Coinbase Review 2024: Buy & Sell Crypto Is it Safe? All the Pros & Cons

It supports hundreds of currencies on Base, Ethereum, and Polygon networks. Apart from the trading fees, Coinbase adds a “spread fee” when you buy or sell cryptocurrencies. This spread means the difference between the market price and what Coinbase offers. This compensation may impact how and where products appear on https://www.tokenexus.com/ this site (including, for example, the order in which they appear), but does not influence our editorial integrity. We do not sell specific rankings on any of our “best of” posts or take money in exchange for a positive review. Cryptocurrency has become extremely popular and doesn’t seem to be going away anytime soon.

The trading platform is more interactive, and Crypto.com’s fee structure is more accommodating. This security-focused exchange relies extensively on cold storage options to store user funds. As compared to Coinbase, there are more advanced trading options and tools to work with. There are a variety of methods available to make deposits and withdrawals from Coinbase.

Don’t Like to Read? Watch Our 2-Minute Coinbase Review

Stablecoins, such as USDC and USDT (Tether), were created to merge desirable qualities of cryptocurrencies and conventional/fiat currencies. On the one hand, crypto assets are more dynamic and cost-effective to use across Coinbase Review borders. On the other hand, fiat currencies such as the US Dollar have a less volatile market value. It is a cryptocurrency token hosted on the Ethereum network that is pegged to the value of the US Dollar currency.

Coinbase also uses a maker-taker pricing model, so if you’re adding liquidity to the market (a maker) or taking liquidity (a taker), you’ll be charged a different fee. The offers that appear on this site are from companies that compensate us. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Coinbase doesn’t have the best reputation when it comes to customer service and has actually scored an F from the Better Business Bureau because of it. Multiple types of taxable income can be generated from activities on Coinbase, including capital gains from buying and selling crypto and interest income from things such as staking.

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Coinbase offers a simple entryway to the crypto market suitable for new and experienced traders. By going through a quick and simple account registration and verification process, you can buy and sell popular coins like Bitcoin and Ethereum at the click of a button. Moreover, as popular payment methods such as a debit/credit card, bank transfer and even PayPal are supported, this makes the buying process even more straightforward for newbie entrants. It also simplifies the process of converting cash to crypto, supporting crypto purchases using a bank account, local payment methods, or debit card payments in over 100 countries. To deposit or withdraw money from Coinbase, users must connect their payment method to their Coinbase account.

This compensation may impact how, where and in what order products appear. Bankrate does not include all companies or all available products. Coinbase has really made strides in increasing its customer support. Still, it’s an improvement and notable in an industry where customer support has been an afterthought, if it’s been a thought at all. It’s a regulated company with high security practices, a simple and convenient interface and a decent amount of choice for those who utilize it. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more.