Coinbase

ABOUT: Launched in San Francisco in 2012, Coinbase operates in 32 countries and has served over 12 million customers to exchange over $40 billion in digital currencies. By 2013, Coinbase was the highest funded Bitcoin startup as well as the largest exchange of cryptocurrency in the world. Unlike other exchanges that require users to trade on a market, Coinbase allows users to trade their cryptocurrency at a set price that is based on their market value, which allows users to purchase their cryptocurrencies faster than other exchanges. Coinbase is also one of the few cryptocurrency exchanges that accepts credit cards (in addition to bank transfers). It is one of the most popular exchanges.

PLATFORM: Coinbase uses the exchange platform called GDAX – Global Digital Asset Exchange. GDAX records every transaction including volume and price levels of not only Bitcoin trades, but also Ethereum and Litecoin. GDAX allows users to quickly engage in multiple trades without having to initiate bank transfers for each trade which could be delayed for a couple of days. The cryptocurrency exchange also has margin trading as an additional feature for institutional investors. The platform is so simple that it can be handled by everybody with some basic knowledge of English.

FREE DEMO ACCOUNT: Doesn’t have. You should practice on some other platform.

WITHDRAWAL: In order to withdraw money from Coinbase it says that you have to verify your bank account by depositing money (any small amount over €6) via a SEPA transfer. Once the deposited money is available in your ‘EURO’ Wallet it can then be withdrawn. The time it takes for the bitcoins to arrive in your wallet and be spendable depends on your country and payment method used. When you place a sell order or withdraw USD to a US bank account, the money usually arrives within 1-2 business days. For European customers, since their local currency is stored within Coinbase account, all buys and sells occur instantly. Withdrawing to bank account via SEPA transfer generally takes 1-2 business days. Withdrawal by wire should complete by the next business day. Customers in the US, EU, UK, CA, and AUS, will be able to withdraw or sell cryptocurrency instantly using PayPal.

CUSTOMER SUPPORT: Coinbase does not offer customer support through live chat. Luckily, there is still a way to get a real human being to help you with your Coinbase customer service problem, and that’s by calling them on the phone. The reason why most customers are looking to chat with Coinbase is because they have Contact Customer Service, Account access, Account hacked, Verification, Account disabled and other customer service issues, but they then usually end up using other tools or information that GetHuman provides to actually resolve the problem. Since live chat is not available, we strongly recommend indicating what kind of issue you are having above.

They said about Coinbase

* My personal opinion is this – if possible, use Coinbase to buy cryptocurrencies, the service is solid.

* Excellent broker to be completely honest there are literally far better ones

* We trade with only CoinBase at this moment, facts why I really like CoinBase:

  • Good company
  • Very good dashboard
  • They are trying to add every month a lot of coins
  • Very good fees
  • Great community