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I use Coinbase to manage all my cryptocurrency. It's a way to easily buy and sell cryptocurrency than going through other apps. What I like is that I can purchase cryptocurrency through my credit card and easily monitor how much everything is worth. It also allows me to hold all my coins securely.
- Security
- Easy of use
- Great user interface
- Not all coins are available to purchase
- Tax information could be improved
- Ease of use documents could be better
Coinbase has helped me and my colleagues to store different coin data from our savings/payroll into Coinbase. We usually use it as a bank for cryptocurrency. I recommend Coinbase if you want to have safe and secure transactions with regards to cryptocurrency. It has helped me a lot. Make sure to use and learn how to manage your finances by investing in cryptocurrency. You can also use Coinbase to purchase things/goods online via your Coinbase wallet.
- Security.
- Safety.
- Inclusion of other coin wallets would be great.
March 12, 2018
Coinbase is not being used in our business operations, as it's more a consumer crypto-currency product than business product. Therefore, my experience with Coinbase is limited to my own personal experiences. It addresses and solves none of my business problems.
- 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 acts as my crypto wallet for the Ethereum I have purchased. Many of the other solutions either aren't as secure or are more challenging to set up and as a result, take a much longer time. So Coinbase saves me time. In a nutshell, Coinbase simplifies everything for me and is one of the most reputable/ trusted solutions as a crypto wallet.
- Very simple dashboard for monitoring your coins
- Makes buying and selling Cryptocurrencies very simple once your account is set up
- Has a price alert feature for monitoring prices when they go above or below your target prices
- Same complaint I have about any other coinbase competitor. Setting up an account takes too long (a few days). But it's understandable as it has to be a very high level of security
- Higher transaction fees than other platforms for purchasing the same product. But because of Coinbase's simplicity relative to other platforms they are able to charge a bit of a premium here. You just need to know what you're getting into. If you're doing high volume, it's worth learning a GDAX or other platform. If you're buying and holding and don't have the time to research the lowest fees then Coinbase is great.
- They're limited in the payment methods they accept. Not a huge deal, but they don't accept paypal.
March 08, 2018
Coinbase is not used by our organization, but myself personally. I used this as a way to first get involved in the crypto market early last year when I knew little about how to buy and sell cryptocurrency. It's a great tool for getting started and really geared towards newcomers who are used to user-friendly financial products.
- Buy and sell Bitcoin and other cryptocurrency
- Navigate your crypto portfolio
- Send and receive cryptocurrency
- The fees are way too high. Once you get used to trading cryptocurrency you should find a better solution.
- Their customer support is abysmal
May 24, 2018
Coinbase is being used for small, ad-hoc transactions of top cryptocurrencies. There is currently no major function that Coinbase provides for our organization.
- User friendly / Easy-to-use UX
- Non-technical users can own major tokens
- Transparency in fee policy (Assesses fees without notifying customer)
- Downtime of network is very volatile during high-traffic times
- Customer service
Coinbase Scorecard Summary
What is Coinbase?
Coinbase is a point-of-sale software solution with features such as an international digital wallet and bitcoin currency acceptance.
Categories: Payment Gateway
Coinbase Technical Details
| Operating Systems: | Unspecified |
|---|---|
| Mobile Application: | No |