-friendly and features a clean and organized interface, so you can manage your investments with ease.

Withdrawing Funds from Coinbase

Withdrawing funds from Coinbase is a simple and straightforward process. The platform offers a variety of withdrawal methods to accommodate users from all over the world, including South Africa. In this chapter, we will discuss the steps to withdraw funds from Coinbase, the available withdrawal methods, and the fees associated with each method.

How to Withdraw Funds from Coinbase

Withdrawing funds from Coinbase is simple and can be done through the following steps:

  1. Log in to your Coinbase account
  2. Navigate to the “Withdraw” page
  3. Select the desired withdrawal method
  4. Enter the amount you wish to withdraw
  5. Confirm the withdrawal by entering your password or 2FA code

Available Withdrawal Methods for South Africans

Coinbase offers a variety of withdrawal methods to accommodate users from all over the world, including South Africa. The available withdrawal methods for South Africans include bank transfer and PayPal.

Fees for Withdrawing on Coinbase

Coinbase charges a fee for withdrawals, which vary based on the withdrawal method.

Deposit Fees

  • Bank Transfer (ACH): Free
  • Wire (USD): $10 USD
  • SEPA (EUR): €0.15 EUR
  • Swift (GBP): Free

Withdrawal Fees

  • Bank Transfer (ACH): Free
  • Wire (USD): $25 USD
  • SEPA (EUR): €0.15 EUR
  • Swift (GBP): £1 GBP

It’s important to note that the fees listed above are subject to change, and may be different for users in different regions. Be sure to check the Coinbase website for the most up-to-date information on deposit and withdrawal fees.

The Coinbase Wallet App

Coinbase has a mobile wallet app that allows users to store, buy, and sell cryptocurrencies. The Coinbase Wallet is a free app that can be easily downloaded from the App Store or Google Play Store. This wallet app is designed to provide users with a convenient and secure way to manage their cryptocurrencies on the go. In this chapter, we will discuss how to download and use the Coinbase Wallet, as well as the features available to South African users.

coinbase wallet

Coinbase Wallet (Source: coinbase.com)

Downloading the Coinbase Wallet App

The Coinbase Wallet is a free app that can be downloaded from the App Store or Google Play Store. To download the app, simply search for “Coinbase Wallet” on either platform and click “Download.” Once the app has finished downloading, open it and sign in to your Coinbase account. If you do not have a Coinbase account, you can create one from within the app.

How to Use the Coinbase Wallet

Using the Coinbase Wallet is simple and straightforward. Once you have logged into the app, you will see a dashboard that displays your portfolio, including the total value of your holdings, as well as the individual values of each cryptocurrency. To buy, sell, or send cryptocurrencies, simply tap on the relevant option and follow the on-screen instructions. The Coinbase Wallet also allows you to view transaction history and manage your private keys, giving you full control over your cryptocurrencies.

Features of the Wallet App for South Africans

The Coinbase Wallet app offers several features that are particularly useful for South African users. For example, the app allows users to easily buy and sell cryptocurrencies using their local currency, eliminating the need to convert funds into another currency. The app also provides real-time market data, so users can stay up-to-date on the latest crypto trends and make informed trading decisions.

Another key feature of the Coinbase Wallet app is its security. The app uses state-of-the-art encryption technology to protect users’ private keys, ensuring that their cryptocurrencies are safe and secure. The app also supports two-factor authentication, adding an extra layer of protection for users’ funds.

Overall, the Coinbase Wallet app is a great way for South African users to manage their cryptocurrencies on the go. With its user-friendly interface, real-time market data, and robust security features, the Coinbase Wallet is a convenient and secure way to buy, sell, and store cryptocurrencies.

Coinbase Learning Rewards & Earn (Staking)

Coinbase Learning Rewards is a program offered by Coinbase that allows users to earn cryptocurrency for learning about digital assets on the platform. The program is designed to educate users about different cryptocurrencies and the technology behind them. By participating in Coinbase Learning Rewards, users can increase their understanding of the crypto world and earn rewards in the form of cryptocurrency.

To participate in Coinbase Learning Rewards, users simply need to create a Coinbase account and complete educational modules on the platform. The modules cover topics such as blockchain technology, different cryptocurrencies, and the principles of digital currencies. After completing the modules, users are rewarded with a set amount of cryptocurrency, which can be claimed and held in their Coinbase wallet.

learning rewards

Exmaple of courses on Coinbase learning rewards (Source: coinbase.com)

By using Coinbase Learning Rewards, South African users can expand their knowledge of digital assets while earning rewards in the process. The program is a great way to start learning about cryptocurrencies and the underlying technology, and provides an opportunity for users to start earning cryptocurrency in a fun and educational way.

Coinbase Earn

Coinbase Earn is a platform offered by Coinbase that allows users to earn cryptocurrency rewards by participating in educational activities. In addition to learning about different digital assets, users can also earn rewards through staking and participating in DeFi projects.

What is Staking in DeFi? Staking is the process of holding onto a specific cryptocurrency for a set period of time to support the network and validate transactions. In return for staking, users can earn rewards in the form of additional tokens.

To participate in Coinbase Earn, users need to have a Coinbase account. They can then navigate to the Coinbase Earn section of the platform and explore the available opportunities to earn through staking and participating in DeFi projects. Some of the popular DeFi projects available on Coinbase Earn include Cosmos (ATOM), Algorand (ALGO), and Tezos (XTZ).

Users will be required to complete various educational tasks and quizzes to demonstrate their understanding of the project. Once the educational tasks have been completed, users can then stake the required amount of the token and earn rewards for supporting the network.

It is important to note that staking and participating in DeFi projects through Coinbase Earn is not without risk. As with any investment, it is essential to thoroughly research the projects and understand the risks involved before participating.

In conclusion, Coinbase Earn provides a convenient platform for users to learn about different digital assets and earn rewards through staking and participating in DeFi projects. By participating in Coinbase Earn, users can not only increase their knowledge but also grow their cryptocurrency portfolio.

Advanced Trading on Coinbase (Coinbase Pro)

Coinbase has recently made a change to its popular trading platform, Coinbase Pro, rebranding it as Advanced Trading. This change has been made to better reflect the capabilities of the platform and to provide its users with a more sophisticated trading experience. The Advanced Trading platform offers the same features as Coinbase Pro, with some additional enhancements.

One of the main features of Advanced Trading is its real-time order books, which allows traders to see the entire order history of a particular asset. This allows traders to make informed decisions about buying and selling cryptocurrencies. Additionally, Advanced Trading offers an in-depth analysis of market data and trends, making it easier for traders to stay up-to-date on the latest developments in the world of crypto.

Advanced Trading also offers a suite of tools designed to help traders execute their trades with ease. This includes a range of order types, such as limit orders and stop orders, as well as trading algorithms that can help traders make informed decisions about when to enter and exit trades.

For more advanced traders, Advanced Trading also offers margin trading, which allows traders to access more capital than they have in their account. This can be useful for those who are looking to trade larger positions or take advantage of price movements in the market.

Coinbase has a long history of providing a secure and reliable trading platform, and Advanced Trading is no exception. All trades are executed on Coinbase’s secure, centralized exchange, and users’ funds are fully insured against theft or loss.

In conclusion, Advanced Trading is the latest offering from Coinbase, and it is designed to provide a more sophisticated trading experience for users. With its real-time order books, in-depth market analysis, and suite of trading tools, Advanced Trading is the perfect platform for both new and experienced traders.

Other Products and Services

Coinbase, being a leading cryptocurrency platform, offers several products and services in addition to its core trading platform. In this chapter, we will explore three of these products and services, including the Coinbase Card and the Coinbase Commerce Solution.

Coinbase Card

The Coinbase Card The Coinbase Card is a Visa debit card that allows users to spend their cryptocurrency holdings just like they would with a traditional debit card. This card links directly to a user’s Coinbase account, allowing them to easily and securely make purchases with their cryptocurrencies. The Coinbase Card is currently available in several countries in Europe, including the United Kingdom, Spain, Germany, and France.

Coinbase Commerce

The Coinbase Commerce Solution The Coinbase Commerce Solution is designed for merchants and businesses looking to accept cryptocurrency payments. This solution enables businesses to accept payments in several popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. With Coinbase Commerce, businesses can easily receive payments directly to their own wallets, without having to pay any fees to Coinbase. Additionally, Coinbase Commerce provides robust security features to ensure the safety of both merchants and customers.

In conclusion, Coinbase offers a range of products and services in addition to its core trading platform. These products and services are designed to meet the diverse needs of its customers, whether they are individuals or businesses, and help to make cryptocurrency more accessible and user-friendly.

Reviews

Coinbase has generally received positive reviews from its users, with a rating of 4.1 stars out of 5 based on 745,416 votes on Google Play and a rating of 4.7 stars out of 5 based on 1,685,853 reviews on the App Store. Many users have praised the platform for its ease of use, security, and variety of available cryptocurrencies. However, some negative reviews have mentioned issues with account verification and customer support. Overall, Coinbase remains a popular and trusted option for buying, selling, and storing cryptocurrencies for a large number of users worldwide.

Final Thoughts: Why Choose Coinbase as Your Crypto Exchange

Coinbase is one of the most popular and trusted crypto exchanges in the world, with a user base of over 35 million people in over 100 countries. In this chapter, we will take a look at the pros and cons of using Coinbase and answer the question of whether or not it is the right crypto exchange for you.

The Pros and Cons of Using Coinbase One of the biggest pros of using Coinbase is its ease of use. The platform has a user-friendly interface, making it a great option for those who are new to the world of crypto. Coinbase also offers a range of educational resources, including an extensive help center, articles, and videos, which can help users learn about the different cryptocurrencies available on the platform.

Another pro of using Coinbase is its security. Coinbase stores 98% of its customer’s funds offline, in cold storage, to prevent unauthorized access. Additionally, the platform implements various security measures, including two-factor authentication, to protect its users’ accounts.

However, there are also some cons to using Coinbase. One of the biggest downsides is its high fees. Coinbase charges a fee of 1.49% for all transactions, which can add up quickly, especially for those who trade frequently.

Another con is that Coinbase is not available in all countries, including some countries in South Africa. This means that users in these countries may not be able to take advantage of all the features and services that Coinbase offers.

Is Coinbase the Right Crypto Exchange for You? Ultimately, whether or not Coinbase is the right crypto exchange for you will depend on your individual needs and preferences. If you are new to the world of crypto and are looking for a platform that is easy to use and provides educational resources, Coinbase may be a good option for you.

However, if you are an experienced trader who is looking for a platform with low fees, you may want to consider using a different crypto exchange. Additionally, if you live in a country where Coinbase is not available, you may need to look for alternative options.

Conclusion: Why South Africans Should Consider Coinbase

Coinbase is a well-established and trusted crypto exchange that offers a range of services and features for its users. Its ease of use, educational resources, and strong security measures make it a great option for those who are new to the world of crypto.

However, its high fees and limited availability in some countries are important factors to consider. South Africans who are looking for a reliable and user-friendly crypto exchange should definitely consider Coinbase, but it is important to weigh the pros and cons before making a decision.

Expert score

9.1Expert Score
Coinbase is a leading cryptocurrency exchange that offers a variety of services to users worldwide. Based in San Francisco, Coinbase allows users to buy, sell, and store a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The platform provides a user-friendly interface, strong security measures, and 24/7 customer support. In addition to its core exchange platform, Coinbase offers a variety of other products and services, such as the Coinbase Wallet, Coinbase Card, and Coinbase Earn. With its robust features and extensive cryptocurrency offerings, Coinbase is a popular choice for both new and experienced cryptocurrency traders.
Offer range
9
Credibility/Security
9.8
Platform
8.6
Customer service
9.1
PROS
  • Easy-to-use platform for buying and selling cryptocurrencies.
  • High level of security with insurance coverage and strong compliance.
  • Wide range of supported cryptocurrencies.
  • Accessible through both desktop and mobile devices.
  • Offers staking and earning rewards for select cryptocurrencies.
  • User-friendly interface with helpful educational resources.
CONS
  • Higher fees compared to some other exchanges.
  • Limited customer support options.
  • Reports of occasional system outages during times of high traffic.
  • Limited availability of certain cryptocurrencies in certain regions.
  • Requires extensive personal information to comply with regulations.
  • Lack of anonymity as transactions are recorded on a public ledger.

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Risk Disclosure: The information provided on this website is intended for general informational purposes only and should not be considered as financial advice, investment recommendations, or an endorsement of any particular investment product or service. Trading forex, cryptocurrencies, and other investment products carries a high level of risk and may not be suitable for all investors.

 

This website may contain links to third-party websites, which are provided for your convenience and information. We are not responsible for the content, accuracy, or reliability of these external sites and do not endorse or guarantee any products or services offered therein. It is your responsibility to carefully review the terms and conditions, privacy policies, and risk disclosures of any third-party websites before engaging in any transactions or investments.

 

By using this website, you acknowledge and agree that you have read, understood, and accept this Risk Disclosure in its entirety and that you are solely responsible for any investment decisions you make.

 

At Compape, we strive to provide our users with the most accurate, reliable, and up-to-date information on forex/CFD brokers and crypto exchanges. To maintain our website and continue offering valuable content to our users, we may receive compensation through affiliate links on our site. This means that when you click on some of the links on our website and sign up or make a purchase, we may receive a commission at no additional cost to you.

 

Please note that our affiliate partnerships do not influence our reviews, comparisons, and educational content. Our priority is to remain unbiased and transparent in all our recommendations. We maintain a strict editorial policy to ensure the quality and integrity of our content, and we always put our users’ best interests first. Your trust is our top priority, and we are committed to providing you with reliable information to help you make informed decisions in the world of forex, CFD, and crypto trading.

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 72% – 89% of retail investor accounts lose money when trading CFDs.You should not risk more than you are prepared to lose. Please ensure you fully understand the risks associated with the product and read our full risk disclosure statement.

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