Coinbase is a widely used cryptocurrency exchange, and it is especially well-liked by inexperienced investors. You may buy and sell Bitcoin, Ethereum, 비트겟 , Ripple, Bitcoin Cash, and many more on the platform. A user’s cryptocurrency holdings on Coinbase are stored in an account similar to one at a traditional financial institution. Over 43 million people are actively trading on the cryptocurrency exchange, which serves customers from 100 different countries. Coinbase is a major bitcoin trading platform.
Extensive collection of cryptocurrencies
For American investors, there aren’t many other cryptocurrency exchanges that provide as much variety as Coinbase. Trading is possible with over 150 different cryptocurrencies, from Bitcoin (BTC) and other large coins to smaller and younger digital tokens.
Simple and superior trading
Within your Coinbase account, you will find both a basic and a complex trading platform. The user-friendly interface of the “simple trade” option makes it a popular choice. Limit orders, live order books, and charts are just some of the extras available with advanced trading.
Coinbase debit card
You can use this prepaid Visa debit card, which is linked to your Coinbase account, to buy and sell bitcoins. If you have a Coinbase Card, you can use it to earn cryptocurrency and then choose which cryptocurrency you want to use your earnings on. Up to 4% cash back is possible in this manner.
Users of Coinbase’s Learn platform are rewarded in cryptocurrency for their efforts. Lessons typically range from $1 (£0.77) to $5 (£3.85) worth of whichever coin users are learning about, and they are all interactive and can be completed in less than 10 minutes.
What needs to change?
Fee structure is complicated.
Coinbase’s fee structure is needlessly complex and unclear. Trading fees on the exchange vary between the basic trade and the sophisticated trade modes. The rates for complex trades are transparent and reasonable, while the expenses for basic trades are hidden until you preview the transactions.
Rewards chances are limited.
Although we like Coinbase’s rewards programme, we are disappointed by the limited number of cryptocurrencies that qualify. It is possible to find a better rewards programme elsewhere, such as at an exchange that offers greater rates or lets you earn interest on a wider variety of digital assets.
High fees on simple trades and staking
The fees for simple trades are rather costly, especially for those that are less than $200. You can at least cut costs by opting for the more advanced option of advanced transactions. If you use Coinbase’s staking services, they will additionally deduct a sizable fee. There is a 25% fee added to your staked cryptocurrency balance when you use Coinbase. That’s a higher cost than you’d generally incur if you staked the cryptocurrency yourself.