Coinbase is a wallet and cryptocurrency exchange. Full review of the site, deposits and withdrawals, trading on the site.

Exchange Coinbase is a reputable trading platform with a solid trading volume and high capitalization. The crypto exchange allows authorized users to earn money from exchange or trading operations. In addition, the Coinbase online wallet is available to everyone, using which you can safely store cryptocurrencies, observing all the terms and conditions of the service.

Coinbase is a regulated company headquartered in San Francisco. It owns many cryptocurrency services. Start of work - 2012. The company consists of two divisions: Coinbase UK and Coinbase Payments. In most US states, Coinbase has the necessary licenses to operate.

In 2022, Coinbase Payments received a license from the British regulator FCA and the ability to carry out transactions with electronic money (E-money License) in EU countries. The company plans to obtain a banking and brokerage license.

Coinbase is an international platform, but there are regions where clients cannot use the purchase/sale of cryptocurrency. The list of such countries includes Russia, Belarus, and Ukraine. You will be able to register and log into your personal account, but purchase, sale, and verification operations will not be available. A notification will appear stating that the Coinbase exchange is not supported in your country. A list of countries where trading is not prohibited can be found at: www.coinbase.com. You can use the Coinbase cryptocurrency wallet from all countries. Thus, you should choose other exchanges for trading, such as Binance, Currency.com, EXMO, Bybit, FTX, Huobi, OKEx, Bitmex.

Coinbase is actively acquiring various crypto assets. The decentralized exchange Paradex was purchased; startups Earn and Cipher Browse; broker Keystone Capital. In 2022, the company began expanding into the Japanese market by opening its first branch there.

Depending on the trading platform and region, Coinbase supports transactions with 7 cryptocurrencies and 1 stablecoin (at the time of writing the review):

1. Bitcoin (BTC).
2. Basic Attention Token (BAT).
3. Bitcoin Cash (BCH).
4. Ethereum (ETH).
5. Ethereum Classic (ETC).
6. Litecoin (LTC).
7. 0x (ZRX).
8. USDC.

coinbase.com is a cryptocurrency buying and selling platform and online wallet. Exchange pro.coinbase.com (formerly GDAX) is an interface for professional trading using a terminal with advanced functionality. Wallet.coinbase.com is a mobile wallet for storing cryptocurrency. Custody.coinbase.com is a service for large buyers and sellers (minimum amount is $10 million).

About Coinbase

For traders and cryptocurrency speculators, the Coinbase exchange is very convenient due to many features. A well-optimized interface will delight professional investors with its simplicity and clarity, and will also surprise every beginner with its logical structure. The developers have streamlined the trading process and the conversion procedure as much as possible, making it understandable and comfortable.

Crypto traders, regardless of the initial level of technical skills and practical knowledge, quickly adapt to the interface of the exchange platform. Coinbase has enough options, features and additional features. For example, it is coupled with the functionality of the Coinbase Pro (GDAX) cryptocurrency exchange, which for experienced traders provides auxiliary, sophisticated tools needed in professional trading of digital assets.

The Coinbase platform was founded in 2012 by two Americans - F. Ashram and B. Armstrong. Three years later, the full-time staff of the trade service numbered over 28 employees, and today a group of different specialists, numbering 108 people, is working on the project. In October 2018, the company carried out optimization, during which 15 people were laid off. There are about 22+ million active users registered on the platform, the capitalization of the exchange exceeds 8 billion US dollars, the annual profit can reach 1.3 billion. The operation and development of the Coinbase company is supported by a number of large investment organizations - IDG Ventures, Andreessen Horowitz, DFJ Growth, etc.

The main guarantee of the prospects and success of the Coinbase cryptocurrency exchange is absolute legitimacy, the availability of the necessary licenses, as well as active interaction with US government agencies.

Throughout its existence, the Coinbase exchange platform has been constantly improving. The developers are optimizing the opportunities for crypto traders and adding new options to the functionality. Initially, Coinbase was a highly specialized service where users worked exclusively with Bitcoin, however, today you can store in an online wallet, convert and use in trading: Ethereum Classic, Litecoin, Ethereum, Bitcoin Cash, 0x, Basic Attention Token and a token tied to fiat — USDC.

Fast crypto exchange

At the very first window after registering with Coinbase, you are invited to try your hand at exchanging on the exchange of the same name. However, we hasten to disappoint you that in Russia and the CIS countries this function is useless - you won’t be able to use it. Let's briefly tell you what users in Europe and the USA get when the function works.

This is a direct exchange, conversion, and it is not associated with other participants in the crypto exchange. You can directly exchange dollars for crypto, or use existing tokens:

• Bitcoin;
• XRT;
• Dogecoin;
• Bitcoin Cash;
• Litecoin;
• Stellar Lumens;
• Ethereum Classic.

These are the tokens that can be used for exchange, and the list of available coins consists of more than 500 coins.

The exchange takes place instantly, but the rate will obviously be worse than it would be on the exchange through a trading terminal.

Features of the Coinbase crypto exchange

For the most part, modern cryptocurrency exchanges tend to cause disappointment and cheerful irony among professional speculators, but Coinbase is definitely not one of those analogues. The developers of the trading platform have worked very seriously in the past, and also continue to successfully improve it now. Some features of this site have been noted above, however, other significant characteristics should be identified.

• The Coinbase website interface is presented in a basic English version. It is not difficult to include additional options, although the Russian modification is not provided. This is not surprising, since Coinbase is a purely American resource, officially registered in San Francisco.

Russian-speaking users who do not speak English can use online translators. The transliteration is quite understandable, and if you have experience using trading platforms, then there will be no difficulties with conversions, trading, deposits and withdrawals of funds.

• Solid trading volume. In the virtual world of cryptocurrency trading, the Coinbase project is well known and very popular. This determines quite acceptable commissions, and also allows you to maintain favorable quotes for registered traders.
• The main fiat currencies on Coinbase are the US dollar or the euro. In 2022, the British pound was added.
• Many exchanges provide crypto traders with averaged or fixed quotes according to an incomprehensible scheme, however, Coinbase here resorted to a different method of forming prices for virtual currencies. They are calculated according to market patterns, taking into account current supply/demand from speculators. Quotes always reflect the actual value of digital coins.
• More than 32 million people use the cryptocurrency wallet on Coinbase, and this figure does not take into account traders or speculators.
• A unique classification of registered users trading virtual currencies. There are takers and their “rivals” makers. The first are speculators who work with instantly executed orders, and the second are people who enter into transactions using the market depth.
• Strictly limited deposit volumes, determined by three parameters. The user is assigned a specific status on the trading platform based on the chosen payment methods, country of residence and level of verification completed. For example, European clients who have fully verified their identity can withdraw up to €30,000 from Coinbase weekly. The same users in the United States have a different withdrawal limit: up to $50 using a credit card; maximum $5,000 if the transaction goes to a bank account; no more than $50,000 for cryptocurrency wallets and electronic payment systems.
• The Coinbase crypto exchange offers verified American users a Shift Card. This is a special Visa card for the Bitcoin cryptocurrency. It is accepted for payment in a limited number of places where payment with BTC coins is practiced. Such a debit card costs $10, but the owner then does not lose money on commissions for transactions and Bitcoin conversions.
• On the Coinbase exchange platform, in addition to the ability to exchange digital coins or earn on the exchange rate difference of cryptocurrency assets, you can save coins in an online wallet. It is easy to use funds from it in any financial transactions, including settlement actions.
• The exchange has little appeal to a significant audience of crypto traders, speculators or investors due to the absolute transparency of digital money flows and the emphasis on legitimacy. At all stages of verification, the system collects virtually a complete set of information about the client. People who prefer anonymity naturally prefer to interact with more loyal or frankly “gray” crypto exchanges.

Personal Area

If you already have an account on coinbase.com, on the main page in the upper right corner, select Login and log in. Specify email and password → Login .

Login to your Coinbase account

The coinbase.com website operates in 18 languages, including Russian. Therefore, before registering, you can select Russian as the main language for working with the platform. The language bar is located at the very bottom of the main page of the site.

After selecting the language, proceed to registration.

Registration on the official Coinbase website

To create a new Coinbase account in Russian:

1. On the official website www.coinbase.com, select Start ;
2. In the registration form, indicate your first name, last name, email address and come up with a complex password;
3. Please check the box to confirm that you are over 18 years old and accept the terms of the User Agreement and Privacy Policy;
4. Click Create an account ;

Create an account

To remain the most trusted place to buy and sell cryptocurrency, Coinbase protects users' personal data and complies with the EU General Data Protection Regulation (GDPR).

Next, the system prompts the new user to familiarize themselves with the Privacy Policy: read the brief information and, if everything is satisfactory, click I agree .

All that remains is to confirm your email address: go to the email specified during registration and in the letter from Coinbase, click on Confirm email address .

Email from Coinbase to verify email address

But this is not the end of registration. After checking your email, the system will immediately require you to indicate the country and phone number to which a verification code will be sent when logging in from a new device.

Setting up two-step verification on Coinbase

Enter the 7-digit authentication code received on your phone.

Coinbase's financial rules require that the system verify the identity of a new user before starting work. Therefore, the next mandatory step of registration is identity verification .

You can register as a legal entity on coinbase.com.

Account verification

On Coinbase, KYC verification is a mandatory step .

To prevent identity theft, each new user must provide the system with a photo ID, thereby confirming that he is the one performing certain actions.

The verification procedure on Coinbase is standard. To do this, you need to provide the system with personal data and upload a scanned copy of your identity document (passport, driver's license, national identity card).

But for traders from Russia, everything is not so simple. Since Russia is not on the list of supported countries, you can register on the exchange, but you will not be able to go through verification and change the status of your account.

However, users from Russia can use the platform to store assets , in which case KYC verification is not required.

Two-factor authentication

The security of your account on the exchange is primarily the concern of the user himself. Therefore, in addition to a complex password for your account, you should not neglect additional security methods.

Immediately after registration and verification, protect your password using two-factor authentication 2FA , which involves entering a unique one-time code to gain access to your account and withdraw funds.

To enable two-factor authentication on Coinbase, in your personal account, click on the profile icon and select Settings . Next we need the Security .

The system offers a choice of 3 two-step verification methods:

• Text message;
• Specialized authentication application;
• Security key.

By default, the first method will be selected, namely a message to a phone number (which, if necessary, can also be changed). But to improve security, it is better to switch to more reliable authentication methods.

Working conditions

Let's take a closer look at what opportunities and conditions Coinbase offers for trading and other ways to make money on cryptocurrency. ✅

Who can use Coinbase

As noted earlier, the Coinbase platform currently provides its services in 102 countries:

• North America: 18 countries;
• South America: 8 countries;
• Europe: 41 countries;
• Asia: 20 countries;
• Australia: 2 countries;
• Africa: 13 countries.

A complete list of supported countries is on the website.

However, Russia, Belarus and Ukraine are not on this list . Users from these countries do not have access to the full functionality of the platform, but can use the Coinbase wallet.

There is no way to bypass these rules using proxy servers. Coinbase does not check user IP addresses, but personal documents and bank card numbers.

Trading pairs

394 trading pairs available for trading on Coinbase The 24-hour trading volume on January 13, 2022 is $3,806,349,641 or 86,832.05 BTC.

TOP 5 currencies by trading volume on Coinbase:

Pair	Exchange rate, $	Trading volume, $	Spread %	Rate change in 24 hours
BTC/USD	$43,802.00	$696,106,115	+0.02%	+$1,051.93
ETH/USD	$3,352.78	$550,291,630	+0.01%	+$118.91
SOL/USD	$152.06	$197,100,208	+0.02%	+$12.48
SHIB/USD	$0.0000320	$191,141,327	+0.31%	+$0.0000034
MATIC/USD	$2.410	$143,756,460	+0.02%	+$0.07544
ADA/USD	$1.290	$121,968,624	+0.02%	+$0.08544
ATOM/USD	$40.36	$108,039,036	+0.05%	-$0.9314
AVAX/USD	$95.06	$86,797,351	+0.03%	+$3.750
LINK/USD	$26.49	$86,150,595	+0.04%	+$0.49532
DOGE/USD	$0.17039	$77,189,587	+0.06%	+$0.017703

Data update 01/13/2022, 08:29

Commissions and limits

Coinbase trading fees and deposit and withdrawal fees vary by region and payment method. ⚠️

Australia

Purchase with debit or credit card: 3.99%

Canada

Purchase with debit card: 3.99%

Europe and England

• Standard buy/sell: 1.49%
• Instant purchase with debit card: 3.99%
• SEPA bank transfer: no commission deposit, withdrawal €0.15;
• Withdrawal (instant withdrawal to card): from 2% per transaction (min. commission €0.55).

Singapore

Purchase with debit card: 3.99%

USA

• Bank account: 1.49%
• Coinbase USD wallet: 1.49%
• Purchase with debit card: 3.99%
• Withdrawal (instant withdrawal to card): from 1.5% per transaction (min. commission $0.55)

You can read more about Coinbase commission conditions on the website in the Fees section.

Transaction limits vary from country to country and may also vary depending on payment methods and verification status.

Maximum limits apply for verified US users. They can make transactions of up to $50,000 per week, while verified European customers can have a maximum of $30,000 in their account.

Coinbase also allows users to apply for higher limits (though this option generally does not apply to credit card transactions).

Positive qualities of Coinbase

Most of the previously mentioned features are undoubted advantages of the Coinbase trading platform. Of course, it is also necessary to note some other advantages of this project:

• Reputation of the site. No break-ins were recorded during operation.
• Fast transactions. Users note the speed of transferring coins to other clients to cryptocurrency wallets.
• Mandatory deposit insurance, officially registered with the supervisory authorities. The loss of coins due to an exchange hack will be fully compensated by the reserve fund.

Any force majeure situations for clients, including the theft of all personal crypto assets that occurred due to the loss of keys or passwords, are not considered insured events. No refunds will be given here.

• You can sell bitcoins using PayPal.
• 98% of all cryptocurrency is stored in cold wallets, offline and securely stored.
• Vault Wallet crypto wallet available. For security purposes, withdrawal permission can be individual or group. The first option involves confirming transactions with two passwords sent to 2 different emails of the user.
• All cryptocurrencies that traders and speculators can work with on Coinbase are very volatile and are always in demand. If you correctly apply a well-developed trading strategy, even day trading will bring a solid profit.
• There is a specialized trading platform - Coinbase Pro.
• For some countries, it is possible to work with fiat: through debit cards or bank accounts for American clients; SEPA transfer, debit cards with 3-D Secure - for Europeans.

The Coinbase exchange truly has an impressive set of wonderful qualities and positive opportunities. But we must not forget about the disadvantages, of which there are also many.

Main characteristics

Official site	https://www.coinbase.com
Social media
Location	USA
Founder	Brian Armstrong
Year of foundation	2014
Deposit/withdrawal method	Cryptocurrency, fiat
Available cryptocurrencies and tokens	BTC, BAT, ETH, 0x, USDC (about 20 in total)
Number of trading pairs	Around 20 for crypto-crypto pairs, around 10 for crypto-fiat pairs (depending on region)
Own token	USDC
Commissions	0.25% (taker) 0.15% (maker)
Languages
Verification	Mandatory
Mobile app	Google Play, App Store

Disadvantages of the Coinbase crypto exchange

In addition to a lot of advantages, the trading platform has quite a few negative aspects. It is precisely these shortcomings that block Coinbase from entering the TOP ranking of cryptocurrency exchanges.

Disadvantages of the Coinbase service:

1. Purchase or sale services are not provided to clients from Russia, Ukraine, and Belarus. You can only use Coinbase as a wallet.
2. There is no translation of the official website into Russian.
3. Significant restrictive criteria limiting the deposit and the amount of withdrawal amounts.
4. Extremely limited selection of virtual currency pairs. Trading instruments are made up of coins: BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), BCH (Bitcoin Cash), ETC (Ethereum Classic). Also, ZRX (0x) and the cryptographic asset USDC (dollar coin) have been added. In November 2022, the Basic Attention Token (BAT) was added to the listing.
5. There is no possibility of anonymous trading or large conversions. Complex verification with the need to disclose almost all personal data, starting from place of work and position, ending with very high-quality scans of documents.
6. Frequent loss of communication with technical support in problematic situations. Cases of ignoring complaints and claims. The best way to “shake up” the consultants and administration of the Coinbase exchange is to publicly post the problem on a special project channel on the social network Reddit.
7. Irrevocable blocking of crypto money lying on a trading deposit or in wallets if a transaction of digital coins is declared to the accounts of gaming sites, online stores or to the competitive exchange LocalBitcoins.
8. Tracking cryptocurrency flows in user accounts and blocking funds upon application from government agencies. You can even lose absolutely all virtual currency on Coinbase if there are any unfounded suspicions of money laundering, illegal transactions, gambling, etc. That is, the account is deleted, crypto coins are confiscated without evidence of guilt and the possibility of exculpatory proceedings.

general information

Coinbase was founded in 2011 by Fred Ersham and Brian Armstrong. The project became fully operational a year later. Brian Armstrong, as of early April 2022, is the startup's CEO. Before launching Coinbase, he gained extensive programming experience through work at companies such as IBM, Airbnb, and Deloitte. During the creation of the exchange, the specialist also benefited from the knowledge of economics acquired during his university studies.

Coinbase is similar in a number of ways to the Binance crypto exchange; the latter also has its own BNB cryptocurrency, its own Trust Wallet crypto wallet and a strong ecosystem.

The purpose of creating Coinbase was an attempt to prove to society that the future belongs to digital assets. Brian Armstrong became acquainted with cryptocurrency in 2010. The set of ideas and borrowed experience of the developers of the first crypto projects was embodied by him in Coinbase. Within the company, the specialist promotes the ideas of economic equality. The latter, in his opinion, are achievable exclusively with the help of cryptocurrencies.

During the presentation of the program for the next 10 years, Brian Armstrong presented the formation of economic freedom as a fundamental vector of development for Coinbase.

During the designated period, the specialist wants to provide society, with the help of his project, with conditions for decentralized work with finances. To achieve this, Brian Armstrong proposed the concept of self-responsibility for one's assets. The latter implies that third parties do not have access to user funds.

You can follow Coinbase news through the following channels:

Blog

Facebook

Twitter

Registration on the Coinbase website

The process of creating an account on the Coinbase crypto exchange is simple and fast if you use an email address on gmail.com.

Step-by-step registration instructions are as follows:

• Go to the official page of the coinbase.com website.

• In the top right, click on the “Sign in” button or immediately select “Get Started”.
• Activate the active line “Don’t have an account?” under the identification window. (Don't have an account?).
• Select the account type – “Personal” (Individual) or “Commercial” (Business).

• Enter data in Latin: first name, last name, work email, and password.
• Solve the basic captcha and accept the terms of the system.
• Click “Create account”.
• Wait for a message by email.

• Follow the link provided in the letter.

All you have to do is log into your Coinbase system account by entering your password and email address. Everything is clear, simple and, surprisingly, fast.

Support

Coinbase offers customer support via email and also gives customers access to a knowledge base and FAQ page.

Waiting times for a response from support may vary as demand for the service has increased dramatically in recent months, causing some delays.

On average, response time ranges from 24 to 72 hours. However, some users express dissatisfaction with template answers that only partially solve their problem.

Verification procedure on Coinbase

The usual creation of a user account on Coinbase only allows you to use an online crypto wallet. In order to make conversions and engage in trading, making money on the price difference of exchange assets, you need to be verified in the system. In other words, you need to enter contact information with documentary evidence. This feature is not available in all countries.

Verification instructions:

• Go to the Coinbase website. After entering your password and current email, click on the “Sign in” button.

• Click “Sign in”.
• In the next window, enter the sent 7-digit code in a special window and click the “Verify” button.

• Go to the “Settings” tab in the opened account.

• Fill in the fields of the personal questionnaire (country, city, address, date of birth, etc.).

• Click “Saving”.
• Specify the payment method – MasterCard, bank account (for US residents) or Visa.
• Carry out 2-3 verification transactions, checking the receipt of funds.

This completes the verification process on Coinbase.

Additionally, the Coinbase system often requests detailed disclosure of personal data with documentary evidence (scanned copies). However, this requirement applies when dealing with amounts equivalent to €30,000. Difficulties may arise here, since the final 4 digits of the SSN (social security number) must be accurately specified. This is for the Americans. Other users will need to resolve this part of the verification through technical support. They are looking for alternative ways to complete the procedure.

Trading commissions

On coinbase.com you can only buy and sell cryptocurrency from the exchange itself. Trading is conducted on Coinbase Pro.

Commissions on Coinbase Pro depend on the type of participant (taker or maker) and its turnover: from 0% to 0.25%, which corresponds to market practice.

Trade turnover	Taker commission	Maker commission
0.25%	0.15%
100K - 1M	0.20%	0.10%
1- 10M	0.18%	0.08%
10 -50M	0.15%	0.05%
50 - 100M	0.10%	0.00%
100 – 300M	0.08%	0.00%
300 – 500M	0.07%	0.00%
500M - 1B	0.06%	0.00%
$1B+	0.05%	0.00%

A trading commission of 0.25% is also available on the following exchanges:

• Bittrex;
• Bitsdaq;
• Hotbit;
• Upbit.

Coinbase Wallet

The cryptocurrency wallet is provided to all registered Coinbase users, regardless of location. To create it, follow the instructions:

1. Go to the “Accounts” section.
2. Click "Create Vault".

3. Select a cryptocurrency to store.
   Read also:  How to send Bitcoins: studying the process of cryptocurrency transactions
4. Give the wallet a name.

5. Choose who will sign the withdrawal authorization: only you (Individual) or a group of people (Group).

6. When choosing an individual method, confirmation will be required using two email addresses: one is the registration address, the second must be specified.
7. Confirm the second email. Follow the link in the letter.
8. The setup is complete and you can go to the wallet (to the Accounts section).

9. To top up, click “Deposit” and transfer cryptocurrencies to the generated wallet address.

10. To withdraw, click Withdraw. Confirmation time is 48 hours.

Security Settings

Setting up account security is one of the important stages of working with the exchange. The Coinbase exchange cares about the safety of its clients’ assets, so every new account is equipped with two-factor identification (2FA) by default, which works through SMS codes. If necessary, this option can be disabled or personalized through the system security settings.

In order to set up 2FA, go to the “Settings” section of your personal account and select the “Security” section.

Security settings
// Source: coinbase.com
The exchange offers users 3 options for connecting 2FA:

• SMS codes (set by default) – low level of protection;
• Authenticator application – medium level of protection;
• Security keys – high level of protection.

The use of keys and TOTP applications is much safer than SMS codes, since they are tied to a specific physical device, and not to a phone number, which may be susceptible to virus attacks and the actions of various attackers. Most often, when setting up 2FA, users prefer to use authenticator applications such as Google authorization.

Setting up two-factor authentication
// Source: coinbase.com
To connect 2FA, you need to click “Select” next to the option you need and save the changes.

A separate 2FA setting for withdrawal operations is also available on the site, which can be set depending on the amount of transactions:

• To withdraw any amount;
• The limit is 1.2000 BTC per day.

In addition to connecting 2FA, Coinbase gives some other recommendations to its users to protect their account from hacking:

• Use a complex and unique password that is not used elsewhere. A password manager like 1Password or LastPass can help make your life easier;
• Use a secure email account. If you are unsure whether your email account has been hacked in the past, use the service https://haveibeenpwned.com/. This service will help answer this question. If you see any risks, it is better to create a new email account and link it to the Coinbase exchange.

How to top up your wallet balance

On the Coinbase cryptocurrency exchange, in order to make conversions or perform trading manipulations with digital coins, you need to deposit funds into your account. This is a simple procedure if you follow the instructions:

• While in your personal account, go to the “Accounts” tab.
• In the left sector of the page that opens, the balances available for replenishment will be located. A USDC wallet is added here to the previously mentioned cryptocurrencies. This is a stablecoin whose coin costs 1 USD.
• Select a cryptocurrency account to deposit funds. When we select a cryptocurrency wallet, therefore, there will be a transfer from another, external coin storage. If the transaction is from a card or bank account, then an account in local currency is used, to which dollars, euros, etc. are sent.
• Click on the “Receive” button in the window of the selected wallet.

• Use the generated cryptocurrency address or use the QR code using a scanner on your smartphone.

• Transfer the required number of coins to the address. You can use online exchangers to purchase them.

You can also top up your Coinbase wallet with fiat. Each region has its own conditions and payment solutions. A fiat account will appear in your wallet only after confirming your country of residence and uploading a document.

For US customers:

For customers from the European Union:

additional services

Exchange services
Coinbase has a broad structure, which, in addition to the exchange itself, includes various subsidiaries, including investment and charitable funds.

There are three main structural divisions of the exchange:

1. Coinbase
   is a cryptocurrency trading platform where transactions with cryptocurrencies and fiat money are available;
2. Coinbase Wallet
   is a mobile crypto wallet that can be used by anyone without restrictions on citizenship. All you need to do is complete a quick registration by entering your email. Coinbase Wallet is available for iOS and Android users. The wallet works with private keys that are stored directly on your device, not on an exchange. This allows users to control their funds. The wallet provides an expanded set of functions and allows you not only to store cryptocurrency, but also to carry out trade transactions, monitor the exchange rate of cryptocurrency, and also earn small bonuses for completing mini-tasks, participating in bounty projects, etc.;
3. Coinbase Pro
   (formerly GDAX) is a dedicated exchange for professional traders who understand advanced trading techniques. In addition to the extensive functionality and various tools that help traders monitor the market and make decisions about trades, working with Coinbase Pro will cost you much less than using Coinbase. The maximum fee on Coinbase Pro is only 0.25%.

In addition to those listed above, the company has additional projects and services:

• Vault
  is an additional tool for storing your funds. The exchange tried to create something like an active and deposit account for users. Active accounts are your wallets, and deposit accounts are your storage. The vault helps protect your assets from rash withdrawals by introducing a withdrawal period (48 hours) and other security measures. The storage can be managed by one or a group of users. To withdraw funds, confirmation of the transaction is required from all owners of the vault. Using Coinbase storage is completely free;
• The Coinbase Card
  is a Visa debit card that is linked to your cryptocurrency exchange accounts. The Coinbase Card can be used anywhere Visa is accepted. You can switch between accounts through a special application. Thus, you can pay with cryptocurrency for goods and services, and even withdraw cash from an ATM. Currently, the card is available to residents of France, Germany, Ireland, Italy, the Netherlands, Spain and the UK, but Coinbase is working to expand the offering to additional markets;
• USD Coin (USDC) is the company’s own development. It is a stablecoin backed by the dollar. Apart from being supported by Coinbase and Coinbase Pro, USDC is also traded on leading exchanges such as Binance, Bitfinex, Poloniex, etc.;
• Coinbase Custody
  is a separate service for storing funds of institutional investors. All investor assets are kept in cold storage and are additionally covered by insurance from a global syndicate of insurers. The minimum deposit is $1 million. Coinbase Custody can also interact with the Coinbase Pro exchange;
• Earn
  is an educational service where you can find various educational videos about cryptocurrencies. Watch the video, take the knowledge test and receive cryptocurrency in your wallet.

We also recommend watching a video review of the Coinbase exchange on our YouTube channel:

Coinbase Review

Review

The Coinbase exchange offers its registered clients, especially novice crypto traders, easy-to-use and practical ways to buy, exchange or sell cryptocurrencies. Like analogue projects, the Coinbase exchange platform is characterized by some disadvantages, which are more than offset by numerous advantages. The project has distinctive features. It is popular among speculators, investors and traders of any professional level - from absolute beginners to experienced professionals making large transactions. The use of some services, such as buying or selling cryptocurrency, is not available from some countries. But, you can always use Coinbase as a wallet to store cryptocoins.

You can make money on Coinbase, store coins and exchange crypto-assets in the desired directions, but you should not forget about the possible vulnerability of online wallets and the harsh rules of account blocking. The latter danger can instantly leave an inattentive user without all the cryptographic money credited to the trading balance (exchange wallets). We recommend choosing another platform or using Bitcoin exchangers.

Let's sum it up

The Coinbase exchange is one of the most controversial projects. Its advantages include concern for the development of its own products and expansion of their list, effective expansion and work in accordance with regulatory requirements.

The disadvantages of the project are the lack of guarantees associated with the availability of constant access to funds and the ability to manage an account on pre-agreed conditions.

Despite some shortcomings, the wide range of tools that allow cryptocurrencies to compete with fiat allows us to call Coinbase a promising company.

Bargaining

The main page is the bidding section. It looks like this:

1. Selecting a currency pair
2. Information on the exchange rate of the selected pair
3. Your balance
4. Order book – open sell/buy orders
5. Price chart of the selected trading pair
6. Trading history - recently executed orders
7. Sale/purchase form
8. Your open orders

Buy cryptocurrency

To purchase cryptocurrency you need to follow 3 simple steps:

Step 1. Select a trading pair

To do this, on the left side of the bidding page, select one of the proposed pairs.

Step 2. Select an order

A transaction order on the Coinbase exchange can be:

1. Limit – You set the price for the coin
2. Market – market price is set by default
3. Stop – here you set a stop price and, as soon as the market price reaches the specified level, the order is placed for sale as a limit. In this case, the limit price may differ from the stop price

Select the order you need and proceed to the next step.

Step 3. Fill out the “Buy” form

Here's an example of filling out a limit order:

1. Set the price in BTC
2. We set the number of coins we want to buy
3. Click "Buy"

An order for a transaction has been created - all that remains is to wait for its execution.

Sell ​​cryptocurrency

To sell cryptocurrency, you need to do the same steps as when buying coins, that is, fill out the “Sell” table.

The only difference will be the price: it is more profitable to set a lower price for buying coins, and a higher one for selling.

After filling out the form, click “sell” - at the same time a transaction order is created.

Home Page Tools Overview

Let's look at the main page of the exchange and determine its capabilities:

1. Help – support service
2. API – API information
3. Fees – information on commissions
4. View Exchange – view the trading page
5. Log in (get started) / sign up – login/registration

• Image of the bidding page to familiarize new users with the interface

1. Currency rates – a creeping line with current rates of the most popular currency pairs
2. Exchange Features

• A story about the interface - it is simple and intuitive even for a beginner

1. Link to FAQ – answers to the most popular questions

2. Get starte d – invitation to register

3. Product – information about the platform’s own products:

• Coinbase – about the exchange
• Coinbase Prime - Gain access to enhanced institutional trading capabilities that will be rolled out in the coming months. These include: margin financing, high-touch execution including OTC block trading and execution algorithms. Access your central limited order ledger through the web interface, FIX API, or third party platforms such as TT.
• Coinbase Custody – Digital Asset Management for Institutions
• Coinbase Commerce is a platform for merchants: You can accept payment for your goods or services using Coinbase
• Developer Platform - documentation

4. Company – information about the platform, career opportunities at Coinbase, as well as a confidentiality agreement, rules for using the platform and support service

5. Learn – information about trading pairs and site operation status

6. Social – links to blog and social networks

What are you provided with?

National currencies used to be backed by silver or gold, now by GDP. Theoretically, you could go to any bank in the country and exchange your paper money for its equivalent in gold and back. Bitcoin is not backed by anything – it’s pure mathematics.

Anyone anywhere in the world can run a bitcoin mining script on their computer, and they can feel like a miniature central bank. The source code of the script is published in open form, so everyone can see how it works.

Margin trading

Margin trading may be launched again on Coinbase, which was confirmed in May 2022 by the company's vice president, Emily Choi. So far, the exchange team is not satisfied with the lack of regulatory regulation of the segment.

In 2022, the margin trading option was available on GDAX (now Coinbase Pro), but was disabled. It is assumed that the reason was the same legal uncertainty.

Margin trading allows traders to raise funds from the exchange to carry out their operations.