Compare crypto exchanges: This is what matters
When comparing crypto exchanges across Switzerland or even internationally, you should pay attention to more than just the fees. In our opinion, the following aspects are particularly important and we have incorporated them directly into the Coinbase review:
- Coinbase SecurityThe security of a crypto exchange is essential. In the past, there have been hacker attacks, just like with banks. Anyone who invests large amounts in crypto should therefore definitely rely on an exchange with high security standards. Here Coinbase relies on AES-256 encryption and states that 98% of customer deposits are secured on offline storage. (Cryptocurrency storage is referred to as a wallet). These offline wallets are not attached to the internet and are therefore virtually inaccessible to hackers.
- Fees: Fees are an important aspect as with any investment. In the crypto space, there are a few types of fees to consider, so we have detailed the Coinbase fees further down in the post.
- Tradable cryptocurrenciesIt is not uncommon to hear about a new exciting innovation in the crypto space and want to put some money into it. Bitcoin and Ethereum are currently the largest currencies by market capitalization. But there are over 12,000 other cryptocurrencies, which are often difficult to access. Coinbase lists over 12,000 currencies for reference (price and other info) and offers trades of over 125 currencies in the normal Coinbase variant. (There is also Coinbase Pro for professional crypto trading).
- ComplexityThe world of cryptocurrencies can be very complex. The same is true when buying/selling certain cryptocurrencies. Relai offers very easy access to Bitcoinbut only to Bitcoin. Some currencies are very complex, requiring a dedicated wallet. Coinbase offers a simple, uncluttered platform that we think is a perfect blend of necessary details (complexity) and yet simple presentation.
- KnowledgeCryptocurrencies and their applications are not always easy. We really appreciate it when there is a large knowledge area on platforms. Coinbase is very innovative here and even offers the Coinbase learn and earn section: Here you can watch short learning videos about new cryptocurrencies. If you want, you can answer a few questions about them afterwards and you will get Coins given as a reward! We have so already Receive cryptocurrencies worth more than CHF 100.
Hey everyone. I have the following problem: I would like to transfer money to my Coinbase account via SEPA transfer.
"Payments via SEPA bank transfer are also free of charge and only take around 1-2 working days."
However, Coinbase tells me that a SEPA transfer to a Swiss Coinbase account is not possible. How do you do that? Credit card is too expensive. Does anyone know about debit cards?
Hello
I received two transactions on my Coinbase wallet on 24 December. I then received a message that my wallet was temporarily blocked because I had exceeded the "withdrawal and deposit limit". They will stop all services for my account if I do not pay the fee for the access key (CHF 10500), provide a valid ID and withdraw my funds by 28 December.
Has anyone experienced this? I can't contact anyone and I can't afford the additional fee because my money is blocked in my wallet.
I was told in the same email that I can access the Coinbase wallet or the Coinbase wallet app, but not the money until after the fee has been paid.
What happens now? Can I pay the fee later because I don't want to liquidate my wallet? Where do I have to pay this fee - directly to my wallet?
Can anyone help me?
Hello Claudia
Such emails are very critical, it sounds a lot like a phishing email (scam).
So be careful, you should never click on the links there, but only ever log in directly to the platform.
coinbase @ helpdesk.community Who is this the
Unfortunately, I can't make any statements about individual emails - sorry, but I'm sure you understand that!
It is important: Never click on links in emails from banks / crypto exchanges etc. but always log in directly via the browser.
Good day, I have a problem, I would be very grateful if you could contact me, it is about Coinbase and a large amount of money. I would be very grateful if I could hear from you.
Mfg M.v.A
Hello Markus,
Unfortunately, I cannot offer 1:1 crypto help, but there are experts for this. Ask the House of Satoshi in Zurich, for example.