While cryptocurrency exchanges are not protected by the FDIC or the SIPC, Coinbase says that all of the digital currency it holds online is insured .
Read moreCan Coinbase steal my money?
From time to time, due to violations of our User Agreement, Coinbase may restrict access to buy/sell services on a customer’s account. This can happen for a number of reasons including, but not limited to, high risk of fraud .
Read moreWhy 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%.
Read moreIs Coinbase safe to buy Bitcoin?
Coinbase is a well-known cryptocurrency exchange that makes it easy to buy, sell, and exchange cryptocurrency. Coinbase makes buying Bitcoin as easy as buying a stock through an online brokerage, but look out for the fees and poor customer service. Coinbase offers a secure way to invest and trade with cryptocurrencies .
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