Coinbase is one of the popular first stops for beginners when they make their first cryptocurrency purchase. The business name has almost become synonymous with cryptocurrency. It was one of the earliest brokers and exchanges which enabled users to purchase cryptocurrencies. The business was founded in 2012 and now offer a number of different solutions including an exchange for advanced trading, custodian solutions, and institutional services.
Coinbase enables users to purchase and store Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with a number of different payment methods. Users can fund their account with bank transfers, debit cards, or other payment methods. Coinbase Pro is also available to more advanced traders where users can avail of lower fees and will also have access to an order book, depth chart, and recent trades printing.
The exchange is one of the most user-friendly and intuitive to use. The exchange also has a storage solution making it easy for users to store their cryptocurrencies after their initial purchase. Coinbase is very selective about which assets they have and have a framework which they follow closely in their selection. With the wide variety of payment methods offered, Coinbase charges high fees on the buying and selling of cryptocurrencies which vary per method. On Coinbase Pro, there are no fees for market makers with the fees for market takers ranging from 0.1% to 0.3%.
- Established since 2012
- Offers users a wide variety of payment methods
- Wallet solution
- Advanced trader platform
- Limited support of assets
- High fees