Coinbase Exchange Pros and Cons

Easy UI, Secure wallet system, Language support Review collected by and hosted on G2.com.

using the app in simple mode is harder than using it in advance mode. Review collected by and hosted on G2.com.

Simple and easy-to-use platform. One thing which I really appreciate is there to the point KYC verification This was one of the first cryptocurrency trading applications worldwide. One can transfer many digital currency coins from his or her Coinbase exchange to different wallet applications. Off lately Coinbase has started giving revenue for our idle-based coins from 1% annually to up to 12%. This is something quite unique and earlier only seen in storage wallets and not on crypto exchange trading platforms. While I would like to caution all to trade with cryptocurrency as a whole in a careful manner ever since US Ukraine Russia crisis this market has only seen a downward trajectory Review collected by and hosted on G2.com.

Ever since there has been a crackdown by US SEC , the coin base has lost its credibility. I feel quite unsafe to trade on this platform honestly now. I would honestly request people avoid this platform altogether. Also the majority of times new coins are listed very late on Coinbase due to which we lose our early bird advantage and are not able to cap in on rising prices. Recently they delisted civic coin making a huge loss for me, while it is still available on other platforms Review collected by and hosted on G2.com.

I liked the diversity of options.

The menus were difficult to learn and understand, but functional. Review collected by and hosted on G2.com.

1. Most important, it was incredibly slow in returning my money, like "days" slow!!!

2. Due to transactional errors on Coinbase's part, I ended up "double charged" on my bank account, and finally ended up with an account I've had for years - FORCEFULLY CLOSED because of suspected fraud! All because of delays, slow response, and duplicate transactions on COINBASE part. Review collected by and hosted on G2.com.

Full transparency the primary application is typically what most folks end up starting with when entering crypto. I will say I like how active they've been in fighting for innovation / regulatory rights for the entire industry against the SEC lately. They also made my "onboarding" into crypto pretty seamless, I'm not sure if they still offer the "learn & earn" model they did a while back but that helped a lot. Review collected by and hosted on G2.com.

A major aspect of the exchange I don't like is that they behave(d) as a custodial wallet AND exchange until recently. I believe they have a separate wallet app that acts as a non-custodial wallet now. However this doesn't dismiss that their fee structure is pretty ridiculous, and they do have a history of having "server issues" during the most convenient times. IE/ when BTC was at $67,000 a few years back the exchange was giving error notices to myself and many others who were trying to sell our holdings at the time. Magically there was no issue buying at that price however it took quite a price downturn before their servers decided to go back online and allow us to sell. Review collected by and hosted on G2.com.

It has a simple user interface for people new to crypto. Review collected by and hosted on G2.com.

Their customer support is horrible. It's very hard to get someone on the phone. You can get in touch via chat easier, but they are always people in India with no authority to help you. Review collected by and hosted on G2.com.

Coinbase Exchange is a great institutional marketplace for businesses to use and consumers to view. Coinbase ID is a great alternative to ENS for easy sending/receiving. Review collected by and hosted on G2.com.

Coinbase Exchange has extremely high fees for everything. Buying, selling, APIs, swapping. And these are on top of network gas fees you will pay to trade on the service. Review collected by and hosted on G2.com.

the user interface, and the initial easy of use was good. I accepted some bugs in the interface, like out of sync balance and things like that, because I knew it was a startup. Review collected by and hosted on G2.com.

KYC is horrible and lasted more than 2 months. The don't read previous messages and don't communicate with you at all. AI chatbot would do a better job. They lock all your assets, but I could transfer crypto to another wallet. That is all after 1 year of usage and successful verification with photo id. Review collected by and hosted on G2.com.

I like that i can get crypto there and I like earning crypto through their learning platform. It is educational and I have earned around $50 Review collected by and hosted on G2.com.

I don't like that they haven't had a whole lot of options for staking and earning interest on crypto. They have a few, but I have had to use other platforms for that. Review collected by and hosted on G2.com.

No pros, only cons! Don't like anything! Review collected by and hosted on G2.com.

I am horrified that this is possible! They blocked my account for no reason! They say that for security reasons, they are checking something! The account was used for rare transfers of small amounts! There are 4000 Usdt on the account, which I cannot withdraw or transfer! Sapport - no answer, the money was just stolen in 2022! I will file a lawsuit , this kind of scam is not allowed!!! I do not recommend to use this wallet!

Case #14121833 Review collected by and hosted on G2.com.

Perhaps the most likeable thing about Coinbase is it's earn/airdrop features. The ability to earn a handful of crypto by learning about the currencies available in their airdrops. Review collected by and hosted on G2.com.

Their debit card, it's function and it being tied to USDT. If you compare the the gold standard: UPHOLD, there is no comparison and that's rather sad. Review collected by and hosted on G2.com.