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Coinbase

Coinbase

Overview

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…

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Recent Reviews

TrustRadius Insights

Coinbase has become a popular platform for users engaging in personal crypto trading, investment, and staking activities. Customers …
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Good crypto exchanges.

8 out of 10
July 03, 2022
Incentivized
Nice cryptocurrency exchange platform with loads of cryptocurrencies to trade and learn about the crypto world. Helps you to be updated …
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Great Product for new investors

10 out of 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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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

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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
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Product Details

What is Coinbase?

Coinbase Video

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

Coinbase Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(56)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Coinbase has become a popular platform for users engaging in personal crypto trading, investment, and staking activities. Customers appreciate Coinbase's user-friendly interface, which simplifies the process of buying and selling cryptocurrencies, saving them valuable time. With its secure platform, Coinbase serves as a reliable bank for storing and safeguarding cryptocurrency assets. Users also rely on Coinbase to keep track of their portfolios, research different coins, and stay updated with the world of crypto. Additionally, organizations in the finance industry trust Coinbase to manage and house their clients' crypto assets securely. Coinbase Pro offers advanced features for managing and trading various cryptocurrencies, giving users an overview of their invested assets. Overall, Coinbase is used by individuals and businesses alike for trading, investing, storing, and researching cryptocurrencies.

Visually Appealing Design: Users have praised Coinbase for its visually appealing design, which enhances the overall user experience. Many reviewers have mentioned that the platform's interface is smooth, bug-free, and easy to navigate, making it a pleasure to use.

User-Friendly Interface: Coinbase has been commended by numerous users for its user-friendly interface. It is extremely easy to navigate and use, even for newcomers to cryptocurrency. The intuitive design allows users to buy and sell Bitcoin and other cryptocurrencies without any hassle.

Frequent Updates: Reviewers appreciate Coinbase's frequent updates as they instill a sense of security and trust in using their services. These regular updates not only enhance the platform's functionality but also ensure that users are up-to-date with the latest features and improvements.

Difficulty adjusting to frequent updates: Some users have expressed difficulty in adapting to the platform's frequent updates, which often come with changes in layout and make it harder for them to navigate. These users find it challenging to keep up with the changes and may struggle to find their way around the platform.

Limited transfer options for trade portfolios: A common concern among users is the platform's restriction on transferring trade portfolios to other applications like Venmo, CashApp, or PayPal. This limitation prevents users from easily managing their portfolios across different platforms and can be frustrating for those who prefer using multiple applications for their financial needs.

High fees compared to competitors: Many reviewers believe that Coinbase charges relatively high fees when compared to other platforms in the industry. Users express dissatisfaction with these fees, especially considering that they are imposed on top of the fees already charged by crypto networks. The higher cost associated with trading on Coinbase is seen as a disadvantage compared to other platforms that offer lower fee structures.

Attribute Ratings

Reviews

(1-25 of 28)
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Score 6 out of 10
Vetted Review
Verified User
I recommend Coinbase because of its easy-to-use interface that allows us to buy crypto with a few clicks. If I make customer support the number one priority then I will not recommend it. We need to wait several weeks to get solve our issue after contacting the Coinbase support team.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Again, we use Coinbase at least several times per month to complete customer sales transactions. We have integrated this into our invoicing process. Coinbase's exchange is well suited to quickly and safely, transfer funds to our accounts without dealing with paper checks lost in the mail. Overall, it has improved the time it takes to get payment from weeks to days. There really are no disadvantages, except when customers insist on paying by paper check. We found that you cannot get around that entirely, but by offering other methods like Coinbase, we are able to accommodate just about every situation to get paid.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I think Coinbase is extremely suitable for people who are just starting to get into crypto-related activities. Based on how easy it is to use along with the brand recognition I think it offers beginners a better sense of security. Just like all trading platforms, it is extremely easy to get carried away as you only have to confirm your purchase twice and it goes through. It would not be very suitable for those who have little self-control.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
It's a good exchange platform, but there are other competitors which have smaller fees, offer multiple cryptocurrencies, and more choices for the user and opportunities to earn money with their money. They still have some space to improve their services, but seem to be on the good road as they care about their customers.
RASHAB KAUSHIK | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
It is a great app for someone who is just starting in crypto and has no prior knowledge as to how crypto/web3 works. It is simple to use. Anyone, even those with no prior platform experience, can easily utilize it. The platform has strict security measures in place, including two-factor authentication.
Anmol Dubey | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Coinbase is well-suited for locating practically any available verified cryptocurrency on the market today. It offers a simple way for users to invest in and use new cryptocurrency based on their requirements. They also give useful information on numerous currencies to assist users educate themselves about their purchases/trades. Coinbase is also beneficial to those who wish to diversify their cryptocurrency investments.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Coinbase is well suited to the beginning investor, or someone who wants to learn more about Crytpo. While not all forms of Crypto are available for purchase outside of Coinbase Wallet, the variety is great. Also, the way their graphs display performance over time is so convenient, we do not have to do excessive outside research, because Coinbase is great at keeping relevant information in one place.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
The thing about Coinbase is that they speak to the general population when it comes to trading and managing crypto. Both newcomers and skilled traders can open an account and start trading fairly quickly once everything is verified. It's very well suited for somebody who has zero experience in trading and was all the hype when bitcoin went from 1K-30K+. The platform however has major flaws because it does attract so many consumers to this space. Unlike a Merrill Lynch account or a traditional bank account, you're never going to have that option of calling in and asking to speak with a financial advisor on crypto. As many people are within this space, you are practically on your own which isn't a good thing considering the high fees they charge and the risk class associated with Crypto. I would imagine most people who are more tenured in this space do not use Coinbase for their daily trading.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
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.
CharRon E. Smith | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
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
Incentivized
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 6 out of 10
Vetted Review
Verified User
Incentivized
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
Incentivized
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 7 out of 10
Vetted Review
Verified User
Incentivized
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
Incentivized
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.
January 13, 2020

Coinbase Review

John Phillip Masagca, ME | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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
Incentivized
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.
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