Founded in June 2012 in San Francisco, Coinbase is a digital currency wallet and trading platform where over 30 million global merchants can transact digital currencies, such as Bitcoin, Ethereum, and Litecoin. They also provide traders with a good selection of educational materials, and their website is available in over 10 languages. The exchange also provides clients with the Coinbase Mobile App, as well as 24/7 live customer support.
Coinbase Review Introduction
In this Coinbase review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare brokers including Coinbase.
Coinbase Platforms & Tools
The exchange provides clients with the Coinbase Mobile App which is available on iOS and Android devices. The Coinbase iOS app is available on the Apple store, while the Android app can be downloaded from the Google Play Store. The mobile app enables clients to trade cryptocurrency at any time and from anywhere in the world, provided there is an internet connection.
The Coinbase Pro, another platform provided by the Exchange, is a secure and insurance-backed platform that offers individual traders the ability to trade a variety of digital assets. It is available as a mobile app for Android and iOS devices, enabling clients to trade cryptocurrencies on their smartphones.
There is also the Coinbase Prime, which is Coinbase’s professional trading platform that is designed specifically for institutional clients. It gives them access to diversified liquidity pools underpinning all Coinbase products.
The exchange provides clients with a range of useful trading tools, including the Coinbase Pro API, which makes it easy to integrate Bitcoin, Bitcoin Cash, Litecoin, and Ethereum into both new and existing applications. Coinbase Pro’s fully featured trading API offers an efficient way for developers to build digital asset trading applications and to offer related functionality.
The Coinbase API has the following features:
- Generate bitcoin, bitcoin cash, litecoin, and ethereum wallets and addresses
- Buy/sell and send/receive bitcoin, bitcoin cash, litecoin, and ethereum
- Securely store the coins with the exchange
- Retrieve real-time or historical price information
- Receive notifications when payments arrive
Coinbase Research & Education
The Coinbase website has a well-established blog that contains a good selection of trading articles, which help to improve the overall trading skills and knowledge of traders. The ’Learn’ section of the Coinbase website has a good range of educational articles covering various topics, such as how to buy Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and much more. There is also the Frequently Asked Questions (FAQ) section on the website, which has answers to some common questions that clients may have.
Coinbase Trading Accounts
To use the Coinbase Services, you will need to register for a Coinbase account by providing your name, email address, and password and accepting the terms of their agreement. The Exchange provides clients with a variety of different account types which depends on the preferred trading platform, and they include Coinbase, Coinbase PRO, and Coinbase Prime accounts. The Coinbase Pro account is designed for individual traders, whereas the Coinbase Prime is designed specifically for advanced institutional traders.
Coinbase Account Funding
Coinbase allows traders to deposit funds directly into their wallets using the Coinbase Commerce.
You can fund your Coinbase Commerce account using cryptocurrency, bank transfer, credit/debit card, or PayPal if you are in Europe or the US. No fees are charged to use Coinbase Commerce, however, you will need to pay a network fee to cryptocurrency miners and third part processors may also charge additional fees.
To withdraw your funds, log into your Coinbase Commerce account and click on a ’Withdraw’ button next to the relevant cryptocurrency in the ’Balances’ section. A modal will pop up where you specify how much you would like to withdraw and where you would like these funds to go.
Coinbase Customer Service
The broker provides clients with a knowledgeable customer service team. They can be reached via telephone, email, and online live chat. Alternatively, you can fill the form on the website, and a customer support representative will respond swiftly. The exchange is also available on social media handles, such as Twitter and Facebook.
Coinbase is not regulated by any agency at the moment, but most crypto exchanges are not yet regulated.
Coinbase Review Summary
Coinbase is an online trading exchange for cryptocurrencies and has been in operation since 2012. The Exchange provides traders with multiple trading platforms and API trading tool for transacting digital currencies. They offer a good selection of educational resources and 24/7 customer support. However, they are not regulated at the moment.
It is worth mentioning that some of the trading products and services in this Coinbase review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Coinbase website which you can visit by using the link below.
Trading complex instruments can come with a high risk. You should consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money.