Our Assessment of Coinbase
Coinbase is a medium-risk cryptocurrency exchange with a TU overall score of 6.6/10. This review evaluates the trading opportunities provided by the platform, incorporating feedback from Coinbase users. Expert Anton Kharitonov advises potential users to thoroughly analyze its pros and cons before opening an account, as not all clients have reported satisfaction.
Overview
Coinbase is a continually evolving cryptocurrency exchange offering:
- Wide range of major cryptocurrencies and tokens
- Free crypto wallet and virtual cryptocurrency card
- Services for beginners and advanced traders alike
👉 Discover why Coinbase remains a top choice for crypto traders
Key Features
Pros
- Diverse selection of tradable cryptocurrencies
- Simple registration and verification process
- Offline storage for all assets
- Robust security measures
- Free e-wallet and virtual card
- Comprehensive solutions for individuals, businesses, and developers
- Strong analytical foundation and unique educational resources
Cons
- No passive income options
- Some information available only in English
TU Expert Opinion
Coinbase offers extensive services through its proprietary platform (web and mobile apps), including trading for cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Key aspects include:
- Standard accounts with minimum deposit of $2 (local currency equivalent)
- Dedicated trading and analytical tools
- Secure ecosystem with offline asset storage
- Multiple payment methods (bank transfers, PayPal) across 100 countries
Challenges:
- Higher-than-average spot and futures trading fees
- Lack of passive income options (staking, yield farming)
- Primarily English-language interface may limit non-English users
Platform Specifications
| Feature | Details |
|---|---|
| 💻 Trading Platform | Proprietary Coinbase Pro (web & mobile) |
| 📊 Account Type | Standard |
| 💰 Supported Currencies | USD or local currency |
| 💵 Deposit/Withdrawal | Cards, crypto, e-wallets, PayPal |
| 🚀 Minimum Deposit | 2 local currency units (e.g., $2) |
| ⚖️ Leverage | Up to 1:10 |
| 📈 Minimum Order | From 0 |
| 💱 Commissions | Spot: 0.5%-0.5% Futures: 0.04%-0.02% |
| 🔧 Tools | 249 supported coins, futures, perpetual contracts |
Security & Regulation (9.5/10)
Strengths:
- Investor protection fund
- Tier-1 regulation
- Cold wallet storage
- 2FA authentication
- US-regulated
Weaknesses:
- Previous hacking incidents
- No facial recognition
Safety Comparison
| Feature | Coinbase | OKX | Kraken |
|---|---|---|---|
| Tier-1 Regulation | Yes | No | Yes |
| Cold Storage | Yes | Yes | Yes |
| Hacking History | Yes | No | No |
Fees Structure (5.05/10)
Trading Fees Comparison
| Fee Type | Coinbase | Industry Average |
|---|---|---|
| Spot (Maker) | 0.5% | 0.15% |
| Spot (Taker) | 0.5% | 0.194% |
| Futures (Maker) | 0.04% | 0.024% |
| Futures (Taker) | 0.02% | 0.053% |
Supported Coins & Markets (6.5/10)
- 249 supported cryptocurrencies
- Basic trading types available
- Limited advanced features compared to leading exchanges
👉 Compare Coinbase with other top exchanges
Mobile Trading (7.85/10)
App Features:
- 2FA protection
- API for automation
- Positive iOS user feedback
- TradingView integration
Limitations:
- No advanced orders
- No copy trading
- No Face ID
FAQ Section
Is Coinbase regulated?
Yes, Coinbase is regulated by Tier-1 financial authorities in the US, UK, and other strict jurisdictions.
Does Coinbase require KYC?
Yes, full KYC verification is required to access all features.
What countries are restricted?
Service is unavailable in Singapore, Iran, and several other sanctioned territories.
Are fiat currencies supported?
Yes, including USD, EUR, GBP, and several other national currencies.
Is there a desktop application?
No, but the web version offers full functionality.
Does Coinbase offer advanced charts?
Yes, through direct TradingView integration with full analytical tools.
Final Thoughts
Coinbase remains a strong choice for security-conscious traders, particularly beginners seeking a user-friendly platform. While its fees are higher than some competitors and investment options are limited, its regulatory compliance and educational resources make it worth considering for active traders.
The platform continues to evolve, and we recommend checking their official website for the latest updates on features and supported regions.