Is CoinBase Safe? Can You Really Make Money?

You are welcome to my Coinbase (coinbase.com) Review!

I am sure you are here to find out if you can make money with Coinbase Exchange.

Is Coinbase Safe? Or, Is It a Scam?

Congratulation on landing on my website. It is good you are researching how to make money with the coin base.

This was how I learned how to transform my skills and ideas into a full-time income online. This birthed this website.

Please ride with me as you discover all you need to know about Coinbase exchange.

 

Coinbase at a Glance


Name: Coinbase
Website: Coinbase
Owners: Brian Armstrong and Fred Ehrsam
Founded‎: ‎June 2012;
Headquarters‎: ‎San Francisco, California, USA

 

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What is Coinbase?


So, What is Coinbase?

Coinbase was created by Brian Armstrong and Fred Ehrsam in 2011 with the company named Coinbase Inc. with its headquarters in San Francisco.

Coinbase deals with online broker exchange of bitcoin cash, Litecoin, and Ethereum as well as digital asset exchange.

The question is this, can you make good money with Coinbase?

The customers benefit from Coinbase since the customers get to conduct brokering deals involving different fiat currencies.

Also, they get to exchange currencies online by way of comparing charts and history records provided by the company to make the best deals.

Currently, the company operates in 32 countries worldwide.

I will be reviewing this website, and you will get to know if it is best for you or not.

This Coinbase Review will explain the following:

 

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How to Use Coinbase


Registered members need to log in to their Coinbase accounts for the unregistered members they should first sign up for the site.

To get started one should visit the payments method page for the selection of the method of payment either by debit or credit card.

Two small charges will be made on the card used, and the amount should be entered into the app when this is completed one can buy and sell currency at any time.

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How To Buy or Sell Crypto On Coinbase


  1. One should go to ‘buy/sell digital currency’ page.
  2. Enter the number of transactions and select the card on the payment methods menu.
  3. Confirm the order and enter complete buy/sell.
  4. Your orders will eventually be completed in minutes.

 

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Payment Method Supported By Coinbase


are several payment methods supported by Coinbase which customers can choose from all over the world according to the ease of use?

  • Bank account [ACH], this is suitable for large and small investments as most banks can be easily linked to your Coinbase account.
  • PayPal, which is suitable for quick sales to your PayPal account by verification of your ID to confirm transactions.
  • Wire transfers available for customers who are verified to obtain a USD wallet.
  • Credit card and Debit cards are visa cards and master cards that have a billing address.
  • Transfer of currencies and assets to and from your Coinbase account can be completed by the use of SEPA deposits by European customers.

Complete Coinbase Tutorial | YouTube

==>Sign Up for Coinbase Here

 

Fees Charge on Coinbase


The fee structure on the site operates on the “maker-taker” basis where fees are assessed as the percentage of the currency quoted.

The percentage quoted will be deducted from the amount entered at the arrival point.

The fee structure is always displayed on the screen of the users and varies from one geographical area to another. Different methods of payments provide varied fee structures.

Bank transfers charge US 1.49%, while SEPA charges 0.15% euros and bank wires are free.

On the other hand, Coinbase  wallet charges 1.49% while credit and debit card charge 3.99%

 

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Customer Support on Coinbase


The Coinbase site provides its customers with exemplary customer support through a customer care service which is swift to address customers’ issues.

Its FAQ segment tackles matters such as issues with buys and sales, account management, payment methods, digital currency and wallet services.

The segment has a ‘submit query’ button to reach the customer care if questions are not clearly understood.

 

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Public Opinion on Coinbase


Most online customers have registered their satisfaction from the use of the site this is due to favorable rates charged.

Moreover, reasonable fees offered at the site as well as the assorted digital assets as well as an easier way of currency exchange.

The customer support team also supports customers in a way that they feel that they are cared for.

 

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How to Make Money on Coinbase?


Coinbase is one of the legit online sites where one can buy assets during the low season cheaply and selling it latter highly when demand rises thus making a profit.

Equally important is making money through the affiliate program offered by the site.

This is achieved by affiliate regulations, where one can earn a commission on sales generated due to the marketing of the sold products.

  • Making $10 for Every Referral to Coinbase

Apart from what I stated above i.e. trading cryptocurrencies and selling for profits so as to make a margin.

That is an aspect of how you can make good money on this platform.

Coinbase.com has a referral program such that every person you refer to the website earned $10 and such person will also make $10 for every first $100 transaction done on the site.

The challenge with this is that such money can only be made once i.e.

You can only earn on one referred member whenever they trade up to $100 (you earn $10 and the individual also makes the same amount).

 

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  • Start A Cryptocurrency Blog.

The current explosion and mass adoption of Bitcoin is a great niche market to make a lot of money.

Having a website promoting Coinbase as an exchange website and referring to people via your content can help you make over $20,000 monthly.

The good news is that you also promote over 55 other exchanges where people are making money in one-ways or the others using Bitcoin or Altcoin.

Making money online via blogging is a great way of earning passive income.

You promote a website once and continue to make money for life even if you are sleeping or dead as long as your website is running.

The good news is that you can learn the art of blogging for money. Blogging about what you love doing best.

How to Make Money With Coinbase Exchange 

==>Sign Up for Coinbase Here

 

What I Like About Coinbase


  1. The site has relatively cheaper fees compared to other sites making it the go-to site for most people.
  2. People who use the site have access to assorted digital assets from all over the world making it the best site to acquire unique assets.
  3. The site is highly fluid meaning that there is the ease of doing business on the site brokering easy with quick currency exchange.

 

Issues with Coinbase


  1. There have been complaints in delays of orders in the past, but this is attributed to orders, which ted to take log to find a good match.
  2. The site is not ideal for beginners as it is rigorous and takes a lot of time before one masters the art of making a profit on the site.
  3. The limited geographical area makes the site unreliable for people who love traveling

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Who Is Coinbase For?


Coinbase’s target audience includes people from all demographics who would love to conduct brokering activities online as well as those who would love to get currency exchange.

All the currencies and fiat, as well as assets on the site, are traded against the US dollar.

 

Alternatives to Coinbase


We have many other exchanges like Coinbase.com that operate the same ways but with different strategies and trading more or fewer cryptocurrencies compare to Coinbase.

Gdax is the exchange for Coinbase where you can really trade crypto coins and make enough money if you have an appetite for a lot of risks

Check out the list of over 55 cryptocurrency exchange websites here.

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Is Coinbase Legit Or a Scam?


Looking for a secure online site to store, buy, sell and transfer digital currency?

Look no further as it is evident that Coinbase provides the best platform for the exchange of currency compared to other rival sites.

The site is simple to navigate this is of great importance to brokers who are looking for value for their money.

The site offers broker exchange of Bitcoin Cash, Ethereum, Litecoin as well as digital assets with fiat currencies.

Is Coinbase a Scam?

 

Is Coinbase Really Worth It?


What do you think of my Coinbase Review? Can you now make money with Coinbase?

Or, Is Coinbase a Scam?

If you are one of the people who love their digital assets unique and assorted, then Coinbase is the place for you.

It is just the best place to save your asset crypto coins that is if you do not have your own hardware wallet.

They have been around for a long time and the name “COINBASE” is well respected in the crypto world.

coinbase bitcoin priceThe big question is this, can you make good money with Coinbase? What do you think?

You must know that Coinbase is an exchange with a lot of risks involve i.e. the risk of losing your money is very high most especially if you greedy.

The question of how much money you can make with Coinbase depends on your action and inaction.

If you decide to move now and take a step you have a lot of ways you can start earning money online.

Moreover, it is on this site that you will get cheap crypto as well as reliable currency exchange.

So why don’t you try the site and get the rewards that come with it?

For me, I am a blogger, the most secure business model you can think of is blogging.

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9 thoughts on “Is CoinBase Safe? Can You Really Make Money?”

  1. The legitimacy of cryptocurrency companies nowadays is something we need to be very careful before trusting our hard-earned money. But with Coinbase, you can be assured that this company is “Legitimate” because they are among the “Top exchange” worldwide together with Bitrex, Binance, etc….etc… The only problem with Coinbase is that they are soooo “Buggy” unless they should fix the problem first and foremost. Nonetheless, Coinbase is still better when it comes to security, I think in the future Coinbase is one of the companies who will kill PayPal, just saying.

    Reply
  2. The legitimacy of coinbase and other crypto currencies is definitely something to ponder about before investing your hard-earned money in it. I have invested in IQ option and other similar sites and they all seem a total rip off to me.

    Reply
    • Dear Rosiee,

      Thanks for reading my article on why Coinbase is not a scam. This Coinbase Review is to answer that question you always see online i.e. Is Coinbase a Scam? The answer is No. It is not a scam.

      There are many other questions about Coinbase online, they are listed below:

      Can I trust Coinbase?
      Is Coinbase legal and legit?
      What type of wallet does Coinbase use?
      How long does it take for Coinbase to buy bitcoins?
      Is Coinbase vault safe for me?
      Do I need to be 18 to use Coinbase?
      Can Coinbase freeze my account?
      What is the best alternative to Coinbase? and,
      Why does Coinbase requesting for my ID card?

      There are many questions that must be answered.

      I will soon be providing such an answer to support this article. I hope you will visit my site again?

      thank you.

      John

      Reply
  3. It’s very clear to me that Coinbase is legit because I know by experience that scammy website do not stay around for so long, and this website has been there since 2011, plus the founders are not anonymous, I think we have to be very careful with online brokers website and be aware of the risk.

    It’s good to do a lot of research about it before we start so we don’t get disappointed, you mention Blogging about Cryptocurrencies as a better way to make money, could you explain more Please

    Reply
    • Dear Aouatef,

      Thanks for reading my review about Coinbase Exchange. Yes, Coinbase is a legitimate exchange and it is not a scam website. I can assure you that your bitcoin and crypto coins are safe with CoinBase.

      What Coinbase may not be in control of is you. How you trade your cryptocurrencies. Crypto coins trading is a risky business. I always say this that you can lose all your money within an hour.

      This is why I am against making money online trading crypto coins.

      If you really love bitcoin and crypto coins you can make money becoming a blogger. It is a big industry and you can start writing about cryptocurrencies.

      The good news is that you can learn the art of blogging online. My #1 recommendation is Wealthy Affiliate, I knew nothing about blogging when I started this website. But see what I have learned?

      You also can start a blog about cryptocurrencies and educating your region, country, and the world on and about bitcoin and crypto coins.

      You can start learning at no cost; the level one with ten lessons is FREE. No credit card is needed to join. Please check it out.

      Regards

      John

      Reply
  4. Dear John,

    This is a rather interesting article, very insightful.

    Can you also recommend another site where I can easily by bitcoin?

    You also have great website.

    Regards

    Adrian

    Regards

    Reply
    • Dear Adrian,

      Thanks for reading my Coinbase (coinbase.com) Review. I am sure you want to know if you can really make money with Coinbase. Making money trading bitcoin is risky; but you can easily make a lot of money.

      Making margin with trading altcoins can earn you a lot.

      You can also buy and sell bitcoin in any region or country on Local Bitcoins. It is one of the best website ever.

      Thanks for visiting my website again.

      Really appreciates.

      John

      Reply
  5. Thank you for your review. On the internet, it is often very difficult to distinguish between legit and scam sites when it comes to cryptocurrencies. As you describe it, anyone can make some money here provided they are willing to invest time and effort. I guess it’s like with everything else in life, you reap what you sow.

    Reply

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