Coinbase Guide – Read our In-Depth Coinbase Review
Coinbase Rating: 4.38 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Coinbase review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Coinbase review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the world of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will get proficient at all of the concepts of brokerage as you continue trading. For starters, you need to select the right broker who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program will generate hefty returns. Coinbase is one such stage that will take you and your investment into great heights. It's crucial to understand about Coinbase until you trust them with your money.
Coinbase Guide – Brief Summary
Coinbase Telephone Number:
Coinbase Email Address:
Financial Conduct Authority (FCA)
Number Of Clients:
10,000+ Coinbase users and traders
Coinbase Facebook Likes:
Coinbase Twitter Followers:
Coinbase Instagram Followers:
Your capital is at risk
|Coinbase Telephone Number:|
|Coinbase Email Address:|
|Regulated By:||Financial Conduct Authority (FCA)|
|Number Of Clients:||10,000+ Coinbase users and traders|
|Coinbase Facebook Likes:||0|
|Coinbase Twitter Followers:||0|
|Coinbase Instagram Followers:||0|
Your capital is at risk
Our full Coinbase Review covers all you will need to know about trading with Coinbase. A good broker can multiply your initial investments and give you favourable profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire method to guarantee profits; therefore, you must carefully assess your broker before you select them. It's a common misconception that all agents will be the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
Coinbase is a broker that has forged its way successfully to the broker world. Within this review, we've tried to collate a number of the important aspects of Coinbase. This review can allow you to know whether Coinbase is a good match for your own investments or not. We've attempted to breakdown all of the features and charges for your convenience.
Coinbase Review, Table Of Contents
- Who are Coinbase?
- Benefits Of Trading With Coinbase
- Everything you should know about trading with Coinbase
- Is Coinbase Safe To Trade With?
- Coinbase Risk Disclaimer
- Pro's & Con's Of Trading With Coinbase
- Compare Brokers Similar To Coinbase
- Regulation And Licencing In More Detail
- Coinbase Awards
- Minimum Deposit Required For A Live Account With Coinbase
- Coinbase Commission And Fees Explained
- Compare broker fees against Coinbase
- Coinbase Withdrawal Fees Explained
- Coinbase Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Coinbase?
- Coinbase Customer Support
- Alternatives To Coinbase
- Frequently Asked Questions About Coinbase
Who are Coinbase?
Coinbase is a foreign exchange broker headquartered in United States and provides a range of tools for online trading. Since its start in 1989, Coinbase has emerged as a top-tier player in the industry of online brokerage. Coinbase has an extremely aggressive and full-featured trading website that's focused on forex, indices, metals, shares, commodities.
Over the past 32 years, Coinbase has grown into one of the leading online brokers.
After launching in 1989, their client base has become as large as 10,000+ clients.
Coinbase is the favourite for many dealers.. Our Coinbase review found that they are an superb choice for automated trading options. They're best suited for investors that are searching for an assortment of assets. Social and automated trading options are the core at Coinbase.
Technology plays a substantial role in Coinbase. Coinbase features trading on iPhone/iPad,iOS,. Coinbase is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource section at Coinbase is very enlightening for new dealers since it allows them to get a closer look in the financial markets. Coinbase caters to all types of traders and are a must-have broker for any well-diversified approach to trading.
If you feel that Coinbase is not right for you then at the bottom of this Coinbase review you wil find a lot of alternatives to Coinbase.
Everything you ought to know about trading using Coinbase
Coinbase is a dynamic platform that provides various techniques of online trading. These tools cover the monetary markets considerably. The Majority of the broker platforms provide less approaches than Coinbase
If you would like to trade with Coinbase, you'll need a minimum deposit of $100. This deposit is mandatory if you want to begin trading using Coinbase. This 2021 Coinbase review will guide you clearly about trading with them.
Coinbase is as versatile as any other broker platform. Coinbase is great for traders who want a manageable assortment of low-cost services. The platforms offered by Coinbase are third-party, white-label offerings. All traders may pick from iPhone/iPad,iOS,.
Together with everything, Coinbase has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction has to be kept available. The brokers provide premium customer service that rewards customers with benefits.
Many unprofessional brokers attempt to pressurise users into bigger funding for premium services. Coinbase, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the greater advantages will come along.
Coinbase accounts are available around the world and provides quality service everywhere they have customers. There are some select few countries where Coinbase accounts are not available. Traders in the following countries cannot open or use a Coinbase account:
BR, KR, IR, IQ, SY, JP, US
Is Coinbase Safe To Trade With?
Launched in 1989, Coinbase has been in operation for 32 years, they have a head office in United States.
Coinbase is regulated by Financial Conduct Authority (FCA). These bodies have rules that ensure that trading platforms have measures in place to keep investor's assets secured. This means that Coinbase users don't need to worry about their money as it's segregated and safely stored in established banks. SSL encryption simplifies each user's private information also.
You are able to make use of an option for Two Factor Authentications (2FA) with Coinbase for heightened security. An SMS for the verification code will be sent to your phone. You'll be asked to input this code to log in to your account.
Another concern with financial brokers is in respect to security might be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is much more widespread in the example of Market Maker brokers who compete with customers on the platform.
Coinbase Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Coinbase
Every online trading platform has some pros and cons Coinbase review would be complete without showing both sides. This Coinbase review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Coinbase is trusted by 10,000+ clients
- Coinbase has low minimum deposit requirements
- Coinbase doesn't charge withdrawal fees
- Coinbase doesn't charge inactivity fees
- Coinbase doesn't charge deposit fees
- Coinbase doesn't charge CFD fees
- Coinbase offers social trading
- Coinbase offers trailing stop
- Coinbase offer trading on iPhone/iPad,iOS,
- Coinbase offer 77 trading instruments
- Coinbase offers trading on cryptocurrencies
- Coinbase can communicate in English, and Chinese
- Coinbase does not offer Negative Balance Protection
- Coinbase does not offer Guaranteed Stop Loss
- Coinbase doesn't trade major forex pairs
- Coinbase doesn't trade minor forex pairs
- Coinbase doesn't trade exotic forex pairs
- Coinbase doesn't offer copy trading
Coinbase Review - Compare Brokers Similar To Coinbase
|Coinbase||PaxForex||ATFX||Forex Financial Services|
|Rating||4.38 / 10||6.98 / 10||4.23 / 10||3.16 / 10|
|Headquarters||United States||Saint Vincent and the Grenadines||Cyprus||Australia|
|Regulated By||Financial Conduct Authority (FCA)||Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825||Cyprus Securities and Exchange Commission (CySEC)||Australian Securities and investment Commission (ASIC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Trading in leveraged products may involve a significant level of risk and is not suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.||Your capital is at risk||Your capital is at risk|
Coinbase Review - Regulation And Licencing In More Detail
Coinbase is regulated by Financial Conduct Authority (FCA).
Coinbase, as a business, has a powerful set of rules for ensuring honest trading on its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Coinbase Review - AwardsAt the time of writing this Coinbase review, and despite Coinbase’s impressive offering, the company has surprisingly not garnered any other awards to date.
Coinbase Trading Platforms
Coinbase are a trustworthy trading platform that has been open for over 32 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any good broker and compare Coinbase with PaxForex, ATFX, and Forex Financial Services
Coinbase Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on Coinbase is $100. This is an adequate amount for people just starting out. It's possible to make more advanced residue as you cooperate. But, ensure you know how to make the most of your cash before investing larger sums.
Coinbase Review - Commission And Fees Explained
Coinbase is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily influenced by the amount of customers they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 types of penalties for this objective.
The first kind of charges to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In such instances, you're paying a spread, financing rate, or a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are those who are charged when you hold a leveraged position for longer than daily.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake on your accounts. They're charged for things like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, Coinbase doesn't charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who often trade, such as daily or weekly trading.
But, non-trading fees billed by Coinbase are relatively lower. Consequently, you are charged more for non-trading activities in your trading account, like withdrawal and deposits. These are not related to the sale and purchase of resources.
This Coinbase review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Coinbase
Coinbase Review - Withdrawal Fees ExplainedCoinbase doesn't charge withdrawal fees
Withdrawal of money is possible at any time from the Coinbase account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't necessarily have to have any cash in your accounts.
In addition, the withdrawn money will be moved directly to the account you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn cash will be sent to the card. Coinbase will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are choosing to draw in.
Coinbase Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your mind when open an account with Coinbase. An inactivity fee is an amount charged to registered dealers who haven't participated in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee differs from one broker to another and is not generalized. If a dealers account does not have a buying or selling trade, it's claimed by the agent as an inactivity charge. The traders have to pay this commission under conditions and terms that they had consented while registering.
Coinbase doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges are implied by Coinbase, it is better for you to close the account if you are inactive. Inactivity fees are not just charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is subjected to many conditions and needs to be disclosed clearly by the broker beforehand.
Coinbase Review - Deposit Fees Explained
When you move money into your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this operation.
Coinbase doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the Coinbase trading platform is simple. You just have to finish a single-user profile questionnaire to start depositing money into your trading account. You will need to provide an identity proof and evidence of residency to deposit large amounts.
Coinbase Review - Compare Broker Deposit Methods
What Can You Trade With Coinbase?
Note: Coinbase provides many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may be different based on the country of residence of the client.
Coinbase has a wide variety of over 77 instruments available for you to trade with.
If trading currency pairs is of interest to you then Coinbase offer over currency pairs.
Compare Coinbase, PaxForex, ATFX & Forex Financial Services below.
Reviewing The Coinbase Mobile App
Note: Coinbase's mobile app has many functions and is being constantly improved. The below information was correct at the time of writing this Coinbase review.
Understand the capabilities of the mobile apps of Coinbase, PaxForex, ATFX & Forex Financial Services below.
Coinbase Customer Support
As part of our Coinbase review we understood the options for customer service, response times and the Coinbase trading platform problems solution effectiveness. Coinbase provides support in a wide range of languages, including English, and Chinese.
Coinbase Live Chat Support
We tried the live chat on Coinbase and it works well. We made a request via Coinbase livechat through their app and website and received a response in less than 20 seconds. Sometimes , there was no response.
We tested communicating via Coinbase support in multiple languages and in various countries. Coinbase were successful in resolving client's issues.
Coinbase Phone Support
We made a call to Coinbase and the call was answered very promptly. The call was answered within less than 5-10 minutes.
The Coinbase phone support team were able to successfully address our questions and concerns via phone. We tested the multilingual Coinbase team by calling in varying languages. Coinbase made an effort to ensure our queries were answered.
Overall the phone support from Coinbase was good.
Coinbase Email Support
We sent several email to Coinbase and the response times were all good. The fastest email response time from Coinbase was 3 hours, while the longest response time was 3 days! Sometimes there wasn't a response. Response times to support may differ for you at Coinbase, however, we've had the experience of sending out 10 emails at various times.
The team resolved and answered our questions. Overall average email support from Coinbase was good.
Alternatives To Coinbase
If, after studying this Coinbase review, they do not fulfill your requirements check out these Coinbase alternatives.
We have scoured the web to find the best alternatives to Coinbase. Click on the links below to learn more.
Frequently Asked Questions about Coinbase
Can I try Coinbase before I buy?
Yes, you can most certainly try Coinbase before you buy. Coinbase offers demo accounts for the ease of new traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register for a demonstration account on Coinbase, you may set out with a decent amount of virtual money. It is to establish a feeling of safety and confidence in you before you decide to spend your own money.
With this virtual Coinbasedemo account, you are able to experiment in any way, to whatever period you desire. You might even open positions, test different trading strategies, and more.
Coinbase specifies on its official site that you are able to trade real time stocks with your demo account.
Is Coinbase safe?
It is possible to drop all of your worries because we believe that Coinbase is totally safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA).
Nevertheless, Coinbase does not provide assured stop-loss protection.
Why does Coinbase ask for my passport?
The reason that Coinbase asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Coinbase has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Coinbase must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Coinbase?
The process to start trading withCoinbase is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Coinbase website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Coinbase is $100. You should have a good understanding of the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Coinbase.
The best way to kickstart your trading career with Coinbase is to open a demo account facility before risking any real money
What funding methods do Coinbase accept?
There are a number of ways to finance your accounts with Coinbase. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must keep in mind that PayPal isn't available in all country. The currencies Coinbase
Is my money safe with Coinbase?
Yes, your money is safe and secure with Coinbase. As you already know, Coinbase operates with good conformation to. It has established lots of measures to guard all its own investors.
Coinbase protects its customers' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further safeguard your account, it is possible to enable Two-Step Verification also. It takes an SMS confirmation for you to access your account.
Is Coinbase trading good?
Yes, trading via Coinbase is a pleasant and decent experience indeed. It's an excellent and intuitive platform with helpful features for your ease. In addition, you could even gain access to a huge selection of educational tools and assistive material to kickstart your trading experience.
If you are still skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does Coinbase support?
Coinbase operates across the world. However, due to regulations there are some countries that Coinbase can't accept clients from BR, KR, IR, IQ, SY, JP, US
Is Coinbase legit?
Coinbase is a legit company headquarted in United States since 1989. They are regulated by Financial Conduct Authority (FCA). Coinbase is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Coinbase a good broker?
Coinbase is a great agent, and its users may vouch for it. The highlight of this platform is its quick order execution on trades.
You will discover the clean layout of the platform along with the admirable features that a pleasure to work with.
Is Coinbase a trustworthy broker?
Yes, Coinbase is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Coinbase?
The minimum deposit to open a live account with Coinbase is $100
How long do Coinbase withdrawals take?
Normally, withdrawal of money from Coinbase is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Coinbase to show in your bank account.
Are Coinbase regulated?
Coinbase are regulated by Financial Conduct Authority (FCA)
Is Coinbase a market leading broker?
Coinbase is currently among the industry leaders. It supports over 10,000+ registered customers and over 32 years of expertise on its record. They are among the world's top trading platforms and a dominant figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad selection of tools plus resources so you can put money into capital markets.
Is Coinbase a con?
No, Coinbase is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that Coinbase is not a scam.
Can you make money with Coinbase?
Using Coinbase, several traders make a great deal of cash. However, typically, through continual trading, you also can make between 2% - 10% profit a month.
This can look to be a small number, but within the entire year, this adds to a substantial number of gains. Even though Coinbase supply you all of the tools to earn money, they cannot guarantee you will profit.
Does Coinbase have fees?
Yes. To start trading using Coinbase, you need to deposit $100. Certain commissions while trading additionally applies. Any processing fees from your bank might have to be incurred by you.
When was Coinbase founded?
Coinbase was founded in 1989 in United States. Coinbase is regulated by Financial Conduct Authority (FCA).
How many people use Coinbase?
Coinbase is a worldwide recognised agent with 10,000+ clients.
Where is the Coinbase head office?
Coinbase has its head office in United States
Does Coinbase offer negative balance protection?
No. Coinbase doesn't offer negative balance protection. If your balance is negative, Coinbase indicates you promptly contact client services. With this, you are able to correct any imbalances in your own account.
Does Coinbase offer guaranteed stop loss?Coinbase unfortunately, doesn't provide guaranteed stop loss. Coinbase gives a chance for its traders to close their trade at their given price. Apart from that, Coinbase does not provide guaranteed stop loss.
Does Coinbase allow scalping?Yes, Coinbase do allow scalping. Several traders throughout the world choose Coinbase due to their services that are trading. They offer trading on iPhone/iPad,iOS, which let this.
Does Coinbase allow hedging?
Yes, Coinbase does allow hedging.
Can you trade energies with Coinbase?
No, unfortunately you cannot trade energy stock with Coinbase
Can you trade agricultural shares with Coinbase?
No, unfortunately you cannot trade agricultural stock with Coinbase
Can you trade cryptocurrency with Coinbase?
Yes, you can trade cryptocurrency with Coinbase
Can you trade metals with Coinbase?
No, unfortunately you cannot trade metals with Coinbase
Can you trade UK Shares with Coinbase?
No, unfortunately you cannot trade UK shares with Coinbase
Can you trade US Shares with Coinbase?
No, unfortunately you cannot trade US shares with Coinbase
Can you trade Japanese Shares with Coinbase?
No, unfortunately you cannot trade Japanese shares with Coinbase
Can you trade German Shares with Coinbase?
No, unfortunately you cannot trade German shares with Coinbase
Does Coinbase accept bank transfers?
Yes, Coinbase accepts bank transfers for depositing money.
Does Coinbase accept credit cards?
Yes, Coinbase accepts credit cards for depositing money.
Does Coinbase accept PayPal?
No, Coinbase does not accept PayPal.
Does Coinbase accept Skrill?
No, Coinbase does not accept Skrill.
Does Coinbase accept Payoneer?
Yes, Coinbase accepts Payoneer for depositing money.
Does Coinbase accept Neteller?
No, Coinbase does not accept Neteller.
Does Coinbase offer Live Chat customer support?
Yes, Coinbase offers customer support through live chat.
Does Coinbase offer phone customer support?
Yes, Coinbase offers customer support over the telephone.
Does Coinbase offer email customer support?
Yes, Coinbase offers customer support through email.
What languages can Coinbase communicate in?
Coinbase has the ability to communicate and support customers who speak: English, and Chinese
Does Coinbase have a wikipedia page?
No, Coinbase does not have an official wikipedia page.
Does Coinbase offer demo accounts?
Yes, Coinbase offers demo accounts so you can learn their systems before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of Coinbase's features before signing up for a live account.