Pros and Cons of Coinbase 2024 (2024)

Overview

What is Coinbase?

Coinbase is a digital currency exchange (Coinbase Pro) and crypto-oriented software solution suite for businesses, including hosted checkout pages, payment buttons, invoicing, and multiple ecommerce integrations (Coinbase Commerce), a turnkey solution for brokerages, exchanges, and fintechs enabling them to offer…

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Recent Reviews

TrustRadius Insights

Coinbase has become a popular platform for users engaging in personal crypto trading, investment, and staking activities. Customers …

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Easy way to buy crypto with fiat money.

6

out of 10

July 15, 2022

Coinbase is the safest wallet to save our crypto assets. It helps us to store, trade, and exchange our crypto assets within a second with …

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Coinbase is a Great Option for Retail Crypto Investors

8

out of 10

July 12, 2022

Incentivized

My organization is using Coinbase to hedge the risk of other asset classes during these uncertain economic times. My team has also worked …

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Coinbase is a Safe and Secure Cryptocurrency Exchange!

8

out of 10

July 12, 2022

Incentivized

We use Coinbase in the organization for cryptocurrency exchanges and other related transactions. We have a not-so-unique business need, …

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A Great Tool for Investing and Managing Your Crypto Assets!

9

out of 10

July 12, 2022

Incentivized

I needed a platform that allowed me to easily manage different crypto assets, trade them, and have an overview of the invested assets. …

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Coinbase is great for all levels of crypto enthusiasts.

10

out of 10

July 03, 2022

Incentivized

I personally don't use the Coinbase modules for any of my organizational/business needs (I actually don't think anyone does). I use …

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Good crypto exchanges.

8

out of 10

July 03, 2022

Incentivized

Nice cryptocurrency exchange platform with loads of cryptocurrencies to trade and learn about the crypto world. Helps you to be updated …

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Best Crypto Software

8

out of 10

July 03, 2022

Incentivized

Coinbase is a company that exchanges digital assets and solves various business issues. The first is the requirement for a safe location …

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One of the best cryptocurrency platforms available

9

out of 10

July 03, 2022

Incentivized

For the previous 3-4 years, we have used Coinbase for investing goals at our company. It is a well-known and trustworthy platform for all …

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Double your Coins with Coinbase!

10

out of 10

July 02, 2022

Incentivized

Keeping up with Crypto, on a platform that hypo can buy/sell was very important for my CEO. He wanted a way to invest extra income in …

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The beginner's guide to Cryptocurrency.

8

out of 10

July 02, 2022

Incentivized

I utilize Coinbase for both personal and business uses. I am in the finance industry so we get a lot of clients who utilize Coinbase as …

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Great Starting Point with Expansive Feature Set.

8

out of 10

April 28, 2022

Incentivized

Coinbase is a well-known and trustworthy platform for all mainstream cryptocurrency activities and provides many benefits for those …

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Great Product for new investors

10

out of 10

February 03, 2022

Love Coinbase and building development around the crypto space. I've found it to be a solid company to work with and has the …

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Coinbase is the guide to Cryptocurrency

8

out of 10

January 20, 2022

Incentivized

Cyptocurrency is a new form of currency that has expanded since the introduction of Bitcoin. But it is still unknown and new to the public …

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Coinbase - Trusted and one of the best platforms on the market!

9

out of 10

January 19, 2022

Incentivized

We initially began to use Coinbase early in 2016/2017 to invest related to our LLC venture. This was one of the main platforms we utilized …

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Buying and selling crypto on Coinbase is easy

9

out of 10

January 13, 2022

Incentivized

Coinbase is a great platform to buy and sell crypto. Very user-friendly and intuitive.

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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

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Pricing

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$100K-$1M

$0.20

Cloud

taker fee

$10-50K

$0.35

Cloud

taker fee

<$10K

$0.50

Cloud

taker fee

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services
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Product Details

  • About
  • Tech Details

What is Coinbase?

Coinbase Video

Introducing Coinbase Earn: A New Way to Earn Crypto While You Learn Crypto

Coinbase Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
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Reviews and Ratings

(56)

Pros and Cons of Coinbase 2024 (11)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content?

Let us know!

  • Business Problems Solved
  • Pros
  • Cons

Coinbase has become a popular platform for users engaging in personal crypto trading, investment, and staking activities. Customers appreciate Coinbase's user-friendly interface, which simplifies the process of buying and selling cryptocurrencies, saving them valuable time. With its secure platform, Coinbase serves as a reliable bank for storing and safeguarding cryptocurrency assets. Users also rely on Coinbase to keep track of their portfolios, research different coins, and stay updated with the world of crypto. Additionally, organizations in the finance industry trust Coinbase to manage and house their clients' crypto assets securely. Coinbase Pro offers advanced features for managing and trading various cryptocurrencies, giving users an overview of their invested assets. Overall, Coinbase is used by individuals and businesses alike for trading, investing, storing, and researching cryptocurrencies.

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.

Difficulty adjusting to frequent updates: Some users have expressed difficulty in adapting to the platform's frequent updates, which often come with changes in layout and make it harder for them to navigate. These users find it challenging to keep up with the changes and may struggle to find their way around the platform.

Limited transfer options for trade portfolios: A common concern among users is the platform's restriction on transferring trade portfolios to other applications like Venmo, CashApp, or PayPal. This limitation prevents users from easily managing their portfolios across different platforms and can be frustrating for those who prefer using multiple applications for their financial needs.

High fees compared to competitors: Many reviewers believe that Coinbase charges relatively high fees when compared to other platforms in the industry. Users express dissatisfaction with these fees, especially considering that they are imposed on top of the fees already charged by crypto networks. The higher cost associated with trading on Coinbase is seen as a disadvantage compared to other platforms that offer lower fee structures.

Attribute Ratings

  • 9Usability1 rating
  • 6.4Support Rating2 ratings

Reviews

(1-25 of 28)

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July 15, 2022

Easy way to buy crypto with fiat money.

AK
Anav Katwal

Engineering Executive

Simulation Science Center (Education Management, 11-50 employees)

Score

6 out of 10

Vetted Review

Verified User

Pros and Cons
  • Instant KYC verification

  • Easy to buy crypto with fiat

  • User-friendly interface

  • Customer support agents are not willing to solve our problems.

  • Customer support is very slow

July 12, 2022

Coinbase is a Great Option for Retail Crypto Investors

Verified User

C-Level Executive in Corporate

Computer Software Company, 11-50 employees

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Makes purchasing crypto assets easy

  • Providing market updates with push notifications

  • News about the industry

  • I wish I could easily track my cost basis from the asset view.

  • I believe fees should be more transparent, including spread.

July 12, 2022

Coinbase is a Safe and Secure Cryptocurrency Exchange!

Verified User

Project Manager in Engineering

Environmental Services Company, 1-10 employees

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Coinbase is a very secure online crypto platform.

  • It provides ease of use for buying, selling, transferring, and storing cryptocurrency.

  • It has an easy to use UI and intuitive design.

  • I would like it more if it could add more currencies for trading.

  • I would like to see more functionality to navigate the mobile app.

  • It would be nice if they could lower Coinbase fees to match competitor pricing.

July 12, 2022

A Great Tool for Investing and Managing Your Crypto Assets!

Verified User

Employee in Research & Development

Computer Software Company, 1-10 employees

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • It offers security features.

  • Over 130 cryptocurrencies can be traded.

  • It also offers discounts for high-volume operations.

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

July 03, 2022

Coinbase is great for all levels of crypto enthusiasts.

MW
Mark Wong

Head of Web Development

Impact Merchandising (Apparel & Fashion, 11-50 employees)

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Coinbase has a really nice looking design which offers for a better user experience.

  • Coinbase is extremely easy to use.

  • Coinbase does a great job delivering company news/changes to its users.

  • Coinbase offers frequent updates which makes you feel more secure using their services.

  • Sometimes the frequent updates also come with a change in layout which usually makes it harder to adjust.

  • Wish the normal version also offered auto-purchases (available in PRO).

  • A larger and more centralized crypto news + advice would be nice to have.

July 03, 2022

Good crypto exchanges.

Verified User

Consultant in Information Technology

Computer Software Company, 1-10 employees

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Multiple cryptocurrencies.

  • Learn

  • Earn

  • Referrals

  • Earnings

  • Cashbacks

July 03, 2022

Best Crypto Software

RASHAB KAUSHIK

Research Analyst

ProArch (Security & Investigations, 51-200 employees)

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Various choices (coins, tokens, etc.) are available for someone seeking to test out web3 or crypto

  • Smooth and free of bugs user interface

  • Easy and fast KYC process

  • Fast selling of digital assets

  • The support is very delayed at times

  • Coinbase Exchange is expensive compared to Coinbase Pro and doesn't provide better features than pro in terms of pricing

  • Reward system is limited to geographical locations

July 03, 2022

One of the best cryptocurrency platforms available

Anmol Dubey

CTO (Chief Technical Officer)

Azoora, Inc. (Information Technology & Services, 51-200 employees)

Score

9 out of 10

Vetted Review

Verified User

See Also
USA

Incentivized

Pros and Cons
  • The trading process is simple.

  • Fully featured.

  • A simple and user-friendly UI.

  • A complete history of transactions is provided.

  • Extremely safe.

  • Poor support team.

  • Transaction costs are higher compared to other cryptocurrency platforms.

  • Their mobile app is really buggy.

  • Simpler tax regulations.

July 02, 2022

Double your Coins with Coinbase!

Verified User

Manager in Corporate

Oil & Energy Company, 11-50 employees

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Graphs

  • Real-Time

  • Streamlined

  • Easy to use.

  • Better show which coins are trending.

  • Give recommendations.

  • Better integrate personal and professional use.

July 02, 2022

The beginner's guide to Cryptocurrency.

Verified User

Employee in Sales

Banking Company, 1001-5000 employees

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Secure

  • Easy to trade.

  • Educated the consumer.

  • Way too expensive compared to banking institutions to trade.

  • Two-factor authentication although secure can be a challenge to get through for the owner.

  • Does customer service even exist?

April 28, 2022

Great Starting Point with Expansive Feature Set.

Verified User

Technician in Information Technology

Information Technology & Services Company, 11-50 employees

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Low barrier to entry.

  • Competitive fees.

  • Very well featured.

  • Support can be very bad.

  • Some promotions are bugged.

  • Doesn't support some smaller cryptocurrencies.

February 03, 2022

Great Product for new investors

Verified User

Director in Sales

Information Technology & Services Company, 11-50 employees

Score

10 out of 10

Vetted Review

Verified User

Pros and Cons
  • Low fees.

  • Efficient processing of exchanges.

  • Easy to use platform.

  • Needs more alt coin options.

January 20, 2022

Coinbase is the guide to Cryptocurrency

CharRon E. Smith

Sound Engineer

A Serious Production (Entertainment, 1-10 employees)

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Educate members on cryptocurrency

  • It starts a member of with $10 worth of cryptocurrency to trade by education courses on different coins and markets

  • You carry a portfolio of cryptocurrency

  • Just like other apps(venmo, cashapp, PayPal) it keeps all your trade portfolio under coin based. Not transferable

  • Even though, they give you a starting balance of $10. They do wants you to put at least $10 of your money

  • The training video are simple. Learn about US dollar coin, USD, and bitcoin. But it doesn't teach you how to be a savvy trader. That will take additional education

  • You can't add small cryptocurrency like BAR to your portfolio. It certain amount to trade with.

January 19, 2022

Coinbase - Trusted and one of the best platforms on the market!

Verified User

Professional in Finance and Accounting

Venture Capital & Private Equity Company, 1-10 employees

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Ease of depositing USD.

  • Quick KYC application process.

  • High liquidity.

  • Reduce Fees associated with trading.

  • Easier tax forms.

January 13, 2022

Buying and selling crypto on Coinbase is easy

Verified User

Employee in Finance and Accounting

Marketing and Advertising Company, 51-200 employees

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Fast registration

  • Great selection of crypto currency

  • Easy trading process

  • In the assets allocation would be great to see how much was invested into a particular coin (what was the purchase price), and what is it trading for now. That would allow seeing at a glance whether certain crypto is gaining or losing your investment.

January 12, 2022

One of the best Cryptocurrency Exchange Platforms.

Verified User

Engineer in Engineering

Civil Engineering Company, 11-50 employees

Score

6 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Clean user friendly interface.

  • Centralized information for Crypto market.

  • Speed of transactions.

  • Better methods of using crypto for payment.

  • Faster order fulfilment.

  • Lower fees.

January 12, 2022

Best/Easiest to use crypto trading platform

Verified User

Consultant in Other

Design Company, 11-50 employees

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Easiest way to buy bitcoin at a good rate

  • Easiest way to sell bitcoin at a good rate

  • keep track of incoming and outgoing cryptos

  • integration of pro fees into standard interface

  • listings of a wider variety of coins

December 20, 2021

One of the best trading and investing application for CryptoTraders

RM
Rajat Miglani

Test Lead

HCL Technologies (Information Technology & Services, 10,001+ employees)

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Has all the crypto currencies and coins for trading

  • provide excellent platform for crypto investment portfolio

  • Nice application with user friendly interface

  • Can improve the Application Performance

  • Customer Support should be improved

  • Can have better KYC and legal norms for more countries to serve

December 16, 2021

Highly Recommended

MZ
Mike Zipperer

Systems Administrator

Enuit (Computer Software, 51-200 employees)

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Quick and easy to make trades.

  • Little to no waiting adding funding accounts.

  • Intuitive interface.

  • Provides detailed history of trades.

  • Better charts and graphs.

  • Screens showing favorites or custom charts.

December 15, 2021

How to take your company to the moon.

Verified User

Director in Human Resources

Health, Wellness and Fitness Company, 1001-5000 employees

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • UI looks

  • Variety of currencies

  • N/A

December 13, 2021

Coinbase: the simple Cryptocurrency Trading

John La Belle

President

Mind's Eye Reprographics, Inc. (Graphic Design, 1-10 employees)

Score

8 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Trading.

  • Charting.

  • Education.

  • The fees can be somewhat higher than other services for none pro accounts.

December 13, 2021

A Wide Variety of Currencies but Higher than Normal Fees

Verified User

Employee in Corporate

Investment Management Company, 1-10 employees

Score

7 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Variety of cryptocurrencies.

  • User experience.

  • Ease of completing transactions.

  • Fee schedule.

  • Tax reporting.

March 06, 2020

Super Easy

Brian Chung

Co-Founder

Alabaster Co (Retail, 1-10 employees)

Score

10 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Security

  • Easy of use

  • Great user interface

  • Not all coins are available to purchase

  • Tax information could be improved

  • Ease of use documents could be better

January 13, 2020

Coinbase Review

John Phillip Masagca, ME

Facilities Management Specialist

JLL (Financial Services, 201-500 employees)

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • Security.

  • Safety.

  • Inclusion of other coin wallets would be great.

July 03, 2018

Love Coinbase!

Brad Henderson

Co-Founder/Chief Janitor

Crisp (Computer Software, 1-10 employees)

Score

9 out of 10

Vetted Review

Verified User

Incentivized

Pros and Cons
  • 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

  • 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.

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Pros and Cons of Coinbase 2024 (2024)

FAQs

Pros and Cons of Coinbase 2024? ›

High fees compared to competitors: Many reviewers believe that Coinbase charges relatively high fees when compared to other platforms in the industry. Users express dissatisfaction with these fees, especially considering that they are imposed on top of the fees already charged by crypto networks.

What is the downside of Coinbase? ›

High fees compared to competitors: Many reviewers believe that Coinbase charges relatively high fees when compared to other platforms in the industry. Users express dissatisfaction with these fees, especially considering that they are imposed on top of the fees already charged by crypto networks.

What crypto to invest in in 2024? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Ethereum (ETH)$390 Billion$3,254
Binance Coin (BNB)$86.3 Billion$577
Solana (SOL)$69 Billion$154.53
Ripple (XRP)$28.4 Billion$0.5131
6 more rows
Apr 15, 2024

How much will Coinbase be worth in 5 years? ›

Coinbase stock price stood at $223.61

According to the latest long-term forecast, Coinbase price will hit $450 by the end of 2024 and then $500 by the middle of 2025. Coinbase will rise to $700 within the year of 2026, $800 in 2027, $900 in 2028, $1000 in 2029, $1100 in 2031, $1200 in 2033 and $1300 in 2035.

Is Coinbase a good long term hold? ›

Despite its recent surge, Coinbase's evolution makes it a compelling investment opportunity. During the past year, Coinbase Global (COIN -0.34%) stock is up more than 240%. It has risen more than 600% since the end of 2022.

Is Coinbase at risk of going under? ›

Coinbase Global Inc. Chief Executive Officer Brian Armstrong said there is “no risk of bankruptcy” for the largest U.S. cryptocurrency exchange, even amid a “black swan” event.

Is Coinbase safe to leave money in? ›

The vast majority of Coinbase client cash is stored in FDIC-insured bank accounts and U.S. government money market funds to keep it safe and liquid. Like all assets on Coinbase, we hold client cash 1:1 and your assets are your assets.

Which crypto will skyrocket in 2024? ›

With a strong team and community, 2024 seems promising for AVAX. If it grabs a big share in DeFi and NFTs, AVAX could become a major player in the blockchain world. Think of Polkadot (DOT) as the Internet for Blockchains. It connects different blockchains, letting them share data and work together.

What crypto will explode in 2024? ›

The index includes top tokens like $SOL, $ETH, and $WBTC- all of which are expected to see considerable gains in 2024 - making this a fantastic DeFi platform primed to explode throughout the year.

Which crypto can give 1000x in 2024? ›

Here's a quick overview of what coins have the potential to be the next 1000x cryptocurrencies.
  • Dogeverse (DOGEVERSE) – Most likely crypto with 1000x with over 600,000% staking APY.
  • WienerAI (WAI) – Potential 1000x coin merging meme coins with AI.
  • Slothana (SLOTH) – New Solana-based meme coin with an explosive launch.
5 days ago

What is the Coinbase prediction for 2024? ›

We believe that 2024 will provide favorable macro tailwinds for risk assets and, perhaps more critically, that the foundations for crypto regulation will continue to be built, facilitating long-term adoption.

What is the forecast for Coinbase in 2024? ›

Coinbase Global Price Prediction for 2024

The median target price among these 25 analysts covering the stock is $169 which is a 25% haircut. Moreover, the stock is a consensus hold.

How high is Coinbase expected to go? ›

Average Price Target

Based on 23 Wall Street analysts offering 12 month price targets for Coinbase Global in the last 3 months. The average price target is $221.57 with a high forecast of $325.00 and a low forecast of $110.00. The average price target represents a -6.24% change from the last price of $236.32.

Is Coinbase a good investment in 2024? ›

Unsurprisingly, 2024 has also proved to be very, very good for the industry's flagship company, Coinbase, whose stock is up nearly 70% this year to around $265, and has attracted the acclaim of JPMorgan analysts.

Should I hold or sell Coinbase? ›

Is Coinbase stock a Buy, Sell or Hold? Coinbase stock has received a consensus rating of buy. The average rating score is and is based on 48 buy ratings, 23 hold ratings, and 27 sell ratings.

Is Coinbase a strong buy? ›

Coinbase runs a sophisticated business

Bitcoin (CRYPTO: BTC) is up 138% over the last year, while Ethereum (CRYPTO: ETH) gained 85%. Low-priced altcoins are jumping even higher, led by Solana (CRYPTO: SOL), posting a 730% one-year gain. Coinbase saw a 270% return over the same period, and for good reason.

Is it safe to trust Coinbase? ›

Its liquidity and wise token allocation make it one of the most durable crypto exchanges. These are some reasons Coinbase is a safe crypto exchange.

Is Coinbase safe with my bank account? ›

At Coinbase, we go to great lengths to keep all of your sensitive information safe. Account numbers and routing numbers are stored using bank-level AES-256 encryption on our servers. In addition, all traffic is encrypted in transit to prevent third parties from eavesdropping on your connection.

How much does Coinbase charge to cash out? ›

USDC withdrawals are FREE across all supported networks. Coinbase will cover network fees on behalf of our customers. To withdraw USDC from your account to your wallet: Navigate to Portfolio in the left navigation bar of the screen and select Withdraw.

Does Coinbase charge a monthly fee? ›

Coinbase Advanced Trade has advanced charting functions and allows users to make crypto-to-crypto transactions and place market, limit and stop orders. Coinbase also has an option called called Coinbase One, which offers no-fee trades and other benefits in exchange for a monthly fee of about $30.

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