Is Coinbase Exchange available in Taiwan? How secure is it? Is it a scam platform? What's the difference between Coinbase and Coinbase Pro?
This article explores Coinbase's trading volume, global ranking, security evaluation, fees, supported countries, key features, and detailed pros/cons analysis.
Table of Contents
- 1. Coinbase Exchange Overview
- 2. Company Background & Supported Countries
- 3. Global Ranking & Market Share
- 4. Security Evaluation: Is Your Funds Safe?
- 5. Coinbase vs. Coinbase Exchange: Fee Comparison
- 6. Can Taiwanese Users Access Coinbase?
- 7. Quick Summary: Pros & Cons
| Key Metrics | Details |
|------------|---------|
| Founded: May 2012 | Company: Coinbase | Languages: English/Chinese |
| Cryptocurrencies: 18+ | Website: www.coinbase.com |
1. Coinbase Exchange Overview
Coinbase ("Bitcoin Base") is a U.S.-based cryptocurrency exchange founded in 2012 and headquartered in San Francisco. As the largest U.S.-licensed crypto platform, it offers trading, storage, and investment services. It also co-issued the stablecoin USDC with Circle.
Mission: Provide a secure, compliant gateway for retail and institutional investors into crypto markets. Operates in 100+ countries, primarily North America and Europe.
Current Status: Ranked #2 in spot trading volume on CoinMarketCap, trailing only Binance.
👉 Explore Coinbase’s advanced trading features
2. Company Background & Supported Countries
Is Coinbase Legitimate?
- Publicly Listed: Traded as COIN on NASDAQ (since April 2021).
- Regulated: Complies with U.S. SEC regulations and holds a BitLicense.
Supported Regions
- North America: U.S., Canada
- Europe: U.K., Germany, France, etc.
- Asia: Singapore, Japan (Taiwan access reinstated in 2024)
Note: Beware of scams impersonating Coinbase. Verify official channels!
3. Global Ranking & Market Share
- Trading Volume: $1.12B daily (June 2023), ranked #2 globally.
- Market Share: ~9% (vs. Binance’s 50+%).
- Limitation: Conservative asset additions due to compliance.
4. Security Evaluation
Safeguards
- Cold Storage: 98% funds offline.
- Insurance: Coverage for custodial assets.
- Past Incidents: Compensated users after a 2FA breach (2021).
Custody Services
- NYDFS-regulated, with 0.5% custody fee.
- Zero losses since inception.
5. Coinbase vs. Coinbase Exchange
| Feature | Coinbase (U.S.) | Coinbase Exchange (Global) |
|---------|----------------|----------------------------|
| Audience | Retail users | Professional traders |
| Fees | Higher (3.99% card) | Lower (0.00%–0.60%) |
| Cryptos | 18 | 234 |
Why High Fees? Strict U.S. compliance costs.
6. Taiwanese User Access
Reopened in 2024 with services:
- Earn Rewards: Learn-and-earn crypto.
- Staking: USDC rewards.
- Trading: Spot markets (convert USDC to TWD via local exchanges).
7. Pros & Cons
| ✅ Pros | ❌ Cons |
|------------|------------|
| High security & compliance | High fees |
| Institutional-grade tools | Limited derivatives |
Final Verdict
Best for: Long-term crypto storage and compliant trading. Diversify with 👉 Binance for lower fees.
Risk Disclosure: Not financial advice. Conduct independent research.
FAQ
Q1: Is Coinbase safe for beginners?
A: Yes, but high fees may deter active traders.
Q2: Can I use Coinbase in Taiwan?
A: Yes, via Coinbase Exchange (since 2024).
Q3: How to reduce fees?
A: Use Coinbase Exchange or transfer to lower-fee platforms.