Coinbase Information Reviews & Insights

Score9 out of 10

56 Reviews and Ratings

Community insights

TrustRadius Insights for Coinbase are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Visually Appealing Design: Users have praised Coinbase for its visually appealing design, which enhances the overall user experience. Many reviewers have mentioned that the platform's interface is smooth, bug-free, and easy to navigate, making it a pleasure to use.

User-Friendly Interface: Coinbase has been commended by numerous users for its user-friendly interface. It is extremely easy to navigate and use, even for newcomers to cryptocurrency. The intuitive design allows users to buy and sell Bitcoin and other cryptocurrencies without any hassle.

Frequent Updates: Reviewers appreciate Coinbase's frequent updates as they instill a sense of security and trust in using their services. These regular updates not only enhance the platform's functionality but also ensure that users are up-to-date with the latest features and improvements.

Coinbase Reviews

5 Reviews

InformationComputer Software5

Coinbase is a Great Option for Retail Crypto Investors

Rating: 8 out of 10

Incentivized

July 12, 2022

Use Cases and Deployment Scope

My organization is using Coinbase to hedge the risk of other asset classes during these uncertain economic times. My team has also worked with several fintech startups and crypto companies, so learning the ins and outs of the major networks and platforms across the ecosystem is imperative. I have also used similar exchanges like BlockFi and Gemini.

Pros

Makes purchasing crypto assets easy
Providing market updates with push notifications
News about the industry

Cons

I wish I could easily track my cost basis from the asset view.
I believe fees should be more transparent, including spread.

Likelihood to Recommend

I think Coinbase is best suited for casual investors as its business intelligence and analytics are lacking at this time.

Verified User

C-Level Executive in Corporate (Computer Software company, 11-50 employees)

Vetted Review

1 year of experience

A Great Tool for Investing and Managing Your Crypto Assets!

Rating: 9 out of 10

Incentivized

July 12, 2022

Use Cases and Deployment Scope

I needed a platform that allowed me to easily manage different crypto assets, trade them, and have an overview of the invested assets. Coinbase Pro offers a clear and easy interface to do so, while also offering strong security features to protect your wallet and account. Coinbase Pro also offers discounts for higher volumes of trading, differently from other tools I've tried.

Pros

It offers security features.
Over 130 cryptocurrencies can be traded.
It also offers discounts for high-volume operations.

Cons

It can be difficult for beginners (despite having a clear interface, the options are really a lot).

Likelihood to Recommend

Coinbase is great for trading the main cryptocurrencies (and some minor ones as well) but doesn't allow trading of many niche or newer ones.

Verified User

Employee in Research & Development (Computer Software company, 1-10 employees)

Vetted Review

3 years of experience

Good crypto exchanges.

Rating: 8 out of 10

Incentivized

July 3, 2022

Use Cases and Deployment Scope

Nice cryptocurrency exchange platform with loads of cryptocurrencies to trade and learn about the crypto world. Helps you to be updated and learn about all the news in this emerging new world of finance. A good place to earn some money and do trading with different cryptocurrencies based on your need.

Pros

Multiple cryptocurrencies.
Learn
Earn

Cons

Referrals
Earnings
Cashbacks

Likelihood to Recommend

It's a good exchange platform, but there are other competitors which have smaller fees, offer multiple cryptocurrencies, and more choices for the user and opportunities to earn money with their money. They still have some space to improve their services, but seem to be on the good road as they care about their customers.

Verified User

Consultant in Information Technology (Computer Software company, 1-10 employees)

Vetted Review

1 year of experience

Highly Recommended

Rating: 10 out of 10

Incentivized

December 16, 2021

Use Cases and Deployment Scope

We use Coinbase for trading in cryptocurrencies. Specifically, ones that are difficult to find on other trading apps such as Shiba Inu.

Pros

Quick and easy to make trades.
Little to no waiting adding funding accounts.
Intuitive interface.
Provides detailed history of trades.

Cons

Better charts and graphs.
Screens showing favorites or custom charts.

Likelihood to Recommend

Coinbase allows trades between different currencies and with some harder-to-find currencies. It also provides necessary security features and secure transactions. I wouldn't recommend using it for trading anything other than cryptocurrencies.

Mike Zipperer

Systems Administrator in Information Technology at Enuit (Computer Software, 51-200 employees)

Vetted Review

1 year of experience

Love Coinbase!

Rating: 9 out of 10

Incentivized

July 3, 2018

Use Cases and Deployment Scope

Coinbase acts as my crypto wallet for the Ethereum I have purchased. Many of the other solutions either aren't as secure or are more challenging to set up and as a result, take a much longer time. So Coinbase saves me time. In a nutshell, Coinbase simplifies everything for me and is one of the most reputable/ trusted solutions as a crypto wallet.

Pros

Very simple dashboard for monitoring your coins
Makes buying and selling Cryptocurrencies very simple once your account is set up
Has a price alert feature for monitoring prices when they go above or below your target prices

Cons

Same complaint I have about any other coinbase competitor. Setting up an account takes too long (a few days). But it's understandable as it has to be a very high level of security
Higher transaction fees than other platforms for purchasing the same product. But because of Coinbase's simplicity relative to other platforms they are able to charge a bit of a premium here. You just need to know what you're getting into. If you're doing high volume, it's worth learning a GDAX or other platform. If you're buying and holding and don't have the time to research the lowest fees then Coinbase is great.
They're limited in the payment methods they accept. Not a huge deal, but they don't accept paypal.

Likelihood to Recommend

Coinbase is great for its simplicity. It is no doubt the best entry level option for someone who is new to blockchain/ cryptocurrencies and wants to begin investing in it. However, while they do have relatively low transaction fees, they don't have the lowest fees. So for someone who is doing a high volume of trading, there are other platforms that would be a better fit.

Brad Henderson

Co-Founder/Chief Janitor at Crisp (Computer Software, 1-10 employees)

Vetted Review

1 year of experience

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