Coinbase wallet review 2016

Coinbase Wallet Review 2016

Welcome to our Coinbase wallet review 2016. Coinbase Wallet is a secure online platform for buying, selling, transferring, and storing bitcoin. Their goal is to create an open financial system for the world. So transferring your btc to eur or your eur to bitcoin is not gonna get easier than this!

  • Coinbase makes buying and selling bitcoin easy.
  • Sending or receiving bitcoin between online wallets, friends, or merchants in your Coinbase wallet is free!*

  • Coinbase handles security and backups so you don’t have to worry!

  • Coinbase offers a wallet, and coinbase exchange, and merchant tools with one simple interface.

  • Coinbase is a platform on which many bitcoin applications are built using their coinbase API.

  • When you register you will get $10 for free!

Coinbase wallet review statistics

Is the Coinbase Wallet user-friendly?

Coinbase wallet review 2016Your Coinbase wallet comes in multiple languages: English, Spanish, French, German, Italian, Portuguese, bahasa (indonesia) and Dutch. Coinbase is supported in a total of 32 countries therefore you can use it almost anywhere in the world. Some examples of these countries are the US, UK, Germany, France, the Netherlands, Belgium, Cyprus, Malta and Spain.  Coinbase supports USD, EUR, GBP, CAD and BTC currencies for trading. For customers in the US, the USD wallet is available to states where Coinbase is licensed to engage in money transmission.

Coinbase can be used with your credit card, debit card or by using bank wire. Detailed instructions on Coinbase wallet are there for you to follow. To buy or sell bitcoin by bank wire, you need to link your account to a bank account from a bank. Another great feature of coinbase is that they have a Coinbase Wallet app that can be used on iOS and Android.

Is Coinbase trustable/reliable?

Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam. They are based in the US. On their website you will find a good privacy policy and they take your anonymity seriously. If you are interested you can find further information in their Legal & Policy section. That’s what this Coinbase wallet review is all about, information. After being a member for over 3 years, we never experienced any downtime. Therefore they know what they are doing.

Coinbase wallet review 2016 - security

Is Coinbase Secure?

The Coinbase Wallet attaches a lot of value to security, therefore it is great when it comes to your money. Also very important to tell is that 98% of the funds are stored offline. Another great part of the Coinbase security is the 2-factor authentication. This means that you have to use the SMS verification code, your password and your username.

Coinbase wallet is SSL encrypted, with HTTPS being the most advanced method of keeping the web safe. The wallets use AES-256 encryption this is a great addition to the already safe platform.Another important thing is that all the employees of get a background check before they can work for Coinbase Wallet. Conclusion, we find coinbase safe.

Is the Coinbase wallet user friendly?

When used for the first time it can be a little bit confusing. But, the website is very modern, simple and straightforward. After your first payment with Coinbase it will all become very clear, it’s not that difficult.

After the 2-factor authentication, it is required to add a valid phone number. After you register and set up your phone number you have to add a bank account.

Using the the mobile app from the beginning is especially relevant, the Coinbase Wallet App offers you comfort and flexibility.

Coinbase Support and Coinbase knowledgebase

After clicking on the “help” button on the Coinbase website you will arrive in the knowledgebase. Here you can will find a lot of details about several aspects of Coinbase.

Submitting a request is also another option, but there is no immediate feedback – we are hoping that Coinbase will introduce a live chat in the future.

Last but not least there is the community and  social media presence.
Coinbase wallet review support

Coinbase Wallet Review Afterword

Because of our Coinbase wallet review, you should have a good conclusion. Coinbase is reliable also has the proper licences and are therefore fully trustable. So don’t hesitate to have a look at their Legal & Privacy section.

Your coinbase Wallet is in safe hands to their 2-factor authentication, this makes them very safe. It is a great tool that prevents online hacks and other potential threats. The Design of Coinbase is pretty modern, since it has a great design.

Another great thing to mention is that with your first deposit you and the person that introduced you to the Coinbase wallet will get $10 for free after your first deposit of $100+. We hope you enjoyed our Coinbase Wallet Review, make sure to share this post to people that are interested!

 

Coinbase Wallet Signup:

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