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Coinbase Review

Our overview of Coinbase, the crypto trading app.

Last Updated: June 2024

Coinbase logo

Our Summary

In the timeline of the fledgling cryptocurrency market, Coinbase is a veteran: started in 2012, the cryptocurrency trading platform has hosted over 56 million users. Unlike competitor investing apps, Coinbase was designed to grow alongside its users. A newer customer may want to simply buy a fractional share of a popular bitcoin—Coinbase’s mobile app makes this process simple and affordable. A more experienced trader can use the app to exchange cryptocurrencies, set limit orders, or study the market.

At its simplest, Coinbase allows users to buy, store, exchange, and sell hundreds of cryptocurrencies. Coinbase offers additional features such as enhanced security, a host of learning modules, a market news widget, advanced trading tools, and a fair fee structure.

In the timeline of the fledgling cryptocurrency market, Coinbase is a veteran: started in 2012, the cryptocurrency trading platform has hosted over 56 million users. Unlike competitor investing apps, Coinbase was designed to grow alongside its users. A newer customer may want to simply buy a fractional share of a popular bitcoin—Coinbase’s mobile app makes this process simple and affordable. A more experienced trader can use the app to exchange cryptocurrencies, set limit orders, or study the market.

At its simplest, Coinbase allows users to buy, store, exchange, and sell hundreds of cryptocurrencies. Coinbase offers additional features such as enhanced security, a host of learning modules, a market news widget, advanced trading tools, and a fair fee structure.

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Unique Features

Coinbase hosts a variety of tools that help crypto investors invest effectively. Learn more, below:

  • User Interface:
  • Coinbase, available for both the mobile and desktop experience, is user-friendly and intuitive. New users can fund their accounts and begin trading crypto in minutes without having to invest hours in third-party walkthroughs.
  • Learning Modules:
  • To support the financial literacy of its customers, Coinbase hosts interactive learning modules, right on the app. Newer traders can learn the ins and outs of the digital asset market while getting rewarded in the process—customers can often earn free crypto just for completing modules.
  • Cold Storage:
  • Coinbase securely stores customers’ crypto on its platform. Over 98% of all crypto traded throughout Coinbase is in “Cold Storage,” a nickname for offline storage. Offline storage is considered the gold standard of crypto security, as it is extremely difficult for bad actors to steal digital assets that live in an account disconnected from the internet.
  • 4% Crypto Back with Coinbase Card:
  • Customers can receive crypto simply by shopping at their favorite retailers. The Coinbase Card is a VisaTM debit card that rewards customers with up to 4% in crypto on eligible purchases.

Assets for Sale

Although the platform hosts hundreds of cryptocurrencies, these are some of the more popular crypto coins for sale on Coinbase:

  • Bitcoin
  • Ethereum
  • Dogecoin
  • Binance Coin
  • USD Coin
  • Glyph Vault
  • SHIBA INU

Pricing

Coinbase pricing is complex. Let’s break it down.

  • $0 Download and Subscription Fees:
  • Downloading Coinbase is free. The app and website do not charge customers subscription fees.
  • Trading Fees:
  • The majority of fees are associated with the buying, selling, and exchanging of crypto. Coinbase trading fees change constantly, as they are calculated at the time of transaction and are dependent on the size, timing, and market conditions of the order.
  • $0 Crypto Storage:
  • There is no charge associated with the storage of crypto or US dollars in Coinbase.

The pricing structure mentioned above is not exhaustive. For complete information regarding the fees and pricing structure for Coinbase apps and tools, please see Coinbase.com.

How to Invest with Coinbase

Trading crypto on Coinbase is fast and intuitive. Here’s how to get started:

    • 1) Fund your crypto account with a direct bank transfer (free) or wire transfer (~ $10 fee) using US dollars or other accepted fiat currency.
    • 2) Purchase the type and amount of cryptocurrency you’d like.
    • 3) When appropriate, sell or exchange the desired type and amount of crypto stored in your Coinbase account.

Who It’s Best for

Coinbase can be a powerful tool for any crypto investor, but these customers might really love it:

    • New Crypto Investors:
    • Coinbase’s user interface is extremely clear and intuitive, so much so that a new user could start trading without any prior research. Coinbase also offers interactive learning modules that teach the do’s and don’ts of crypto trading—users can even earn free crypto just for completing these modules.
    • Long-term Traders:
    • Long-term, experienced crypto traders will find a happy home in Coinbase’s powerful trading and exchange suite. Coinbase offers a series of features designed for the watchful market researcher, including the ability to set limit orders, view price charting, and read crypto news widgets.
    • Crypto-Loving Shoppers:
    • Coinbase customers can earn up to 4% cashback in crypto assets with the Coinbase Card, a Visa™ debit card. Customers can earn crypto while they buy their favorite coffees, groceries, and products.

How to Sign Up

Signing up only takes about five minutes.

To start, follow our link to reach the Coinbase website. Our site automatically makes you eligible for unique promotions and offers, giving you a head-start on the day’s trading.

From there, simply click “Sign Up” on the Coinbase website to get started.

The Bottom Line

Coinbase is an extremely popular cryptocurrency trading platform, and with good reason. Coinbase offers a powerful platform for crypto trading and exchanging, features an intuitive interface, charges fair fees, hosts learning modules, and offers a crypto rewards card.

When it comes to getting into the market, it’s good to run with the crowd. Join the over 56 million users already trading on Coinbase, today.