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Coinbase Guide – Read our In-Depth Coinbase Review

This Coinbase review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Coinbase review does not apply to US users.

This Coinbase review contains the latest information about Coinbase.

If you're a new entrant in the world of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You will get proficient at all the concepts of brokerage as you keep trading. For starters, you need to choose the right agent who'll be transparent with you always.

Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program will create hefty returns. Coinbase is just one such platform which will take you along with your investment into great heights. It is important to know about Coinbase before you trust them with your cash.

Coinbase review

Our entire Coinbase Review covers everything you will need to learn about trading using Coinbase. A fantastic agent can multiply your first investments and give you favorable profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing goals.

There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully assess your broker before you select them. It is a frequent misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.

Coinbase is a broker which has paved its way successfully to the brokerage world. Within this review, we have attempted to collate some of the important facets of Coinbase. This review can allow you to know whether Coinbase is a fantastic fit for your investments or not. We have tried to breakdown all of the qualities and fees for your convenience.

Coinbase Review, Table Of Contents

Who are Coinbase?

Coinbase is a foreign exchange broker headquartered in United States and provides a variety of instruments for online trading. Since its start in 1989, Coinbase has emerged as a top-tier player in the industry of online broker. Coinbase has a highly aggressive and full-featured trading website that is focused on currency, indices, metals, sharesand commodities.

Over the past 32 years, Coinbase has grown into one of the leading online brokers.

After establishing in 1989, their customer base is becoming as big as 10,000+ clients.

Coinbase is a favorite for many dealers.. Our Coinbase review discovered that they are an excellent choice for automated trading solutions. It is most appropriate for investors that are looking for an assortment of assets. Social and automated trading solutions are the core at Coinbase.

Technology plays a substantial role in Coinbase. Coinbase features trading on iPhone/iPad,iOS,. Coinbase is fair, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA). Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.

The educational section at Coinbase is very insightful for new traders since it permits them to get a closer look in the financial markets. Coinbase caters to all types of traders and are a must-have broker for any well-diversified approach to online trading.

Benefits of doing online trading with Coinbase?

Trading with Coinbase comes with many benefits. These advantages are what sets Coinbase ahead of all other online brokers. You should check all of the benefits listed so you have a better comprehension of Coinbase.

The broker goes to great lengths to comprehend what traders need. As a result, the service cost is low, fast, and convenient. The agent also provides a variety of platforms for all types of traders. Coinbase helps to ensure that the individual needs of all online traders are completely met.

Coinbase also features excellent trading conditions which are available to only an elite group of institutional customers. The tight spreads and fast executions are a fantastic benefit for those traders. The technology embraced by Coinbase is of the maximum caliber, making sure that it's fast, reliable, and efficient.

Coinbase admits the significance of owning a fast order execution. A quick execution enables users to trade without fretting about slippage safely. It is going to also aid the traders to grab the maximum profitable opportunities.

Automated trading is another major aspect of Coinbase. A new dealer can learn from business experts utilizing the automatic trading alternative. The tight spread starts from as low as 0.0 pips, even though they are available for just razor accounts.

Coinbase has over 77 trading tools to support all types of traders. These instruments are lively and convenient for both new and seasoned traders. The traders can put aside all their concerns when trading with Coinbase.

Coinbase overview

Year Founded: 1989

Regulated By: Financial Conduct Authority (FCA)

Hedquarters: United States

Minimum Deposit: $100

Number Of Clients: 10,000+

Your capital is at risk

If you feel that Coinbase is not right for you then at the bottom of this Coinbase review you wil find a lot of alternatives to Coinbase.

Everything you ought to know about trading using Coinbase

Coinbase is a dynamic platform that offers various procedures of trading online. These instruments cover the monetary markets considerably. Most of the brokerage platforms provide fewer approaches than Coinbase

If you would like to trade with Coinbase, you will need a minimum deposit of $100. This deposit is mandatory if you would like to begin trading with Coinbase. This 2021 Coinbase review will direct you easily about trading with them.

Coinbase is as versatile as another broker platform. Coinbase is great for traders who want a manageable variety of low-cost services. The platforms provided by Coinbase are third-party, white-label offerings. All traders may choose from iPhone/iPad,iOS,.

Together with everything, Coinbase has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a transaction must be kept available. The brokers offer premium client service which rewards clients with advantages.

Many unprofessional brokers attempt to pressurise users into larger funding for premium services. Coinbase, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the further advantages will become available.

Coinbase accounts are available all over the world and provides excellent service wherever they have customers. There are a few countries where Coinbase accounts are not available. Traders in the following countries cannot open or use a Coinbase account:

Is Coinbase Safe To Trade With?

Established in 2006, Coinbase has been open for 32 years, they are headquarted in United States.

Coinbase is regulated by Financial Conduct Authority (FCA). These bodies have rules that mandate that trading platforms have measures in place to keep investor's resources secured. This usually means that Coinbase users do not need to be worried about their money since it's segregated and safely stored in established banks. SSL encryption simplifies each user's private information also.

You are able to make use of an option for Two Factor Authentications (2FA) with Coinbase for heightened safety. An SMS for the verification code will be sent to a mobile phone. You will be required to enter this code to log into your account.

Another concern with fiscal brokers with regards to security might be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is much more widespread in the case of Market Maker brokers who compete with users on the platform.

Pro's & Con's Of Trading With Coinbase

Every online trading platform will have some pros and cons Coinbase review would be complete without having a balanced approach. This Coinbase review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Coinbase Pro's

  • Coinbase is trusted by 10,000+ clients
  • Coinbase doesn't charge inactivity fees
  • Coinbase doesn't charge deposit fees
  • Coinbase doesn't charge CFD fees
  • Coinbase offer trading on iPhone/iPad,iOS,
  • Coinbase offer 77 trading instruments
  • Coinbase offers trading on cryptocurrencies
  • Coinbase can communicate in

Coinbase Con's

  • Coinbase does not offer Negative Balance Protection
  • Coinbase does not offer Guaranteed Stop Loss
  • Coinbase charge withdrawal fees
  • Coinbase doesn't trade major forex pairs
  • Coinbase doesn't trade minor forex pairs
  • Coinbase doesn't trade exotic forex pairs

Coinbase Review - Compare Brokers Similar To Coinbase

Coinbase Ducascopy Bank Velocity Trade IC Markets
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $100 $5000 $1 $200
Year Founded 1989 1998 2008 2007
Headquarters United States Switzerland Australia Australia
Regulated By Financial Conduct Authority (FCA) Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) Australian Securities & Investment Commission (ASIC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Clients 10,000+ 10,000+ 10,000+ 60,000+
Find Out More
Risk Warning Your capital is at risk Losses can exceed deposits Your capital is at risk Losses can exceed deposits

Coinbase Review - Regulation And Licencing In More Detail

Coinbase is regulated by Financial Conduct Authority (FCA).

Coinbase, as a company, has a strong collection of rules for ensuring honest trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details.

Coinbase Review - Awards

    At the time of writing this Coinbase review, they had not received any awards.

Coinbase Review - Minimum Deposit Required

The minimum deposit you must deposit to begin on Coinbase is $100. This is an adequate amount for people just starting out. It's possible to create more advanced deposits as you go along. However, ensure you know how to make the most of your cash before investing in larger amounts.

Coinbase Review - Commission And Fees Explained

Coinbase is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the number of customers they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three types of fees for this objective.

The first kind of fees to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In such instances, you are paying a spread, financing rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are people who are charged when you hold a leveraged position for longer than daily.

Aside from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake in your account. They're charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.

In general, Coinbase does not charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly trade, such as weekly or daily trading.

But, non-trading fees billed by Coinbase are comparatively higher. Consequently, you're billed more for non-trading activities in your trading account, like deposits and withdrawal. These aren't related to the purchase and sale of assets.

This Coinbase review breaks down every one of the applicable non-trading charges for you in detail.

Compare broker fees against Coinbase

Coinbase Ducascopy Bank Velocity Trade IC Markets
Minimum Deposit $100 $5000 $1 $200
Withdrawal Fees variable No variable No
Inactivity Fees Yes No
Deposit Fees No variable
CFD Fees Yes Yes

Coinbase Review - Withdrawal Fees Explained

Coinbase charges a withdrawal fee when you make a bank transfer. Each time you transfer money into your bank account, these withdrawal fees become applicable.

Withdrawal of money is possible at any moment from your Coinbase account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't always need to have any money in your accounts.

Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn money is going to be sent into the card. Coinbase will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you are withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you are choosing to withdraw in.

Coinbase Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your head when open an account with Coinbase. An inactivity fee is an amount charged to registered traders that have not participated in buying or selling for a while. The period considered inactive is decided by the agent.

The inactivity fee differs from one broker to another and isn't standardized. If a dealers account doesn't have a buying or selling transaction, it's maintained by the broker as an inactivity charge. The traders need to pay this fee under conditions and terms they had agreed while registering.

Coinbase doesn't charge inactivity fees so you are free to use your account as needed

Even if no charges are implied by Coinbase, it's best for you to close the account if you're inactive. Inactivity fees aren't just charged by broker firms but also many financial services.

For other trading platforms, the inactivity fee is contingent upon the type of account you've selected. The inactivity fee is subjected to many circumstances and needs to be disclosed clearly by the agent beforehand.

Coinbase Review - Deposit Fees Explained

When you move money into your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this particular operation.

Coinbase doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the Coinbase trading platform is simple. You simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You will need to give an identity proof and proof of residency to deposit substantial amounts.

Coinbase Review - Compare Broker Deposit Methods

Coinbase Ducascopy Bank Velocity Trade IC Markets
Minimum Deposit $100 $5000 $1 $200
Credit Card Yes
PayPal Yes
Neteller Yes
Skrill Yes
Payoneer No

What Can You trade With Coinbase?

Note: Coinbase provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may differ depending on the country of residence of the client.

Coinbase has a wide variety of over 77 instruments available for you to trade with.

If trading currency pairs is of interest to you then Coinbase offer over currency pairs.

Compare Coinbase, Ducascopy Bank, Velocity Trade & IC Markets below.

Coinbase Ducascopy Bank Velocity Trade IC Markets
Platforms iPhone/iPad, iOS, JForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary Trader, Tablet & Mobile apps Metatrader 4 - desktop, iOS and Android versions available. MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
Instruments Available 77 100 249 232
Forex & Crypto
Forex Pairs Available 15 65
Offers Major Forex Pairs? No Yes Yes Yes
Offers Minor Forex Pairs? No No Yes
Offers Exotic Forex Pairs? No Yes Yes
Offers Cryptocurrencies? Yes No No Yes
Commodity CFD's
Commodities Offered 0 0 0 19
Trade Metals? No Yes Yes Yes
Trade Energies? No Yes Yes Yes
Trade Agricultural? No Yes Yes Yes
Indiced & Stock CFDs
Stocks Offered 0 0 19
Trade UK Shares? No Yes Yes No
Trade US Shares? No Yes No Yes
Trade German Shares? No Yes No Yes
Trade Japanese Shares? No Yes No Yes

Your capital is at risk

Losses can exceed deposits

Your capital is at risk

Losses can exceed deposits

Alternatives To Coinbase

If, after reading this Coinbase review, Coinbase doesn't fulfill your needs check out these Coinbase alternatives.

We've scoured the web to find the best alternatives to Coinbase. Click on the links below to learn more.

Frequently Asked Questions about Coinbase

Can I try Coinbase before I buy?

Yes, you can most certainly try Coinbase before you buy. Coinbase provides demo accounts for the convenience of new traders. You can use this feature to build your faith in the system and yourself and your trading strategies.

If you register for a demonstration account on Coinbase, you will set out using a decent amount of virtual currency. It is to establish a feeling of security and confidence in you before you choose to spend your own money.

With this virtual Coinbasedemo account, you can experiment at all, to whatever length you wish. You might even open positions, examine different trading strategies, and much more.

Coinbase specifies on its official site which you are able to trade real time stocks in a demo account.

Is Coinbase safe?

You can drop all of your worries since we believe that Coinbase is perfectly safe to use. It's in compliance with all the rules of Financial Conduct Authority (FCA).

Nevertheless, Coinbase doesn't provide assured stop-loss protection.

Why does Coinbase ask for my passport?

The reason that Coinbase asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Coinbase has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Coinbase must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with Coinbase?

The process to start trading withCoinbase is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Coinbase website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Coinbase is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with Coinbase.

The best way to kickstart your trading career with Coinbase is to open a demo account facility before risking any real money

What funding methods do Coinbase accept?

There are a number of methods to fund your account with Coinbase. The process is effortless and quick, with different payment methods at your fingertips.

You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to keep in mind that PayPal is not available in every place. The currencies Coinbase

Is my money safe with Coinbase?

Yes, your cash is safe and secure with Coinbase. As you already know, Coinbase operates with proper conformation to. It has established plenty of steps to protect all its own investors.

Coinbase safeguards its customers' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.

If you wish to further safeguard your account, you can enable Two-Step Verification also. It takes an SMS confirmation for you to get your account.

Is Coinbase trading good?

Yes, trading through Coinbase is a pleasant and decent experience indeed. It is a great and intuitive platform with useful features for your ease. In addition, you can even obtain access to a huge selection of educational resources and assistive substance to kickstart your trading expertise.

If you are still skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform on your own.

Which Countries does Coinbase support?

Coinbase operates across the globe. However, due to regulations there are some countries that Coinbase does not accept clients resident in

Is Coinbase legit?

Coinbase is a legit company headquarted in United States since 1989. They are regulated by Financial Conduct Authority (FCA). Coinbase is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is Coinbase a good broker?

Coinbase is an excellent agent, and its own users may vouch for it. The highlight of the platform is its quick order execution on transactions.

You will discover the clean design of this platform and the commendable features that a pleasure to work with.

Is Coinbase a trustworthy broker?

Yes, Coinbase is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for Coinbase?

The minimum deposit to open a live account with Coinbase is $100

How long do Coinbase withdrawals take?

Normally, withdrawal of money from Coinbase is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Coinbase to show in your bank account.

Are Coinbase regulated?

Coinbase are regulated by Financial Conduct Authority (FCA)

Is Coinbase a market leading broker?

Coinbase is currently one of the industry leaders. It supports over 10,000+ registered users and over 32 years of experience on its own record. They're one of the world's top trading platforms and also a prominent figure in the Fintech revolution.

It simplifies this status to its incredible platform and broad selection of tools plus resources so you can put money into capital markets.

Is Coinbase a con?

No, Coinbase is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that Coinbase is not a scam.

Can you make money with Coinbase?

Through Coinbase, many traders earn a lot of cash. However, on average, through consistent trading, you can create between 2% - 10% profit a month.

This may seem like a little number, but over the entire year, this adds to a substantial number of gains. While Coinbase supply you all of the tools to make money, they can't guarantee you will profit.

Does Coinbase have fees?

Yes. To start trading with Coinbase, you need to deposit $100. Particular commissions while trading also apply. Any processing fees from your bank might need to be incurred by you.

When was Coinbase founded?

Coinbase was founded in 1989 in United States. Coinbase is regulated by Financial Conduct Authority (FCA).

How many people use Coinbase?

Coinbase is a globally recognised broker with 10,000+ customers.

Where is the Coinbase head office?

Coinbase has its head office in United States

Does Coinbase offer negative balance protection?

No. Coinbase does not offer negative balance protection. If your balance is negative, Coinbase indicates you contact customer services. With this, you can correct any imbalances within your account.

Does Coinbase offer guaranteed stop loss?

Coinbase regrettably, does not provide guaranteed stop loss. Coinbase provides a chance for its traders to close their trades in their given price. Apart from that, Coinbase doesn't provide guaranteed stop loss.

Does Coinbase allow scalping?

Yes, Coinbase do allow scalping. Many traders throughout the world select Coinbase for their scalping services. They offer trading on iPhone/iPad,iOS, which let this.

Does Coinbase allow hedging?

Yes, Coinbase does allow hedging.

Can you trade energies with Coinbase?

No, unfortunately you cannot trade energy stock with Coinbase

Can you trade agricultural shares with Coinbase?

No, unfortunately you cannot trade agricultural stock with Coinbase

Can you trade cryptocurrency with Coinbase?

Yes, you can trade cryptocurrency with Coinbase

Can you trade metals with Coinbase?

No, unfortunately you cannot trade metals with Coinbase

Can you trade UK Shares with Coinbase?

No, unfortunately you cannot trade UK shares with Coinbase

Can you trade US Shares with Coinbase?

No, unfortunately you cannot trade US shares with Coinbase

Can you trade Japanese Shares with Coinbase?

No, unfortunately you cannot trade Japanese shares with Coinbase

Can you trade German Shares with Coinbase?

No, unfortunately you cannot trade German shares with Coinbase

Does Coinbase accept bank transfers?

No, Coinbase does not accept bank transfers.

Does Coinbase accept credit cards?

No, Coinbase does not accept credit cards.

Does Coinbase accept PayPal?

No, Coinbase does not accept PayPal.

Does Coinbase accept Skrill?

No, Coinbase does not accept Skrill.

Does Coinbase accept Payoneer?

No, Coinbase does not accept Payoneer.

Does Coinbase accept Neteller?

No, Coinbase does not accept Neteller.

Does Coinbase offer Live Chat customer support?

No, Coinbase does not offer customer support through live chat.

Does Coinbase offer phone customer support?

No, Coinbase does not offer customer support over the telephone.

Does Coinbase offer email customer support?

No, Coinbase does not offer customer support through email.

What languages can Coinbase communicate in?

Coinbase has the ability to communicate and support customers who speak:

Does Coinbase have a wikipedia page?

No, Coinbase does not have an official wikipedia page.

Does Coinbase offer demo accounts?

Yes, Coinbase offers demo accounts so you can learn their systems before risking any real money.