Is Coinbase a scam? Is Coinbase legit?
First of all, let’s start by stating the obvious: Coinbase.com is a legitimate exchange company that has been a front-runner in the crypto game for years. They operate fairly simple – they accept fiat and provide cryptocurrencies in return. For a small fee. Which brings us to our next point.
- Credit & Debit Card 3.99%
- Buy/Sell within Coinbase 1.49%
- Wire Transfer (US) 10$
- Bitcoin Transaction fees: Unclear, high.
Coinbase deposit & withdrawal limits
- Deposit limit starts with 500$ per week
- Withdraw starts with 500$ per week
Most common problems
Coinbase, due to being very popular, is often extremely slow and sometimes transactions take much longer than they should. Also due to a large number of users, verification process also can take a while. And this is strictly followed up with:
Unfortunately, Coinbase provides miserable customer support services. Not much to comment on that, tickets go unanswered for weeks.
General summary of Coinbase.com can be seen below.