Coinbase – Review, fees and cryptocurrencies

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Coinbase Review

Coinbase is an American cryptocurrency exchange, one of the largest cryptocurrency exchanges in the world. The exchange operates under two different brands, Coinbase and GDAX. Coinbase is more likely to specialize in retail customers who kittens buy bitcoin for fiat currencies, and GDAX is a more advanced cryptocurrency trading platform. Since Coinbase is an American cryptocurrency exchange, investors from the United States can freely trade here.

Only a few coins are available on this exchange (their list is much more complete on GDAX). Major cryptocurrencies are available here. BTC, BCH, ETH and LTC. This means that the service is primarily aimed at individuals who feel insecure with cryptocurrency trading and, perhaps, are only taking their first steps in the crypto world. If you want to sell or buy some smaller cryptocurrencies ((Woodcoin, XPA Coin, Yashcoin, Ybcoin, Zatgo Token, or any cryptocurrency with a similar capitalization), you can simply choose another exchange.

Coinbase Commissions

Coinbase Trading Fees
Since Coinbase does not offer the service of exchanging trading pairs, we cannot apply the commission model of “makers and takers” here. However, when buying cryptocurrency from an exchange, the purchase price offered by the exchange is usually slightly higher than the market price. The price premium is not specified anywhere. This is a potential risk for you as an investor. In this regard, we strongly recommend that you conduct your own analysis of the commissions and price differences on this exchange before conducting any operations on it and thinking that this is the best cryptocurrency exchange for you.

Coinbase Withdrawal Fee
Due to the way this exchange functions, withdrawal fees do not matter.

 Deposit Methods

You can deposit at Coinbase by bank transfer or credit card. This may seem especially useful to beginner cryptocurrency investors.

In general, it is worth paying attention to the various fees for depositing fiat currencies on exchanges for bank transfers and credit cards, as they may differ. When making a deposit to this exchange with a credit card, you will most likely pay a commission for the deposit of 4%. This is a considerable amount. If you replenish your account by bank transfer, the commission for the deposit will be 1.5%, which is also decent when compared with the commissions of competitors present in the market.

 

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