The Coinbase dashboard is also really useful for viewing your account history. When you go into the settings page, you can amend the portfolio view so that it shows your chosen cryptocurrencies, and you can extend the 24-hour increase/decrease stats to a longer period. This includes the current price in your local currency, and what percentage the coin has increased or decreased over the past 24 hours.

You also have the option to view your portfolio of cryptocurrencies in a really simple way. As you’ll see from the above screenshot, the platform is really crisp, which makes it easy to navigate through all of the different dashboard options. At the top of the screen, you’ll have the option to a buy bitcoin or sell it, view your account, access additional trading tools, and amend your settings. When you first log in to the site, you’ll instantly be presented with the main dashboard. Although the exchange is perfectly suitable for those that have lots of trading experience, it’s also great for beginners. One of the best features of Coinbase is that the platform is super easy to use. This is hugely important, as otherwise, you are going to have your trading profits eaten away by transaction fees. On the contrary, some cryptocurrency platforms charge just a fraction of this, and trading fees are instead built into really tight spreads. While at least cheaper than VirWoX, this is even more expensive than Coinjar and Coinfloor, which at 1% and 0.3%, respectively, are well-known for being costly exchanges. Moreover, these trading fees make frequent trading completely unviable. This is really expensive, and actually makes Coinbase one of the most expensive cryptocurrency exchanges for buying and selling coins. Moving forward, if you then decided to sell your Bitcoin back to USD, then you would have to pay the 1.49% transaction fee again. For example, if you want to purchase $1,000 worth of Bitcoin using your debit card, you will pay $14.49 (on top of the deposit fee charge). This rate is determined based on the current pricing tier, which can be viewed here.įor stable pairs, taker fee is 0.01% and maker fee is 0.00%.Īll Coinbase trading fees amount to 1.49% of the total transaction amount.

SEPA (European Bank Withdrawals): €0.15Ĭoinbase Exchange uses a maker-taker fee model for determining its trading fees.Ī takers has to pay a fee between 0.05% and 0.60% whereas maker fee is between 0.00% and 0.40%.

SEPA (European Bank Transfer): €0.15 EUR.

Debit card deposits: 3.99% per transaction.

Let’s break the fees down in more detail. You’ll pay fees every time you deposit or withdraw funds, and every time you buy or sell a cryptocurrency. When it comes to fees at Coinbase, this will depend on the specific account activity you are looking to perform. In order to see what you can buy within your Bitcoin account, simply head over to the Buy/Sell section and view the drop-down list. What cryptocurrencies does Coinbase support?Īt the time of writing in April 2019, Coinbase supports 10 different cryptocurrencies. This means that you can’t make a profit if you think the markets are going to go down. Once you’ve bought cryptocurrencies from the platform, you then have the choice of withdrawing them out to private Bitcoin wallets or storing them within your Coinbase account.ĭon’t forget you only have the option of going long at Coinbase. In return for this, Coinbase charges you to deposit and withdraw funds, as well as a transaction/trading fee every time you buy or sell coins. This means that when you buy cryptocurrencies on the platform, you are actually purchasing the coins directly from Coinbase, as opposed to trading them with other users. How does Coinbase Work?Ĭoinbase is somewhat different from other well-known cryptocurrency exchanges as they are more of a broker than an exchange. In response to Coinbase increasing their customer base, the platform recently released a sister cryptocurrency exchange called Coinbase Pro (previously GDAX). This includes a debit and credit card, bank transfer and in some cases – PayPal (Coinbase is one of the most well-known Paypal cryptocurrency platforms). One of the main appeals to using Coinbase is that they allow you to buy and sell cryptocurrencies using everyday payment methods. based exchange claims to have more than 89 million users. This includes popular cryptocurrencies such as Bitcoin and Ethereum, as well as ERC-20 tokens like USDC. What is Coinbase?Ĭoinbase is one of the top cryptocurrency exchanges that allows you to buy and sell a range of digital currencies. You’ll have access to more cryptocurrencies, they’re heavily regulated, they accept multiple payment methods, and best of all – you also have the option of going short.

As a snap-shot overview, Coinbase is certainly a notable exchange to consider.

Coinbase pro how to deposit money