Is Coinbase Legit?

Coinbase is one of the world’s largest and most popular centralized crypto exchanges, which offers a wide range of services that allow users to make crypto transactions. The exchange was founded in 2012 by Brian Armstrong and Fred Ehsram, making it one of the oldest crypto platforms.

Coinbase has an interactive and convenient interface with a clean design that makes navigating the website easy for beginners. It is a secure and trusted platform because it only offers legit and verified cryptocurrencies. It has a feature that makes fast and seamless transactions called β€œInstant Exchange.”

Pros of Coinbase

– A huge selection of cryptocurrencies to trade (120+) – Good and beginner-friendly user interface – Opportunities to earn interest in cryptocurrencies – Plenty of educational resource – Strong security with funds stored in cold storage – FDIC insurance for US user

Cons of Coinbase

– High transaction fees and high trading fee – Complex trading fee system based on maker-taker pricing tier – Poor customer service – Does not support some altcoin

Is Coinbase the right crypto exchange for You?

Well, Coinbase is one of the most secure and user-friendly exchanges for beginners due to its intuitive interface on both the mobile app and website. Along with that, Coinbase also offers an advanced trading platform for more advanced traders. It is suitable for both beginner and advanced traders

However, customer service at Coinbase is almost nonexistent. That should not be a problem considering the fact that it has comprehensive learning resources. Still, it may not be the right exchange for people who find it difficult to handle their accounts on their own.

Coinbase Fees situation

Despite the fact that Coinbase is among the most popular platforms, it is true that its fees can generally be high. So, it may not be very suitable for investors with limited funds, especially beginners looking for more cost-friendly options.

How to Avoid Coinbase Scams?

Coinbase is a 100% legitimate crypto exchange but scammers will make use of various ways to take advantage of its popularity. Be aware of these schemes: – Technical support and impersonation scam – Giveaway scam – Investments Scam – Loader or Load-up Scam – Telegram Scam – Employment Scam – Phishing

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