Coinbase Review

What is Coinbase?

Based in San Francisco, California, Coinbase was founded in June 2012. It is a currency exchange service where both customers and merchants can exchange digital currencies such as bitcoin, litecoin and ethereum. They have over 10.6 million users in thirty two countries. There are over 47,000 merchants using the exchange service. They raised $117 million from investors and have exchanged over $20 billion in digital currencies.

Currencies Offered

Coinbase allows you to buy, sell, deposit and withdraw in three digital currencies. Bitcoin, litecoin and ethereum. There are plans to offer Bitcoin Cash, check back here for updates on this.

Account funding

For US customers, you can add funds to your account via bank transfers, credit cards, debit cards and bank wire. For European customers, you can use credit or debit cards, as well as bank transfer via SEPA. For customers in the UK, the same options as the European customers apply, credit or debit cards, or bank transfer via SEPA. For Australian and Canadian customers, credit or debit cards are accepted. For customers in Singapore, bank transfers (via 3rd party) and credit and debit cards are available.

Security

All currency held with Coinbase is fully insured, meaning that if Coinbase were to suffer a breach of their online services, an insurance policy will pay out to cover customer funds lost. Less than 2% of customer funds are held online, the rest is held in offline storage. The Coinbase website itself is very secure, offering 2-factor authentication, adding that extra step of security during the log in process. The website has an SSL certificate (https), meaning all communications between your browser and the website are encrypted. Coinbase offers you full control of your wallets, with private keys on their multi-signature vaults.

Mobile Apps

Coinbase offer both Android and iOS mobile apps, meaning you can have convenient access to your account from anywhere. These are both free to download from both the Google Play store and the Apple App store.

Pros

  • Offer apps for iOS and Android

Cons

  • Few cryptocurrencies offered

Visit Coinbase

Visit Now

Videos from Coinbase

Coinbase Exchange interface overview from Coinbase

Screenshots from Coinbase

Coinbase Screenshot
Coinbase Screenshot 2
Visit Now

Share & Comment

Have you got something to add about Coinbase? Have you used them and want to share your experience? Let us know here!

Summary
BitcoinEthereumLitecoin
Rating
Currencies
Exchange Fee Europe, USA, Singapore 1.49%. Australia, Canada 3.99%
Mobile Apps
Location San Francisco, USA
Founded 2012
Languages
Website coinbase.com
Social Networks
Changelly
Alternative Exchanges

Changelly Review

Changelly offer over thirty five cryptocurrencies along low fees, fixed at just 0.5%. Read Changelly Review
Compare More
Exchanges
Coinbase on Twitter