Coinbase is the most well-established cryptocurrency exchange in the US and offers a simple fiat on-ramp, more than 240 tradeable coins, and a popular crypto wallet. It also has a robust suite of educational resources for beginners and seasoned investors alike. Its status as a publicly traded company gives it more transparency than rival exchanges (like the recently collapsed FTX) and it keeps most of its users’ funds in cold storage, which add up to high levels of security.

However, Coinbase Trading Review has a tendency to freeze or close user accounts without explanation, and its customer service is notoriously slow to respond. In addition, the fees charged for trading are often a bit higher than average.

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The basic Coinbase platform has a convoluted fee structure, with a mix of maker/taker and spread fees that vary by location, payment method, order size and market conditions. This makes it difficult for new users to calculate what they’ll pay before executing a trade. Fortunately, users can switch to Coinbase Advanced for a simplified maker/taker fee structure and a more clear-cut price display that shows them exactly what they’ll pay for each trade.

Users who frequently trade will likely benefit from a Coinbase One membership, which includes zero trading fees on hundreds of digital assets, priority customer support and member-only sweepstakes. Additionally, it helps users navigate tax season for their cryptocurrency with a pre-filled form 8949 and gives them access to exclusive partner deals.