Coinbase is great for all levels of crypto enthusiasts.
July 03, 2022

Coinbase is great for all levels of crypto enthusiasts.

Mark Wong | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Modules Used

  • Coinbase Pro
  • Coinbase Exchange

Overall Satisfaction with Coinbase

I personally don't use the Coinbase modules for any of my organizational/business needs (I actually don't think anyone does). I use Coinbase for personal crypto trading, investment, and staking purposes. Sometimes I also use the Coinbase modules to send and receive crypto from and to businesses and or my friends.

Pros

  • Coinbase has a really nice looking design which offers for a better user experience.
  • Coinbase is extremely easy to use.
  • Coinbase does a great job delivering company news/changes to its users.
  • Coinbase offers frequent updates which makes you feel more secure using their services.

Cons

  • Sometimes the frequent updates also come with a change in layout which usually makes it harder to adjust.
  • Wish the normal version also offered auto-purchases (available in PRO).
  • A larger and more centralized crypto news + advice would be nice to have.
  • Crypto Trading, Investing, Staking.
  • Crypto news and updates.
  • Semi-secure crypto storing.
  • Crypto has always been a gamble. Right now we are in a recession but I believe long-term using Coinbase will yield at least 5x in returns.
  • As mentioned - crypto is a gamble. You can easily also lose all of your investments if crypto turns out to be a scam.
  • As a business getting paid in crypto can be a great move if you are willing to take that risk and sit on it for a few years. Coinbase makes those payments easy.
Coinbase and robinhood both offer crypto trading and investing. Coinbase, however, also offers to stake along with sending and receiving crypto. It's also nice that Coinbase focuses on crypto rather than also offering the purchasing and selling of stocks. Coinbase also does a better job of trying to educate their users about each crypto and often offers free crypto with that education. I use Coinbase for crypto trading/purchasing for those reasons.

Do you think Coinbase delivers good value for the price?

Yes

Are you happy with Coinbase's feature set?

Yes

Did Coinbase live up to sales and marketing promises?

Yes

Did implementation of Coinbase go as expected?

Yes

Would you buy Coinbase again?

Yes

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.

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