Coinbase is one of the best cryptocurrency exchanges in Canada. With Coinbase, you'll get access to a wide variety of cryptocurrencies, no fee deposits when you use Interac e-Transfers, and trader discounts when you exchange more than $10K per month.
The only real downside to Coinbase are the maker/taker fees you'll pay if you're not an active trader as their fees are a little high when compared to others.
Coinbase features
Here is what Coinbase has to offer.
Why You Want It
Trade over 200 cryptocurrencies + Includes offers staking
Special Features
- Trade over 200 cryptocurrencies
- Offers Staking available
- Fee discount for high-volume traders
- Free educational resources
Provinces
ALL
Features
Estimated # Of Supported Cryptocurrencies
200
Supports Bitcoin?
Supports Ethereum?
Supports Litecoin?
Supports XRP?
Estimated # Of Supported Fiat Currencies
240
Supports CAD?
Supports USD?
Standard Maker Fee
0.4%
Standard Taker Fee
0.6%
Active Trader Discounts Available?
Interac E-Transfer Deposit Fee
0%
Wire Transfer Deposit Fee
1%
Available On Desktop?
Available On IOS?
Available On Android?
Offers Staking
Coinbase product rating: 5.0 stars
Coinbase has a lot going for it. You can trade a wide variety of different crypto currencies, with all the usual suspects like Ethereum and Bitcoin available. There is no fee for an Interac e-Transfer deposit, and you'll get a discount on maker/taker fees if you're a large volume. Its only shortcoming are the maker/taker fees, which are a little higher than others.
Rating methodology
To get our rankings, we compare the major features of cryptocurrency exchanges. Each feature then gets a score out of 5, based on how it compares to other cryptocurrency exchanges. Once every feature has been rated, we run them through our algorithm, which produces an overall rating out of 5.
Learn more about our rating methodology.
The pros of Coinbase
Here's what Coinbase has to offer.
Pros
Plenty of cryptocurrencies to trade
With over 200 cryptocurrencies to trade from, there’s bound to be something that you want. The platform includes both popular and less popular options.
Offers staking available
If a currency you have includes offers staking (Ethereum, for example), you can opt in through Coinbase. This is something that not all cryptocurrency exchanges offer.
Fee discount for high-volume traders
If you do large volume trading (we're talking $10,000 or more per month), you'll qualify for a discounted maker/taker fee.
No fee Interac e-Transfers
You can fund your account for no fee if you send an Interac e-Transfer. If you decide to use a wire transfer, you'll pay a flat fee of $10.
Free educational resources
If you're new to cryptocurrencies, Coinbase offers a wealth of educational resources, which include articles, videos, and tutorials, to help understand cryptocurrencies.
The cons of Coinbase
There is one point to consider with Coinbase.
Cons
High maker/taker fees
The maker/taker fees you'll pay while trading cryptocurrencies are a little higher here than on other platforms. If you frequently trade currencies (and trade less than 10K per month), you may pay more with Coinbase.
Coinbase alternatives
Here are some other cryptocurrency exchanges you can take a look at.
 |  |  |  | |
|---|---|---|---|---|
| Account | Coinbase | Wealthsimple Crypto | Kraken | VirgoCX |
| Genius Rating | ||||
| Why You Want It | Trade over 200 cryptocurrencies + Includes offers staking | Get $50 when you fund your account with $500 + Commission-free trades. |  $75 GeniusCash + Invest and trade in more than 350 cryptocurrencies + Low trading fees. | Invest in cryptocurrencies with no trader or maker fees. |
| Estimated # Of Supported Cryptocurrencies | 200 | 100+ | 329 | 90 |
| Supports Bitcoin? | | | | |
| Supports Ethereum? | | | | |
| Supports Litecoin? | | | | |
| Supports XRP? | | | | |
Show More | ||||
| Open an account See more Coinbase products Compare | Open an account See more Wealthsimple products Compare | I Want This Deal See more Kraken products Compare | Learn More See more VirgoCX products Compare |
FAQ
What is Coinbase?
Coinbase is a cryptocurrency exchange, where you can buy and sell over 200 cryptocurrencies.
What are the fees for using Coinbase?
Coinbase charges a maker fee of 0.4% and a taker fee of 0.6%.
How many cryptocurrencies can be traded on Coinbase?
Coinbase allows members to trade over 200 cryptocurrencies.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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