Coinbase Review

Coinbase is a US-based digital asset exchange company which provides a secure online platform for buying, selling, transferring and storing cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum and Litecoin. They support clients from over 190 countries and is currently one of the world’s largest cryptocurrency exchanges.
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User Interface

Their platform has a very basic interface which is similar to what online banking applications look like. It has an updated chart for the three supported digital currencies and a section that shows the details of your wallet including your transaction history column. It has everything that you need to see about your account and with regards to buying and selling.

Supported Coins

Their online platform allows users to buy, sell, transfer and storing digital currencies. Currently, they support Bitcoin, Ethereum and Litecoin.

Payment Methods

Among the methods of payment that they support include credit and debit cards, bank transfers and PayPal. There’s a 3.99% fee when using credit cards.

Limits

The buying and selling limits vary and this will be based on several factors including the payment method that was utilized, age of account, purchase history and other. If you wish to increase your weekly limits, you need to complete several steps including adding a phone number, supplying your personal details, submitting a photo ID and buying/selling cryptocurrencies to establish a purchase history.

Reputation

This company is based in the US and has many subsidiaries around the world. Since it was founded in 2012, it has earned a reputation for being one of the largest cryptocurrency exchanges in the world.

Fees

Their transaction fees vary based on your country or purchase size. For most countries including the USA, Canada and Europe, the fee is 1.49% which is considered to be a competitive rate.

Customer Support

They do not offer phone support but the detailed online support page and the interactive support bot is a good alternative to find the answers to most common questions and inquiries. You can also get in touch with them via email by submitting a request.

Conclusion

If you’re a newbie in buying and selling Bitcoin, Litecoin and Ethereum and looking for an easy way to acquire these cryptocurrencies then Coinbase is a very good exchange to start with. Not only do they have a user-friendly platform but they also have a good support, a well-established brand and other value-added features that other exchanges don’t have.

Coinbase Overview

Website www.coinbase.com
Supported Coins Bitcoin, Ethereum, Litecoin
Deposit Fees 3.99% on credit cards
Transaction Fees 1.49%
Payment Methods Credit/Debit Cards, Bank Transfers, PayPal
Support Email, Automated Bot

How to buy Bitcoin, Ethereum and Litecoin with Coinbase

  1. Register for an account with Coinbase and verify your account.
  2. Choose the cryptocurrency that you want to buy.
  3. Enter the amount that you want to buy with the denomination either via your local currency or the digital currency.
  4. Set the wallet where you want to transfer or get the cryptocurrency.
  5. Choose your preferred payment method.
  6. Confirm the order by clicking on Buy.
Buy/Sell cryptocurrencies with Coinbase!
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