What Cryptos Are Available On Coinbase

Image to accompany review of cryptocurrency exchange Coinbase

Illustration / NextAdvisor

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How Nosotros Brand Coin.

If yous’ve heard of whatever cryptocurrency exchange, it’s probably Coinbase.

Bitcoin early adopters have been ownership and trading coins on Coinbase since 2012, but the platform gained mainstream attention in 2021 when it became the beginning crypto exchange to go public on the Nasdaq.

Today, more than 73 meg users are trading over $300 billion worth of cryptocurrency on Coinbase each quarter. It has the second-highest trade volume of all exchanges, according to crypto data house CoinMarketCap.

Here’due south what y’all need to know about buying, selling, and property cryptocurrency on Coinbase:

Pros and Cons of Coinbase

Pros

  • Simple interface for beginners

  • Educational tools

  • More than than 150 cryptocurrencies to choose from

  • Strong security measures

  • Low minimum to fund account

Cons

  • High fees compared to some other exchanges

  • No control of your own private keys when you keep coins on your business relationship

Coinbase At a Glance

  • Over 150 cryptocurrencies supported
  • Trading fees include spread and Coinbase Fee
  • Free wallet service with private central access, or you tin keep your crypto on your Coinbase business relationship
  • $2 minimum to buy or sell
  • Insurance policy against loss from theft, and stores a bulk of digital assets offline
  • Account accessible through online browser or mobile app
  • Instruction hub and crypto rewards for learning
  • Coinbase Pro upgrade selection

Cryptocurrencies Available on Coinbase

Coinbase supports more than than l different cryptocurrencies. You’ll find each of the most common cryptos listed on Coinbase, including the following:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Avalanche (AVAX)
  • Solana (SOL)
  • Cardano (ADA)
  • USD Money (USDC)
  • Dogecoin (DOGE)
  • Polygon (MATIC)
  • Tether (USDT)

Dissimilar coins have unlike trading restrictions and minimum and maximum withdrawal amounts. Some tin can just be traded for certain fiat currencies like the U.S. dollar or converted to or from other cryptocurrencies. You may also be restricted from trading some coins based on the land or state you’re located in. Coinbase’s website offers an overview of these restrictions for each of its supported cryptocurrencies.

Coinbase Fees

I of Coinbase’s biggest drawbacks compared to other exchanges is its pricey fee schedule.

When you brand a cryptocurrency transaction on Coinbase — like ownership Bitcoin, or exchanging your Ethereum back into U.S. dollars — you lot’ll exist charged both a spread and a Coinbase fee.

The spread is the difference (or margin) betwixt the market place price and the cost you lot really pay for a purchase or receive for a auction. You can compare it to the committee or trading fee you lot might pay when you invest using a brokerage business relationship.

Coinbase’s spread is equal to about 0.fifty% of your crypto sales and purchases, though it tin can fluctuate based on the market. For cryptocurrency conversions — trading Bitcoin for Ethereum, for example — you may be charged a spread of upwards to ii.00%, based on market place fluctuations. However, there’s no Coinbase Fee for converting your crypto coins to other cryptocurrencies.

The Coinbase Fee can too vary, depending on your payment method, location and other factors. Information technology may be either a flat fee or a percentage of your transaction, just will e’er exist the greater between the two.

Here’south a comparison of the flat vs. percentage Coinbase fee for U.Southward. users:

Flat fee

Total Transaction Amount Fee
$10 or less $0.99
More $10 simply less than or equal to $25 $1.49
More than than $25 but less than or equal to $fifty $one.99
More than $50 but less than or equal to $200 $two.99

Per centum

Payment Method (For Purchase or Sale) Fee
U.Due south. Bank Business relationship 1.49%
Coinbase USD Wallet i.49%
Debit Card or PayPal three.99%
Instant Bill of fare Withdrawal Upwards to i.5% (minimum $0.55)

And then if you lot buy $50 worth of Bitcoin on Coinbase through a banking company transfer, yous’ll exist charged a spread of about $0.25, every bit well as the $1.99 apartment fee (since that’southward greater than the 1.49% alternative fee). That means you lot’ll actually terminate up with well-nigh $47.76 worth of Bitcoin. That may not seem like much, merely it adds upward the more y’all buy.

Other Coinbase Fees

You can also cull to deposit cash into your Coinbase USD wallet, and buy crypto from that wallet later on (for the ane.49% fee described to a higher place). Because crypto prices move so quickly, keeping USD in your Coinbase wallet can assistance you avoid potentially lengthy bank transfers — like if you desire to human action on a sudden price drop, for instance. Here are the fees associated with depositing USD into Coinbase:

Deposit method Fee
ACH Transfer Gratis
Wire Transfer $10 ($25 outgoing)
PayPal ii.v%

Coinbase Security

Unlike cash in the banking concern, cryptocurrency is not protected nether any federal regulations.

Coinbase says it stores 98% of customers’ crypto offline, in cold storage (the remaining 2% is used to facilitate trading volume). The exchange also has an insurance policy to protect crypto holdings. Experts say robust measures such as this are why a mainstream exchange like Coinbase might be worth the extra fees.

Still, there’s no guarantee that your coins will exist restored to your wallet if your crypto is stolen in a massive security breach. In that instance, “we will endeavor to make you whole,” Coinbase says on its website. “However, total losses may exceed insurance recoveries so your funds may nevertheless be lost.”

The insurance policy also does not encompass losses that result from unauthorized access to your personal account. In other words, if your identity is stolen or someone figures out your Coinbase account password and steals from your wallet, you may not be able to recover information technology.

Though information technology can exist helpful for faster trades, most people don’t demand to shop cash on Coinbase (just every bit you wouldn’t go on uninvested cash in a conventional investment account). Only any greenbacks holdings you practise go along on the exchange are pooled with other users in 1 of three ways: held in U.South. bank accounts, or invested in U.S. Treasuries or money marketplace funds. You have no say in which method your cash is kept, but Coinbase says the money kept in bank accounts as cash is FDIC-insured upwards to the current maximum of $250,000.

Other security measures include 2-step hallmark, biometric logins (like fingerprint and Confront ID), and data encryption. Always protect your own personal security by using strong passwords, non repeating passwords across accounts, enabling 2-gene authentication, and monitoring your accounts regularly for any unauthorized activeness.

Boosted Details

In general, experts say information technology’s smart to stick to cryptocurrency exchanges that are popular and already take a big customer base. Coinbase is arguably the nigh well-known of traditional cryptocurrency exchanges, and has been around for a long fourth dimension compared to many others. Its contempo appearance on the Nasdaq also means users tin get a better glimpse into the health of Coinbase as a platform, since its financials are now public.

Coinbase Earn

Teaching is a big part of investing in crypto, especially for beginners. Coinbase offers a Coinbase Acquire hub with beginner’due south guides to different coins and uses of cryptocurrency, regular updates near what’s going on in the market, and recommendations for more resources.

It also incentivizes users to actively larn through Coinbase Earn. You can watch brusk videos and have quizzes about specific altcoins, and Coinbase will deposit a small amount of that crypto into your wallet as a reward. Because altcoins mostly aren’t recommended for long-term investing, you lot can convert these lesser-known coins into Bitcoin or Ethereum one time you earn them. Simply remember to keep track of these transactions, as every crypto-to-crypto trade is taxable.

Coinbase Wallet

Coinbase offers dissimilar options when it comes to crypto storage.

First, you can store your crypto on Coinbase. This is the simplest choice — just log into your account, buy your crypto, and leave it inside your account. You won’t have access to your private keys by doing this; instead, your coins’ security volition rely on Coinbase’s security measures (and your own account protections).

Yous tin also choose to motion your holdings onto Coinbase’s divide hot wallet software, Coinbase Wallet. This is a dissever app that you would download, and unlike keeping your coins on Coinbase, does give you control over your private keys. That control means you can practise more than with your crypto, like move coins between wallets and participate in other decentralized finance activities that require crypto transfers and payments outside the substitution. Merely if yous’re simply looking to buy and hold Bitcoin or another crypto for its value as an asset, it’due south not necessary.

Coinbase Pro

Coinbase offers another free exchange platform chosen Coinbase Pro, which charges lower fees and additional features for people interested in actively trading crypto.

If you lot’re but starting out and learning about cryptocurrency — or you’re interested in crypto as a long-term store of value — Coinbase Pro’southward advanced features are probably non necessary. But if you lot’re looking to purchase and sell coins more actively, Coinbase Pro offers boosted tools and reports, also every bit cheaper trades, that y’all might benefit from.

Who Is Coinbase Best For?

Coinbase’s easy-to-use interface, educational tools, and strong security measures make information technology a great option for anyone looking to begin investing in cryptocurrency.

If y’all’re only looking to put some extra cash into Bitcoin equally a long-term investment, Coinbase simplifies the process. Yous can merely purchase your coins, leave them on Coinbase, and track their value over time.


Simply it’southward also a practiced option to abound with you lot every bit you lot learn more about crypto. It’s non lacking in any major services you would find elsewhere, between numerous dissimilar currency offerings and the Coinbase Wallet selection. If you do eventually choose to invest across Bitcoin or agree your ain private keys, Coinbase is even so a peachy starting betoken.

The biggest downside to Coinbase is its fees, which tin be college than some other exchanges. However, for most general investors, they’re a modest toll to pay for the convenience, range of features, and security you’ll get in return.

Coinbase Compared to Other Crypto Platforms

Coinbase Gemini eToro
Coins 150+ cryptocurrencies 70+ cryptocurrencies 50+ cryptocurrencies
Fees 0.l% spread; Trading fee between one.49% and 3.99% (or $0.99 to $2.99 flat fee) 0.50% convenience fee; $0.99 to $two.99 transaction fee; 1.49% transaction fee for trades over $200 0.75%-4.ix% spread (varies past crypto)
Wallet Storage Keep coins on Coinbase account, Coinbase Wallet choice, or transfer to your ain wallet Keep coins on Gemini account, Gemini Wallet option, or transfer to your own wallet Go along coins on eToro trading platform business relationship, motility them to an eToro wallet, or transfer to your own wallet
Minimum Merchandise $2 Equal to the smallest amount of each coin that tin exist traded (0.00001 BTC) $25

Frequently Asked Questions

Can I trust Coinbase?

Investing in cryptocurrency is inherently risky, and your crypto is a speculative asset at best. Just if you’re OK with the gamble (and take your other financial priorities covered), Coinbase is a secure and legitimate exchange to utilise.

You can’t protect your holdings from market fluctuations, but Coinbase has a relatively longstanding reputation and secure safety measures in place to protect the money you put into it.

How practise I withdraw coin from Coinbase?

Yous can withdraw your money from Coinbase back to your bank. You’ll only need to sell your cryptocurrency on the exchange. The money from the sale volition enter your USD Wallet on Coinbase, and then you tin can withdraw the funds to your banking concern.

You lot can also send crypto from your Coinbase business relationship to your own wallet equally long as you have your wallet address, though you lot may incur a fee.

Is Coinbase regulated?

Coinbase is licensed to engage in money transmission in most U.S. states, and is required to complycomplies with laws and regulations in each state in which it operates. Coinbase has to comply with a number of financial services and consumer protection laws, co-ordinate to its website.

Does Coinbase have customer service?

Coinbase offers customer support via e-mail, phone, or alive messenger. The Coinbase website too has a designated help center if you’re looking for quick answers to whatever questions. If you think your business relationship has been hacked, or at that place’s suspicious activity, in that location is an automated phone system you tin call to lock your account.

Source: https://time.com/nextadvisor/investing/cryptocurrency/coinbase-review/

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