The fact that it’s located in San Francisco (a highly regulated location) is another welcome bonus. It’s the world’s largest Bitcoin exchange and broker and is backed by trusted investors. Safety is never 100% guaranteed, but as crypto exchanges go, Coinbase is one of the safest options out there. Select the wallet, choose ‘Withdraw’ and you can cash out the funds to your account too. Simply select the ‘Trade’ button, hit ‘Sell’, choose the crypto you want to sell, and sell it to your USD wallet. Given how easy Coinbase is to use and set up, this could be viewed as an acceptable cost by beginners who have yet to broaden their trading experience. If you’ve bought $100 of Bitcoin, for example, your fee would be $2.99. Image: CoinbaseĮach purchase incurs a transaction fee (outlined in detail here ), which may be higher than other exchanges. Transacting on Coinbase is a simple affair. Once you’re sorted on the bank account/card front, you can go to the ‘Buy’ section, browse for the crypto you’d like to buy, select your preferred payment method, confirm the details, and hit ‘Buy now’. Note that credit cards are no longer supported. Adding a debit card is just as easy-just select to add a debit card, fill in the information, and you’re good to go. Select your bank, fill in your login credentials, and boom-your bank account is now linked to Coinbase.

You can add your bank account by opening up your ‘Payment Methods’ page, and selecting ‘Link a New Account’, and choosing ‘Bank Account’. Again, this process is very easy and intuitive, and should pose no problems. The next step is to add your bank account, credit, or debit card information to allow you to make deposits and withdrawals, for trading and/or investing. Overall, Coinbase has a good selection of cryptocurrencies available, though its line-up pales in comparison to the range found on rival exchanges such as Binance. Coinbase has also held off on listing privacy coin Monero (XMR), with CEO Brian Armstrong explaining that the exchange's hesitancy is down to conversations with regulators and internal risk assessments. Of the top 10 cryptocurrencies, Coinbase has also yet to list Polkadot (DOT) and (perhaps unsurprisingly) Binance Coin (BNB).

Following the SEC's $1.3 billion lawsuit against Ripple, Coinbase suspended trading of XRP on its platform, though users can still send and receive XRP from their account. There are a few notable omissions, however.

After a lengthy wait, Dogecoin (DOGE) was finally listed on Coinbase in June 2021. It lists most of the big hitters, including Bitcoin (BTC), Ethereum (ETH), Uniswap (UNI) and Cardano (ADA). Coinbase supports over 60 assets, though availability varies based on what territory you're in.

Coinbase app review