Who’s Really Behind Coinbase And Why They’re Developing Crypto’s Future

Coinbase is one of the biggest cryptocurrency exchanges in the world with unparalleled trading volume and a long-standing reputation for industry-leading security.

It’s simply one of the best ways to buy Bitcoin and numerous other cryptocurrencies. Based in the United States — San Francisco to be specific — Coinbase has been in operation since 2012 making them one of the earliest adopters and providers of various cryptocurrency-related products. It’s one of the most regulated exchanges in the world and was the first exchange to IPO in early 2021.

Over the years the company has entered into partnerships with a variety of mainstream companies such as Dell, Overstock, Time Inc, which helped solidify them as one of the most trusted organizations in the cryptocurrency community.

​Coinbase Overview

Crypto Premium Score:


Trading Fees:




0.4% (maker), 0.6% (taker)



$5 BTC bonus (USA only)

Ease of use


Deposit methods


Coinbase Pros & Cons



  • New users can earn free crypto through coinbase.com/learn
  • User friendly design with simple buy/sell buttons with clearly indicated prices
  • Diverse and consistently updated choice of coins
  • A strong line-up of products including an exchange, wallet and staking services
  • Fees are right in the middle of industry standards
  • Some complaints about customer service
  • Significant identity verification required

Setting up a Coinbase Exchange Account

Step 1: Create Your Coinbase Account

The first step is to create a Coinbase account by providing basic identity information:

  • First Name
  • Last Name
  • Email Account
  • Creating a secure password
  • Confirming you are 18 years of age or older

Step 2: Verifying Your Email Address

Coinbase will send an email to your account and require email verification.

Step 3: Add a Phone Number

You must add a phone number immediately after validating your email address.

Providing a phone number is required for a 2-step verification. Coinbase will text a 7 digit verification code to your mobile device.

Step 4: Providing Personal Information and Selecting a Payment Method

You must then provide basic information including payment address and your name. In addition, you’ll need to prove your identity by providing a scan of one of the following:

  • Passport
  • Driver’s License
  • Photo I.D.

There’s a little bit of processing time but you should be able to purchase Bitcoin and other cryptocurrencies from Coinbase as soon as you complete the aforementioned steps.

Funding Methods








4-5 Days












1-3 business days




Nearly instant









​Coinbase Software

It is extremely easy to set up a free account on OKX, just follow these steps:

The standard Coinbase offers support for desktop and mobile, which means that Windows, MacOS, iOS and Android users all get access to the site.

Interestingly Coinbase also offers an Advanced Trading dashboard, which is designed primarily for experienced traders but also has the benefit of lower fees. The company also offers a standalone wallet, which is available for mobile users. The Coinbase mobile app is very good (over a million reviews on the App Store with a 4.7 rating) and a great place for new crypto users to get started.

Is Coinbase Safe?

Yes. Coinbase is one of the biggest cryptocurrency exchanges in the world and has a sterling reputation for security. Perhaps most importantly the exchange keeps nearly 99% of its users’ digital assets in offline cold storage.

Coinbase also requires that you validate a phone number by entering a code they send you through a text message. After validating your phone number, it is recommended you set up a more secure 2FA (two-factor authentication) method. Direct text message 2FA is not as secure as they can be hijacked by hackers while your text is in transit.

Coinbase has mandatory two-factor authentication (2FA) on your account, to ensure that your account remains secure. There are other ways to further enhance your Coinbase account security. With security, more is typically better, so you may as well take advantage of all the security features that Coinbase offers.

Upon deleting your account, Coinbase has provided you with the ability to request the information you gave to them in the first place. You can also request that Coinbase deletes the information from their servers. With privacy being a large concern in the lives of individuals, Coinbase gets brownie points for properly handling, and discarding your personal information if that’s something you would like them to do.

Coinbase was the first US crypto exchange to successfully IPO (you can find Coinbase under the COIN ticker) and it’s therefore one of the most regulated exchanges in history.

Are Coinbase Fees High?

Coinbase is one of the biggest crypto on-ramps in the world thanks to it’s easy-to-understand UI and simple sign-up process. The downside is that its fees tend to be on the high side.

Coinbase uses a “flat + percent fee” structure on all of their operations.

 Coinbase has a rather dynamic fee structure depending on the operation taken on the site, ( Buys / Sells / Trades ). They’ve implemented tiered fees depending on the type and volume of the operation. In can seem a little confusing at first but basically Coinbase charges a flat fee for any transactions below $200 while a percentage-based fee for anything over that amount. Here’s a little more on the fee structure directly from Coinbase.

Overall, Coinbase is transparent about their fee structures. It’s broken out with granular articulation which definitely increases the trust factor that we have for Coinbase. All in all, Coinbase runs a tight and exceptional service in the crypto industry—it’s not surprising why they are able to charge the fees that they do. Seasoned cryptocurrency traders may look for exchanges with lower fees but it’s hard to ignore the high amount of trust that Coinbase brings to the picture.

It should be noted that Coinbase Advanced Trade offers a more traditional fee structure with maker and taker fees for trades. The fees are much lower using this method.

Here’s how the flat fees breakdown on Coinbase (if you’re in the USA). These are simple flat fees for purchasing cryptocurrencies:

  • $10 or less = $.99
  • $10-$25 = $1.49
  • $25-$50 = $1.99
  • $50-$200 = $2.99
  • ​What Can You Buy on Coinbase?

    Coinbase enables the purchase of many different cryptocurrencies, including all the majors such as Bitcoin, Ethereum, Ripple and Litecoin. Coinbase is not limited to just the biggest coins, however, and there are some underrated coins on the exchange such as Stellar, DAI, BAT and more. You can even purchase Apecoin on Coinbase. Here’s a look at some of the more notable coins available on Coinbase:

    ​Coinbase Features

    Coinbase offers a wealth of different products in addition to its stellar exchange.

    If you’re looking to earn a yield on coins like Ethereum than you can take advantage of it’s powerful staking services. You can also borrow against your Bitcoin if you need cash.

    The Advanced Trade dashboard also has all the features of the now-defunct Coinbase Pro including the ability to interact directly with the Coinbase order book and make spot and limit orders. You’ll also enjoy much lower fees compared to the normal broker model of buying crypto on Coinbase.

    Coinbase also offers custodial services for high net-worth individuals and institutions if they can’t be trusted to secure their own crypto.

    Finally on the opposite end of the spectrum Coinbase offers their own wallet app, which is non-custodial and lets users interact with DeFi.

    ​Coinbase Ease of Use

    When it comes to the user experience, Coinbase is well-designed for beginners and, as such, boasts an intuitive interface that is easy to navigate without complicated options. The dashboard is elegant and features a navigation bar on the left that provides quick links to the exchange's main features. In addition, Coinbase's users can customize the home page to show their favorite coins on a watchlist to monitor the prices quickly (not offered on Binance for example).

    Users can click on the asset to view a larger chart with crucial information like an asset's overall market cap, recent trading volume, and the circulating supply. Another great feature we found is the buyer sentiment graph which shows the trading activity of other users on the exchange. This is similar to viewing the crypto fear and greed index to visualize investors' sentiment within the market.

    Importantly, buying and selling crypto with Coinbase is simple. Users can enter the amount of fiat currency to spend, review the order, and place a buy/sell order with the connected bank account, debit card, or other payment type linked to the Coinbase account. Combined, the straightforward purchasing options make Coinbase an excellent platform for beginners looking for a user-friendly platform to buy crypto.

    ​Coinbase Mobile App

    Coinbase offers one of the best crypto apps for Android and iOS devices. Like the website app, the Coinbase mobile app offers streamlined functionality, enabling everyday investors to buy and sell crypto easily. Based on 179,000 customer reviews and over 10 Million downloads at the time of writing, the Coinbase IOS app has an excellent rating of 4.6/5.0, which indicates its high reliability and reputation.

    To ensure that our Coinbase review is as accurate as possible, we installed and trialed the Coinbase app. After playing around, we found the app simple, elegant, and very responsive, which is ideal for beginners.

    Initially, users are met with a screen containing quick links to services like buying/selling, the Coinbase card, and the earning platform. Next, investors can find the price of assets just below the quick links. Finally, the trade screen features only the essentials, allowing users to view a basic chart and some information related to the asset.

    ​Customer Support

    Coinbase has worked to improve its customer support over the past few months. For those that may require support, there is phone support, 24/7 live chat, and a ticketing system. In short, there is a good variety of support methods for beginners. We found the support team to be generally responsive and work to get issues resolved as soon as possible. However, some other users have reported lackluster responses from support, indicating that there is still room for improvement.

    ​Coinbase Security: Safe To Use?

    Coinbase is one of the safest places to buy and store digital assets using their online wallet. The exchange features 'bank-like' security measures to ensure customer funds and personal information are kept safe at all times. Two-factor authentication (2FA) is a requirement when setting up a Coinbase account. Furthermore, Coinbase offers resources detailing the best practices for users looking to secure their accounts.

    Based on our research, while the platform itself hasn’t been compromised, Coinbase did previously reveal that over 6,000 customer accounts had been compromised by hackers. Thankfully, Coinbase carries theft insurance meaning that US investors should always be made whole when losing money through no fault of their own.

    Frequently Asked Questions

    Is Coinbase a good exchange?

    Why are Coinbase wallet fees so high?

    Are Coinbase fees worth It?

    Is Coinbase Available In Australia

    Final Verdict and Score

    Coinbase is a reputable exchange in the US that enables users to buy and sell crypto without any fuss. The streamlined app also makes it an excellent choice to manage a cryptocurrency portfolio effortlessly. With a great selection of 241 coins to invest in and multiple payment methods, we could not fault Coinbase for beginners. However, serious crypto traders may find the platform lacking and prefer more advanced trading platforms.

    While writing our Coinbase review, we carefully analyzed the most important aspects of the platform, awarding each with a score. Below, we’ve summarized our review findings.




    4.8 / 5

    Supported Fiat and Deposit Methods

    4.8 / 5

    Supported Crypto & Trading Pairs

    4.3 / 5


    4.2 / 5

    Ease of Use

    5 / 5

    Customer support

    4.5 / 5

    Security Measures

    5 / 5

    Mobile App

    5 / 5

    Who’s Really Behind Coinbase And Why They’re Developing Crypto’s Future
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