Coinbase

Coinbase

By: Coinbase

Despite having its share of cons, this platform is still a great way to deal in Bitcoins— courtesy the expansive client base and a user-friendly interface. Selling restrictions make splurging impossible, thereby enhancing the credibility of this feature-packed web-wallet.

Web Visibility: 65.88%
Based on 16 Votes
Top Coinbase Alternatives
  • Bitfinex
  • EXMO
  • CEX.IO
  • HitBTC
  • BitPanda
  • Gemini
  • Blockchain
  • Coinspot
  • Kraken
  • Exodus
  • Poloniex
  • BitMEX
  • LocalBitcoins
  • BitBay
  • Remitano
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Top Coinbase Alternatives and Overview

1

Bitfinex

Allows you to trade your bitcoin and a few cryptocurrencies, as well as exchange them, using the largest and most advanced platform.

By: iFinex Inc.
Based on 16 Votes
2

EXMO

Provides a simple and secure platform to trade and exchange bitcoins and other cryptocurrencies.

By: EXMO FINANCE LLP
Based on 1 Vote
3

CEX.IO

Allows you to buy, sell, and trade bitcoins securely, with world coverage and cross-platform trading.

By: CEX.IO LTD
Based on 13 Votes
4

HitBTC

Offers an advanced trading platform for trading and exchanging bitcoin and some other cryptocurrencies with superior technology.

By: HIT Solution Inc.
Based on 20 Votes
5

BitPanda

Allows you to buy and sell bitcoin and ethereum within seconds, with various payment options that you can use for your transaction.

By: Bitpanda GmbH
6

Gemini

By: Gemini Trust Company, LLC.
Based on 3 Votes
7

Blockchain

While this service provides free secure wallet for your bitcoin assets, it only supports bitcoin and ether as your cryptocurrencies.

By: BLOCKCHAIN LUXEMBOURG S.A
8

Coinspot

Although coinspot is popular marketplace among Australia and new Zealand users, users from other countries may not use them due to geographic restrictions.

By: CoinSpot
9

Kraken

Although, Kraken is doing great work by supporting short selling and margin trading but the platform doesn’t facilitates the users with stop loss order types and trailing order types.

By: Payward, Inc.
Based on 13 Votes
10

Exodus

While it is good to have all of your cryptocurrencies stored in one place, some people might not want to do it simply because they want to diversify.

By: Exodus Movement, Inc.
Based on 1 Vote
11

Poloniex

Poloniex doesn’t showcase the identities of its investors and managers, which indeed affects it authenticity.

By: Poloniex, LLC.
Based on 17 Votes
12

BitMEX

By: BitMEX
Based on 12 Votes
13

LocalBitcoins

Allows you to search for buyers or sellers of bitcoins and perform the bitcoin transaction quickly, securely, and privately.

By: LocalBitcoins.com
Based on 15 Votes
14

BitBay

This service might offer various features for one free account that you make, but it also has higher maker and taker fees than most other bitcoin exchange and trade services.

By: Pinewood Holdings Limited
Based on 3 Votes
15

Remitano

Trading has become a widespread phenomenon these days to make some extra money without much hustle.

By: Remitano
Based on 1 Vote

Coinbase Review and Overview

Conibase comes forth as one dependable online wallet, best known for its functionality as a Bitcoin broker. Established in 2012, this company has currently limited trading activities to 32 nations, citing security concerns. Other countries can still purchase Bitcoins although exchanges are disallowed; at least for now. The company has taken giant steps, in terms of growth and development with a 9.8 million customer base to rely on. Moreover, Coinbase boats of massive exchange figures i.e. $20.0 billion to be exact.

Easy to Connect

This web-wallet allows customers to connect their debit cards, credit cards and bank accounts with the system, facilitating seamless digital currency exchange in either direction. Once connected, customers can start dealing in Bitcoin, Litecoin and Ethereum as the existing currency modes. With multiple currency modes in play, this web-wallet is probably the most reliable option to work with.

Availability of Mobile Wallet

Probably the best aspect of this Bitcoin broker is its multi-platform compatibility, in the form of mobile wallet experience. This functionality is available on Android and iOS— clubbed with selective features like requesting and sending Bitcoins, secured account access, availability of discrete transaction details and simplified trading activities. Therefore, customers can readily install the app-version of this web-wallet without having to worry about safety and functionality.

Complete User Control

This web-wallet brings back the concept of multisig vault, allowing users to take complete control in a matter of minutes. Coinbase lets customers store their private keys, helping them with seamless encryption, direct Bitcoin purchases and even group vaults. While the company has often been criticized for its lack of security enhancements, the recent developments featuring Bitcoins are rather exemplary.

Instant Exchanges are allowed

Customers are usually worried about the exchange rates and the risks associated with the same. However, this company comes forth with a pretty utilitarian network that mitigates price volatility and offers the best possible rates for a trade. Instant Bitcoin exchange is also available where customers can either send the digital currency or make a request towards receiving the same. There are instances when funds need be transferred immediately and this is where Coinbase shows up as a pretty reliable web-wallet.

Recurring Exchanges

Customers are allowed to make recurring exchanges over the platform and this feature has now been integrated right at the front. The concept of recurring purchases was long ignored by most service providers and we finally have something inspirational to look at. Moreover, this approach helps users avoid the timing risks and they can easily sell Bitcoins without having to track the timeline. Recurring exchanges are also good for the digital economy.

Verifications Methods for Security

The company accounts need to be created with utmost care as users have to furnish their names and email addresses— right at the start. There is also a user agreement to look at which has to be accepted in order to take the proceedings further. This wallet typically relies on advanced measures by keeping the policies crisp and clear. That said, having these measures in place further vindicates the organizational goals; making exchanges safe and secured.

Secured Storage Benefits

Bitcoins are elusive and this web-wallet has functional safety measures in place for securing the customer funds. It needs to be understood that almost 98 percent of customer funds are usually stored offline— keeping them away from cyber thefts. This kind of secured storage distributes Bitcoins in geographical safe boxes and country-specific vaults. Moreover, any form of sensitive data stored within the company framework is literally disconnected from the internet.
Apart from that, paper backups and drive-specific information are also stored in safe boxes— spread far and wide across the globe. Unlike most wallets, Coinbase comes forth with two-step authentication with customers being asked for a mobile code in addition to the password and username.

Coinbase Insurance

Digital currency stored within the database is insured and in case of security breaches and thefts— the customers will get back the lost funds. The insurance policy is attached to the agreement and covers losses for employee thefts, cyber security breaches and even physical shortfalls. As mentioned, only two percent of funds are usually stored online and therefore security leaks are supposedly minimized. In addition to that, customer’s fiat currency is segregated and stored in certain custodial accounts, completely restorable in case the firm turns insolvent.

Bottom-Line

In a nutshell, Coinbase is a great web-wallet for the beginners with minimum transactional fees and decent security standards. Moreover, this is one reliable Bitcoin broker— supporting features like recurring exchanges, secured storage and instant trading.

Company Information

Company Name: Coinbase

Top Features

  • Control Your Portfolio
  • Get Recurring Buys
  • Mobile App Available
  • Secure Storage Facility
  • Covered By Insurance
  • Various Digital Currencies
Core Features
  • Strong Security