What features does Coinbase have to offer?

Coinbase is a leading cryptocurrency exchange that offers a wide range of features to help traders and investors manage their portfolios. Some of these features include easy-to-use interfaces, advanced trading tools and analytics, 24/7 customer support, and high levels of security and reliability. Refer to the below list for a high-level overview of the key features on Coinbase.

  1. Coinbase offers 234 cryptocurrencies to buy and sell through its exchange.
  2. 24/7 customer support via live chat, email (support@coinbase.com), phone (18889087930), and through multiple online communities including Twitter and Discord.
  3. Earn up to 5.75% APY (Annual Percentage Yields) on many tokens including Ethereum, Cardano, Tether, Dai, USD Coin and Solana.
  4. Borrow up to $1,000,000 USD and use your Bitcoin as collateral for up to 8.72% APY with no credit checks required.
  5. Coinbase One is the professional version of Coinbase for experienced traders, institutional clients, and corporations.
  6. Learn about crypto and take quizzes/courses in order to earn tokens like AMP & GRT for free.
  7. Derivatives trading on Ethereum and Bitcoin in addition to stocks and commodities.
Coinbase: Home Page.
Coinbase: Home Page.

Coinbase Fees Schedule

The exchange prides itself on offering competitive fees and transparency regarding its rates. Whether you're looking to buy or sell crypto, the simple and straightforward fee structure has you covered. With Coinbase, you can easily buy and sell cryptocurrencies using a variety of payment methods, including bank transfers, credit/debit cards, and even PayPal. 

When depositing or withdrawing funds to Coinbase, you are charged standard fees based on your payment method:

  • Bank transfers - 1.49% fee for Coinbase USD wallet deposits/withdrawals; no fees for Coinbase Pro deposits/withdrawals.
  • Credit/debit cards - 3.99% fee for Coinbase USD wallet deposits/withdrawals; no fees for Coinbase Pro deposits/withdrawals.
  • PayPal - 4.49% fee for Coinbase USD wallet deposits/withdrawals; 1.49% fee for Coinbase Pro deposits/withdrawals.

As for the buying/selling (trading) fee, Coinbase charges a flat 1% fee anytime you trade crypto. Additionally, the exchange has wide spreads, meaning that the price you are buying a token at, is significantly higher than the price someone is selling it for.

Coinbase: Fees Schedule.
Coinbase: Fees Schedule.

Does Coinbase offer 24/7 customer support?

One great feature of Coinbase is that they offer 24/7 customer support to their users. Whether you need help navigating the platform, have a question about your account, or are experiencing an issue with a transaction, Coinbase's team is always available to help. Their customer support can be reached via phone, email, and live chat. 

In addition to the phone, email and chat support, the customer service team can also be contacted via one of their social media platforms. The Coinbase support staff can be reached on Twitter, Reddit, Facebook, LinkedIn, TikTok, Instagram & YouTube.

Coinbase: Support Centre.
Coinbase: Support Centre.

Mobile App

Another great feature of Coinbase is that they offer a mobile app for both iOS and Android devices. This makes it easy to quickly check on your balance and manage your transactions from anywhere, anytime. Plus, Coinbase even has an integrated crypto card so you can spend your digital currencies at any merchant that accepts MasterCard via Google and Apple Pay.

The Coinbase app is currently rated 4.7 stars from 1.7 million reviews and is ranked #31 overall in the Finance category on the Apple App Store. On the Google Play Store the application is rated 4.1 stars from 730K reviews.

Coinbase Mobile App: iPhone Screenshot.
Coinbase Mobile App: iPhone Screenshot.

Is Coinbase a secure exchange?

At Coinbase, users can rest assured knowing that the exchange takes security very seriously. They implement strict KYC and AML policies, as well as advanced encryption and monitoring tools to keep users' data and funds safe. Coinbase has never been hacked or compromised since its inception, providing users with peace of mind when it comes to storing digital assets on their platform.

Coinbase has over 108 million registered users and is the largest public crypto company in the world. Furthermore, it does not lend, invest or use users assets and all funds are stored offline in cold storage. Coinbase is  registered as a Money Services Business with FinCEN, and is regulated by FINRA, CySEC and the FCA.

Coinbase Crypto Card

The Coinbase VISA card was the very first cryptocurrency card in the world. It can be used at over 40 million merchants globally and is available at every store that accepts VISA payments. It offers zero transaction fees but a spread applies when users buy, sell, or trade cryptocurrencies. There are absolutely zero annual or hidden fees. The card has a spend limit of $25K a day.

Coinbase: Crypto Card.
Coinbase: Crypto Card.

NFT Marketplace

Coinbase has recently added its very own NFT marketplace, Coinbase NFT. Although, the feature is still in its beta stage and cannot be used to buy or sell NFTs at the time of writing. It has all the popular Ethereum-based projects listed on its marketplace including Crypto Punks, Bored Ape Yacht Club and many more. 

Coinbase Learn Rewards

If you’re new to crypto and want to get paid to learn more about the industry, you’re in luck. Coinbase currently offers a L2E (Learn-To-Earn) feature that allows users to earn tokens for free by completing courses and quizzes about certain cryptocurrencies. You simply need to watch an educational video about a token, then complete a questionnaire that covers the topics you just learnt.

Coinbase: Learn & Earn.
Coinbase: Crypto Card.

Conclusion

If you're looking for a comprehensive cryptocurrency exchange that offers a wide range of services and features, Coinbase is the right choice for you. Whether you're new to the world of digital currencies or are an experienced trader, Coinbase has something to offer everyone. The only downside of this exchange is its fees, so if you want to find an affordable platform to buy crypto, we recommend using Bybit.