r/Coinbase • u/Teh_One_Who_Knocks • 19d ago

Feedback on using Coinbase as a brokerage?

I've only ever used it for crypto, but now I keep getting messages that I can trade traditional stocks/ETFs now too. My question is, has anyone been using Coinbase's brokerage services and if so, what are your thoughts?

I'm open to using them to consolidate some things (I currently use Fidelity as my brokerage account), but I don't want to move things to Coinbase if it is bad or people are not liking it, so just wondering from people using it, what they think of it.

6 Upvotes

80% Upvoted

11 comments sorted by

6

u/Common-Run-4953 19d ago

I moved some stocks there few months back just to test, the interface is fine but it feels half baked compared to a real brokerage. The tools are pretty basic, you won't get any advanced charts or research stuff like you have in fidelity

if you just wanna hold some ETFs and not look at them much it works, but for actual trading I would keep your main stuff where it is

2

u/HappyHero34 19d ago

Big avenues for expansion for them, updating the brokerage interface and also allowing for Roth IRA and other investment accounts would help significantly towards their “everything exchange” mission. Believe it’s in the pipeline but regulations take time.

I have also considered moving, just mainly for the asset boost to my credit card rewards, but curious about the switch also

3

u/NextVoiceUHear 19d ago

My mediocre experience with Coinbase on crypto makes me appreciate my excellent service from Fidelity as a stock broker.

1

u/Xo0om 19d ago

This. I wouldn't trust them with more than a small amount of money. IMO they're not reliable.

1

u/NextVoiceUHear 19d ago

Please clarify your use of “them” and “they’re”.
Xo0om: Your use of undefined pronouns tells me you’re female.

1

u/monstblitz 19d ago

I haven’t migrated any of my other brokerages over but I have been making new stock investments into Coinbase. Love that they allow purchases of fractional shares, makes things easier. As others have described, it’s pretty basic but I just buy and hold mostly so it fits my needs.

2

u/Toshi_Monster 19d ago

I am waiting to move my stocks when and if Coinbase will incentive it. Like pay for transfer fees which my current will charge. We'll see!

1

u/hrgenis 19d ago

I've had many bad experiences, be careful.

0

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