What is Coinbase and how much does it cost to use?
Coinbase is a simple and secure online bitcoin wallet for buying, selling, sending, receiving, and storing bitcoin. Coinbase is different from other bitcoin services and wallets in several ways:
Sending or receiving bitcoin between online wallets, friends, or merchants on Coinbase is free!*
Just a 1% fee for each transfer from bitcoin to your local currency ($, €, £) or from your local currency to bitcoin.**
We make buying and selling bitcoin easy.
We handle security and backups so you don't have to worry!
We are a "one stop shop" - we offer a wallet, an exchange, and merchant tools with one simple interface.
Coinbase is a platform on which many bitcoin applications are being built using our API.
* User is responsible for miner's fee on external transactions less than 0.0001 BTC. Sending between Coinbase users is always free.
** Currently GBP transfers can only be processed via wire. Incoming wire fee is 5 $,€ or £. Withdrawal fee is 30 $,€ or £. For Canadian users, there is a $1 fee on all CAD deposits and withdrawals. A 3% convenience charge is assessed on purchases using credit and debit cards.
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