Coinbase Rated 3/5

Coinbase Guide - Read our In Depth 2023 Coinbase Review

This detailed Coinbase review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Social trading, Share Dealing.

Learn more about Coinbase.

Benefits of Trading with Coinbase

Coinbase Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 100
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 Coinbase users and traders
๐Ÿ“† Founded 1989
๐ŸŒ HQ United States
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Financial Conduct Authority (FCA)
๐Ÿšซ Excluded Countries Coinbase is not available in the following countries : RU

Open Coinbase's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is Coinbase?

Coinbase are a worldwide financial trading platform and broker. founded in 1989

Over 34 years later Coinbase now serves over 10,000 retail investors Forex trading, CFD trading, Social trading, and Share Dealing trading.

Coinbase are a global broker. Coinbase have a head office in United States.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Coinbase review and assess how well the Coinbase platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Coinbase. Choosing or shortlisting a trading platform like Coinbase can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Coinbase.

As a result, selecting the right trading platform like Coinbase requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Coinbase available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Coinbase requires thorough due diligence and careful consideration. Some Coinbase trading features can be complex when trading on mobile or using the Coinbase online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Coinbase trading tools properly. In our review of Coinbase we explain the pros and cons. What Coinbase offer, countries Coinbase are available in. Who Coinbase are regulated by and more.

Coinbase Review Screenshot

When it comes to online trading with brokers like Coinbase, carefully review Coinbase as your broker can make or break your success. Choosing the right broker is essential to ensure your Coinbase investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Coinbase review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Coinbase. You must also ensure the Coinbase broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Coinbase needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Coinbase into easily digestible information in this Coinbase review. We want to ensure you have all the knowledge necessary to use the Coinbase trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Coinbase are the key to successful trading, so we've provided this detailed Coinbase review. So, take a seat, grab a cup of coffee, and dive in to learn about Coinbase and how it can benefit you or if Coinbase is not for you.

Online investing with Coinbase can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Coinbase, evaluating the Coinbase platform is important. Evaluation includes researching the Coinbase management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Coinbase. That's why it's essential to understand the Coinbase company policies and practices before making any investment decisions. By doing your due diligence and understanding Coinbase platform, you can make informed investment choices that align with your financial goals. So take the time to research Coinbase thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Coinbase review you need to determine if Coinbase is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Coinbase, so you can make a more informed decision and compare other brokers against Coinbase.

If you want to look at some Coinbase alternatives that might better fit your needs, we list and compare some of the best Coinbase alternatives further down this Coinbase review.

Don't be fooled by the misconception that online trading is easy with Coinbase. It can be challenging and requires significant research and understanding of the Coinbase trading tools and features. You must know what you are doing when trading with Coinbase. That's why we've compiled this detailed Coinbase review with some important information that will hopefully make you more informed when online trading with Coinbase.

Coinbase Review Table of Contents

Coinbase review
Coinbase is a Multi-Assets Trading Platform with over 77+ Assets

Learn more about Coinbase. Coinbase is a multi asset platform with 77+ tradable Assets. Assets available on Coinbase include Forex trading, CFD trading, Social trading, Share Dealing.

Coinbase trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Social trading, Share Dealing are considered financial assets.

Features of Coinbase

Coinbase review
What you should know

Coinbase offer four ways to trade: Forex trading, CFD trading, Social trading, Share Dealing. The assets and products available to you on the Coinbase trading platform depends on the region of the world, you are in and the Coinbase entity you have an account.

With Coinbase you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Coinbase platform.

Coinbase are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Coinbase safe?

When considering Coinbase for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Coinbase, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 1989, and in operation for 34 years Coinbase have a head office in United States.

Coinbase is regulated. This means Coinbase are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Coinbase withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Coinbase are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Coinbase are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Coinbase and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Coinbase has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, Coinbase will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Coinbase, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If Coinbase violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with Coinbase?

All payments made to Coinbase by traders are securely held in a segregated bank account.

Coinbase uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Coinbase use them?

Coinbase partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Coinbase clients' funds.

Coinbase clients can have greater confidence in their financial security when working with a Tier 1 bank because Coinbase are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Coinbase deposited in a Tier 1 bank?

Depositing funds with Coinbase ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Coinbase were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Coinbase is a secure and safe platform.

Please be aware that trading in financial assets with Coinbase carries a risk of loss. Coinbase trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Coinbase emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Coinbase, let's closely examine its features.

To better understand the Coinbase trading platform, you can create two separate accounts - one with real money and the other a Coinbase demo account. A Coinbase demo account provides a risk-free environment for experimenting with the Coinbase platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Coinbase trading decisions.

Open a demo account Visit Coinbase

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Coinbase as a Company Compare Against Other Brokers

Broker coinbase IC Markets Roboforex eToro
Year Established 1989 2007 2009 2007
Head Office United States Australia Belize Cyprus, UK
Regulation Financial Conduct Authority (FCA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ Coinbase users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Coinbase Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

Coinbase review
Coinbase Pros and Cons

What we like about Coinbase

  • Used by over 10,000 Coinbase users and traders
  • Established in 1989
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $100

What we don't like about Coinbase

Coinbase review
Coinbase Regulation and Licensing in more detail

Coinbase is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Coinbase going into insolvency. Coinbase compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Coinbase to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Coinbase traders.

Coinbase is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Coinbase you should be sure they're legitimate online agent.

Is Coinbase Global?

Yes, Coinbase is global as Coinbase is available in over 194 countries.

Coinbase is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Coinbase covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. Coinbase has a total of more than 10,000 users.

Coinbase review
Coinbase Fees Explained

  • Coinbase withdrawal fees varies on payment method
  • Coinbase does charge a fee for inactive accounts.
  • Coinbase does charge deposit fees.

Coinbase Costs To Check

Modern brokers like Coinbase provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Coinbase may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Coinbase trading profitability.

How Coinbase Fees Compare Against Other Brokers

Broker coinbase IC Markets Roboforex eToro
Min Deposit 100 200 10 50
Withdrawal Fees Varies No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

Coinbase Minimum Deposit

Coinbase requires a minimum deposit of 100 GBP/USD/EUR when opening an Coinbase trading account.

A minimum deposit is the minimum amount of money required by Coinbase to open a new online brokerage account with them.

Don't be scared off by brokers like Coinbase charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Coinbase, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Coinbase Withdrawal Fees

The fees for withdrawing funds from your Coinbase account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Coinbase withdrawal request is important.

Coinbase Withdrawal rules may vary across different brokers when it comes to transferring funds from your Coinbase or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Coinbase may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Coinbase withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Coinbase. Researching and comparing Coinbase withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Coinbase funds frequently or dealing with large sums of money. Awareness of these Coinbase fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Coinbase funds.

For example, Coinbase allows you to withdraw your funds to Bank Account, Debit Card, Bank Wire.

Coinbase Inactivity Fees

Coinbase does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Coinbase terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Coinbase fees and services. It's recommended that you check the Coinbase website before signing up. If you decide to close your Coinbase account, it's important to do so with the Coinbase broker customer support and obtain confirmation that no remaining Coinbase fees are due.

Brokers like Coinbase must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Coinbase Deposit Fees

Coinbase do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Coinbase Commission Fees

Coinbase does charge commission on CFD instruments.

Brokerage firms like Coinbase may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Coinbase trading account level held by the trader.

Coinbase may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Coinbase terms and conditions to understand the commission fees and any other charges that may apply is essential.

Coinbase review
What can you trade with Coinbase?

It's essential to note that the trading instruments offered under the Coinbase brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Coinbase trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with Coinbase over 77 instruments in fact.

If you want to trade currency pairs on global Forex markets, Coinbase offer over currency pairs.

Coinbase Compared To Other Brokers

Compare Coinbase with IC Markets and Roboforex below.

Your capital is at risk

How Coinbase Trading Options Compare Against Other Brokers

Broker coinbase IC Markets Roboforex eToro
Instruments Available 77 2250 100 5000
Platforms iPhone/iPad,iOS, MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs No Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares No Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Coinbase
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

Coinbase review
Trading on Coinbase web platforms and other applications

Coinbase provides traders with a user-friendly custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

Coinbase also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Coinbase's platforms

Is the Coinbase Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Coinbase trading platform to protect you on PC and mobile Coinbase platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Coinbase web trading platforms.

Coinbase Trading Platform Options

Coinbase does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Coinbase offers its custom trading platform developed and tested in-house. The Coinbase trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The Coinbase platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With Coinbase, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Coinbase platform, including news and quotes. Discover possible trades with the strong charting tools found with Coinbase. Coinbase is available as downloadable applications or online through the cloud. Monitor your orders with Coinbase and receive breaking news in your positions.

Coinbase Trading benefits

  • Coinbase Low min deposit

Coinbase Trading Accounts Offered

Below we give an overview of the account types that Coinbase offer. Whatever you are looking to trade, the varying Coinbase account types will be able to provide you with what you need.

  • Coinbase Mini account

Can I try Coinbase?

Coinbase provides a demo account that enables individuals to explore trading before investing their funds. By creating a Coinbase practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Coinbase demo account can help individuals to make informed decisions before investing their money.

Open a demo Coinbase account to practice and trade.

Your capital is at risk

Coinbase withdrawal and funding methods

It's essential to remember that the payment methods provided by Coinbase vary based on the Coinbase entity and the Coinbase client's country of residence. To view the Coinbase payment options available, you can log into your Coinbase member's area.

Coinbase offers various funding payment methods listed in your Coinbase dashboard if available in your region. To learn more about the Coinbase funding and withdrawal options available in your area, you can explore the Coinbase website.

Coinbase provides several payment methods for funding your Coinbase account. You may utilize any of these deposit options if they are available in your region. Coinbase ensures that users have multiple payment methods to choose from, making it more convenient for verified Coinbase account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Coinbase user's location. learn more about Coinbase funding and withdrawal methods.

Coinbase Payment Methods

Some Coinbase payment methods are local and are available only to specific regions. Coinbase account holders should check which payment methods are provided in your region.
  • Coinbase accepts Bank Account
  • Coinbase accepts Debit Card
  • Coinbase accepts Bank Wire
Broker coinbase IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available Coinbase and other broker payment methods depend on the clients country of residence.

How can I start trading with Coinbase?

To open a trading account with Coinbase, individuals can sign up on the Coinbase website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Coinbase account validation and making a deposit. Once completed, Coinbase users can download the trading platform of their choice.

It's important to note that Coinbase requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Coinbase maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Coinbase trading platforms is available on their website.

Your capital is at risk

Performing trades with Coinbase

When using Coinbase, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Coinbase have a max trade of varies.

Coinbase, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Coinbase can be useful for traders starting or with limited capital.

Like other brokers, Coinbase margin requirements can differ depending on the traded instrument.

CFD Trading on Coinbase

We will show you an example of the basics of using Coinbase leverage.

CFD trading on Coinbase allows traders to speculate on the price movements of various financial instruments against the broker Coinbase, without actually owning real assets. With CFDs, Coinbase traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Coinbase provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Coinbase leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Coinbase trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Coinbase leverage magnifies both profits and losses in trading.

Trading CFD trades on the Coinbase platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Coinbase traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at Coinbase

To trade effectively with Coinbase, it's important to have a good understanding of the Coinbase trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Coinbase and externally.

Coinbase . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Coinbase. Familiarizing yourself with the Coinbase trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Coinbase. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Coinbase involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Coinbase, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Coinbase. Explore the Coinbase platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Coinbase, before live trading.

Customer Support at Coinbase

As part of our Coinbase review, we review customer service options, response times and problem resolution effectiveness on the Coinbase trading platform. The Coinbase trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Coinbase Available Support Types

Based on our experience, we have given Coinbase a D grade for customer support. We encountered some slow response times or Coinbase queries that were left unanswered.

Compared to other brokers, Coinbase offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Coinbase

Our team tested the live chat support of Coinbase and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested Coinbase support services in various countries and languages and found that Coinbase were able to effectively resolve our customer issues.

Email Support at Coinbase

We tested the email support of Coinbase by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any Coinbase response.

The Coinbase team did resolve and answer our queries, but the email support from Coinbase was overall average compared to other brokers we have tested.

Phone Support at Coinbase

We contacted Coinbase via phone and received quick assistance within 10 minutes of our call.

The Coinbase phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Coinbase and found that they could assist us in various languages.

While we found the Coinbase phone support satisfactory, there is room for improvement in response time.

See how Coinbase Support Compares Against Other Brokers

Broker coinbase IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit Coinbase Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with Coinbase

As Coinbase is regulated by Financial Conduct Authority (FCA).

As a new client of Coinbase, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Coinbase in your region. During the Coinbase account opening process, you will be asked to provide Coinbase with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Coinbase have the following documents available.

  • Coinbase require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for Coinbase compliance. This must be dated within the last six months.
  • If you plan to fund your Coinbase account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Coinbase platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Coinbase Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Coinbase's platform.

However, remember that you won't be able to make trades on Coinbase until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Coinbase KYC compliance process as soon as possible to avoid any delays in accessing the Coinbase platform's features.

It is important to note that Coinbase may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Coinbase platform and features immediately. However, you must pass the verification process to start live trading with Coinbase, which can take up to a few business days.

To start the process of opening an account with Coinbase you can visit the Coinbase trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.coinbase.com/ on September 19, 2023.

Is Coinbase A Good Broker?

We have spent over 5 years examining Coinbase in depth. Although we found some very useful aspects of the Coinbase platform that would be useful to some traders. We feel that a alternative to Coinbase may better suit you.

  • Coinbase have a good track record of offering Forex trading, CFD trading, Social trading, Share Dealing.
  • Coinbase has a history of over 34 years.
  • Coinbase has a reasonable sized customer support of at least 10.
  • Coinbase are regulated by the Financial Conduct Authority (FCA). Coinbase is subject to strict regulatory oversight from its respective jurisdiction, which holds Coinbase (the broker) accountable for misconduct. This regulatory framework helps ensure that Coinbase operates fairly and transparently and provides Coinbase customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Coinbase.
  • Coinbase have regulation from reputable regulators.
  • One of the advantages of using Coinbase is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Coinbase are particularly important as Coinbase traders want to receive their money quickly. With the efficient Coinbase payment processing system, traders can enjoy faster access to their Coinbase funds.
  • Coinbase have an international presence in multiple countries. Including local Coinbase seminars and training.
  • Coinbase can hire people from various locations in the world who can better communicate in your local language.

Coinbase Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Coinbase not quite right?

If after reading this Coinbase review, Coinbase does not fulfill your needs check out these Coinbase Alternatives.

Click here to view the best Coinbase Alternatives

We have spent years researching the best alternatives to Coinbase. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective Coinbase alternatives available today. If you are unsatisfied with Coinbase or want to explore other options, we recommend checking out our carefully curated list of highly-rated Coinbase alternatives. Follow the links below to learn more about these Coinbase broker alternatives and choose the one that best suits your trading needs.

Related Coinbase Vs Comparisons

Throughout our comprehensive Coinbase review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Coinbase against other popular brokers in the industry, check out our Coinbase Vs pages. Our team has compiled a series of detailed Coinbase comparison articles, pitting the Coinbase platform against some of the best-rated Coinbase competitors in the market. Dive into our informative Coinbase Vs pages below to find out how Coinbase stacks up against other leading brokers.

Coinbase review
COINBASE Frequently Asked Questions

Read our detailed Coinbase FAQ Section updated for 2023.

Can I try Coinbase?

Coinbase do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Coinbase accept?

Please note that the list of payment methods below depends on the Coinbase Entity and the client's Country of Residence.

Coinbase offer the following funding payment methods Bank Account, Debit Card, Bank Wire, among other payment methods.
Learn more here

Your capital is at risk

Is Coinbase safe?

Coinbase have over 10,000 users. Coinbase are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to Coinbase accounts by traders are held in a segregated bank account. For added security,Coinbase use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Coinbase is risky, and because the market is so volatile, losses could happen at any time.

Your capital is at risk

Is Coinbase trading good?

Coinbase is considered good and reputable to trade with Coinbase. Coinbase is used by over 10,000 traders and Coinbase users. Coinbase offers Forex trading, CFD trading, Social trading, and Share Dealing trading. Minimum deposit with Coinbase is 100.

Is Coinbase trading Legit?

Coinbase was founded in United States in 1989. Coinbase has been facilitating trade on the financial markets for over 34 years. Coinbase offers clients Forex trading, CFD trading, Social trading, and Share Dealing trading. All funds deposited to Coinbase are held in segregated bank accounts for security. Coinbase is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is Coinbase a good broker?

Coinbase allows Forex trading, CFD trading, Social trading, and Share Dealing trading. Coinbase is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker.

Is Coinbase trustworthy broker?

Coinbase is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Coinbase, money is in a segregated bank account that is separate from Coinbase company's funds. As a regulated broker, Coinbase cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Coinbase. Instead, your Coinbase funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Coinbase. Also Coinbase is regulated in its local jurisdictions including major financial regulators like Financial Conduct Authority (FCA).

What is the minimum deposit for Coinbase?

The minimum deposit to trade with Coinbase is 100.

How long do Coinbase withdrawals take?

Withdrawing money from Coinbase processing time varies depending on the method but averages 1-5 days.

Is Coinbase regulated?

Coinbase is regulated by the Financial Conduct Authority (FCA). Regulatory bodies conduct regular reviews and audits as part of Coinbase maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Coinbase a market maker?

Coinbase is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.

How can I start trading with Coinbase?

When opening a trading account with Coinbase, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Coinbase trading platforms, you can follow the link provided below: Learn more about signing up with the Coinbase trading platform here. This will provide useful information and insights into the various trading platforms offered by Coinbase, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Coinbase?

Yes your money is safe with Coinbase.

Overall, strict financial regulation is essential for ensuring that trading platforms like Coinbase operate fairly, transparently, and responsibly, which ultimately benefits all Coinbase stakeholders involved.

Trading platforms like Coinbase must have strict financial regulation for several reasons:

  • Protecting Coinbase Investors: Strict financial regulation ensures that investors who use the Coinbase trading platform are protected against fraudulent or unethical behavior by the Coinbase platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Coinbase platform.
  • Maintaining Coinbase Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Coinbase trading platform. Regulatory procedures reduce the likelihood of the Coinbase platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Coinbase Transparency: Regulations require trading platforms like Coinbase to maintain detailed records and disclose Coinbase client information. Financial regulatory requirements enhances transparency and helps to build trust between the Coinbase platform and its investors.

Coinbase is regulated by the Financial Conduct Authority (FCA). When selecting a broker such as Coinbase, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Coinbase ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Coinbase.

Is Coinbase a con?

Coinbase is regulated and well established, having been in business for over 34 years. Coinbase is not a con.

Can you make money with Coinbase?

Although traders have had great success with Coinbase, trading on the financial markets with Coinbase is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Coinbase have fees?

Coinbase withdrawal fees vary on payment method.Coinbase does charge a fee for inactive accounts. Coinbase do charge deposit fees.

When was Coinbase founded?

Coinbase was founded in 1989.

How many people use Coinbase?

Coinbase is used by over 10,000 registered Coinbase users.

What is Coinbase Headquarters country?

Coinbase has its head quarters office in United States .

Does Coinbase offer negative balance protection?

Coinbase does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does Coinbase offer guaranteed stop loss?

Coinbase does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Coinbase allow scalping?

Coinbase does not offer scalping.

Does Coinbase allow hedging?

Coinbase does not offer hedging.

Does Coinbase offer CFD trading?

Coinbase offers CFD trading.

Does Coinbase offer STP?

Coinbase does not offer STP trading.

How many people use Coinbase?

Coinbase is used by over 10000 Coinbase users and traders.

Is Coinbase an ECN broker?

Coinbase does not offer ECN trading.

Does Coinbase offer a demo account?

Coinbase does not offer demo account.

Does Coinbase offer an Islamic account?

Coinbase does not offer Islamic accounts.

What are the funding methods for Coinbase?

Please note that funding methods and options available with Coinbase can be found in the Coinbase Members area and depend on the Coinbase clientโ€™s country of residence. Please check your specific available payment methods on the Coinbase website. Coinbase accept the following funding methods : Bank Account, Debit Card, Bank Wire.

Coinbase review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Coinbase brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Coinbase review written by Mark Hansen of Comparebrokers.co