Lots of coins to choose from - for Bitcoiners, this is a con.It’s respect for your privacy is beyond atrocious and there are plenty of alternatives worth using. It scrutinizes Coinbase’s background, security record, services, user friendliness, accessibility, and costs.īut let me be very clear from the get-go: We do not recommend ANYONE use Coinbase. This review aims to present the most in-depth analysis of the Coinbase exchange. It also has some of the highest fees in the business. It has offered a reliable on-ramp for BTC since October 2012 and started adding altcoins in 2016.Ĭoinbase is secure, has a good record as a custodian, but falls short in the privacy department. Please be aware that we have never posted a disclaimer like this one to any of our exchange reviews, but Coinbase has simply gone too far and you should know about it before you go through any KYC with them.Ĭoinbase is one of the most popular Bitcoin and cryptocurrency exchanges. We recommend patronizing other exchanges that respect your prviacy to the extent that they can, such as Kraken or Coinmama. However, it is our opinion that Coinbase does not care about you, your privacy, or anything else except for whoever will pay them the most money.

In this review, we have done our best to remain objective, give Coinbase the benefit of the doubt, and admit the good points. And now we even know that they have sold this data to the Secret Service. We feel so strongly about this that we refuse to earn any affiliate money from referring customers to their platform (and many positive reviews you read about Coinbase are financially motivated).Ĭonsider this a public service announcement: Coinbase has already acquired a chain analysis company (founded by members of a hacking organization that sold spyware to tyranical dictators) and is now using that chain analysis company to help the DEA and the IRS identify Bitcoin users. Dear Reader: Before you get too far, we want to save you some time: we absolutely do not recommend that you give Coinbase ANY of your business.

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