Coinbase fees, payment methods, supported countries – 2020 UPDATED

coinbase-logo
Trusted Crypto-Exchange
Credit, debits cards and bank transfer accepted
Possibility to earn cryptocurrency for free
Useless without ID verification
Few reports of poor customer support

Coinbase is one of the most trusted cryptocurrency exchanges in the world. There is possible to buy the most popular cryptocurrencies fast and hassle-free.

About Coinbase

Coinbase’s foundation year is 2012 and the founders are Brian Armstrong and Fred Ehrsam. The company main office is located in San Francisco, California.

Coinbase was funded with the amount of more than 200M $ from the world´s leading investors.

The company offers the following services:

Cryptocurrency exchange – you can Buy/Sell Digital Currency or just exchange one into another.

Coinbase Pro – secure and insurance-backed platform to trade a variety of digital assets. Among others, you can trade the following crypto coins: BTC, ETH, LTC, BCH, and ZRX.

Coinbase walletcryptocurrency wallet where you can store your purchased or exchanged crypto coins.

Coinbase also offers own app for Android / iOS which empowers you to send, receive or just check your balance in seconds.

Bonuses

Coinbase offers the possibility to earn cryptocurrency for free. Everything you need to do is finish the registration process, verify your account, and watch a few videos on this website. For that, you will earn free cryptocurrency. It depends on the videos you will choose from, you can earn for free Orchid (OXT), Tezos (TXD), Dai (DAI), Eos (EOS), Stellar Lumens (XLM) and Basic Attention Token (BAT). Click here to earn crypto on Coinbase for free!

Cryptocurrencies availble

At the time of writing, Coinbase supports following cryptocurrencies which you can buy or sell.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • EOS (EOS)
  • Stellar Lumens (XLM)
  • Chainlink (LINK)
  • Ethereum Classic (ETC)
  • Zcash (ZEC)
  • Basic Attention Token (BAT)
  • 0x (ZRX)
  • Augur (REP)
  • Dai (DAI)

You can also check the prices of more coins on the Coinbase, but at the moment, you can exchange or store in your wallet only coins listed above.

coinbase-unsupported-currencies

Payment methods

On the Coinbase, you can use the following payment methods.

  • Bank Wire transfer (including ACH in the US and SEPA in the EU)
  • Credit cards
  • Debit cards
  • PayPal (for withdrawals only)

Limits

If you have verified your account on Coinbase, you can trade up to $25,000 a day via wire transfer from your bank. If you wish to trade more per day, you can wire your funds into your Coinbase USD wallet. For purchase cryptocurrency via Credit Card, after the account verification, you are limited by your card’s limit.

Fees

Coinbase charges a Spread of about 0.50% for Digital Currency Purchases and Digital Currency Sales. This Spread could be higher, it depends on your country and payment method, which you would like to use.

Fee for the Digital Currency Conversions is up to 2% of the transaction amount. 

As we mentioned above, all fees could vary based on your country and payment method. You can see more detailed information about the fees in this post.

Supported countries

The Coinbase provide services to clients from these countries:

Angola, Benin, Botswana, Cameroon, Ghana, Kenya, Mauritius, Namibia, Rwanda, South Africa, Tunisia, Uganda, Zambia, Armenia, Bahrain, Brunei Darussalam, Hong Kong, India…

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Indonesia, Jordan, Kazakhstan, Korea, Kuwait, Kyrgyzstan, Macao, Maldives, Mongolia, Nepal, Oman, Philippines, Singapore, Taiwan, Uzbekistan, Australia, New Zealand, Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, Aruba, Bahamas, Barbados, Bermuda, Canada, Cayman Islands, Costa Rica, Curaçao, Dominican Republic, El Salvador, Guatemala, Honduras, Jamaica, Mexico, Nicaragua, Panama, Trinidad and Tobago, United States, British Virgin Islands, Argentina, Brazil, Chile, Colombia, Ecuador,Paraguay, Peru, Uruguay.

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Before the registration double check if the Coinbase support the concrete service in your country, because for example, in most Africa and Asia countries Coinbase provides only exchange services.

Comparison with other crypto Exchanges

Exchange
coinbase
Binance
Kraken
Fee
1,49 %
0,10 %
0,26 %
Payment methods
Bank transfer, Credit and Debit cards, PayPal
Visa, MasterCard, Cryptocurrency
Bank transfer, Cryptocurrency

Coinbase review summary

Fees
Payment methods
Ease of use
Customer support

Summary

Great crypto exchange, with possibility to earn cryptocurrency for free. Supported payment methods are Bank transfer, Credit and Debit cards and PayPal.

4.3

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