Coinbase Review: Key Features in 2024

7.65 / 10
Cryptocurrency exchange
7.7 / 10
Visit Coinbase Show more choices
Available in
Reviewed by
Mileva Stankovic
Senior Writer

18+ Only - Gambling in your location may be forbidden – “you are responsible”.
This site contains affiliate links. If you click on one, we may earn a commission.

In this 2024 Coinbase review, I will examine what Coinbase is, its history, the team, the pros and cons of the platform, and more.

Whether you’re an institutional or retail investor, you don’t want to pay high fees or use a slow trading platform with an inadequate selection of tokens. There are plenty of bad exchanges out there, so it is essential to choose a good one.

Should you consider Coinbase as your exchange? Are the fees reasonable for both retail and professional investors? 

Should you create an account today?

Let’s dive in!

DisclaimerThe information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.

Why Trust Us

CryptoManiaks is your trusted source for an insightful Coinbase review. Our dedicated team meticulously evaluates Coinbase's features, security, fees, and user experience. 

We prioritize transparency and accuracy, drawing insights from hands-on experience as active users of the platform. Count on CryptoManiaks to provide a concise and reliable assessment, guiding you through the nuances of Coinbase. Let us help you make informed decisions in your cryptocurrency journey.


Key Takeaways

  • Coinbase, established in 2012 and listed on Nasdaq, is a trusted exchange with over 100 cryptocurrencies, but it has limited support for altcoins and higher fees
  • Coinbase's customer support has been a common complaint, despite ongoing efforts to improve
  • Founded by Brian Armstrong, Coinbase adheres to stringent licensing and security practices
  • It is utilizing SSL, 2-factor authentication, and AES-256 encryption
  • Coinbase is widely available in supported countries like the US, Canada, the UK, Russia, and Germany
  • While its mobile app is user-friendly, Coinbase's trading fees vary 


Coinbase Review: Homepage


Pros and Cons of Coinbase

I understand you may not have enough time to read my full Coinbase exchange review, so here is an actionable summary to help you.

Pros and Cons of Coinbase
Pros Cons
Coinbase is known for its intuitive and user-friendly interface Coinbase fees are considered relatively high
Coinbase places a strong emphasis on security Coinbase's advanced trading features are limited compared to some other exchanges
Coinbase has expanded its offering to include numerous cryptocurrencies Customer support responsiveness has been criticized for slow response times
Coinbase has a solid reputation and is one of the most trusted and regulated cryptocurrency exchanges in the industry Some features and services may be restricted or unavailable in certain regions
Coinbase offers a mobile app During high-demand periods, Coinbase may experience delays in processing transactions
Coinbase provides educational resources and tutorials for users to learn about cryptocurrencies  



Year founded: 


Fiat Currencies: 

Coins Available: 
Bitcoin Cash
USD Coin
Wrapped Bitcoin
Axie Infinity
Ethereum Classic
The Graph
Enjin Coin
Curve DAO Token
Basic Attention Token
OMG Network
Voyager Token
Perpetual Protocol
Paxos Standard
SKALE Network
Function X
iExec RLC
Badger DAO
Band Protocol
Keep Network
Rari Governance Token
Alchemy Pay
Orion Protocol
Mirror Protocol
ARPA Chain
Assemble Protocol
Harvest Finance
Bounce Token (Old)
mStable USD
Kyber Network
Internet Computer
Origin Protocol
Ethereum Name Service
Mask Network
Adventure Gold
Clover Finance
QuickSwap (Old)
Rai Reflex Index
Wrapped LUNA
Wrapped Centrifuge
Media Network
Vara Network
Liquid Staked ETH
Wrapped Ampleforth
Binance Coin

Products and Services: 
Spot Trading




Reputation and Security 7.0/10

Coinbase scamming will not happen, as they are one of the most trusted and secure exchanges around. However, their customer service is notoriously bad, although they are working to improve this. 

Let’s dive into the details!

Coinbase License and Insurance

Is Coinbase legit? Absolutely. They have a BitLicense, one of the most stringent business licenses for virtual currency activities from the New York Department of Financial Services. 

Furthermore, they are listed on the Nasdaq, forcing them to follow even more rigorous reporting and compliance laws. Along with other U.S. exchanges, they are required to have a Money Transmitter License and comply with anti-money laundering (AML), know-your-customer (KYC), and countering financing of terrorism (CFT) policies. 

Coinbase has insurance against criminal theft of cryptocurrencies, but this does not apply to losing your crypto.

Security Features

Coinbase uses the standard SSL and 2-factor authentication security features. As they also have custody and institutional services, Coinbase uses payment industry best practices for their site. 

Wallets and private keys are stored using AES-256 encryption, an encryption standard that has never been hacked. All accounts must have strong passwords, and be 2FA enabled. 

Coinbase employees are required to encrypt their hard drives, use strong passwords, and enable screen locking.

Complaints Received

According to the Consumer Financial Protection Bureau (CFPB), from June 2020-2021, Coinbase received the most customer complaints compared to the other largest exchanges operating in America, Kraken, and Binance.US. Coinbase received 1,060 complaints while Binance.US received 184 complaints and Kraken 34. 

The CFPB also received 755 complaints about Coinbase’s digital wallet from 2017 to April 2021. For comparison, PayPal and Square received 4,431 and 1,202 complaints, respectively, in that same time period. 

Brian Armstrong discussed the rise of complaints in a 2021 Reddit AMA, saying the market’s recent bull run had overwhelmed their customer support, leading Coinbase to hire more people than the entire customer support team before 2021. He pledged Coinbase would do better. 

Many reviews and complaints cite their lack of actual customer service, with only automated responses to their queries. Their support page is designed to not contact someone. It’s just an endless loop of help articles.


Coinbase is led by Brian Armstrong, a former Airbnb engineer, co-founding with Fred Ehrsam in 2012. Armstrong has been CEO since then. 

Of note, Coinbase with Circle and Bitcoin miner company Bitmain formed Centre, which launched the stablecoin USD Coin, pegged to the US dollar. 

Like many other crypto leaders and executives, Armstrong is active on social media. Coinbase is the first cryptocurrency exchange to be publicly listed on the Nasdaq. 

In May 2020, during the beginning of the Coronavirus pandemic, Coinbase announced they were becoming a “remote-first” company, hence the lack of a formal headquarters.

Supported Countries

Before I move forward with the essence of my Coinbase review, make sure you live in one of these Coinbase supported countries where buying, selling, and conversions are available:

US United States
CA Canada
GB United Kingdom
RU Russia
DE Germany
FR France
IT Italy
ES Spain
UA Ukraine
PL Poland
RO Romania
NL Netherlands
BE Belgium
CZ Czech Republic
GR Greece
PT Portugal
SE Sweden
HU Hungary
BY Belarus
AT Austria
RS Serbia
CH Switzerland
BG Bulgaria
DK Denmark
FI Finland
SK Slovakia
NO Norway
IE Ireland
HR Croatia
MD Moldova
BA Bosnia and Herzegovina
AL Albania
LT Lithuania
MK Macedonia
SI Slovenia
LV Latvia
EE Estonia
ME Montenegro
LU Luxembourg
MT Malta
IS Iceland
AD Andorra
MC Monaco
LI Liechtenstein
SM San Marino
VA Vatican

See All Authorized Countries

Even if you don’t live in one of these countries, other Coinbase features, including sending and receiving crypto, Coinbase Vault, and storing funds, may be available to you.

Exchange Features 8.0/10

Order Types Available

Coinbase offers limit, market, and stop orders. Coinbase does not have any advanced trading options; those are in Coinbase Pro. 

A limit order is an order to buy or sell a specified quantity at a specified price. 

Market orders buy or sell an asset at the best available price of existing orders, usually immediately. 

Stop orders buy or sell if the price gets “worse” than the specified price. 

Staking / Interest-Earning Accounts

Coinbase offers staking for several coins, where you earn interest on your coins, and Coinbase can do whatever they want with the coins. With a proof-of-stake coin like Tezos or Cosmos, you earn a certain percent interest while Coinbase likely earns more; otherwise, they wouldn’t offer this service.

Starting in the latter half of 2021, Coinbase offered ETH 2 staking, allowing users to earn interest on their ETH during the upgrade to Ethereum’s proof of stake model. 

Staking on your own would require a minimum of 32 ETH, so this is a nice option to earn interest on your ETH, but it is locked until Ethereum 2.0 launches. 

Interest rates are less than the interest you would earn if you staked the coin yourself; otherwise, Coinbase would not earn a profit on staking. 

Many exchanges offer staking for Proof of Stake coins, and it's a nice way to earn interest on your crypto without the hassle of using DeFi or delegating to a validator. 

For stablecoins like USDC and Dai, Coinbase may lend these, put them to work in DeFi or use them in leveraged trading. Coinbase may offer more staking in the future. 

Coin Interest
Ethereum 2.0 4.5%
USD Coin 0.15%
Tezos 4.63%
Algorand 4%
Cosmos 5%
Dai 2%

  Interest on Coinbase

Exchange Token

Coinbase does not offer an exchange token to lower fees or invest in. 

However, Coinbase is the only exchange publicly listed on the stock market. Owning Coinbase stock (COIN) does not offer any trading discounts.

Asset Classes

Coinbase only offers spot trading of cryptocurrency. You can hold NFTs in their wallet app but cannot purchase NFTs through Coinbase. 

For more advanced asset trading, Coinbase Pro will have more options for you.

Market Share

Coinbase is the largest cryptocurrency exchange in the U.S. by volume, with ~$4.5 billion in the past 24 hours. 

Internationally, Coinbase ranks in the top 10, eclipsed only by some newer exchanges and Binance.

OTC Desk

An OTC desk acts as a dealer for anyone looking to trade an asset instead of an order book matching buyers and sellers. Coinbase does not offer an OTC desk on its app.


Coinbase has its own cryptocurrency wallet, called Wallet, on the app store. You can keep hundreds if not thousands of ERC-20 tokens in the wallet, and NFTs too. 

The app has a browser tab, allowing you to connect to DeFi apps right from the wallet. You manage your own private keys in the wallet. 

Coinbase Wallet cannot be connected to your bank account to buy cryptocurrencies. Note that there is likely a network fee to transfer crypto to and from Coinbase and Coinbase wallet. 

Don’t forget your 12-word recovery phrase in case you forget your password or lose access!


Coinbase has a variety of educational articles covering crypto basics, how to set up a crypto wallet, and a Coinbase Bytes newsletter. 

They do not have a dedicated academy or part of the app for this.


Coinbase offers Coinbase Earn, where you get free crypto for learning about that crypto, usually $3. Watch a video, answer a question about the video, and earn $1. 

This is educational and also gives you free crypto. The amount varies on the crypto they offer, between $29 and $40. The app will display the offer for the free crypto on the homepage.

Coinbase Review: Learn and Earn Pages


Coinbase’s mobile app does not offer leverage trading. Most exchanges that operate in the U.S. do not offer leverage or no longer offer leverage as of 2021 with increased regulatory scrutiny.

6. User Experience 

Coinbase mobile is a phenomenal trading app. Easy to use, easy to understand, and easy to navigate. 

It was the first exchange I used and is perfect for beginners. I’ve had some problems understanding other exchanges and their apps but no such thing with Coinbase. 

Platform Functionality

Coinbase’s mobile app is very user-friendly for those new to crypto. Coinbase was the first exchange I used, and I didn’t have any problems understanding how to trade or deposit funds. 

Since Coinbase only offers spot trading, there isn’t any confusing trading screen filled with graphs and numbers.

Coinbase Review: Trading Screen

Ranked by the average liquidity of their tokens, Coinbase is 6th out of all exchanges. Meaning you shouldn’t expect large price fluctuations when trading cryptocurrency.

Design and Appearance

Coinbase mobile has one button where you buy, sell, convert, send, and receive crypto, and cash in and out. Its homepage has a section of the latest crypto news, usually five articles within the past day. 

There is also a For You section, with tabs for Education, News, and Get more crypto. These articles cover account security, introductions to NFTs, bank usage of stablecoins, and much more. 

Coinbase Review: Trade Button Options

Registration Process

The registration process for Coinbase was easy and quick. For U.S.-based users, a driver's license is all you need to verify your ID. The verification process should be done within a day. 

Those outside the U.S. can use a government-issued photo ID, national identity card, and passport. 

Uploading a picture of your ID is best done using your phone’s camera on Coinbase’s mobile app.

Fees 7.0/10

Coinbase trading fees are not the cheapest. There are Coinbase fees for transactions and fees for some payment methods. Coinbase does not have an exchange token to lower fees. Coinbase transaction fees are subject to fluctuation, with a flat fee for the smaller transaction amounts in the table below. 

Trade Amount Flat Fee
<$10 $0.99
$10-$25 $1.49
$25-$50 $1.99
$50-$200 $2.99

Coinbase trading fees


Above these transaction amounts, Coinbase will charge a variable fee which can change depending on the day, cryptocurrency and buying method. 

For example, buying $1,000 of BTC would have a $14.68 fee or a 1.468% fee. A much higher fee compared to Binance or Coinbase Pro, Coinbase’s professional trading platform. 

Overall, Coinbase charges a 0.5-10% fee, with the 10% fee only for the smaller transactions above. Coinbase does not display its fee schedule on its website.

There may be fees for specific payment methods too. However, hooking your bank account up to Coinbase via an ACH transfer is the best option as it has no fee. 

Coinbase does not offer margin trading, so there are no Coinbase margin fees.

Payment Method Fee
U.S. bank account or Coinbase wallet 1.49%
Debit card 3.99%
Instant card withdrawal Up to 1.5% (minimum $0.55)
Wire transfer $10
ACH transfer  Free
Crypto conversion 2%

  Margin fees

Payments 10.0/10

Coinbase Review: Payment Method Options

Deposit and Withdrawal Methods

Cashing in and cashing out are available using the same button as buying or selling crypto. There aren’t any Coinbase deposit fees using the below deposit methods. 

Deposit Methods

Bank Account
Link your bank account to buy crypto, with buy orders being processed instantly. Coinbase recommends this.

Wire transfers
For investing large amounts without limits. It is recommended for purchases greater than $25,000.

Gift Card
Redeem a Coinbase gift card. These are typically small amounts, and the funds are added directly to your account.

Withdrawal Methods

Coinbase withdrawal is easy and fast. Coinbase fiat withdrawals are easily made with your bank, taking one to three business days without any fees. 

You can also add a Visa or Mastercard debit card, transferring instantly for free. PayPal and wire transfers are also options. 

Coinbase minimum withdrawals depend on the coin being withdrawn, as do the Coinbase withdrawal fees.

Pairs Available

Coinbase has hundreds of trading pairs available, over 300 at the time of this writing. Almost all of their crypto listed can trade against fiat, BTC, and ETH.


The Coinbase minimum deposit depends on the payment method you are using. See the table below for more information. The same is true for the Coinbase withdrawal limit.

Transaction method Limit
Bank purchase/deposit $35,000 per day
Card purchases $7,500 per week
PayPal purchases $1,000 per day
Apple Pay purchases $7,500 per week
Google Pay purchases $7,500 per week
PayPal withdrawals $25,000 per day
Instant Sends $1,000 per day
Wire Transfers No limit

  Coinbase limits

Customer Service 5.0/10

Coinbase is notorious for having poor customer support. On mobile and computer, their customer support page makes it very difficult to contact an actual person.  

You have the option to submit a request or chat with a virtual assistant. The only way to talk to someone is in the emergency you need to lock your account or need Coinbase Card US support. 

Not having live chat with a real person is a major disappointment, as crypto can be confusing, and problems can quickly arise. However, as mentioned earlier, Coinbase is hiring more customer support staff to improve its service.

Noteworthy Features 10.0/10

Coinbase has various tools and apps for businesses, institutions, and traders, including Coinbase Prime, Coinbase Pro, Coinbase Bytes newsletter, a Visa Debit Card, and others. 

Compared to other exchanges, like Binance or Kriptomat vs. Coinbase, Coinbase has higher fees and is more prevalent in the United States. At the same time, Kriptomat is based in Estonia, and Binance is the largest international exchange.

Is Coinbase safe? Absolutely- Coinbase keeps 98% of their coins in cold storage, meaning hackers cannot access the vast majority of their (your) funds. This is a significant feature as they own the private keys to your coins, not you. 

Coinbase Review: Final Thoughts

Coinbase emerges as a user-friendly and widely embraced cryptocurrency exchange. Its intuitive design makes it an excellent entry point for beginners in the crypto world. It supports a variety of cryptocurrencies, including popular ones like Bitcoin and Ethereum. On the positive side, Coinbase places a strong emphasis on security. It incorporates two-factor authentication and provides insurance coverage for stored digital assets. The mobile app adds convenience, enabling users to trade and manage portfolios on the go.

However, there are potential downsides, notably higher fees compared to some alternatives. Users should be mindful of transaction costs, especially for smaller trades. The platform's responsiveness to market volatility has also faced occasional scrutiny. Carefully consider fees and remain vigilant in the dynamic crypto market.

Frequently Asked Questions

How do I sign up for Coinbase?

To join Coinbase, visit their official site, click "Sign Up," and provide your name, email, and password. Confirm your account through the verification email sent to you. After confirmation, complete identity verification, which may involve submitting a photo ID. 

Once verified, you can securely engage in buying, selling, and storing various cryptocurrencies through Coinbase's user-friendly platform.

What cryptocurrencies can I buy on Coinbase?

Coinbase boasts support for over 50 cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). 

Constantly expanding its offerings, Coinbase introduces newer additions such as Cardano (ADA), Polkadot (DOT), and Chainlink (LINK). This broad selection caters to the preferences of both beginners and experienced traders, solidifying Coinbase's standing in the crypto market.

Is Coinbase safe and secure?

Coinbase is renowned for its robust security measures, ensuring a safe environment for users. Employing offline cold storage wallets for the majority of digital assets minimizes hacking risks. 

Encryption protocols, two-factor authentication (2FA), regular security audits, and a dedicated cybersecurity team further fortify the platform. With Coinbase, you can trust that your cryptocurrency assets are in capable and secure hands.

How much are the fees on Coinbase?

Fees on Coinbase vary by transaction type and region. Generally, buying or selling cryptocurrencies incurs a fee, typically around 1.49% in the United States. However, fees may differ by country and can change due to market conditions. 

For accurate and up-to-date information, it's advisable to check Coinbase's official website. Always be informed about the latest fee structure to make well-informed decisions regarding your transactions.

Does Coinbase have a mobile app?

Certainly! Coinbase prioritizes user convenience, offering a user-friendly mobile app for both iOS and Android devices. The app empowers users to seamlessly buy, sell, and trade cryptocurrencies on the go. 

Real-time price tracking, secure wallet management, and instant notifications enhance the mobile experience, allowing users to stay connected to the crypto market anytime, anywhere.

What withdrawal and deposit options does Coinbase offer?

Coinbase provides versatile withdrawal methods like traditional bank transfers. Deposits are equally diverse, accepting credit/debit cards, bank transfers, and digital wallets like Apple Pay and Google Pay. This extensive range allows users to seamlessly manage their funds based on their preferences.

About CryptoManiaks
Face 1
Face 2
Face 3
Face 4
Face 5
Face 6

We are CryptoManiaks.  Collectively, we have over 25 years of experience in the crypto world and are all passionate about guiding people through the complex world of crypto investing.

Written by

When Mileva invested in Bitcoin at the end of 2017, she never believed she’d end up becoming so focused on fintech. Still, cryptocurrencies have become her passion and she decided to take it up a notch. She navigates the realms of gambling, fintech, and the written word with ease and loves every minute of it. When she’s not working, she spends her time on CryptoPanic, planning her next move, cooking, baking, or working in her garden. She also plays Texas Hold 'em with a passion. 

They Already Trust Us
Have some crypto questions?
Find the answers