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Headquartered in San Francisco, California, Coinbase is considered by many to be the most beginner friendly exchange. It accomplishes this through its beautiful yet simple user interface.

Instead of buying Bitcoin and other cryptocurrencies from other users, you are buying directly from Coinbase. Technically, this makes Coinbase is a brokerage. Coinbase has recently rebranded GDAX (Global Digital Asset Exchange) to Coinbase Pro. This rebranding has come up with an updated user interface, and new features.

Coinbase charges 1.49% fees on bank purchases and 3.99% fees on credit and debit purchases. These fees are on the lower end compared to other brokerages. It’s recommended to use your bank account when making large purchases. Coinbase allows its users to make recurring purchases when investing in various cryptocurrencies.

The exchange has recently expressed interest in adding several other cryptocurrencies, such as 0x, Stellar Lumens, Cardano and more. Coinbase’s lack of alternative currencies have hurt them in the past but it’s possible to start seeing more variety soon.

If you sign up to Coinbase using one of the links, you will receive $10 in FREE Bitcoin on your first $100 order.

Why use Coinbase?

You should use Coinbase if:

  • You are a beginner cryptocurrency investor

  • You like low fees

  • You plan on paying via credit card, debit card, bank transfer, or bank wire.

  • Your country is supported by Coinbase (United States, Europe, Singapore, Australia)

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