What Are The Drawbacks Of Coinbase?
Fees overview Coinbase has a somewhat complex fee structure, one of the downsides to the platform. The fee structure for buy and sell transactions consists of two parts -- Coinbase's "spread" (a markup of about 0.5% over the quoted exchange price), and a transaction fee.
Can my bitcoin be stolen from Coinbase?
Coinbase carries crime insurance that protects a portion of digital assets held across our storage systems against losses from theft, including cybersecurity breaches.
How is Coinbase insured?
Can you get scammed on Coinbase?
Scammers can create fake websites asking for sensitive information to gain control of your accounts. Coinbase employees will NEVER ask you to share your password, 2-step verification codes, or private keys. If someone claiming to be from Coinbase asks you for this information, it is a scam.
What is phishing? | Coinbase Help
How trustworthy is Coinbase?
While it is never 100% safe to your money on any online exchange, Coinbase is one of the safest web wallets you can use. Coinbase keeps almost 99% of their assets in an offline cold storage that can't be accessed — when in cold storage, they cannot be hacked!
Coinbase Review: What is Coinbase and is it Safe to Use? - BitDegree
Why you should not use Coinbase?
Transacting bitcoins on Coinbase may be worse for privacy than even PayPal. And it's because you also compromise the privacy of people who transacted with you. Then there's the issue of high fees. Coinbase's convenience and ease of use come at a cost: when you buy bitcoins, the fee is 1.49% to 3.99%.
Coinbase Review: 5 Reasons You Shouldn't Use It (2022 ...