Coinbase is one of the most well-known places in the world to buy and sell crypto. But we wanted to find out, is Coinbase actually one of the best choices for investors?
To find the best crypto exchange, we reviewed every popular Canadian exchange we could find. This test includes 15+ Canadian platforms across 60+ variables and 1050+ data points. Read on to see if Coinbase right for you.
Coinbase has 140+ coins, beginner and advanced trading, and industry-leading security but it comes with very high fees. The total fee to buy BTC was 4.54% (17th place) and the BTC spread was 3.07% (15th place). Overall, Coinbase is the most expensive platform for Canadians that we tested.
For its high fees, we don't recommend Coinbase for buying and trading crypto in Canada. There's many low-cost and safe alternatives for Canadians. However, Coinbase is good for things other than trading like the Coinbase Wallet and the Learn and Earn feature.