Coinbase Review 2021

Coinbase Review 2021
Davis J.
Robertson A.
January 2021

3

Position
in rating

Trading terminals:

Proprietary Coinbase Pro platform (web and mobile)
3

Position in rating

9.4/10
Overall rating

Trading terminals:

Proprietary Coinbase Pro platform (web and mobile)

Summary of Coinbase Trading Company Crypto Exchange

Coinbase is a popular cryptocurrency exchange, especially sought-after among novice traders. It allows you to trade all cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, BitcoinCash, and others. You will find a web version and an application for a smartphone based on iOS or Android. The crypto exchange provides services to users from 100 countries with more than 43 million active traders registered on the exchange. The total assets on the platform are equivalent to over USD 90 billion. The exchange brings to the table one-of-a-kind training programs that allow you to earn money during the learning process by improving your expertise in the crypto market.

💰 Account currency: XBT
🚀 Minimum deposit: Minimum deposit 2 units of local currency (e.g., $2 or 2 Chilean pesos)
⚖️ Leverage: Up to 1:3
💱 Spread: Market
🔧 Instruments: Dollars, cryptocurrencies
💹 Margin Call / Stop Out: No
Attention!

We work with accounts opened exclusively through the Traders Union website.

👍 Advantages of trading with Coinbase:

  • you can trade a vast array of cryptocurrencies on the exchange;
  • hassle-free registration and verification;
  • all assets are in offline storage;
  • the exchange ensures the security of users’ assets;
  • available are a free e-wallet and a virtual card;
  • complex solutions for individuals, businesses, and developers;
  • powerful analytical base and unique training guides.

👎 Disadvantages of Coinbase:

  • there are no passive earning options;
  • some of the information is available in English only.

Overall

Coinbase is a cryptocurrency exchange that is constantly expanding and improving its functionality. All major cryptocurrencies and their tokens are available here. In addition to the exchange itself, there is a free-of-charge crypto wallet and a virtual cryptocurrency card, which may come in handy.

Visit Coinbase

Geographic Distribution of Coinbase Traders

Coinbase Latest Comments for 2021

9
3
3

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Coinbase published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I'm still trading with Coinbase, but I'm already looking for an alternative. New cryptocurrency exchanges are popping up like mushrooms after the rain nowadays. The main thing is to find a sensible one. What positive things can I say about Coinbase after 2 years of working with it? The first thing is reliability: the company keeps money in offline storage and has taken care of deposit insurance. The second thing is high liquidity, and that’s why there are no problems in finding sellers/buyers.
Now I'll explain why I'm looking for an alternative. I really hate the attitude of support to customers. I feel like I owe these tech support guys something. If there is a problem, you can wait for a solution for several days. That just won't do.


I have been engaged in crypto trading for several years and Coinbase is not the first exchange with which I started working. However, I can say from experience that it will be interesting for both professionals and beginners. Anyone can understand the interface without any problems. It is intuitive, there is nothing superfluous. The company has taken care of high-quality training programs. Moreover, it motivates traders to raise their skill level - they pay money for each successfully completed course and test.
Of course, investors who are focused on obtaining passive income have nothing to do on Coinbase (except to participate in an affiliate program, but they do not pay too much money there). But for active traders, this exchange should fit perfectly.

The opinion about Coinbase on the Internet is ambiguous. And I agree that this crypto exchange is far from a solid A, since there are certain disadvantages that you have to put up with. In particular, it is not always possible to get in touch with the support and quickly get a response from them. And, of course, technical failures on the platform happen periodically; I used to have quite serious problems because of this. I applied to technical support with complaints, but there was no response. But there are also many advantages. For example, the smart functionality of the site and adequate commissions for transactions. And the variety of cryptocurrencies here is wider than on many other platforms.

I recommend that you carefully read Coinbase user agreement before registering. The crypto exchange tries to work in the legal field and has prescribed a lot of nuances in its documents. If you violate it, it will block your account. Apart from that, cooperation with this company brings only a pleasure. Registration and verification are simple, all customers are guaranteed insurance, adequate commissions, etc. Although, I would like to see Coinbase provide options for obtaining passive earnings. Since there is no such thing here, except for the affiliate program.

The Coinbase cryptocurrency exchange is trustworthy. I have been trading with it for two years and have not noticed any problems in trading or withdrawing funds. There are no questions about the technical part at all, everything is thought out to the smallest detail.
As for the exchange fees, the Coinbase can be called loyal. The commission is on average 0.5% of the transaction amount, although it all depends on market fluctuations, a specific cryptocurrency, etc. The leverage here is quite modest - up to 1:3, and it is given only for those pairs where the dollar is involved.

Coinbase does not have bonuses for users, like some other crypto exchanges, but it does have unique training guides. Not only do you get knowledge, but you also earn money! As for me, it’s a great idea to attract and interest newcomers. That's why the customer base of this company is growing so quickly.
The range of cryptocurrencies is wide, even those coins that are not found on other exchanges are freely traded. In general, the platform has everything you need to work: good analytics and affordable exchange fees (on average, 0.50% for takers and makers).

I don't have such a good opinion of Coinbase as some people here do. I started trading on this platform a couple of years ago. And I had no complaints about this crypto exchange at first .
A variety of digital coins, of course, is not questionable, all assets are stored in an offline storage, there is an insurance. And the company also took care of a lot of "perks" for its customers. However, I must say that Coinbase really sucks in terms of a service recently. The support work is just awful, they can easily ignore the question or answer it after several days. I give crypto exchange huge thumbs down for this.

2 3 >

Expert Review of Coinbase

Coinbase crypto exchange is equally convenient for newbies and experienced traders. Over the past 3 years, unique training courses on new cryptocurrencies and tokens have appeared on the site. The volume of courses is constantly expanding and new currencies are frequently added. Basic guides are also being expanded and localized.

The total trading volume on Coinbase currently exceeds $456 billion. It is one of the fastest-growing companies in the genre. High trading volume leads to high liquidity. With a competent approach, the exchange allows you to consistently earn a pretty penny on changes in cryptocurrency rates among themselves and relative to other world currencies. Some experts point out the lack of investment programs for private traders as a minus.

The Coinbase Pro trading platform has a fairly generic interface but is well optimized. It’s completely free, and can be used in a browser or as a mobile application. A huge plus is the integrated digital asset insurance system. FDIC insurance covers amounts up to $250,000.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of this Crypto Exchange

9.4

Overall rating

9.1

/10

Execution of orders

9.7

/10

Investment instruments

9.5

/10

Withdrawal speed

9.3

/10

Customer Support work

9

/10

Variety of instruments

9.8

/10

Trading platform

Dynamics of the Popularity of Coinbase
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

Investment Programs, Available Markets, and Products of the Crypto Exchange

The Coinbase crypto exchange does not provide passive income and does not have investment programs for individuals. There is potential for investment on a platform for legal entities and business representatives; such proposals are discussed strictly in private.

Important!

If you are a large investor and plan on investments over $10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

Coinbase affiliate program

The Coinbase crypto exchange affiliate program is different from similar programs provided by most other platforms. Referral invitation is also realized through a referral link. However, payments are one-time and are intended for both the invitee and the inviter. The complete algorithm looks like this:

  • from the referral program page, you copy your link and give it to another user;

  • if within 180 days from the moment of registration the user makes transactions for more than $100, you both receive $10 to your respective accounts;

  • you can get only one bonus from one new user and all information on referrals is displayed in reports sent to your personal account.

Bear in mind that the referral link is valid for 90 days. After this period, you need to send the user another link; otherwise, he will not be recorded in the system as your referral, and you will not receive a bonus.

Rebate and Discount Programs of the Traders Union for Coinbase

Coinbase sets the exchange rate for cryptocurrency transactions by adding a margin or spread to the market exchange rate on Coinbase Pro. The exchange may also charge a separate commission (in addition to the spread), which is a fixed amount or percentage of the transaction. The user can get back a part of the spread if he registers on the crypto exchange through the Traders Union website. A trader must immediately register on the Traders Union website, and then on Coinbase, using the Union’s affiliate link.

Try it!  Try it!

Trading Conditions for Coinbase Users

Coinbase has one of the most well-thought-out commission systems. The commission increases depending on the trading volume and following the instruments used. For example, if you want to buy Bitcoin with a debit card, the commission will be 3.99% since the variable interest commission is higher than the fixed commission. Below is a table with an extended description of the trading conditions of the crypto exchange.

$2

Minimum
deposit

1:2

Leverage

24/7

Support

Proprietary Coinbase Pro platform (web and mobile)
💻 Trading platform: Proprietary Coinbase Pro platform (web and mobile)
📊 Accounts: Standard
💰 Account currency: XBT
💵 Replenishment/Withdrawal: Bank cards, cryptocurrency and electronic wallets, third-party systems, including PayPal
🚀 Minimum deposit: Minimum deposit 2 units of local currency (e.g., $2 or 2 Chilean pesos)
⚖️ Leverage: Up to 1:3
💼 PAMM-accounts: No
📈️ Min Order: from 0
💱 Spread: Market
🔧 Instruments: Dollars, cryptocurrencies
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: not indicated
⭐ Trading features: All contracts in BTC
🎁 Contests and bonuses: not indicated

Coinbase Commissions & Fees

Information

Standard soft caps for cryptocurrency buy/sell commissions are $10, $25, $50, and $200. For amounts exceeding this amount, the commission is calculated individually. The commission for conversion is fixed at 2% of the amount. Countries such as the United States, Canada, Chile, Singapore, and Mexico are subject to different conditions than Europe.

Account type Spread (minimum value) Withdrawal commission
Standard From $0.50 per market order 2% or less for some regions

For you to be able to visually compare the conditions for Coinbase fees, the Traders Union experts suggest that you study the table below, which presents data on the commissions of the leading competitors of the Coinbase crypto exchange.

Broker Average commission Level
Coinbase $0.5 Medium
ByBit $20 High
Bitfinex $0.1 Low
Coinbase
$0.5
ByBit
$20
Bitfinex
$0.1
Conclusion

The Coinbase crypto exchange offers comfortable trading conditions with minimal fees that are some of the lowest in the market. You can trade even more profitably when registering through Traders Union to trigger the rebate.

Contacts

Official site

Tags:

Coinbase www coinbase com coinbase.com coinbase com coin base

The Oldest Reviews of this Crypto Exchange

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Coinbase published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I have been working with the Coinbase exchange for almost two years and here’s what I can say: it is difficult to find an alternative to it in terms of customer orientation, convenience, and reliability. Given the fact that I started here as a beginner, who did not understand a thing in cryptocurrencies, the Coinbase tutorials were really helpful. I got a lot of useful information. And that's not all. You can earn money in the process of learning with the help of your knowledge. Yes, during the guides learning process, the money paid is very little, but this motivates you to move on. I do not know how much these training materials will be of interest to experienced crypto traders, but I definitely recommend them to beginners.

I agree, it is comfortable to cooperate with Coinbase. You understand this already at the start, registration and verification take just a couple of minutes. What I also liked was the intuitive and user-friendly interface of the trading platform. Here is really nothing superfluous and everything is thought out to the smallest detail: a list of offers that you can filter at will, price charts, full-fledged analytics for making informed decisions. I trade on Coinbase mostly with bitcoin, but in general there are a lot of cryptocurrencies (including exotic ones).

Well, don't over-praise Coinbase. This crypto exchange, like any other trading platform, has its own "skeletons in the closet". Of course, there are many advantages - the insurance of users' assets, a free crypto wallet, a virtual card that can be used to pay in stores.... I can continue for a long time, because the cryptocurrency exchange is actively developing and trying to improve the service. But there are still “gaps " in terms of the quality of service, from time to time. As I remember, there have been numerous technical failures here. This is the most recent case with a crypto wallet: I try to go there, and they write to me that "you are making too many requests, wait for an hour and try again”. WTF?

I started trading cryptocurrencies about a year ago. I tried several other exchanges, before Coinbase, but they all did not work out somehow. Most of them are aimed at working only with experienced users. I, as a beginner, had a difficult time. "Coinbase" was recommended to me by a friend. He said that they are loyal to novice traders here. And now I can say that this is the case indeed. I would like to mention the training courses separately. They are really chic: the program is compiled correctly, in detail, and you get money for successfully passing the exam.

I can't tell you how many cryptocurrencies are available on Coinbase. There are really a lot of them, even the little-known ones were listed. There are no problems with buying and selling coins, because the exchange is popular. There are enough buyers and sellers here.
I do not consider myself a guru in trading, but I manage to earn quite well - since the beginning of the year I have already withdrawn more than $ 10,000. I believe that I was able to achieve such results thanks to high-quality guides on Coinbase. There is no info-garbage there, everything is explained intelligently.

I agree, Coinbase is growing right in front of our eyes. Since I registered here, the crypto exchange has added a lot of new coins to the listing. And the level of service in this company has become much higher. I am not surprised that the total trade turnover here is already more than 456 billion dollars, the exchange is really liquid and popular. Some of my friends complain about the lack of investment programs. Yes, this is true, but the crypto exchange has an interesting affiliate program. Although payments on it are one-time only, but they are received not only by the inviter, but also by the referral.

I have been trading only in the browser version of Coinbase for a long time, and recently discovered a mobile app. It is really convenient and does not differ in functionality from the web version. The interface is ordinary, but it is well optimized. I also really like the fact that the crypto exchange carefully takes care of the security of user funds. The FDIC insurance will cover the damage up to 250,000 dollars in case of force majeure. I hope that I will not need compensation, but still this is the guarantee of Coinbase's responsibility to customers.

Author of this Review

Coinbase broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Coinbase rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Coinbase you need to go to the broker's profile.

How to leave a review about Coinbase on the Traders Union website?

To leave a review about Coinbase, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Coinbase on a non-Traders Union client?

Anyone can leave feedback about Coinbase on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Coinbase through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.

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