Is Coinbase safe? is a common question. Yes, Coinbase is a Bitcoin company based in San Francisco, and backed by trusted investors. Coinbase is the world’s largest Bitcoin broker, and also offers an exchange, wallet, and developer API. Here we’ll review its brokerage, exchange, and wallet.
Coinbase supports 30+ countries. The payment methods available depend on your country.
|Payment Method||Countries||Funds Available||Currency||Fees*|
|Bank Transfer||USA||5-7 days**||USD||1.49%|
|Credit / Debit Card||USA||instant||EUR||3.99%|
|Credit / Debit Card||Canada||instant||CAD||3.99%|
|SEPA Transfer||Europe||1-3 days||EUR||1.49%|
|Credit / Debit Card||Europe||instant||EUR||3.99%|
|Credit / Debit Card||UK||instant||GBP||3.99%|
|Credit / Debit Card||Australia||instant||AUD||3.99%|
*Note that the actual deposit of currencies into your Coinbase account is free. Coinbase then charges a 1% fee per purchase.
**U.S. customers may add a Visa or Mastercard credit card as a backup payment method. If a backup credit card is available, Coinbase instant buy will be enabled for up to $1,000 worth of bitcoin per week.
Users must provide full identity verification and many personal details.
Coinbase offers very high limits. Limits depend on your account level, which is determined by how much information you have verified. Fully verified U.S. customers may buy up to $50,000 worth of bitcoin daily.
European customers may have a maximum of €30,000 euro in their account at any time.
U.S. customers will receive their bitcoins five business days from placing an order. Coinbase instant buy becomes possible if a credit card is added to the account as a backup payment method. Instant buy will allow fully verified users to buy up to $1,000 worth of bitcoin per week. Level 2 users with instant buy are able to instantly buy up to $100 worth of bitcoin per week.Canada
Canadian EFT purchases take four days to complete. Interac Online purchases are instant.Europe
European users paying with SEPA transfer will receive bitcoin within 1-3 days.
Coinbase is a regulated company and holds licenses in all districts in which it operates.
Coinbase charges a flat 1% fee on all purchases.Canada
Canadian customers must pay a $1 fee on any transfers of CAD to a bank account. European users buying with a 3D secure debit card will be charged a 3% fee instead of 1%.
Coinbase offers its brokerage services in the United States, United Kingdom, Canada, Singapore, and the following European countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland.
Coinbase plans to enter the Latin American market in 2016.
Coinbase has a knowledge base and email support. Coinbase “Community” can be used to ask questions and get support help.
There have been reports that it tracks how its users spend bitcoin.