Coinbase review

Coinbase is an originally American online broker where you have the opportunity to trade in crypto currencies. The company was founded in 2012 and has been working hard ever since. Besides the fact that Coinbase is available worldwide for you as a customer, the broker can be used in a total of 102 countries worldwide. In this Coinbase review we will tell you more about the possibilities with this party, what the advantages and disadvantages are of an account, how to create an account, whether Coinbase is reliable and how security is taken care of, how to get in touch with Coinbase, in what ways you can deposit or withdraw money and which crypto currencies are offered to invest in or pay for.

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How are the Coinbase experiences?

The experiences given online by Coinbase reviews are generally positive. Customers indicate that they can make good use of the support and information given at the broker. What seems to be especially nice is that as a customer you can trade in crypto currencies in complete privacy. It is a plus that many different crypto currencies can be used and that there are multiple ways to deposit or withdraw money. Because Coinbase has been operating since 2012, it has also managed to build a good reputation. We have listed the advantages and disadvantages of an account with Coinbase for you below.

The provider is very reliable and safe, several studies and facts prove;
• You can start investing for a small amount;
• The broker offers good and professional customer service;
• The platforms are available in more than 100 countries.

Disadvantages

•  The fees that are requested are relatively high;
•  The number of cryptocurrencies is limited compared to other providers.

Is Coinbase scam: reliability and security

Is Coinbase safe and secure? These should be the first questions you should ask yourself. You want to make sure that your investments and data are in safe hands so that others cannot access them. The broker is regulated by several agencies that oversee compliance with the rules for trading crypto-currency. Because the provider can be used worldwide, there are also multiple parties involved in the regulation of Coinbase. For the security of your account, several technical measures are in place.

What about the regulation and licensing of Coinbase?

For the regulation of the company, there are several agencies involved. Coinbase is based in the United States and is controlled there in various ways. Because there are strict requirements for offering financialële products such as trading in crypto-currencies, it is good to check whether the broker is trustworthy. Coinbase holds a Money Services Business license issued by the Financial Crimes Enforcement Network (FinCEN) and is licensed by the New York State Department of Financial Services. The necessary licenses are also in place for operations in the European Union and the United Kingdom. Here, the company is regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

Use of SSL encryption

Another important point that we have investigated is the security of Coinbase. The connection made between your device and the provider’s servers should be well secured. Your data and assets should be protected as best as possible. That’s why Coinbase’s website uses SSL encryption. SSL stands for Secure Sockets Layer and is a technical feature that allows an encrypted connection to be made. Because the connection is encrypted, no one else can access your data. SSL encryption can be recognized by the padlock next to the address of the website you are visiting.

How to create an account with Coinbase?

Creating an account with Coinbase is very simple. To do so, you can go through the following steps:

1. On the Coinbase website, click on the “Get started”; button.

2. You will see a screen where you have to fill in information such as your name, email address and a password for your account;

3. Next, you will read the terms and regulations to which you must agree;

4. You now click on “Create Account”;

5. You will receive an email containing a link to verify the account;

6. If you click on the link in the email, you will return to the website and be able to log in;

7. You indicate the country in which you live;

8. You enter your phone number and click on the “Send Code”;

9. You will now receive a 7-digit code on your cell phone which you enter into the screen. You will then click “Submit” to continue;

10. The next step is to enter personal information such as your name, date of birth and address. You will also be asked about your employer, your current occupation, your source of income and the purpose you have for the account;

11. After you have clicked on “Submit” again, you will need to identify yourself. You will do this with a valid identity document;

12. The last step is to set a payment method you want to use for depositing and withdrawing money.

Conditions

To open an account with Coinbase you must meet a number of conditions. You must be at least 18 years old and be able to prove this with a valid ID. Furthermore, you must have access to your own funds and be responsible for them. In order to apply for an account, you may be required to provide information regarding your income and financial situation. All information and data handled in the application will be verified by Coinbase. If everything is in order, then permission will be given and you can use the account to invest at the broker.

Account overview

You can choose to open a regular account or a Coinbase Pro account. If you have little experience with investing in crypto currencies, it is advisable to choose a regular account. With it you can get acquainted with trading crypto-currency and have opportunities to learn more about the whole process of buying, selling, paying and withdrawing. If you have more experience then choose a Coinbase Pro account. With this you will have more features and resources available to you to trade in a professional manner. You will have insight into charts, analysis and much more.

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Coinbase app

What is Coinbase account to use for. You can use the account to log in online on a computer and also have the option to download a convenient app. The app is available for smartphones running Android and iOS and allows you to access your Wallet. That is the digital wallet in which you can store crypto currency. This app is very secure and allows you to store many different types of crypto currency. It also allows you to transfer and receive money to acquaintances.

Coinbase payment methods

For depositing money into your account at Coinbase, you can use different methods. The way you want to deposit or withdraw money to your account can make a difference in the processing time of the transaction. Depending on the method you use, Coinbase fees may apply. The table below shows which methods can be used for depositing and withdrawing money and how long a transaction takes on average with the respective methods.

Offerings at Coinbase

The Coinbase offering consists of a good number of different crypto currencies. You have the possibility to buy, sell, deposit into your account and withdraw from your account these currencies. Below you can see which crypto currencies are available for actions at Coinbase:

Customer service

Coinbase offers help in several ways online. You can use the documentation and frequently asked questions to get answers to the questions you have. If you cannot find an answer, you can also contact customer service. This is possible by using a live chat, by sending an email with your question or by contacting Coinbase’s help desk by phone. The customer service team can speak to you as a customer in English and help with all your questions and problems.

Conclusion Coinbase review

Coinbase is a versatile broker for when you are looking for a good party to trade crypto currency. The website and the account you can use are in good order and there is a lot of information available about trading crypto currencies. We noticed that there is excellent support offered by the customer service, which is definitely a plus. It’s good that multiple ways can be used to deposit and withdraw funds, although the fees are sometimes a bit unclear. All in all, Coinbase is a great broker to choose for trading crypto-currencies.

If, based on this Coinbase review, you would like to know more about the provider, you can easily investigate. We offer a comparator here on this page that allows you to compare Coinbase’s information with that of other brokers. By looking at the wants, experience and needs you have regarding online investing, you can easily discover if Coinbase is a suitable party for you to choose as a broker. Once you have made your choice of broker, you can then immediately create an account very easily and quickly get started investing your assets.