Coinbase cryptocurrency exchange | August 2019 review

Coinbase Digital Currency Exchange
Coinbase Digital Currency Exchange
  • Buy and sell major cryptos
  • Easy to use
  • 24/7 phone support
  • Tried and tested
Find out more Go to site

Buy and sell cryptocurrency at one of the world's biggest beginner-friendly crypto exchanges.

Quick verdict

Great for:
  • First-time crypto buyers
  • Easily sending and holding crypto
  • Its customer service
Not so great for:
  • The fees
  • Active trading
  • Coin selection

Check out our full list of pros and cons or read on.

Product Name Coinbase Digital Currency Exchange
Fiat Currencies AUD, USD, EUR, GBP, CAD, CNY & 50+ more
Cryptocurrencies BTC, ETH, XRP, BCH, EOS, LTC, XLM, ETC, ZEC, ZRX, REP, BAT, LINK, DAI, USDC
Deposit Methods Credit card
Debit card
Trading Fee Fees vary
Deposit Fees Credit/debit card: 3.99%
SEPA: €0. U.S Bank transfer: 1.49% (US$0.15 min.)
Coinbase USD wallet: 1.49%
ACH Transfer USD: $0
Wire transfer USD: $10
Withdrawal Fees SEPA: €0.15
U.S Bank transfer: 1.49% (US$0.15 min.)
Coinbase USD wallet: 1.49%
Wire transfer USD: $25
Coinbase Coinbase

$10 of free bitcoin on Coinbase

Get US$10 in free bitcoin when you buy US$100 or more of any cryptocurrency.

Last verified

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: AUD, USD, EUR, GBP, CAD, CNY & 50+ more
  • Supported cryptocurrencies: Approximately 15 cryptocurrencies
*Availability varies by location

Which payment methods are accepted?

  • Credit card
  • Debit card
Go to Coinbase's website

What's it like to use Coinbase?

Fees and limits

Platform trading fees

You will be charged the higher of either the flat fee or the variable fee for buying and selling.

All fees listed here are in US dollars unless otherwise specified and accurate as of 28 April 2019.

Flat fees

Transaction value Fee
$10 or less $0.99
$10 to $25 $1.49
$25 to $50 $1.99
$50 or more $2.99

Variable fees

The variable fees depend on your location, payment method and whether you're placing a "standard" order or an "instant buy/sell".


Deposit and withdrawal fees

All deposit and withdrawal fees are included in the platform trading fees.

Transaction fees

Transfer type Fee
Transfers between Coinbase wallets Free
Transfers to an outside crypto wallet Network fees

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Near-instant to 5 days

  • Bank transfer
    May take up to 5 business days to arrive

  • Card and Coinbase wallet purchases
    Purchases will complete instantly

  • Deposits from wallets
    Within minutes

Withdrawals and transfers

Clock icon for transfer speed

Near-instant to 1-2 days

  • Wallet transfers between Coinbase wallets
    Typically complete immediately

  • Withdrawals and sell orders
    Usually take 1-2 business days to arrive in your bank account

  • Sending outside Coinbase wallets
    Typically a few minutes, depending on the state of the network, the cryptocurrency and the network fees

Is Coinbase safe to use?

  • Regulation. Coinbase holds a wide range of licenses in different US states, including the New York BitLicense, and money transmitter licenses in different states.
  • Verification process. Coinbase requires users to get verified to trade.
  • Security features. Coinbase recommends 2FA to protect accounts and follows (and leads) industry best practices such as keeping the majority of customer funds in cold storage.

Coinbase was founded in 2012 and has never been hacked.

How do I create an account at Coinbase?

Go to Coinbase's website

What else do I need to know about Coinbase?

Coinbase is one of the world's best-known cryptocurrency exchanges. It was founded in 2012 and as of November 2017 claimed to have 13.3 million users.

It initially began as a way of simply buying, selling and transferring cryptocurrency, but has expanded to offer a wide range of services beyond that.

In a nutshell

Pros

  • Easy. Coinbase is renowned for making the entire buying process simple.
  • Tried and tested. Coinbase has been one of the world's best-known exchanges for years and has never been hacked.
  • Wide service range. Try Coinbase Earn to get some free crypto, and Coinbase Learn to get some free education and more.
  • Customer service. Coinbase is one of few crypto exchanges to offer 24/7 phone support.

Cons

  • Expensive. The fees vary but will typically be higher than what you can find elsewhere.
  • Limited coin selection. Coinbase has a limited range of cryptocurrencies.
  • Availability varies. The platform itself, its crypto offerings and its service availability varies by location
Go to Coinbase's website

Compare Coinbase against other exchanges

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
BPAY
Cash
Cryptocurrency
POLi
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG, SKY, NAS, LINK, GO & over 100+ more
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Credit card
Debit card
Neteller
PayPal
Wire transfer
Yandex Money
China Union Pay
Giropay (Sofortüberweisung)
Skrill Limited UK
WebMoney
Wire
Local Online Banking
EUR, GBP, NZD, USD, AUD, CAD, CHF, NOK, ZAR, JPY, SEK, TRY, HUF, PLN
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, BNB, XTZ
Disclaimer: Highly volatile investment product. Your capital is at risk. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Bank transfer
Cryptocurrency
AUD, EUR
BTC, ETH, XRP, LTC, BCH, EOS
Use AUD and EUR to get cryptocurrency through an international exchange and app.

Compare up to 4 providers

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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18 Responses

  1. Default Gravatar
    DbgJune 8, 2018

    Hey i am fr Australia and I want to know that GDAX which is now coinbase PRO, can i trade bitcoin in gdax or coinbase pro being Australian citizen? And also one more thing, if i buy or sell bitcoin through my Australia bank account is there any TAX i have to pay for trading cryptocurrency?

    • Default Gravatar
      ArnoldJune 8, 2018

      Hi Dbg,

      Thanks for your inquiry

      Yes, You are able to trade with GDAX in Australia. GDAX currently operates in Australia, the United States, Europe (including the UK), Canada and Singapore. However, GDAX currently only offers limited crypto-to-crypto pairs in Australia: ETH/BTC and LTC/BTC

      All traders using GDAX have the responsibility to self-report and pay taxes on
      all taxable gains. It would be best to consult with your accountant or tax advisor to ensure that you file
      and pay taxes correctly.

      For more information about GDAX, how it works and its corresponding fees, Please click on this link.

      Hope this information helps

      Cheers,
      Arnold

  2. Default Gravatar
    IgorDecember 26, 2017

    Can I purchase other cryptocurrency or just what is listed in your app?

    • Avatarfinder Customer Care
      JoanneDecember 28, 2017Staff

      Hi Igor,

      Thank you for visiting finder, we are an Australian financial comparison website and general information service.

      The digital Currencies or other tokens that are not listed on their page are not supported by Coinbase. Coinbase is unable to process any transaction made using an unsupported Digital Currency.

      Hope this helps,
      Joanne

  3. Default Gravatar
    cathyDecember 23, 2017

    How do I cash in LTC from coinbase if I live in Australia?

    • Default Gravatar
      ArnoldDecember 28, 2017

      Hi Lisa,

      Thanks for your inquiry

      I’m afraid the option to sell your coins directly Coinbase is not yet available. You may check more options on how to sell your bitcoins on other exchanges by clicking on this page. Some of the exchanges on the page I gave you allows deposits in AUD. Once someone decides to buy your coins the transfers can made automatically.

      Hope this information helps

      Cheers,
      Arnold

  4. Default Gravatar
    LisaDecember 17, 2017

    Hi – I am in Australia using an Australian Bank account. I want to understand – if I cannot cash out in Australian Dollars what does that mean in terms of getting the money out? Can I cash out in USD and then still send it to my Australian Bank Account? Thanks.

    • Default Gravatar
      ArnoldDecember 22, 2017

      Hi Lisa,

      Thanks for your inquiry

      The option to sell your coins directly Coinbase is not yet available. If you want to know more about how to sell your bitcoins on other exchanges, please click on this page. Some of the exchanges on the page I gave you allows deposits in AUD. Once someone decides to buy your coins the transfers can made automatically.

      Hope this information helps

      Cheers,
      Arnold

  5. Default Gravatar
    ShaiDecember 15, 2017

    Hi,

    Can I transfer bitcoin to another person’s wallet in another country? If yes, how quick is the transfer service and what is the fees involved?

    Thanks in advance.

    • Avatarfinder Customer Care
      HaroldDecember 15, 2017Staff

      Hi Shai,

      Thank you for your inquiry.

      As per checking yes, it’s possible to transfer bitcoin to another person’s wallet in another country. Transferring bitcoin works exactly the same no matter which country you’re sending it to. The transfer and fees involved depending on how busy the bitcoin network is at the time of transfer.

      I hope this information has helped.

      Cheers,
      Harold

  6. Default Gravatar
    JustinDecember 13, 2017

    Hi,

    What is the best way to sell Bitcoin and ETH while waiting for the ‘selling’ option to be available in Australia? Thanks

    • Avatarfinder Customer Care
      MayDecember 19, 2017Staff

      Hi Justin,

      Thank you for your inquiry.

      There are exchanges that you can check on this page that let you sell Bitcoin in different ways and prices. On that same page, you can find a helpful on how you do the selling. While on this page, you would find great information about Ethereum/ETH and the exchanges that support this type of crypto.

      Hope this helps.

      Cheers,
      May

  7. Default Gravatar
    BarryDecember 9, 2017

    If I use coinbase as my exchange can I buy other cons other than the 5 listed such as Ripple, iota, dash etc
    Thank you

    • Avatarfinder Customer Care
      DeeDecember 25, 2017Staff

      Hi Barry,

      Thanks for your question.

      With Coinbase, you can only buy its supported currencies which include Bitcoin, Litecoin, Ethereum and Bitcoin Cash.

      I hope this helps.

      Cheers,
      Anndy

  8. Default Gravatar
    1redbackNovember 29, 2017

    Hi when will coinbase have the sell bitcoin option in Australia?

    • Avatarfinder Customer Care
      MayNovember 30, 2017Staff

      Hi 1redback,

      Thanks for your question.

      At the moment, we don’t have information as to when the Coinbase sell feature be available anytime soon in Australia. If ever we have, we will immediately post and update our page. Just continue to check back for any updates.

      Cheers,
      May

  9. Default Gravatar
    JohnNovember 10, 2017

    When will the sell option be available in Coinbase in Australia

    • Avatarfinder Customer Care
      RenchNovember 10, 2017Staff

      Hi John,

      Thanks for your inquiry. Please note that we are not affiliated with Coinbase or any company we feature on our site and so we can only offer you general advice.

      Unfortunately, the sell feature is not available in Australia. You may contact Coinbase directly by visiting their official site and inquire further.

      Kind regards,
      Rench

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