We want to introduce you to an overview of the cryptocurrency exchange Coinbase, where you will find many opportunities for successful trading and storing cryptocurrency assets. The platform also features an educational center where you can earn financial rewards for completing courses. However, the exchange’s reputation beyond its borders raises certain doubts. In this review, we will try to answer the question: how much can you trust this platform?
What is known about the Coinbase exchange? Is the information provided reliable?
The Coinbase exchange positions itself as a convenient place to manage a cryptocurrency portfolio.
The company Coinbase has been providing its services since 2012. The main office is located at: San Francisco, California, USA. On this platform, you can easily buy and sell digital currencies such as Bitcoin, Ethereum, and Litecoin.
The provided mailing address on the official website is valid (548 Market St #23008 San Francisco, CA 94104).
This is just a general overview. However, based on the information provided, we cannot definitively confirm Coinbase’s operations 100%.
We also analyzed the internet address and domain of Coinbase:
The company has indeed been providing its services since 2012. It reached peak popularity in 2017-2018.
Most of the data on the website www.coinbase.com has been confirmed as accurate. Therefore, the information presented on this resource can be safely trusted.
Products and services of the Coinbase cryptocurrency exchange
The company Coinbase offers its own products and services for its clients and partners.
All of Coinbase’s products are divided into three categories:
- For all clients,
- For experienced traders,
- For businesses.
Let’s take a closer look at them.
For all clients:
- The Coinbase platform.
To use it, you need to register, verify your account, and fund it. After that, you can start trading.
- The personal cryptocurrency wallet Wallet.
This application is designed for tracking and storing your own cryptocurrency assets. It is worth noting the convenient mobile version.
- The stable cryptocurrency USD Coin.
USD Coin is a form of cryptocurrency that is a stable coin. You can always exchange the coin for 1 dollar, which ensures its stable price.
- The educational center with rewards Earn.
Many educational courses on cryptocurrencies are provided for free. After completing them, you can receive rewards in the form of Dai, EOS, XLM, Zcash, BAT, and others.
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For experienced traders:
- The trading platform Coinbase Pro.
This service provides the opportunity to trade cryptocurrency using more advanced features. Additionally, you receive insurance for all your transactions.
For businesses:
- The cryptocurrency accounting tool Commerce.
This application facilitates the management of digital wallets. Transfers take only a few minutes.
- The cryptocurrency custody service Custody.
You can store your assets under the protection of professionals. This application simplifies currency management and internal operations.
- The investment portal Ventures.
This service offers the opportunity to invest in promising projects or obtain funding for your ideas in the crypto business.
The wide range of services, applications, and projects provided indicates Coinbase’s commitment to developing and becoming a leader in the field of crypto trading.
However, their plans should not be taken at face value. There are many reviews on the internet pointing out imperfections in these services. Therefore, it is recommended to verify each financial instrument before using it.
What does the legal policy of the Coinbase company imply?
We have prepared several points from Coinbase’s client agreement that will help you understand the exchange’s practices regarding its clients.
Point 1
Translation:
“If an incorrect transaction occurs due to Coinbase’s actions or errors, the company will refund you the amount and restore your wallet. The company will try to inform you of the reasons for the incident, pay all necessary expenses, and additional expenses due to the incorrect transaction. Upon your request, the company will try to trace the incorrect transaction but does not guarantee success in doing so.”
What this means:
The company is willing to cover all expenses incurred by the client due to the exchange’s error. You have the right to demand compensation or a refund if you believe you have suffered losses due to the company. However, it is unknown whether Coinbase will fulfill these obligations.
Point 4.7
Translation:
“You can withdraw all or part of your funds from your wallet at any time. To do this, select the appropriate option on the site and follow the instructions. Upon termination of the agreement, the company will redeem all funds from your wallet and transfer them to your bank account. Before withdrawing cryptocurrency, the exchange may conduct checks for fraud, money laundering, and other financial crimes. You are prohibited from requesting a withdrawal of funds until the verification is completed.”
What this means:
This point is controversial. Many exchanges use fund withdrawals for their own purposes. Your funds may be frozen if the company believes you are involved in financial crimes. In this case, they will not provide any evidence.
What is being said about the Coinbase company on the internet?
We have selected reviews of clients and partners of the Coinbase exchange from the internet for you.
Positive and negative reviews are distributed about equally. Here’s what a user with the nickname “Degoo2018” writes about the Coinbase wallet:
“The Coinbase app works flawlessly, but there is one ‘but’ – it depends on your location. I used to be able to access the app without a VPN, but now it is difficult. Cryptocurrency arrives in the wallet very quickly – within 3 minutes.”
Here is a review from a user under the nickname “Aleksandr 1990”. He expressed his dissatisfaction with the service:
“After depositing money, I cannot access the account section. Error – access token is invalid. Support responds slowly, just loading a bot.”
To verify the authenticity of the reviews, follow the link: https://otzovik.com/reviews/elektronniy_koshelek_coinbase/.
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Is it worth choosing the Coinbase cryptocurrency exchange for trading? Let’s summarize
Pros:
- Reliable information on the main site,
- Extensive selection of projects and services,
- Modern educational center,
- Opportunities for career growth in the company.
Cons:
- Requires the use of a VPN for stable access,
- Dubious reputation on the internet,
- Issues with fund withdrawals.
Opinions about Coinbase vary. On one hand, the company aims for a positive reputation and provides verified information. On the other hand, previous clients leave negative reviews about the exchange. They encounter problems with fund refunds and technical support.
We recommend using Coinbase’s services with caution! Start with small amounts and carefully assess how the Coinbase cryptocurrency exchange operates.
