A leading U.S.-based exchange known for its regulatory compliance, user-friendly interface, and support for fiat-to-crypto transactions.
What is Coinbase?
Coinbase Exchange is a prominent US-based cryptocurrency trading and investment platform, facilitating easy buying, selling, exchanging, and secure storage of various cryptocurrencies. The platform caters to both beginners and advanced traders, offering a user-friendly interface and basic transaction support, while also providing Coinbase Pro for professional traders with enhanced trade execution and lower fees.
Founders of Coinbase Exchange:
Established in 2012, Coinbase Exchange was founded by Brian Armstrong, a former Airbnb engineer, and Fred Ehrsam, a former Goldman Sachs trader. Brian Armstrong currently serves as the CEO, bringing his background in economics and computer science. Fred Ehrsam, with a degree in computer science and economics, co-founded Coinbase and later went on to establish the cryptocurrency investment firm Paradigm after leaving Coinbase in 2017.
Launch Date of Coinbase Exchange:
Coinbase Global, Inc. was launched in June 2012, with its headquarters in San Francisco, California, USA.
Location of Coinbase Exchange:
While Coinbase doesn't have a physical headquarters, it operates with the trust of US regulators. All employees work remotely.
Restricted Countries on Coinbase Exchange:
Coinbase is accessible in over 100 countries, although some functionalities may be restricted in specific regions. The complete list of supported countries can be found on the official website.
Supported Coins on Coinbase Exchange:
The platform supports trading for over 150 cryptocurrencies, including popular options such as BTC, ETH, AVAX, SOL, ADA, USDC, DOGE, MATIC, and USDT.
Fees on Coinbase Exchange:
Exchange fees on Coinbase follow a maker-taker model, ranging from 0.00% to 0.40% for maker fees and 0.05% to 0.60% for taker fees. Fees vary based on the total USD trailing 30-day trading volume. Stable Pairs have fixed fees (0.00% maker, 0.001% taker). Fiat deposit and withdrawal fees differ, with options like ACH, Wire, SEPA, and SWIFT, each having its associated fee structure.
Leverage and Margin Trading on Coinbase Exchange:
In February 2020, Coinbase Pro introduced leverage of up to 3X on USD-quoted books. However, in November 2020, margin trading was disabled due to regulatory changes.
What are the trading fees on Coinbase?
Exchange fees on Coinbase follow a maker-taker model, ranging from 0.00% to 0.40% for maker fees and 0.05% to 0.60% for taker fees. Fees vary based on the total USD trailing 30-day trading volume. Stable Pairs have fixed fees (0.00% maker, 0.001% taker). Fiat deposit and withdrawal fees differ, with options like ACH, Wire, SEPA, and SWIFT, each having its associated fee structure.
Does Coinbase offer leverage trading?
In February 2020, Coinbase Pro introduced leverage of up to 3X on USD-quoted books. However, in November 2020, margin trading was disabled due to regulatory changes.
Is there a research audit report for Coinbase?
Is Coinbase safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
