The Coinbase review is not only useful but quite essential, especially for someone who is interested in using the platform but is new to the crypto space. Coinbase is a US-based cryptocurrency exchange and was established in 2012. It is arguably the largest and one of the best crypto platforms in the United States.
However, the success and recognition that Coinbase has is not only limited to the USA. It is known and used quite widely, all over the globe. It extends it services to more than 100 countries and has more than 43 million users.
It is one of the best crypto exchanges for beginners and experts alike and offers several other outstanding features as well.
Therefore, if you are interested in using this platform to buy or trade crypto then here is a brief Coinbase exchange review with some major aspects about the platform.
Coinbase Review – Suitable for Beginners
As mentioned above, the Coinbase exchange is one of the best exchanges in the market as it is suitable for people who are new to the crypto space. This exchange not only has a simple and easy to navigate user interface but it also features educational content, videos and guides for the beginners. The users who are new to the crypto space and know little or nothing about crypto trading can use the available educational material and familiarize themselves with the important concepts.
They can then also take online exams and can start trading by applying some of the basic trading strategies. Therefore, if you are new to the crypto space and don’t know much about crypto trading you can learn about it on Coinbase.
Suitable for Experts
This brief yet essential Coinbase exchange review talks about major aspects of the platform such as its Coinbase Pro feature.
This feature is specifically designed for the experienced crypto traders. Therefore, when it is said that the exchange is suitable for beginners and experts, it does not only refer to the user interface of the platform. It also means the different features offered by the exchange.
The Coinbase Pro version is for the advanced crypto traders who look for advanced trading tools and want to make complex trades. The users of this version can also trade more than 50 digital currencies directly for:
Is Coinbase a Secure Exchange?
This brief Coinbase review talks about one of the most important aspects of the platform, which is the security offered by the platform. The safety and security offered by an exchange should be the topmost concern of every person who is looking to buy or trade crypto assets for the first time.
Similarly, if you are interested in using the Coinbase exchange you need to know what level of security it offers. This platform is one of the licensed and regulated exchanges in the crypto market, which validates the security offered by the platform.
However, this is not all, as Coinbase also makes use of technologically advanced security systems such as two-factor authentication system. Such security features make sure the accounts and funds of the users are kept safe from any kind of threat and harm.
This exchange is also one of the rarest ones that offers insurance on digital assets.
Supported Payment Method
Payment methods that are supported by an exchange are as important as anything else. This is why, this brief Coinbase review discusses the payment methods supported by the platform.
Some exchanges offer support to a single payment method, whereas, others rely on several payment methods. Such a platform grabs the attention of a larger audience who look for different methods to make payments.
Therefore, if you are interested in using the Coinbase exchange then you need to know that it offers support to several payment methods that are mentioned as follow.
- Credit cards
- Debit cards
- Direct crypto deposits and withdrawals
Fee Structure of the Exchange
Whether you are looking for the best platform to buy crypto or trade it, you should always choose the one that has a fair and transparent fee structure. There are platforms that also include additional charges in their fee structure that are not disclosed to the users beforehand.
However, this Coinbase review focuses on establishing that the fee structure of the platform is fair and transparent and depends on the payment method you choose. The Coinbase Pro follows the maker and taker fee model and charges a fee of 0.50% to both makers and takers.
The Coinbase review mentioned above is brief but it focuses on some of the most important aspects of the platform. As a beginner and potential user of the exchange you need to know the details mentioned above so you can decide whether it is a suitable exchange for you to use or not.