In this complete Coinbase USA exchange review 2022 we investigate the US regulated crypto exchange.
Coinbase is one of the oldest and most solid crypto exchanges. In addition, they are offering one-click crypto staking services.
We will handle the Coinbase exchange, Coinbase staking, security, Coinbase wallet, Coinbase card, support, fees and Coinbase Pro App.
In our Coinbase review, we are going to dissect this brokerage service platform founded back in 2012 down to bare bones.
If you already know that you want to buy Bitcoin with Coinbase you should read our step-by-step guide on how to buy Bitcoin on Coinbase with credit card.
Coinbase USA Exchange Review Intro
Coinbase is one of the oldest and most reputable crypto exchanges. Also, Coinbase is an US regulated company and an crypto exchange with staking rewards opportunities.
Coinbase Features list
- Exchange (Buy and Sell crypto)
- Coinbase Earn (Staking and Learn and Earn)
- Coinbase Card (Crypto Debit Card)
- Private Client (Ultra high net worth individuals)
- Coinbase Wallet (Self-hosted crypto wallet)
- Coinbase Borrow (Borrow cash using Bitcoin as collateral)
Coinbase USA Exchange Review
Below, we have listed some of the most important facts to know about the Coinbase US exchange.
Coinbase Deposit Methods and Fees
Coinbase is offering their services to many countries and therefor they are offering many different deposit methods, including (all deposit methods are not available for all supported countries)
- SEPA transfer
- Bank wire transfer
- Credit/Depit card deposit (See crypto exchange with the lowest credit card deposit fees)
- PayPal (Currently, only US customers are able to buy cryptocurrency or add US dollars using PayPal.)
- Apple Pay
Coinbase Exchange VS Coinbase Pro
The Coinbase exchange and Coinbase Pro are both owned by Coinbase Global Inc.
- Coinbase exchange is the beginner-friendly version where you can swap crypto for crypto or fiat currencies.
- Coinbase Pro basically includes the same features as Coinbase but is more trading-friendly where you can track the market, view trading history, monitor open orders, manage multiple portfolios, and more. Coinbase Pro has more listed cryptocurrencies than Coinbase.
Coinbase Exchange Liquidity, Trading Volume and Trading Pairs
According to Coinmarketcap’s exchange listing by volume, Coinbase Exchange has the 7th position.
However, their 474 markets and 159 cryptocurrencies, only gives them a 24th place in number of listed markets.
Coinbase Staking Rewards Review
Stake crypto on Coinbase and earn staking rewards with Ethereum 2.0 (ETH2), Tezos (XTZ), Cosmos (ATOM), and more.
Staking your own crypto is a challenge for many crypto investors since it requires technical skills and sometimes large amounts of crypto.
With Coinbase, and other crypto exchanges, it is very easy and convenient to stake. In practice, it is just a one click manner.
Coinbase Staking Rewards Listed
In the table below, we have listed all the Coinbase staking cryptocurrencies and the rewards paid by Coinbase.
Click on each cryptocurrency symbol to see all available staking rewards for that crypto from different suppliers like Binance, Kraken, NEXO, Celsius and more. Also, you can see the full list of the best interest rates for each cryptocurrency.
Crypto
APY
Paid
- 4.5%
- Daily
- 5%
- 7days
- 4.63%
- 3days
- 0.15%
- Monthly
- 4%
- Daily
See more information about Coinbase staking and eligible regions.
Coinbase Debit Card Review and Fees
The Coinbase Card is a Visa debit card, funded by your Coinbase balance. The card makes your crypto spendable as the money in your bank. You can easily choose which crypto you want to spend in the Coinbase app.
There are some differences in the terms between EU/UK and US Coinbase card users. Follow this link, for a full comparisons of the best available crypto credit and debit cards.
Coinbase Card for the EU and UK
For EU and UK users, the Coinbase debit VISA card let you spend funds from your cryptocurrency wallets available on Coinbase.
Coinbase Card is available for customers in Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the UK. We’re working on expanding the offer to additional markets.
Coinbase updates eligible countries frequently. For the latest information, visit the Coinbase site about their VISA debit card.
Coinbase Card for the US
As a US Coinbase Card user, you can spend crypto, USDC or US dollars anywhere VISA cards are accepted.
As a US user, you’ll have the ability to earn rewards when spending with your Coinbase Card.
The more you use your Coinbase Card, the more rewards you earn, which can accumulate over time.
Coinbase Card holders can choose to earn 1% cashback in ETH, DOGE, DAI or BTC. Also, users can earn 4% cashback in GRT or XLM, AMP, RLY according to the Coinbase blog. The rewards are only applicable for US users.
How to order Coinbase Card?
First you must check that you are eligible for the Coinbase card.
If you eligible, you can sign up for Coinbase Card through Coinbase.com or the Coinbase mobile app.
- Go to your Pay tab
- Select Apply under Coinbase Card
The criteria for the Coinbase Card are pre-determined by factors which include your US state of residence.
Coinbase Security Review
Coinbase US Regulations and Licenses
Coinbase is regulated and licensed in the USA. Since they are regulated they required to comply with a number of financial services and consumer protection laws.
One example is that Coinbase needs to verify customer identities and maintain records of currency transactions for up to 5 years. In addition, they have to report certain transactions. These requirements must be followed according to The Bank Secrecy Act.
Coinbase Account and Login Security
Coinbase have a limited number of features to secure the account
Coinbase is offering
- 2-step verification login (Authenticator app, SMS or security Key)
- 2-step verification to send crypto
Many other platforms are offering
- Whitelisting (IP addresses and withdrawal addresses)
Coinbase USA Exchange Fees
In the table below, we have summarized some of the most common fees charged by Coinbase. As you can see, you should avoid depositing to Coinbase with a debit or credit card.
If you prefer to deposit with a card, see our article about the lowest credit and debit card deposit fees.
Payment Method
Fees
- Bank Account
- 1.49%
- Debit/Credit card
- 3.99%
- ACH transfer
- Free
- Wire Transfer
- $10 in
- $25 out
- Maker/Taker*
- 0.5/0.5%
See all Coinbase fees and terms and conditions.
*This is the highest fees but you can get lower if you exchange large volumes. See the above link for further information.
Does Coinbase charge high fees?
Yes, Coinbase is well-known as charging the highest fees among the large crypto exchanges.
