Likelihood to Recommend
I think Coinbase is a great place to start for people that are just getting acquainted with the cryptocurrency space. The interface works as much like a traditional bank as you could expect, considering Coinbase is not a bank, so it's very easy for users to get a handle on what is going on.Storing money long-term in Coinbase is not particularly advisable, as the nature of cryptocurrency is that you are to trust no one with your secure keys. By using Coinbase, you are inherently breaking that idea, and trusting Coinbase to keep your funds secure for you.
- Great UI for managing crypto funds
- Excellent mobile application for monitoring crypto values and sending/receiving crypto.
- Good two-factor security practices to ensure bad actors are not illegitimately gaining access to your wallets and stealing your funds.
- The fees coinbase charges on top of the crypto networks are relatively high, compared to the rest of the industry
- Under load/high volume, the site and application become unresponsive
- Customer support is lacking. It's hard to talk to a human and get a real response to your questions/concerns. This is particularly irritating since we're dealing with money.
Coinbase definitely provides the most impressive user experience of all the crypto-currency exchanges.Coinbase is one of only a few that US uses to buy crypto with fiat (USD) currency, making it on the short list of feasible platforms to use. However, Coinbase does lack options for utilizing non-mainstream (alt) crypto-currencies. I selected Coinbase because they are the most robust, complete feeling, user experience. Their security practices are top-notch, and they have insurance policies to cover their customers in the event of a compromise.
Return on Investment
Premium Consulting/Integration Services—
Entry-level set up fee?