Coinbase Review

Coinbase is a U.S. based cryptocurrency exchange.  The company was launched in 2012 and has become one of the biggest exchanges for cryptocurrencies in the world. Coinbase features several different payment methods and multiple different cryptocurrencies besides bitcoin.

The company has served more than 10 million customers and already exchanged more than $50 billion.

How Do I Buy Bitcoin on Coinbase?

Buying bitcoin on Coinbase is fairly easy and can be done within a couple of moments. First of all, you need to sign-up with Coinbase and create your account. After you have joined the exchange you have to create a digital currency wallet where you can store digital currencies.

Connect your payment method of choice to your Coinbase account so you can exchange currencies. Now you can buy bitcoin, Ethereum, and Litecoin via Coinbase.

 

Is Coinbase Safe to Use?

Yes, Coinbase is not only one of the largest digital exchanges, but they also are considered one of the safest. The company is segregating customer funds from company funds and the customer funds are actually stored in separate bank accounts. Even if Coinbase becomes insolvent, your funds will be safe.

Which Payment Methods are Supported by Coinbase?

Coinbase accepts the following payment options: bank account transactions, debit card, and credit card.

 

Which Countries are Supported by Coinbase?

Coinbase offers its services to customers residing in the following countries: Singapore, Australia, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Italy, Jersey, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Canada, and the U.S.A.

Coinbase Fees

Coinbase is charging you exchange and conversion fees for their service. Those fees only occur if you choose to make a transaction. Coinbase displays the total amount of fees below any transaction at any time.

If you just store your digital assets on Coinbase, they will not charge you a usage fee at all.

Are There Any Limits When Purchasing Bitcoin through Coinbase?

For security, regulatory compliance, and fraud prevention, Coinbase is obligated to provide certain limits for account holders. However, you can increase your account limits by providing personal information about yourself.

Coinbase will increase your accounts limits if you provide information about your personal details, phone number, photo ID, and a purchase history of buying and selling currencies at Coinbase.

 

Buy Bitcoin at Coinbase