Are you looking for Coinbase App review 2021? Would you like to have a deeper understanding of Coinbase Apps pros and cons? Is Coinbase a reliable cryptocurrency exchange?

Coinbase, established in 2012, is the leading crypto exchange in San Francisco, United States. Built to make crypto trading fairer, efficient and transparent, Coinbase has become more than just a platform for buying and selling Cryptocurrencies. During its inception, Coinbase App only offered Bitcoin trading, but today, it supports more than 50 cryptocurrencies, including Etherium, Litecoin, XRP, and many others.

The main reason behind the popularity of the Coinbase App is its easy-to-use interface and security.
Even after that, Coinbase Apps trading fees are quite higher compared to other crypto exchanges in the US – and that is why most people, especially the new investors don’t feel comfortable enough to open a Coinbase account (which is quite obvious).

We know crypto trading is risky, especially when you’re a novice – so finding the best crypto exchange can be the “make or break” factor for you.

That is why, here in this Coinbase review, we will cover how Coinbase works, Coinbase pros and cons, how to open a Coinbase account and make a successful trade.

The following segment is going to be quite amazing and filled with all the information you need on Coinbase – so, give us your uninterrupted attention and read thoroughly.

Coinbase App : Coinbase Cryptocurrency Trading Platform: A Quick Outlook

Coinbase Review 2021
When most Americans think of buying Cryptocurrencies, they prefer Coinbase. Coinbase offers a variety of features that makes it a perfect platform for beginners, and of course, the experienced ones.

With a Coinbase account, you can buy and sell the top 50 cryptocurrencies (not restricted to 50), keep track of them in a single dashboard. Coinbase App has a “Recurring buy” option where you may schedule your daily, weekly, and monthly buys. Besides, you may also download Coinbase mobile app for android and iOS and stay on top of the crypto market.
According to the Coinbase website, there are 3 top reasons to choose Coinbase crypto exchange over others, which are –

  • They offer secure offline storage for your digital assets
  • Your investments are protected by FDIC crypto-insurance
  • It offers more cryptocurrencies than the other crypto exchanges
  • Offers free digital wallet service

Before Coinbase become popular, there were lots of arguments regarding the nature of digital currency and Coinbase’s reliability on higher trading fees.

To deal with that, Coinbase, in 2018, offered another crypto trading platform along with the older version, and that is Coinbase Pro.

So, now we have two Coinbase platforms:

  • Coinbase offers an easy-to-use simple consumer crypto trading platform
  • Coinbase PRO offers a more professional layout for more experienced crypto-traders

Why Should You Trade Digital Currencies Through Coinbase Exchange?

According to their official website, Coinbase as of now has more than 68M verified users all over the world, with USD 462B quarterly trading volume, USD 180Bassets on the platform, available in more than 100 countries with more than 2100 employees.

As you can see the numbers are speaking in favour of Coinbase Crypto App – but it doesn’t certify the fact that Coinbase does not have any downsides – what are they!

We have mentioned earlier and again mentioning it now that crypto trading is risky, and that is why we feel it’s quite mandatory to weigh Coinbase pros and cons before moving any further with it.

Coinbase App Pros:

  • Altcoin choices are not limited: Unlike any other crypto trading app or platform, Coinbase offers more than 50 cryptocurrencies for trading, investing, and tracking.
  • Very easy to use: The interface of the Coinbase trading app is so easy that even a newbie can create a Coinbase account, make a trade within a few minutes.
  • Educational Tools: After signing in to Coinbase, you can go through their learning programs to learn how cryptocurrencies work.
  • Greater Liquidity: Since the beginning, Coinbase is highly regarded for its higher liquidity. This will give the investors a sense of security regarding price drops in this dynamic market.

Coinbase App Cons:

  • Trading fees are high: One of the greatest drawbacks the keep people away from Coinbase is its higher trading fees. But for that, Coinbase App has launched Coinbase PRO. The PRO version has much lower trading fees with more overwhelming features.
  • No control over your Wallet keys: When you make a trade-in Coinbase, the purchases will be stored on Coinbase Wallet, of which you have no control over. It means that you will not have any control over your trading prospects. Though this is not only the case with Coinbase but with most crypto exchanges. One way out of this is to make a trade and withdraw your prospects to a personal hard wallet.

Now you know both sides of using Coinbase, it is time to tell you how to use it – so, go through our next segment.

How To Start Buying And Selling Cryptocurrencies In Coinbase App?

Here in this segment of our Coinbase review, we will tell you how to open a Coinbase account, how to deposit funds, how to make a trade-in, and how to withdraw from Coinbase trading app – so read without any interruptions.

Opening Coinbase Account: A Step-By-Step Guide

Opening Account For Coinbase
Opening a Coinbase account is quite easy and you don’t have to be tech-savvy for that.

  • Open the Coinbase website and click on “GET STARTED” on the top right of the screen, just beside the “Sign in” option
  • To create an account, you will have to provide your first and last name, email address, and a strong password – and then click on “Create Account”
  • After that, you will receive a verification code on your email address

Verify Email with Coinbase App:

  • Once you receive the verification mail on the given email address, you need to open that mail and click on the link.
  • The link will redirect you to the Coinbase website
  • You will have to sign in with your email id and password

Add your Mobile number with Coinbase App:

  • After completing the email verification process, you will be asked to share an active mobile number with a country code.
  • If you are on a desktop or laptop, click “Send code” – and if you are using a smartphone, click “Continue”
  • Enter the 7-digit code and click on “Submit” or “Continue”

Verify your identity with Coinbase App:

Selling Cryptocurrencies In Coinbase Review
This is the last step before you can start buying and selling cryptocurrencies in Coinbase.
To verify your identity with Coinbase, you must be 18+ and have a Government-issued ID with a photo.

Documents accepted by Coinbase:

For the US:

  • Government-issued photo ID

For Other Countries:

  • Government-issued photo ID
  • National ID Card
  • Valid Passport

Documents will NOT be accepted by Coinbase:

  • US Passport
  • US Green Card
  • School/Medical IDs
  • Residence Permit
  • Military IDs

Deposit Funds To Coinbase Account App

Depositing to Coinbase account with a debit card or USD wallet can be done within minutes.
But before that, traders need to verify/add their bank account with Coinbase by doing the following:

  • Sign in to your Coinbase account
  • Go to trading view
  • Choose the Wallet Balance option, and then the Deposit option
  • Select your Currency type, For example, USD or EU, etc
  • Now add your bank account under the “Bank Account” section
  • Coinbase will verify your bank account and will add it as your trading account

Withdraw Funds From Coinbase Account App

  • Sign in to your Coinbase account
  • Go to trading view
  • Choose the Wallet Balance option, and then the Deposit option
  • Select your Currency type
  • Choose ACH Bank Transfer or Wire Transfer
  • Select your bank account
  • Select the amount you want to withdraw/transfer from your Coinbase Account(If you want to withdraw everything, select the “MAX” option)
  • Confirm your withdrawal by selecting “Withdraw USD”

Start Buying Cryptocurrencies With Coinbase Account

You buy/sell cryptocurrencies through your account from both a web browser and the Coinbase mobile app.
Buying Cryptocurrencies With Coinbase Account

Buy cryptocurrencies with Coinbase from a web browser

  • Sign in to your Coinbase account
  • Choose “BUY/SELL”
  • Now choose the cryptocurrencies you would like to buy from “Buy Filed”
  • Enter the amount (Crypto amount or USD)
  • Choose the mode of payment
  • Choose “Preview Buy” to re-check your purchase before buying
  • If you are satisfied, choose “BUY” or you may go back to change things

Buy cryptocurrencies with Coinbase from the Coinbase App

Coinbase Review From The Coinbase App

  • Download Coinbase app from android or iOS
  • Sign in to your Coinbase account
  • Select the “BUY” option from the bottom of the app
  • Enter the amount
  • Choose the “Preview buy” option to recheck the trade
  • Now select the “BUY NOW” option

According to the Coinbase guideline, a trader is allowed to make a minimum of 2 cryptocurrencies in their local currency.

Who Should Use Coinbase App For Crypto Trading?

Coinbase Review Legit
As stated above, Coinbase offers the most easily navigating interface with greater security and education tools. That makes Coinbase efficient for both amateurs and experienced traders.
Besides, if someone is looking for a long-term Bitcoin investment, Coinbase can give them the right platform.  

Coinbase Crypto Trading Platform: What Are The Customers Saying? (Coinbase Customer Review)

After checking several third-party review websites, we have found that most traders have a positive outlook towards Coinbase. Although some are quite unhappy due to their higher trading fees, most love to use Coinbase due to its easy-to-use interface and security options and most importantly, its large pool of cryptocurrencies.

Conclusion: Is Coinbase App Legit?

Coinbase is 100% legit and the best option for those who want to invest in cryptocurrencies but lack the experience. Of course, the trading fees may seem to be quite higher, the features Coinbase offers can easily make up for that.

Traders with years of trading experience, especially in cryptocurrency trading will find Coinbase PRO quite a robust platform. However, Coinbase PRO still lacks some significant features. But Brian Armstrong, Co-founder, and the chief executive officer of Coinbase have assured the traders that they are working to make Coinbase PRO more efficient.
But, on an ending note, we must say that Coinbase is designed for new traders with no or little experience.

Coinbase Crypto Trading Exchange: FAQs

Is Coinbase a trustworthy Crypto Trading Platform?

A: Yes, it is. Coinbase serves 68 million active users residing in more than 100 countries.

Is it possible to create a Coinbase Trust Account?

A: Yes, you can do that via Coinbase Prime and Coinbase Custody

Is Coinbase Available on Smartphones?

A: Yes, you can download Coinbase App for both Android and iOS

Does Coinbase offer Customer Support?

A: Yes, you may contact the Coinbase support team via Email, Twitter, or Phone

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