Coinbase is a good way to get started in crypto, but shouldn’t be used long term, since their internal fees will eat away at your investment returns. There a lot of better exchanges out there with lower fees.
Everyday Coinbase becomes more and more like a bank. Crypto is suppose to help keep your identify secret, but the amount of verification that you have to do to use the service is ridiculous. The way Coinbase is heading doesn’t look good at all.
I have been using Coinbase for a while now to buy and sell mostly Bitcoin and Ethereum. Today I tried to log in as normal only to find out that my account has been blocked. I can’t get through to customer support on the phone and my emails are not being answered either.
A lot of people give Coinbase bad reviews, but for the most part it goes what it sets out to. The main goal of Coinbase is to introduce people to crypto trading in the easiest way possible. Which it goes very well. You can set up an account and buy some of the top cryptos with fiat money very quickly. Yes! It does have its problems, but overall it does work.
The only word to describe Coinbase is “Terrible”. They will put holds on your account for no good reason at all. Customer support will never answer questions in full, and the tickets you raise are sometimes closed without providing any help whatsoever.