Coinbase Review 2026

Coinbase info

Coincub Score

Coinbase Security

Coinbase is a trusted exchange, and for good reason. It’s one of the few crypto exchanges that hasn’t been hacked (yet). Their security is above industry standard, with many measures taken to ensure that user funds are protected.

All bitcoins stored in Coinbase online wallets are insured, and 98% of customer funds are kept in highly encrypted cold wallets.

The exchange hosts sensitive data on air-gapped servers, and stores wallets and private keys using standard and proven AES-256 encryption. There is also a longstanding bug bounty program that helps alert the security team to potential exploits. During the high-profile 2020 Twitter hack, Coinbase intervened to prevent customers from sending bitcoin to hackers in a proactive move.

Due to Coinbase’s popularity, users with Coinbase accounts can be high-profile targets. Coinbase users are at risk of fraud and theft, but security gaps almost always come from the user’s side. Coinbase is one of the more trustworthy exchanges, but users need to be careful.

0.004% of Coinbase users experienced account takeovers in 2020. The number seems low until you realize that Coinbase has 56 million customers. That’s 224,000 hacks in one year. The exchange does offer educational resources for users looking to improve their personal security and encourages users to implement two-factor authentication.

Opening an Account and Trading

How to get started with Coinbase?

Getting started with Coinbase is straightforward. The platform requires extensive information, including your legal name, home address, date of birth, last four digits of your Social Security number/Government issued ID and how you plan to use Coinbase.

These ensure you can comply with federal regulations. Keep reading for a step-by-step guide to signing up for Coinbase.

1. Download the Coinbase app for iPhone or Android, or visit the website.

2. Open Coinbase and tap “Get started”.

3. Create an account with your name, email address and strong password and tap “Start”.

4. Verify your email by tapping a link that was sent to your inbox

5. Enter your phone number and verify it by entering a code that was texted to you.

6. Enter in your name, date of birth, address, reasons for using Coinbase, source of funds, job role and the last four digits of your Social Security number (US users only).

7. Now you can link your bank account. Search for your bank.

8. Log into your bank account with the username and password you normally use for banking.

9. Select the bank account you want to link to Coinbase for purchases and tap “Continue”

10. Congrats! You’re synced up and ready to go.

This link provides a full breakdown of all supported cryptocurrencies on Coinbase and Coinbase Pro broken down by core countries also.

Founded in 2012, Coinbase is one of the first and leading cryptocurrency exchanges in the world. Based in the United States, Coinbase is fully regulated and is one of the market leaders in the crypto exchange space.

With a smooth trading interface and a variety of well-integrated mobile apps, Coinbase overall has a very pleasant user experience.

The first exchange to launch on the stock exchange as of April 2021, Coinbase holds over $90 billion worth of assets. Funds are insured and kept offline in cold storage for maximum security.

It also provides trading access for over 50 cryptocurrencies including major coins such as Bitcoin, Ethereum, XRP and others.

Coinbase is a secure platform available both online and as an app for buying, selling, transferring and storing digital currencies. Coinbase app reviews often mention the clean interface and ease of use. It provides access to crypto such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), and 50+ others.

Launched in 2012, it is one of the oldest crypto exchanges in the space and has grown rapidly in the last decade. Coinbase can be used to convert one cryptocurrency to another or to send and receive cryptocurrency. Traders can view price movement, trends, portfolio summaries, and related industry news.

More recently, Coinbase became the first crypto exchange platform to go public and list on the NASDAQ stock exchange with a total value of over $90 billion. Coinbase offers an affiliate program where users can recommend the exchange to others to earn rewards.

Coinbase has stated that its main aim is to expand worldwide access to various currencies by making buying and selling digital currency easy. Some of Coinbase’s benefits include:

• Free transfer of digital currency between online Coinbase wallets.
• Extensive insurance.
• Coinbase is a “one stop shop” – a wallet, an exchange, and merchant tools within one simple easy to use interface.
• Coinbase Earn – an easy way to “earn while you learn”. Users can earn small amounts of cryptocurrency by watching a series of videos and answering related questions.
• Coinbase Pro – Coinbase’s advanced charting platform, which allows users to place market, limit and stop orders whilst also having access to a few more cryptocurrencies.

Coinbase is one of the first and certainly one of the best when it comes to the cryptocurrency space. It has a smooth and intuitive platform making it seamless for those new to the world of crypto trading.
This simplicity comes at a high price however as the fees add up quickly, especially if you’re aiming to trade regularly.
For those with a bit more knowledge when it comes to trading, Coinbase Pro may be more suitable.

Coinbase Supported Currencies

Coinbase provides support for a variety of currencies, but this is largely dependent on location. As mentioned above, the ability to buy, sell, deposit and withdraw certain cryptocurrencies is dependent on the cryptocurrency, the user’s location and the payment method available.