Verdict: Founded in 2012, one of the first mainstream cryptocurrency exchanges. Coinbase offers an easy experience for new or first time traders. They excel at providing a highly accessible platform & are one of the best exchanges for easy fiat onboarding. Local currency wallet allows users to trade in their native Fiat currency. 98% of funds are fully insured & kept in cold storage for greater security.
However, this platform falls short at the fees, offering more than most of their competitors; charging 0.50% spread on top of buy/sell transactions. Spread margin charge of up to 2% on crypto-to-crypto conversions. Additional flat/variable percentage "Coinbase Fee" (explained below). Due to being such a huge exchange (largest in US by trading volume), their support is inconsistent, with a very slow response at times.
Overall, we believe this exchange is great for first time or casual investors alike; offering a highly accessible platform with a good selection of currencies and easy buy/sell process. Whether the convenience is worth the extra fees is up to you to decide, learn more below.
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