Coinbase Review 2024
Minimum
deposit:
  • $2

Trading platform:

  • Proprietary Coinbase platform

Coinbase Review 2024

Updated: March 15, 2024
Updated: March 15, 2024
Your capital is at risk.

8.72

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $2

Trading platform:

  • Proprietary Coinbase platform
Trading features:
  • All contracts in BTC

Summary of Coinbase Crypto Exchange

Coinbase is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 8.72 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Coinbase clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company. Coinbase ranks 10 among 169 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

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.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

Start Trading with RoboForex
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Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

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. Learn what Coinbase is and how the exchange works.

💰 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

👍 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.

Evaluation of the most influential parameters of Coinbase

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

6.70

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

7.15

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

6.93

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

7.09

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

7.45

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

7.67

/10

NOTE!

Do not miss a chance to get additional monthly bonuses and payouts for trading at Coinbase cryptocurrency exchange.

Login preview

Enter the referral code when you register on the website or Coinbase app.

3PJkYr

Login preview

*TU may receive partnership reward for registration of the client on the company’s website on a referral link.

Your capital is at risk.

Geographic Distribution of Coinbase Traders

Popularity in

66.7%
US
United States
4.8%
IN
India
2.9%
CA
Canada
2.6%
GB
United Kingdom
1.5%
AU
Australia
1.4%
MX
Mexico
0.8%
JP
Japan
0.8%
PK
Pakistan
0.7%
DE
Germany
17.8%
Others
Others

Video Review of Coinbase i

Coinbase Latest Comments for 2024 i

222 comments
Total score:
7.4 /10
  • Best
  • Last
  • Oldest
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Epifani

The platform's fees are notably high compared to other exchanges, eating into profits and making trading less attractive. Additionally, Coinbase's customer support can be slow and unresponsive. Overall, while Coinbase may be popular, its high fees, sluggish customer support, and limited coin offerings make it less than ideal for many traders.

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calliegg1

Coinbase does not withdraw money from the account!!! After 3 years of working with them, my account suddenly became suspicious ... The other day I tried to withdraw money and was refused! Support began to communicate terribly uncivilized, I don’t even know what to think....

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DenpokRar

Reviews about Coinbase, in my opinion, speak for themselves. I have no confidence in these companies!

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Josephet

The company does not comply with its own regulations! Promises one thing, does another. So you can't trade. You have to trust the company, and I can't do that.

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pauletteam69

To begin with, Coinbase specializes in cryptocurrency trading only, so if you need other tools, Coinbase is definitely not your option. There is no demo account either, but with a $2 minimum deposit, this is forgivable. Moreover, several payment systems have been proposed for depositing funds, so there will definitely not be any problems. Education… Let's just say that I already know what is in Coinbase, as I have been trading for more than 5 years. But it will be useful for beginners. I consider Coinbase as a broker where you can learn how to trade, and then choose a broker according to your requirements. I’m talking about “learning to trade” literally: there are no investment offers in Coinbase. Only active cryptocurrency trading.

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cheshire

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.


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thana

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.

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.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest Coinbase News

15.03.2024
​Paul Grewal, Coinbase's Chief Legal Officer, criticized a call by two US senators for the Securities and Exchange Commission (SEC) to increase oversight
13.03.2024
​Cryptocurrency exchange Coinbase is considering raising $1 billion through the issuance of senior convertible notes due in 2030.  At maturity, the
26.02.2024
​Recent research has shown that for many Texas voters, the issue of legalizing and promoting cryptocurrency is a hot topic when it comes to choosing a
22.02.2024
​In light of recent developments and the growing popularity of Ethereum (ETH), US cryptocurrency exchange Coinbase has come out in support of Grayscale's
20.02.2024
​Cryptocurrency exchange Coinbase's reserves in Bitcoins have fallen to their lowest level since 2017. This is due to significant withdrawals of user
16.02.2024
​Cryptocurrency exchange Coinbase reported key financial results for the fourth quarter of 2023 that beat Wall Street's expectations. The recovery of

Dynamics of Coinbase’s popularity among
Traders Union’s traders, according to 2023 data

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.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

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 vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Coinbase Sign-Up Bonus and Promo You Should Know

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.

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.

The cryptocurrency exchange offers favorable trading conditions and convenient withdrawals. You can withdraw both fiat currencies and cryptocurrencies. For example, Bitcoin withdrawal is available.

Coinbase (COIN) Stock Price Forecasts

$2

Minimum
deposit

1:2

Leverage

24/7

Support

💻 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
Your capital is at risk.

Broker comparison table of trading instruments

Coinbase Bybit KuCoin BitGet MEXC Kraken
Forex No No No No No Yes
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No Yes
Stock No No No No No No
ETF No No No No No No
Options No No No No No No

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
Logo Coinbase
$0.5
$20
$0.1

Contacts

Foundation date
Registration address 70 Sir John Rogerson’s Quay, Dublin D02 R296
Official site
Contacts
Your capital is at risk.
Disclaimer:

Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.

User Reviews of Coinbase i

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.

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rifqi

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.

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msahamed

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.

Avatar
Avatar
thana

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.

Avatar
Avatar
cheshire

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.


Avatar
Avatar
DenpokRar

Reviews about Coinbase, in my opinion, speak for themselves. I have no confidence in these companies!

Avatar
Avatar
calliegg1

Coinbase does not withdraw money from the account!!! After 3 years of working with them, my account suddenly became suspicious ... The other day I tried to withdraw money and was refused! Support began to communicate terribly uncivilized, I don’t even know what to think....

Avatar
Avatar
Epifani

The platform's fees are notably high compared to other exchanges, eating into profits and making trading less attractive. Additionally, Coinbase's customer support can be slow and unresponsive. Overall, while Coinbase may be popular, its high fees, sluggish customer support, and limited coin offerings make it less than ideal for many traders.

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.
Coinbase Review Coinbase Review

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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.

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