COINBASE
What Is Coinbase Exchange?
Coinbase Exchange serves as a crypto trading and investment platform situated in the United States. It provides a user-friendly experience, allowing individuals to effortlessly buy, sell, exchange, and securely store various cryptocurrencies. The platform caters to both beginners and seasoned traders, offering support for basic transactions, digital wallets, and convenient PayPal withdrawals.
For those seeking more advanced trading capabilities and cost-saving benefits, Coinbase Pro has been the go-to option. However, in June 2022, Coinbase made an important announcement stating their intention to phase out Coinbase Pro. Instead, they have decided to integrate the powerful “Advanced Trade” feature into their main app, ensuring that all users can access these enhanced trading functionalities without any limitations.
The founders of Coinbase Exchange are Brian Armstrong and Fred Ehrsam.
Coinbase Exchange was established in 2012 by Brian Armstrong, a former Airbnb engineer, and Fred Ehrsam, a former Goldman Sachs trader.
Brian Armstrong currently serves as the CEO of the company. He holds a bachelor’s degree in economics and computer science from Rice University, Texas, and also obtained a master’s degree in computer science. His career started as a developer at IBM, followed by a role as a consultant at Deloitte. Later, he joined Airbnb as a software engineer.
As for Fred Ehrsam, the co-founder of Coinbase Global, he attended Duke University in North Carolina, where he earned a bachelor’s degree in computer science with a minor in economics. In 2017, he departed from Coinbase but remained on the board of directors. Subsequently, in 2018, Fred co-founded Paradigm, a cryptocurrency investment firm.
Where Is Coinbase Exchange Located?
Despite not having a physical headquarters and operating with a fully remote workforce, the company has successfully earned the trust of US regulators.
When Did Coinbase Exchange Launch?
Coinbase Global, Inc. was established in June 2012 in San Francisco, California, U.S.
Coinbase Exchange Restricted Countries
Coinbase is available in over 100 countries, although some functions may be restricted in certain areas. The entire list can be viewed on the official website.
How Much Are Coinbase Exchange Fees?
The exchange operates on a maker-taker fee model, with maker fees ranging from 0.00% to 0.40% and taker fees from 0.05% to 0.60%. The specific fee level depends on the total USD trailing 30-day trading volume.
For “Stable Pairs,” which are trading pairs involving stablecoins, a fixed maker fee of 0.00% and a taker fee of 0.001% are applied.
Regarding fiat deposit fees, they vary as follows: ACH deposits are free, Wire deposits incur a $10 USD fee, SEPA deposits have a €0.15 EUR fee, and SWIFT deposits are free of charge.
As for withdrawal fees, ACH withdrawals are free, Wire withdrawals have a $25 USD fee, SEPA withdrawals incur a €0.15 EUR fee, and SWIFT withdrawals are charged £1 GBP.
Using Leverage or Margin Trading on Coinbase Exchange: Is It Feasible?
In February 2020, Coinbase Pro introduced the availability of up to 3X leverage on USD-quoted books for its customers. However, in November 2020, the platform disabled margin trading due to regulatory environment changes.
Over 150 crypto assets can be traded on the online platform, including popular options like BTC, ETH, AVAX, SOL, ADA, USDC, DOGE, MATIC and USDT.