In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
Coinbase Australia
3.8
★★★★★
Finder score
3.9
★★★★★
Supported assets
247
Fiat currencies
4
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Our verdict

Coinbase is known as one of the easiest to use cryptocurrency exchanges in the world.

Gold Finder Awards Badge
Finder Awards winner

In October 2022, Coinbase relaunched in Australia with a suite of upgrades for Aussie traders – most notably AUD deposits and withdrawals.

The highly-anticipated overhaul makes Coinbase a much more attractive option for Aussie traders than its previous rendition, but it’s still up against some stiff competition.

The globally-renowned crypto trading platform has become a popular choice for beginner and advanced crypto users alike – and with good reason. Its UX is second to none. It is simple to sign up, navigate the exchange and start trading.

Newcomers will appreciate being able to make instant Australian dollar purchases from a linked debit card or use PayID to make free AUD deposits and withdrawals.

A full-featured app, NFT marketplace and even a pioneering learn-to-earn feature have all helped Coinbase stand out in what’s becoming a crowded marketplace

Pros

  • Learn and earn. Coinbase Learn offers you the chance to expand your crypto knowledge and earn rewards for doing so.
  • Great UX. Coinbase has one of the easiest-to-navigate user interfaces and offers a great trading experience on both its desktop and mobile platforms.
  • Trading pairs and liquidity. Coinbase consistently ranks in the top 3 exchanges for global trading volume and offers deep liquidity across its 240+ available cryptos.

Cons

  • Professional trading features. Although Coinbase does offer both simple and advanced trading options, the advanced features are less comprehensive than some other exchanges. The indicators available are limited to only 7 basic choices and the trading intervals only encompass some trading ranges.

In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name Coinbase Australia
Fiat Currencies AUD, USD, GBP, EUR
Cryptocurrencies BTC, ETH, ADA, SOL, DOT, LTC, DAI, UNI, ETC, XLM & 237 more
Deposit Methods Bank transfer
Credit card
Cryptocurrency
Debit card
PayID
Trading Fee Maker fee: 0.00 – 0.40%
Taker fee: 0.05 – 0.60%
Deposit Fees AUD: None using bank transfer or PayID
Cryptocurrency: None
Withdrawal Fees AUD: None
Cryptocurrency: Fees vary

Congratulations, Coinbase!

Coinbase received the following highly commended awards in the 2024 Product Awards:

  • 'Crypto Trading Platform – Overall'
  • 'Crypto Trading Platform – Beginners'
  • 'Crypto Trading Platform – Extra Features'
  • 'Crypto Trading Platform – Advanced Trading'
Full list of 2024 winners

Ratings breakdown: How we scored Coinbase

Supported cryptocurrencies ★★★★★
Transferring money or assets ★★★★★
Fees and costs ★★★★★
Ease of use ★★★★★
Customer service ★★★★★
Staking/earn ★★★★★
Trustworthiness/security ★★★★★

How we rate our crypto exchanges and platforms

Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology for more information.

Our score and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.

About Coinbase

Coinbase is a San Francisco-based cryptocurrency exchange platform launched in 2012 by computer engineer Brian Armstrong and Goldman Sachs trader Fred Ehrsam.

At first, Bitcoin was the only asset Coinbase supported. However, the exchange now supports 260+ digital assets and has features such as spending, trading and earning.

Coinbase is the largest cryptocurrency exchange in the United States. In April 2021, Coinbase became the first crypto exchange to go public. It trades on the Nasdaq under the ticker COIN.

Coinbase supported assets

Coinbase supports over 246 cryptocurrencies, but some notable assets are missing. Namely, BNB, Lido Staked Ether and Toncoin, which are in the top 20 cryptos by market cap. In total, 16 of the top 20 cryptos are available on Coinbase.

Popular assets on Coinbase
supports
Bitcoin (BTC)
supports
Ethereum (ETH)
supports
Tether (USDT)
does not support
BNB (BNB)
supports
Solana (SOL)
does not support
Lido Staked Ether (STETH)
supports
USDC (USDC)
supports
XRP (XRP)
does not support
Toncoin (TON)
supports
Dogecoin (DOGE)
supports
Cardano (ADA)
does not support
TRON (TRX)
supports
Avalanche (AVAX)
supports
Shiba Inu (SHIB)
supports
Wrapped Bitcoin (WBTC)
supports
Polkadot (DOT)
supports
Chainlink (LINK)
supports
Bitcoin Cash (BCH)
supports
NEAR Protocol (NEAR)
supports
Uniswap (UNI)

Coinbase fees review

Deposit and withdrawal fees

Transaction type Fee
Deposit funds AUD: None using bank transfer or PayID
Cryptocurrency: None
Withdraw funds AUD: None
Cryptocurrency: Fees vary

Coinbase uses a maker taker fee structure for spot market trading. Instant purchases incur a separate fee.

Type Fee
Maker 0.00 – 0.40%

Taker 0.05 – 0.60%

Maker fee explained. A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.

Taker fee explained. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order.

Coinbase deposit methods

  • Bank transfer
  • Credit card
  • Cryptocurrency
  • Debit card
  • PayID

How to sign up on Coinbase

Before you can get started trading on Coinbase, you'll have to go through a Know Your Customer (KYC) verification process (which usually involves proof of identification).

  1. Get started
    Visit Coinbase's site. After selecting the Get Started button, fill in the create account form.
  2. Set up payment
    Before you can start trading, you have to add your bank account to your Coinbase account. There are several options to choose from, so choose the option most compatible.
  3. Provide identification
    Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this.
  4. Start trading
    After all that is processed, you're ready to trade on Coinbase.

About the Coinbase app

The Coinbase app is available for download on Google Play (Android) and the App Store (iOS). The mobile app features all functionality available on the website, condensed into a streamlined UI.

The app is simple to navigate and offers a beginner-friendly experience. Once your account is verified, you can log in to start trading, earning and exploring the platform.

The trading charts available on the mobile app are less comprehensive than the desktop version and some competitor exchanges.

App store Rating Total reviews
Google Play 4.1 stars 765k reviews with 10m downloads
Apple Store 4.5 stars 29.7k reviews

Is Coinbase safe?

Coinbase is trusted by over 103 million users worldwide and focuses on exchange and customer asset security.

Coinbase uses state-of-the-art encryption and does not lend customer assets without permission.

Coinbase undergoes regular security audits and has insurance policies to protect the assets it custodies.

Past hacks. In October 2021, hackers used phished credentials to exploit a flaw in Coinbase's SMS account recovery procedure and steal funds from at least 6,000 customers.

Security audits. In 2020, Coinbase invited security audit firm Grant Thornton to carry out 2 security evaluations. Coinbase Custody, the cryptocurrency custody arm of the exchange, received a Service Organisation Control (SOC) 1 Type 2 and SOC 2 Type 2 audit.

The company said it would continue engaging with audit companies to conduct the SOC audits. By doing so, the company hopes to show clients that it is compliant with various security standards.

Regulation. Coinbase Australia is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services to Australian customers.

Keeping your crypto secure

All centralised exchanges, including Coinbase, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Coinbase customer support

The Coinbase help page offers answers to many frequently asked questions and can help solve common problems.

If you require additional support, the exchange has a 24/7 in-app messaging feature.

Coinbase has overwhelmingly negative reviews on Trustpilot and is rated 1.6 stars. Negative reviews are primarily regarding the closure of accounts and verification issues. Despite this, Coinbase has received generally positive reviews from Finder users.

How to reach Coinbase customer support

  • Discord
  • Email
  • FAQ page
  • Live chat

Alternatives to Coinbase

1 - 3 of 28
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
OFFER
OKX
Bank transfer, Credit card, Cryptocurrency, Debit card

1

87

Earn up to AUD$50 in BTC when you deposit and trade. T&Cs apply.
Go to site

Capital at risk

View details
Finder AwardExclusive
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, Osko, PayID

1

875

Finder exclusive: Get up to $200 BTC when you sign up and trade certain amounts. T&Cs apply.
Go to site

Capital at risk

View details
Exclusive
EXCLUSIVE
CoinSpot
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

1

469

Get $20 in BTC when you make a deposit. T&Cs apply.
Go to site

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Congratulations, Coinbase!

Coinbase won the award for 'Digital Currencies & Web3 Innovation' in the 2023 Innovation Awards.

Full list of 2023 winners
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.

Ask a question

Ask a question
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Billy Finder

Cryptocurrency writer

Hi there, looking for more information? Ask us a question.

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Avatar

Dbg

June 08, 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?


Avatar

Arnold

June 08, 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.


Learn more about GDAX, how it works and its corresponding fees.


Hope this information helps


Cheers,

Arnold


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Avatar

Igor

December 26, 2017

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


Avatar

Joanne Finder

December 28, 2017

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


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Avatar

cathy

December 23, 2017

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


Avatar

Arnold

December 28, 2017

Hi Lisa,


Thanks for your inquiry.


I’m afraid the option to sell your coins directly with Coinbase is not yet available. You can learn more about how to sell your bitcoins in Australia and to know which cryptocurrency exchange supports this. Some of the exchanges on the page will allow you to deposits in AUD. Once someone decides to buy your coins the transfers can be made automatically.

Hope this information helps


Cheers,

Arnold


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Avatar

Lisa

December 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.


Avatar

Arnold

December 21, 2017

Hi Lisa,


Thanks for your inquiry.


The option to sell your coins directly with Coinbase is not yet available. You can learn more on how to sell your bitcoins in Australia and to know which cryptocurrency exchange supports this. Some of the exchanges on the page will allow you to deposits in AUD. Once someone decides to buy your coins the transfers can be made automatically.


Hope this information helps


Cheers,

Arnold


Show more Show less
Avatar

Shai

December 14, 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.


Avatar

Harold Jacob Finder

December 15, 2017

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


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