Coinbase Review – What Makes it a Suitable Platform to Buy Crypto

zaibmFebruary 7, 2022

334 3 minutes read

A Coinbase review can be one of the most useful and crucial things for you if you are new to the crypto space and want to use this platform. Coinbase is a US-based crypto exchange and it is arguably the largest crypto exchange in the country. It is also one of the trustworthy exchanges that offers high-end features to the users, experienced and inexperienced alike. It stands out among other crypto exchanges in the market, thanks to its unique features and aspects such as low fees structure and more.

Since it is one of the most popular exchanges, it is likely to grab a lot of attention from the crypto enthusiasts and people interested in buying crypto. However, it may not tick all the right boxes for every kind of investor and trader. This is why, it is important for you to know the features offered by the exchange so you can determine why it is popular and whether it is a suitable option for you or not.

Here are some of the highlighting features of the Coinbase exchange.

Coinbase Review – Suitable for Novice Investors

If you are a new crypto investor, then Coinbase can very well be one of the best exchanges for you as it is ideal for new investors. The user interface offered by the exchange is not only designed for the expert investors and traders but also for beginners.

The user experience offered by a platform is one of the deciding factors for many. This is because some exchanges are solely designed to cater the needs of professionals and are hence complex and technical to use. As a beginner, if you use such a platform, it can be pretty difficult and even stressful for you to buy or trade crypto.

Therefore, while choosing an exchange for buying or trading crypto, you should opt for the one that has a simple and easy-to-navigate interface so there are no unnecessary inconveniences for you. Since this exchange has a simple interface, you can consider using it to invest in crypto assets.

Learn and Earn Feature

This Coinbase review sheds light on one of the most unique aspects of the exchange that it is not simply a crypto exchange like many others. In fact, this platform is also an institution and aims to educate and inform beginners through its learn and earn feature.

This platform offers tutorials videos and educational content that helps novice parties in developing an understanding of the crypto space, trading and more. There are also online exams on the exchange that can help them test their knowledge and eventually make use of the basic trading strategies.

Coinbase Pro

Another highly distinctive feature of the Coinbase exchange is its version designed for the professionals called the Coinbase Pro. This version is designed to specifically cater the needs of experienced crypto traders who look to make complex trades.

This version of the exchange also features advanced trading tools and more that most professional crypto traders look for. Therefore, whether you are a new crypto trader or experienced, this exchange can be a highly suitable option for you as it aims to facilitate all interested parties.

Is Coinbase Safe?

As mentioned above in this brief Coinbase review, this exchange is a trustworthy platform. It makes use of cutting-edge security systems that offer utmost security to the users and make it one of the safest exchanges in the crypto space.

One of the security features used by the exchange is the two-factor authentication system that makes logins safer and prevents people with ill-intent from jeopardizing the accounts, funds and information of the users.

The Coinbase exchange is also one of the few platforms in the crypto space that offers insurance on digital currencies.

Another aspect that further validates the security of the platform is the fact that it is a fully licensed and regulated crypto exchange.

Available Payment Methods

This brief Coinbase exchange review also talks about the payment methods supported by the platform in detail. As a novice crypto investor or trader, you should know that different exchanges offer support to different payment methods. There are some crypto platforms that also rely on one payment method. However, such a crypto exchange may have a small user-base because people look for their convenience and want to choose a platform that makes crypto investing easy for them.

Therefore, this Coinbase review specifies that the platform does not rely on a single payment method but offers support to many to make crypto investing convenient for a large audience.

The payment methods available on the exchange include: