Coinbase has an incredibly convoluted fee system that is also quite expensive if you are not using Coinbase Pro. The cost of trading on Coinbase's standard platform is quite high in comparison to its competitors. Those who are new to crypto and are looking for ease of use may overlook this. What is more, Coinbase's fees vary across different countries and regions. The regular spread fee is equal to 0.5%, however, as a result of market fluctuations this can differ. There is also a "Coinbase Fee" in addition to the spread and the cost of depositing money mentioned above in the chart. This fee is dependent on the value of the purchase, payment type (debit/credit), and region you are purchasing from. Coinbase gives the following examples of "Coinbase Fees" one might experience on its platform:

• If the total transaction amount is less than or equal to 10USD, the fee is 0.99USD / 0.99EUR/ 0.99GBP
  
• If the total transaction amount is more than 10USD but less than or equal to 2USD5, the fee is 1.49USD / 1,49EUR / 1.49GBP
  
• If the total transaction amount is more than $25 but less than or equal to 50USD, the fee is 1.99USD / 1.99EUR / 1.99GBP
  
• If the total transaction amount is more than $50 but less than or equal to 200USD, the fee is 2.99USD / 2.99EUR / 2.99GBP
  

On the other hand, Coinbase Pro fees are significantly less expensive and less complicated. With Coinbase Pro, digital assets and ACH transfers are free to deposit and withdraw. Wire transfers are 10USD to deposit and 25USD to withdraw.

Coinbase has a solid number of options to invest and trade in and has plans to add more to the list. At the moment, Coinbase offers over 25 cryptocurrencies for investment, trading, and also staking. The main cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Chainlink (LINK), Bitcoin Cash (BCH), Bitcoin Satoshi's Vision (BSV) (Send Only), Litecoin (LTC), EOS (EOS) and Tezos (XTZ) among others. It is possible to trade all of the introduced currencies along with other ones without having to first convert from your base currency into another cryptocurrency. Coinbase's popularity stems from having one of the easiest and fastest buying processes. It also helps that they are a U.S. regulated company. Since Coinbase is in the U.S., if you are a U.S. resident, you won't have to file IRS Form FBAR (Report of Foreign Bank and Financial Accounts) for foreign accounts with over 10,000USD. While Coinbase has a great variety of solid altcoin options for newer investors to dabble with, but those interested in seriously trading altcoins will not find too many here. That said, Coinbase plans on continuously adding more altcoins over time.

Coinbase is perhaps one of the easiest on-ramps to crypto investing. It is easy to sign up and buy cryptocurrencies within a matter of minutes. It also has a learning program that pays users cryptocurrency to learn more about how cryptocurrency works. Coinbase's clear, user-friendly dashboard allows the company's clients to see prices and the value of their assets, any time of day, from any location through Coinbase's website and mobile app. While US investors can also use the Robinhood trading app to invest in Cryptocurrencies, however, unlike Coinbase or Coinbase Pro, they will not have direct access to their coins. This means that they cannot withdraw Bitcoins or other cryptocurrencies from the app. This solution is good only if you're looking to trade and not to hold cryptocurrencies.

Signing up for Coinbase is a very straightforward and easy process. First, you enter your name, email, and a password you wish to use. It will then tell you to verify your email. Next, Coinbase asks you to enter in your phone number to send a code that you must enter. Coinbase will later use this number to send two-step verification codes. After this stage, it will prompt you to enter your identification information. Just like any bank account or investment account, you must prove your identity via state identification. For users in the United States, this will require a social security number. At this point, your Coinbase account will have been created and you would then be able to add your bank account, credit card, or debit card information to enable deposits and withdrawals so that you can start trading or investing.

Coinbase offers services in more than 100 different countries. The customer support is available only in English and can be reached primarily via mail, by entering the inquiry on the company website. The company indicates that their phone channel is used for account compromise support. Their email response recently has been overwhelmed therefore takes more time than usual to respond. However, Coinbase's website is equipped with numerous informative articles on the company's FAQ section. These articles include information on a variety of topics ranging from technical manuals to tips on how not to fall victim for phishing.

The Coinbase Wallet apps are decentralized and are available on both the Apple App Store and the Google Play store. They adhere to the highest security measures including Secure Enclave and biometric authentication technology. The mobile app has an advanced alert mechanism that allows its clients to build knowledge and monitor their portfolio on the go, including automatic buys and price alerts.

Coinbase uses a variety of safety measures for account holders. It is important to understand that any crypto on any exchange account is only as secure as the account holder makes them. It is imperative to use strong passwords and to utilize the available security features like two-step verification. Coinbase has two-step verification, biometric fingerprint logins, insurance in the event that Coinbase itself is breached (this insurance does not apply if your account is breached due to your own lack of security measures), and also stores 98% of users' funds in offline cold storage. Digital currency is not considered legal tender and therefore is not backed by SIPC or FDIC. Coinbase provides insurance by pooling Coinbase balances and holding them in USD custodial accounts, USD denominated money market funds, or liquid U.S. Treasuries. Coinbase provides a solid amount of security in comparison to a number of other leading exchanges. This is one of the reasons why Coinbase is a great offering for those looking to safely get started investing in cryptocurrency.