Coinbase was launched in 2012 and is one of the biggest and most reputable Cryptocurrency exchanges. It is available in 32 countries (including the US) and currently serves over 10 million customers.

Coinbase is very user friendly because it makes selling and buying digital currencies extremely easy. It also offers a mobile application for both iOS and Android which some people might find handy while on the go.

Coinbase offers 4 coins — Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC). It supports trading/purchasing with United States Dollar (USD), Euro (EUR) and the Great British Pound (GBP). It allows customers to deposit and withdraw FIAT via a bank transfer. Additionally, you can immediately purchase digital currencies using a debit/credit card. Digital currencies can also be deposited/withdrawn to/from exchanges or wallets.

Its transfer fees are reasonable, however, its trading fees are vastly more expensive than the competition. A detailed break-down of the fee structure can be found here.

Coinbase has not suffered any security breaches in the past. It also offers insurance on the FIAT and cryptocurrency deposits, which many other exchanges do not.

Coinbase also offers a fully fledged advanced exchange called GDAX. GDAX offers most features an advanced trader would expect from an exchange. It can be accessed with your Coinbase account. Transferring FIAT and cryptocurrencies to/from Coinbase is instant with no fees. One thing to note, GDAX offers different and better trading fees than Coinbase.

If you would like to read more about GDAX, how to use it and how to leverage its features for trading, drop me a message in the comments below or a tweet.