Coinbase Review 2024: The Best Crypto Exchange for Beginners?

Coinbase Advanced is for experienced and sophisticated users who want more control and flexibility over their crypto trading. In the UK and Europe, Coinbase is authorized by the Financial Conduct Authority as an e-money institution. This allows them to issue and redeem e-money, as well as offer payment services.

However, the entry-level option makes it difficult to know what fees you’ll be paying and there can be layers of different costs. Coinbase also continues to find itself in the crosshairs of regulators as the crypto industry evolves. While the regulatory picture is unclear in the U.S., that is true for all crypto exchanges.

Coinbase Overall Rating

As a result, Coinbase has AML (Anti-Money Laundering) and KYC (Know Your Customer) practices much like any regular bank. If you are submitting a support ticket via email, you can expect a response within hours (from personal experience). Our goal is to simplify and explain in clear language, what can be a confusing jumble of terms and concepts. We hope to provide clear, unbiased facts so people can make up their own mind about important financial decisions. As long as your concern isn’t linked to a potential account compromise, the vast majority of questions and concerns can be solved via the platform’s highly extensive help centre.

Every person who has suffered a loss due to the event will be compensated. Even the most secure system in the world is not immune to human vulnerabilities. Therefore, all users are encouraged to be vigilant and never entrust the security of their assets to third parties.

Coinbase review: pros and cons

The company went public in April 2021, and since then has maintained its spot in the public eye. Coinbase has an easy-to-use platform, but a complicated fee structure. Staking is when a cryptocurrency is locked up on an exchange—usually for proof-of-stake validation—that allows the crypto owner to earn a yield.

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced https://www.tokenexus.com/coinbase-review/ functionality. Yes, Coinbase offers special bonuses when you use the Coinbase Card. This card works more like a standard Visa debit card, and you can use it to transact in crypto or in fiat.