EXPERIENCES & Coinbase Review
Coinbase is a single cryptocurrency platform from America. It operates worldwide, making it very user-friendly and easy to use for the Dutch as well. It is one of the largest players in the market with an excellent reputation. On Coinbase you can buy many different cryptocurrencies and keep them in the wallet.
Crypto exchange Coinbase
Cryptocurrency is a term you hear more and more often. It’s about buying and selling digital money. You also hear the name Coinbase more and more often. But what is Coinbase and what can you do with it? But of course you also need to know what cryptocurrency means. Cryptocurrency is also called crypto money or crypto currency. Broadly speaking it is a digital currency. It is an alternative payment system for currency that we now use. Cryptocurrency is a currency that was developed on the internet. So it is a digital currency with real value attached to it. The best-known crypto currency today is still Bitcoin.
Coinbase is a platform that makes it very easy to buy, sell, or store one of the big four cryptocurrencies (Bitcoin, Litecoin, Bitcoin cash, and Ethereum). Coinbase is one of the largest websites in the crypto sector. They also offer the possibility to look at the rate of Bitcoin
In this article we will explain how to create an account on Coinbase and how buying, selling and saving crypto on Coinbase works.
Coinbase login and register account
When you’re on the website of Coinbase, they offer you the possibility to register an account. This can be done in just a few steps and is very simple. After filling in some personal information, such as your name and e-mail address. Then you will receive an e-mail from Coinbase confirming your account. After using the confirmation link, the Coinbase login is complete.
Before you can actually start buying and selling the different crypto currencies Coinbase offers, your account needs to be verified. To do this, you need to upload a photo of your ID card, passport or driver’s license. After doing this you will receive a message within a few minutes whether your account has been successfully verified. Then you can add the desired payment method. This can be done by bank transfer or by credit card from which the purchases will be debited.
After completing these steps, your account is ready to use and you can start buying cryptocurrency. To do this a wallet is required, if you don’t have one yourself, Coinbase offers the possibility to use a wallet in which you can keep the crypto in your possession.
Buying crypto on Coinbase, how does that work?
Buying crypto like Bitcoin is very simple on Coinbase. After adding a payment method you will find the button ‘Buy and sell’ at the top of the menu. After clicking the button, choose the desired payment method and immediately buy one of the crpytocurrencies offered on Coinbase.
Coinbase offers you the possibility to save the coins in the Coinbase wallet, or you can send the coins to another wallet of your choice. You can send coins on Coinbase by clicking ‘Send’ at ‘Account’. An overview of the cryptocurrencies in your possession will be shown on the dashboard.
Selling on Coinbase verkopen, how does that work?
Have you made a nice profit with, for example, Bitcoin and do you want to sell Bitcoin, in hard euros to Coinbase? This is also made very easy with the ‘Buy and sell’ option. Here you will be able to select the number of cryptocurrency you want to sell to Coinbase. After you have selected this, Coinbase will immediately show you what this will bring you in euros. Then you can choose to have this amount transferred to your personal bank account.
Note: It may take a few days before the amount is actually on your bank account.
The rates of the Coinbase cost of buying and selling cryptocurrency on Coinbase are quite high. especially compared to, for example, Bitvavo where you only pay a 0.25% fee per transaction. Coinbase used to be a very popular broker among Dutch crypto traders. However, Coinbase’s previous popularity has decreased significantly due to the high fees charged per transaction.
Coinbase offers the possibility to make credit card payments, this method of payment is comparable to the speed offered by the well-known IDEAL. With this Coinbase makes up for the lack of the possibility to pay with IDEAL. Nevertheless, the fact remains that many Dutch people prefer to pay with IDEAL instead of a credit card because it is simply cheaper.
Coinbase charges a different fee per country. However, for Dutch and Belgians these are the same and are as follows:
- Selling or selling cryptocurrency: 1.49% fee per transaction
- Credit card purchases: 3.99% fee per transaction
- Bank transfer from own personal account to Coinbase: Free of charge
- Bank transfer from Coinbase to own account: €0.15 per transaction
As you can see the Coinbase fees are thus quite high per transaction compared to other cryptoplatforms.
Coinbase reliable and Coinbase experiences of users
Coinbase is one of the first players in the crypto sector to book as a broker and has over 8 million users. This number is still increasing. However, many novice traders are currently opting for other crypto exchanges due to the high fees charged per transaction.
Apart from that, Coinbase remains a reliable broker with an extremely secure trading environment. Currently Coinbase holds the licenses to operate as a legitimate company within 32 different countries and to trade in crypto. The fact that the user has the feeling of full control over the purchase/sale of the coins on Coinbase. is mentioned as very pleasant among the experiences of users.
In addition to the insightful way of trading and the feeling of full control over purchases/sales at Coinbase. Coinbase is known as a secure cryptoplatform to trade on. Every transaction is checked by Coinbase in cooperation with Bitcoin to make sure it is not an illegal transaction.
This Coinbase review makes it clear that Coinbase is still a very important and one of the bigger players within the crypto sector. Coinbase is especially popular among users who want to take advantage of the conveniences Coinbase has to offer. Coinbase makes buying and selling different crypto currencies very easy.
However, Coinbase is certainly one of the most expensive brokers within the crypto sector. For people who want to be advantageous and have more experience, it might be advisable to use another broker.
Do you have a question for Coinbase or would you like to speak to a Coinbase contact person?
On https://help.coinbase.com/ you will find a large number of frequently asked questions and complete manuals that might answer your question. Before you contact one of the employees, it is wise to take a look here.
Isn’t your question in there? Then Coinbase offers you the possibility to contact us through one of the designated channels. Coinbase offers you the possibility to contact one of its employees by phone or e-mail.
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|Free Account||Yes, register here|
|Country of residence||United States|
|Buy with creditcard||Possible|
|Buy with iDeal||Possible|
|Cash out to bank||Possible|
What is Coinbase
Coinbase is a reliable exchange where innovation is high in the vanguard. The exchange offers a few dozen cryptocurrencies, has a clear interface to buy, trade and save cryptocurrencies.
Het bedrijf heeft meer dan 2.5 miljoen gebruikers wereldwijd inmiddels.
Largest US Exchange
Coinbase is the largest cryptocurrency exchange in the US.
Active in the world of bitcoin since 2012.
Easy to use platform, very clear interface.
You can trade more than 25+ cryptocurrencies and also use the stablecoins.
Frequently asked questions
Is it possible to purchase crypto with IDEAL at Coinbase?
Yes, Coinbase offers users the possibility to purchase crypt currency with IDEAL.
Does Coinbase have low fees compared to other crypto platforms?
In general Coinbase charges a slightly higher fee per transaction, compared to other platforms.
Is Coinbase safe to buy and sell?
Yes, Coinbase is a secure trading platform within the crypto sector. Coinbase is one of the first and one of the big players within the crypto sector, also in the field of security.
How long does it take before the money is actually in my bank account after the sale?
It may take a few days before the money is actually in your bank account.