Coinbase

Coinbase

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Top Rated
About TrustRadius Scoring
Score 8.4 out of 100
Top Rated
Coinbase

Overview

Recent Reviews

Great Starting Point with Expansive Feature Set.

8
April 28, 2022
Coinbase is a well-known and trustworthy platform for all mainstream cryptocurrency activities and provides many benefits for those …
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Great Product for new investors

10
February 03, 2022
Love Coinbase and building development around the crypto space. I've found it to be a solid company to work with and has the …
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Highly Recommended

10
December 16, 2021
We use Coinbase for trading in cryptocurrencies. Specifically, ones that are difficult to find on other trading apps such as Shiba Inu.

How to take your company to the moon.

8
December 15, 2021
Coinbase is a great website to research, buy, sell, and keep up to date with the world of crypto. It has an ease of use that someone with …
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Super Easy

10
March 06, 2020
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 …

Coinbase Review

9
January 13, 2020
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 …

Love Coinbase!

9
July 03, 2018
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 …

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Awards

TrustRadius Award Top Rated 2022

Reviewer Pros & Cons

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Pricing

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$100K-$1M

$0.20

Cloud
taker fee

$10-50K

$0.35

Cloud
taker fee

<$10K

$0.50

Cloud
taker fee

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

Features Scorecard

No scorecards have been submitted for this product yet..

Product Details

What is Coinbase?

Coinbase is a digital currency exchange (Coinbase Pro) and crypto-oriented software solution suite for businesses, including hosted checkout pages, payment buttons, invoicing, and multiple ecommerce integrations (Coinbase Commerce), a turnkey solution for brokerages, exchanges, and fintechs enabling them to offer customers crypto (Coinbase Prime), crypto asset custody (Coinbase Custody), and a wallet to self-store crypto (Coinbase Wallet).

Coinbase Video

Introducing Coinbase Earn: A New Way to Earn Crypto While You Learn Crypto

Coinbase Technical Details

Deployment TypesSaaS
Operating SystemsUnspecified
Mobile ApplicationNo

Comparisons

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Frequently Asked Questions

What is Coinbase?

Coinbase is a digital currency exchange (Coinbase Pro) and crypto-oriented software solution suite for businesses, including hosted checkout pages, payment buttons, invoicing, and multiple ecommerce integrations (Coinbase Commerce), a turnkey solution for brokerages, exchanges, and fintechs enabling them to offer customers crypto (Coinbase Prime), crypto asset custody (Coinbase Custody), and a wallet to self-store crypto (Coinbase Wallet).

What is Coinbase's best feature?

Reviewers rate Support Rating highest, with a score of 6.5.

Who uses Coinbase?

The most common users of Coinbase are from Small Businesses (1-50 employees) and the Computer Software industry.

Reviews and Ratings

 (40)

Ratings

Reviews

(1-18 of 18)
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Score 8 out of 10
Vetted Review
Verified User
Review Source
Coinbase is a well-known and trustworthy platform for all mainstream cryptocurrency activities and provides many benefits for those looking to start using blockchain technology, as well as for more advanced users looking to get into the premium features they offer. It's quite easy to get started with an address and get your account funded.
  • Low barrier to entry.
  • Competitive fees.
  • Very well featured.
  • Support can be very bad.
  • Some promotions are bugged.
  • Doesn't support some smaller cryptocurrencies.
It's great for personal use, and will all the options available can be scaled up through most mid-size business use cases. Trading and custody tools allow strong security and management of trading activity and any automated actions taken with the currencies stored in the account. Individuals will find it easy to use.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Love Coinbase and building development around the crypto space. I've found it to be a solid company to work with and has the infrastructure needed to be successful in the crypto ecosystem.
  • Low fees.
  • Efficient processing of exchanges.
  • Easy to use platform.
  • Needs more alt coin options.
This is a great product for new investors in the cryptocurrency space. Simple and efficient to use.
CharRon E. Smith | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Cyptocurrency is a new form of currency that has expanded since the introduction of Bitcoin. But it is still unknown and new to the public on it is acquired or traded. It is almost the stock exchange but it is run differently. Being decentralized, it has no connection to worldwide financial institutions. So, how do you trade cyptocurrency? This is how coinbase helps.
  • Educate members on cryptocurrency
  • It starts a member of with $10 worth of cryptocurrency to trade by education courses on different coins and markets
  • You carry a portfolio of cryptocurrency
  • Just like other apps(venmo, cashapp, PayPal) it keeps all your trade portfolio under coin based. Not transferable
  • Even though, they give you a starting balance of $10. They do wants you to put at least $10 of your money
  • The training video are simple. Learn about US dollar coin, USD, and bitcoin. But it doesn't teach you how to be a savvy trader. That will take additional education
  • You can't add small cryptocurrency like BAR to your portfolio. It certain amount to trade with.
I am a novice trader. I started using coinbase because it would educate me about the network of blockchains and cryptocurrency traders on their app. I was surprised to hear the history about splits with different blockchain. Even about miners and developers. The network run fuild but very different from the financial institutions.
Score 9 out of 10
Vetted Review
Verified User
Review Source
We initially began to use Coinbase early in 2016/2017 to invest related to our LLC venture. This was one of the main platforms we utilized for a cash onramp to acquire digital assets. From there, we would transact between Coinbase and other brokers/wallets in order to facilitate our trades. The procedures, controls, and security surrounding the Coinbase environment allowed our company to facilitate transactions as needed.
  • Ease of depositing USD.
  • Quick KYC application process.
  • High liquidity.
  • Reduce Fees associated with trading.
  • Easier tax forms.
Well suited for those new to trading digital assets, ease of application, and trading if you were intending to trade less popular digital assets. While Coinbase is adding on new digital assets, they may not have what you are looking for. Their user interface is easy to understand and the fees are clear from the beginning.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Coinbase is a great platform to buy and sell crypto. Very user-friendly and intuitive.
  • Fast registration
  • Great selection of crypto currency
  • Easy trading process
  • In the assets allocation would be great to see how much was invested into a particular coin (what was the purchase price), and what is it trading for now. That would allow seeing at a glance whether certain crypto is gaining or losing your investment.
Great for beginners.
Score 6 out of 10
Vetted Review
Verified User
Review Source
I used Coinbase as a brokerage platform for my crypto purchases and wallet. Coinbase offered a variety of different coins that were unavailable on other platforms. This included a variety of newer coins that were often hard to purchase through most crypto trading companies. The scope of my use case for Coinbase was primarily buying & selling crypto along with keeping a wallet and using the account to make retail purchases using crypto.
  • Clean user friendly interface.
  • Centralized information for Crypto market.
  • Speed of transactions.
  • Better methods of using crypto for payment.
  • Faster order fulfilment.
  • Lower fees.
Coinbase is well suited for finding nearly any available verified crypto coin currently on the market. It provides a simple method to invest and use new crypto coins depending on the user's needs. They also provide helpful information regarding many coins to help educate the user on their purchases/trades. Coinbase is less appropriate for smaller transactions due to the service fees associated with every transaction.
Score 10 out of 10
Vetted Review
Verified User
Review Source
It is used to buy and store Crypto mainly Bitcoin
  • Easiest way to buy bitcoin at a good rate
  • Easiest way to sell bitcoin at a good rate
  • keep track of incoming and outgoing cryptos
  • integration of pro fees into standard interface
  • listings of a wider variety of coins
Coinbase is perfect for an easy method to buy and hold crypto. It is perhaps not the best option to hold large sums for long periods of time due to some ongoing security concerns. But buying and selling it is by far the easiest. Payments and transfers are also super easy, so they can be used as a transfer tool for your crypto.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Using it to trade cryptocurrency and coins for trading and investment purpose.
  • Has all the crypto currencies and coins for trading
  • provide excellent platform for crypto investment portfolio
  • Nice application with user friendly interface
  • Can improve the Application Performance
  • Customer Support should be improved
  • Can have better KYC and legal norms for more countries to serve
Using it to trade and invest in several Crypto Currencies and Coins such as BTC, LTC, Doge, and Luna, etc.
December 16, 2021

Highly Recommended

Score 10 out of 10
Vetted Review
Verified User
Review Source
We use Coinbase for trading in cryptocurrencies. Specifically, ones that are difficult to find on other trading apps such as Shiba Inu.
  • Quick and easy to make trades.
  • Little to no waiting adding funding accounts.
  • Intuitive interface.
  • Provides detailed history of trades.
  • Better charts and graphs.
  • Screens showing favorites or custom charts.
Coinbase allows trades between different currencies and with some harder-to-find currencies. It also provides necessary security features and secure transactions. I wouldn't recommend using it for trading anything other than cryptocurrencies.
Score 8 out of 10
Vetted Review
Verified User
Review Source
Coinbase is a great website to research, buy, sell, and keep up to date with the world of crypto. It has an ease of use that someone with minimal experience can pick up easily with no issues. The act of trading cryptocurrencies through Coinbase has allowed [taking] part in the many currencies that make up crypto.
  • UI looks
  • Variety of currencies
  • N/A
It is appropriate for someone who wants to get be involved with cryptocurrencies. For a novice who does not understand cryptocurrencies, Coinbase may not be a great website to use.
John La Belle | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
I don't know that Coinbase addresseses any specific business-related problems, but it helps me keep track of, buy & sell, and research cryptocurrencies for investment. It has excellent teaching tools and is constantly adding new currencies to those they trade.
  • Trading.
  • Charting.
  • Education.
  • The fees can be somewhat higher than other services for none pro accounts.
It's good for a novice user to get into the market without having to have a huge amount of knowledge. Pros might find it a bit simplistic, fee-heavy, and dislike not having direct control of their crypto wallet.
Score 7 out of 10
Vetted Review
Verified User
Review Source
Coinbase is used to manage a variety of cryptocurrencies. Coinbase offers a selection of cryptocurrencies that many other platforms do not support. The user experience is good and provides a lot of information about the various cryptocurrencies. However, I feel like Coinbase is generally suited for larger transactions rather than small-time investing.
  • Variety of cryptocurrencies.
  • User experience.
  • Ease of completing transactions.
  • Fee schedule.
  • Tax reporting.
Coinbase is suited for large transactions, not small-time investing. Fees for enacting transactions are much higher than other platforms, thus washing away any small gains that may have occurred. Coinbase provides a wide variety of cryptocurrencies that many other platforms do not support. Coinbase is good for users that want to diversify their crypto portfolio.
March 06, 2020

Super Easy

Brian Chung | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
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
It's probably one of the easiest ways to buy and trade crypto, earn crypto, and let your company start accepting cryptocurrency. We've tried other ones and it's not as easy as Coinbase. If you want to start accepting cryptocurrency into your store, this is probably the best app out of there.
I haven't needed to contact support for Coinbase yet—it's probably because it is super easy to use and very intuitive. If I were to use the support, it would probably be better than these other companies because most of the other ones come from foreign markets or aren't as big as Coinbase.
January 13, 2020

Coinbase Review

John Phillip Masagca, ME | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
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.
Coinbase is where you go to bank your cryptocurrency investment. It is safe and secure. For bitcoin fanatics, Coinbase is the way to go. Coinbase has helped me with fast transactions in the data space. Coinbase has given me the opportunity to have a safe and secure experience in cryptocurrency. I recommend that you use Coinbase if you have any involvement with bitcoin!
July 03, 2018

Love Coinbase!

Brad Henderson | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
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.
Coinbase is great for its simplicity. It is no doubt the best entry level option for someone who is new to blockchain/ cryptocurrencies and wants to begin investing in it. However, while they do have relatively low transaction fees, they don't have the lowest fees. So for someone who is doing a high volume of trading, there are other platforms that would be a better fit.
Score 5 out of 10
Vetted Review
Verified User
Review Source
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 is well-suited for the beginner purchaser of crytocurrencies. However, beware of high fees.
Jim Rubenstein | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
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.
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.
Tom Davies | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User
Review Source
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
If you are interested in making some small bitcoin purchases and beginning to explore the world of crypto, Coinbase is a good place to start. Once you are comfortable with the platform, you should graduate to more professional services with lower pricing. Coinbase is just way too expensive and their customer support is horrible if you are having issues