Coinbase is one of the best investment platforms for crypto trading, staking rewards, and crypto storage. The crypto exchange offering nearly 250 coins and tokens and is great for active real investors who can utilize Coinbase's services, account options, and investment tools.
Relatively high transaction fees Poor customer service
Coinbase's default wallet is a custodial account, with no control over your private keys
Cons
Year Founded
Official website
Cryptocurrencies
Customer Support
2012
Coinbase.com
250+ available
Help page, email, chatbot, live chat
Deposit
Fees
Deposit Method
Crypto licences
$2 minimum
1% Flat Fee
Credit Card, Bank Transfer
AU, DE, GE, CA, IT, JP, SG, US, NL, BM, BG, IE,
Easy user interface for crypto and NFT beginners
Supports an extensive list of cryptocurrencies
Features a native NFT marketplace
Offers passive earning opportunities on over 100 assets
Pros
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Getting started with Coinbase is straightforward. The platform requires extensive information, including your legal name, home address, date of birth, last four digits of your Social Security number/Government issued ID and how you plan to use Coinbase.
These ensure you can comply with federal regulations. Keep reading for a step-by-step guide to signing up for Coinbase.
How to get started with Coinbase?
1. Download the Coinbase app for iPhone or Android, or visit the website.
2. Create an account with your name, email address and strong password and tap “Start”.
3. Verify your email by tapping a link that was sent to your inbox
4. Fill in your information
5. Now you can link your bank account. Search for your bank.
6. Congrats! You’re synced up and ready to go.
FAQ
3. How do you transfer from Coinbase to Binance?
Once in your Coinbase account, click the “Accounts” tab then select the cryptocurrencies you want to transfer. Click on the “Send” button, when prompted to enter the “Recipient Address” paste the Binance wallet address of the associated cryptocurrency you want to send.
4. Is Coinbase Good for Beginners?
Yes. Coinbase is a good choice for beginners as it requires little technical knowledge. Anyone operating an internet-enabled device can easily navigate Coinbase’s interface and trade crypto.
1. Is Coinbase Safe/Legit?
Although there is no 100% guarantee of safety when using any online exchange, Coinbase does pride itself in its extensive security profile. Skeptics will be happy to know that the exchange also ensures online holdings.
2. Which coin will Coinbase add next?
Coinbase covers assets that makeup around 90% of the total crypto market, however, Coinbase is constantly evaluating new cryptocurrencies they believe to be secure and beneficial to their customer base.
Create an account, link your bank account, and start buying & selling.