We understand that there is a requirement for safe and secure exchanges to facilitate the purchase of crypto. Is Coinbase one of them? Read on.
How Coinbase Works
The main service Coinbase offers is a brokerage service for buying and selling cryptocurrencies. The platform is famous for being one of the easiest exchanges to use to purchase Bitcoin & other cryptocurrencies with fiat via Bank Transfer, Credit Card, Debit Card & Even PayPal. Coinbase doesn’t require users to trade on a market, unlike others. The platform allows users to trade the cryptocurrency at a set price. That price is based on their market value, this enables users to purchase their cryptocurrencies faster than other exchanges. So you can buy and sell bitcoin and alt coins on Coinbase easily.
Coinbase has an independent mobile wallet (iOS and Android). For its users to store the private keys on the user’s device and only they have access to the funds.
A verified user can buy a maximum of $25K daily. Please kindly note that limits are set depending on the payment method you choose to buy the cryptocurrencies. ACH transfer has higher limits than credit card purchases on Coinbase.
- Coinbase Fees and Trading Fees
When you buy Bitcoins from Coinbase you will pay the market price on Coinbase Pro +0.5% and a transaction fee. This is a flat fee for transactions below $200. Most Coinbase transaction fees are 1.49% for standard buy and 3.99% for credit card buys. Depositing money is free via ACH transfer. The other transaction methods cost $10.
How Can I Deposit and Withdraw from Coinbase?
You can purchase Bitcoin & other cryptocurrencies in Coinbase by using a group of deposit methods and Withdrawal Methods like;
- Wire transfer (including ACH in the US and SEPA in the EU)
- Credit cards (new cards aren’t currently accepted)
- Debit cards
- PayPal (withdrawal only).
Coinbase Reviews and Complaints
It is very crucial to check Coinbase reviews and Coinbase complaints before dealing with them. This way can help you to learn from other customers’ experience and to avoid the mistakes they did. You can check them now by visiting Coinbase page on Kazan.io.
Coinbase Customer Support
You can reach customer support through telephone and email. Users get a response to an email within 48-72 hours. Coinbase’s phone support line is another way to get someone to solve your problem.