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A Wide Variety of Currencies but Higher than Normal Fees
December 13, 2021

A Wide Variety of Currencies but Higher than Normal Fees

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Modules Used

  • Coinbase Exchange

Overall Satisfaction with Coinbase

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.
  • Variety of cryptocurrencies.
  • Fee schedule (or rather the poor fee schedule).
  • The variety of currencies provides diversification.
  • The fee schedules can wipe out small gains.

Do you think Coinbase delivers good value for the price?

Not sure

Are you happy with Coinbase's feature set?

Yes

Did Coinbase live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Coinbase go as expected?

I wasn't involved with the implementation phase

Would you buy Coinbase again?

No

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.