Exchanges Coinbase

Coinbase

Exchange overview
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Coinbase is the world’s largest bitcoin broker. It was started in 2012 by Brian Amstrong and Fred Ehrsam. The platform has 12 million registered wallet users with 12 million unique visits every month. An app version of the exchange platform is available for Android and iOS mobile devices. Its widest customer base is in the USA.

Pros

Insurance on all deposits
Easy and fast transaction process
Direct Customer support via telephone

Cons

Forceful account closure in some cases
Tracks account usage and transactions
Bugs and downtime

Countries

Coinbase is available in 32 countries. These are Singapore, Austria, Bulgaria, Denmark, Hungary, Finland, Croatia, Ireland, Czech Republic, Italy, Cyprus, Latvia, Greece, Monaco, Portugal, Poland, Norway, Netherlands, Romania, Sweden, Slovenia, San Marino, Spain, Switzerland and Slovakia with the broadest customer base in USA, UK and Brazil.

Verification procedure

To be able to trade efficiently on Coinbase, users are required to sign up on the Coinbase ewallet. The verification procedure requires you to provide your full names, email address, valid payment method details and sign a user agreement. Further verification procedures may be carried out for high volume transactions.

Payment methods

Coinbase accepts a wide range of payment options including fiat currency, payment via e-wallets, shift payments via debit cards, wire transfer, major credit cards and PayPal. Users may choose to link their bank accounts to their Coinbase bank wallet directly. PayPal is restricted for use by sellers only for receiving payments.

Currencies and transactions

Coinbase supports three main digital currencies: Bitcoin, Ethereum, and Litecoin. Accepted fiat currencies are US Dollar, Euro, and Great Britain Pound. Most transactions are charged a 1% fee and additional payment method related transaction costs.

Software

Users commend the Coinbase software for impeccable user interface and experience that is easy to navigate. All vital user information is accessible via the dashboard. Its design utilizes AES-256 encryption technology to offer keys and ewallet protection.

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