Coinbase Exchange Review with Pros and Cons – Is it Safe?

Coinbase is the most popular exchange to buy and sell cryptocurrencies, for Fiat currencies. In the last year, they also started to list bigger altcoins.

Table of Contents

  1. When did they start?
  2. Do we know the founders?
  3. How secure is it, is there 2FA, etc.?
  4. Is it insured, if not, is there a backup fund?
  5. What does the exchange focus on?
  6. Is it a centralized or a decentralized exchange?
  7. Does it hold IEOs?
  8. What are the fees?


Coinbase started in June 2012, by Brian Armstrong, Fred Ehrsam, and Ben Reeves, however, Ben Reeves later parted, as he had his differences with Armstrong about how the Coinbase wallet should operate.

The current CEO is Brian Armstrong, with the President being Emilie Choi.

Coinbase is located in San Francisco, California.


You can add 2FA or SMS Authentication, plus you also have the ability to verify yourself. Once you do that, you can start using the site to its full potential.

Coinbase, just like most other exchanges, keeps the majority of the user funds in cold wallets.

Cold wallets are used to keep funds offline, safe from hacks.

They keep the remaining 2% of the assets in hot wallets, which is insured, for up to $255 million.

This insurance is first of its kind; no exchange has ever done that before.


The primary focus of Coinbase is its main website,, which is used to onboard new users into the cryptocurrency space.

They used to only focus on bigger cryptocurrencies, like Bitcoin, Ethereum, and Litecoin, however recently they started to expand into more lesser known, but quality projects.

Coinbase also has a pro version on their website called Coinbase Pro, which is made for advanced users.

Both of them are centralized exchanges.

Neither does Coinbase, nor Coinbase Pro holds Initials Exchange Offerings at the time you are reading this.

Screenshot of, showing popular cryptocurrencies.
With Coinbase, you have the ability to automatically purchase a fixed amount of cryptocurrency with every paycheck, which is an excellent way to dollar cost average into your investments.


The fees are highly different, based on the transaction you are making, for example, standard buy/sell has a 1.49% base fee, while instant buys (for credit and debit cards) has a 3.99% fee.

Coinbase Pro has considerably lower fees, so it is advised to transfer your cryptocurrencies there if you would like to trade them. However, you can not purchase cryptocurrencies with Fiat currencies on that platform.

Disclosure: The links in this review are referral links, which means that at no additional cost to you, you are helping this website to keep running, and that allows us to work on quality, fact-based reporting. We are trying our hardest not to include any shady exchanges with fake volumes, or questionable practices. You will only find exchanges that we would also personally use. We did not contact any of them before writing these reviews, and we rated them to our best knowledge. If you register to Coinbase using our link, you’ll receive $10 worth of free Bitcoin after you buy or sell at least $100 worth of cryptocurrencies.



Ease of Use







  • Very user-friendly interface
  • Great security
  • Supports a wide variety of Fiat currencies


  • High fees compared to other exchanges