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About Coinbase Exchange

Coinbase Exchange, a US-based cryptocurrency trading and investment platform, offers users a convenient way to buy, sell, exchange, and store various cryptocurrencies. The platform is designed to be intuitive and beginner-friendly, providing support for basic transactions, digital wallets, and PayPal withdrawals.

For more experienced traders, Coinbase Pro offers advanced trade execution and lower fees. However, in June 2022, Coinbase announced that Coinbase Pro would be phased out, and all users would gain access to the “Advanced Trade” feature on the main app.

Founders of Coinbase Exchange

The project was founded in 2012 by Brian Armstrong, a former engineer at Airbnb, and Fred Ehrsam, a former trader at Goldman Sachs.

Brian Armstrong currently serves as the CEO of Coinbase. 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. Armstrong began his career as a developer at IBM, worked as a consultant for Deloitte, and later joined Airbnb as a software engineer.

Fred Ehrsam, a co-founder of Coinbase Global, attended Duke University in North Carolina, where he earned a bachelor’s degree in computer science with a minor in economics. He left Coinbase in 2017 but retained his position on the board of directors. In 2018, Ehrsam co-founded Paradigm, a cryptocurrency investment firm.

Launch Date of Coinbase Exchange

Coinbase Global, Inc. was established in June 2012 in San Francisco, California, USA.

Location of Coinbase Exchange

While Coinbase does not have a physical head office, the company has gained the trust of US regulators. All employees work remotely.

Restricted Countries on Coinbase Exchange

Coinbase is available in over 100 countries, although certain functions may be restricted in specific regions. The complete list of supported countries can be found on the official website.

Supported Coins on Coinbase Exchange

More than 150 cryptocurrencies can be traded on the Coinbase online platform. The selection includes popular options such as BTC, ETH, AVAX, SOL, ADA, USDC, DOGE, MATIC, and USDT.

Leverage and Margin Trading on Coinbase Exchange

In February 2020, Coinbase Pro announced customers could access up to 3X leverage on USD-quoted books. However, margin trading was disabled in November 2020 due to changes in the regulatory environment.

USD

Supported types

Cryptocurrency

Stable Coins

Tokens

Launched

04/06/2012

Headquarters office

San Francisco

Fees

Coinbase implements a maker-taker fee model, with fees ranging from 0.00% to 0.40% for makers and 0.05% to 0.60% for takers, depending on the total USD trailing 30-day trading volume. “Stable Pairs,” which are trading pairs involving stablecoins, have a fixed maker fee of 0.00% and a taker fee of 0.001%.

Fiat deposit fees vary and are free for ACH deposits, $10 USD for wire transfers, €0.15 EUR for SEPA transfers, and free for SWIFT transfers. Withdrawal fees range from free for ACH withdrawals, $25 USD for wire transfers, €0.15 EUR for SEPA transfers, to £1 GBP for SWIFT transfers.

Withdrawal

Withdrawal limits apply to both cryptocurrency and fiat currency on Coinbase. For Coinbase Pro account holders, a daily withdrawal limit of $50,000 applies to all currencies. If US customers wish to deposit more than the maximum $25,000 per day limit for ACH transfers, they can opt for a wire transfer from their bank account to their Coinbase account. The specific withdrawal limit for a Coinbase account varies depending on the chosen payment method, and it is advisable to keep withdrawals below $10,000 from time to time to remain within safe limits.

KYC requirements

Coinbase implements identity verification procedures to adhere to Know Your Customer (KYC) regulations. KYC involves multiple steps to deter the creation and usage of fraudulent accounts. Any identification verification conducted on your Coinbase account will also apply to your Coinbase Pro account. Most customers (90%) can resolve ID verification matters by utilizing the Coinbase mobile app and their mobile phone’s camera. Coinbase only accepts state-issued identification documents, such as a Driver’s License or Identification Card, for ID verification. It’s important to note that KYC is not supported throughout Coinbase’s extensive ecosystem.

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