The Coinbase trading fees are relatively high. The bank transfers payment method is charged a 1.49% fee and credit /debit card purchases are charged a 3.99% fee. These fees are quite high!
Coinbase review
Coinbase is one among the best cryptocurrency buying / reselling platforms that can be found online these days. Its platform is extremely intuitive and straightforward to find out, it’ll appeal to beginners and experts alike. If you’re trying to find a reliable and financially solid platform, Coinbase will meet all of your expectations.
Account Opening
To use the platform, you want to first register.
Nothing might be simpler: once on, just click on “Register” at the top right
Then, follow the instructions and fill within the requested information: Name, given name , E-mail …
Be careful to choose a secure and unique password!
Coinbase Security
Associating your Coinbase account with a phone number isn’t mandatory but greatly increases security. In fact, whenever a connection or transaction is attempted, you’ll be sent a unique code by SMS.
Don’t forget to try to to your identity verification to validate your account. It requires taking good quality photos of an ID. it’s the KYC: Know Your Customer policy that helps prevent fraud, money laundering and financial fraud: a further guarantee of security for you and for them.
How to fund your account
There are two possibilities, both secure, available to you:
- Buy and pay with a credit card instantly
- Buy and pay by bank transfer
If you would like to use your credit card, click on the specified crypto and choose this payment method.
If you would like to make a transfer, you will need to register your checking account in your Coinbase profile and await it to be verified. Once the verification is complete, it will take a couple of days for the cash transferred to arrive and be processed by the platform.
To convert your Euros into crypto currency, it’s extremely simple: attend the “Buy / Sell” tab, choose your payment method, and proceed with the transaction.
How Much Does Coinbase Cost?
Signing up to Coinbase is completely free.
How to Use
With its minimalist design, it is easy to navigate the different tabs:
– The Dashboard groups together the different crypto-currency prices available on the site.
– The Accounts tab is a summary of your portfolios.
Conclusion
The Coinbase platform has established itself in a very short time as the leader in buying / selling crypto-currencies from fiat currencies. It fulfils its role perfectly.
Unfortunately for all customers, the rapid success of Coinbase has led to some inconvenience: the platform is usually unavailable during sudden price fluctuations (up or down). The servers seem to be struggling to keep up!