Coinbase
4/5
Founded in San Francisco in 2012, Coinbase is the largest crypto exchange in the U.S and has no official physical headquarters. 56 million users.
Pros:
Coins: 56 Easy to use and understand user interface. FDIC insured up to $250,000 Most customer funds are stored in cold storage, safe from potential security breaches. Coinbase Earn allows you to make some money and learn about different crypto currencies. Has options for people new to crypto currency and people who are more advanced. They have a coinbase pro platform that’s free to use with more advanced features and lower fees.
Cons:
High Fees: Explanation is very confusing. Variable fees depending on payment method, but overall the fees are high compared to other exchanges: .05% plus a fee of $0.99 to $2.99 depending on transaction amount. U.S. fees vary from 1.49% to 3.99% depending on payment method. Coinbase pro reportedly has lower fees, but it’s more difficult to use. Email only support. Reports of being locked out of accounts. D- on BBB
Complete Review:
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