How to buy Coinbase (COIN) stock

By:

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.

Updated: Jul 6, 2023

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A big part of learning how to buy Coinbase stocks is finding the best place to make your investment. Coinbase stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Coinbase when following our step by step guide.

Where to buy Coinbase stock?

The best stock trading platform to use to buy Coinbase stock is eToro .

Based on our research, we’ve ranked the top five brokers where you can buy Coinbase shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.

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Min. Deposit

$ 10

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10

Up to $240 bonus!

Deposit with ACA, Wire, Pay with my bank

Invest for dividends and get payout on stocks on Ex-Dividend day

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Payment Methods:

Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer

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CySEC, FCA

77% of retail CFD accounts lose money.

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How to buy stock in Coinbase in 3 simple steps

Buying Coinbase stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.

Step 1. Sign up to eToro

eToro is the best stock trading platform for beginners. Fill in your details to set up a brokerage account and attach a copy of your ID to verify it.

Most Popular

1

• Save

Min. Deposit

$ 10

Best offer

User Score

10

Up to $240 bonus!

Deposit with ACA, Wire, Pay with my bank

Invest for dividends and get payout on stocks on Ex-Dividend day

Start Trading more info

Payment Methods:

Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer

Full Regulations:

CySEC, FCA

77% of retail CFD accounts lose money.

Step 2. Make a deposit

Transfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.

Step 3. Buy Coinbase shares

Search for Coinbase using the ticker, COIN. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in Coinbase and complete your purchase.

It’s as easy as that! You can buy Coinbase shares in just 10-15 minutes and now you’re a Coinbase shareholder.

Compare the best platforms to buy Coinbase stock

1. eToro. Best for beginners, copy-trading & demo-account

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$10

Minimum deposit

Stocks

Platform type

Pros & Cons

Great for beginners, simple to set up and get started Zero commission stock trading Popular ‘CopyTrader’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.

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77% of retail CFD accounts lose money.

Fundamental analysis of Coinbase shares

What is Coinbase’s total worth?

Coinbase’s total net worth is $15.40 billion. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.

How has Coinbase’s share price performed in recent years?

The current Coinbase stock price today is $59.54, which is 86.18% below its all time high of $429.54, which it reached on April 14, 2021.

Overall, COIN is down 86.18% over the last five years. The COIN share price is down 77.05% in 2023 with a 52 week high of $368.9 and a 52 week low of $40.83.

What is Coinbase’s EPS?

Coinbase’s EPS is $2.76. EPS stands for earnings per share and is calculated by dividing Coinbase’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.

What is the Coinbase P/E ratio?

Coinbase’s P/E ratio is 21.3. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Coinbase’s earnings. 

It is calculated by dividing the share price by the earnings per share. You can use Coinbase’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.

What is Coinbase’s dividend yield?

Coinbase’s dividend yield is 0%. The dividend yield tells you how much of Coinbase’s share price it gives back to shareholders in dividend payments every year.

Is Coinbase stock a buy or sell?

The indicator below shows you live technical ratings for Coinbase stock on time frames from one minute to one month. 

It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.

This indicator should be used when you research Coinbase to help you decide whether to buy Coinbase shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.

Is Coinbase a good investment for me? 

The right answer is different for each person, so here is some information to help you decide whether to buy stocks in Coinbase.

• Coinbase is one of the largest crypto exchanges. The rising popularity of the crypto industry has resulted in hundreds of exchange platforms entering the space. The Coinbase exchange is regularly in the top ten largest and most used exchanges, along with the likes of Binance, Kraken, and KuCoin. It consistently processes over a billion dollars worth of crypto transactions per day. 
• Coinbase is one of the fastest-growing companies in the crypto industry. In 2014 Coinbase had 1 million users. Since then, the company has had a steady increase in its user base with more than 100 million people using its platform in 2022. Its verified user numbers started gaining traction and growing quickly from 2017 onwards, when Bitcoin became more well-known. 
• Over 80% of Coinbase’s revenue comes from user transactions. Coinbase is a crypto exchange, so there’s no surprise it makes a lot of its money from users buying and selling on its platform. 87% of the company’s total revenue is generated from transaction fees with the rest coming from smaller segments of its business such as subscription fees. Its heavy reliance on one main income stream should be considered before investing. 
• Its share price has lost a lot of value since its listing on the NASDAQ. Coinbase was listed on the NASDAQ index in April 2021. Its share price opened at $381 and, within a short period, was trading at over $400. However, following its first few days on the market, its price has been in a downward spiral and in May 2022, dropped below $100. 
• Buying Coinbase stock offers exposure to the wider crypto industry. The price of COIN is intrinsically linked to the price of Bitcoin and the crypto market in general. Buying Coinbase stock is an easy way to gain exposure to the cryptocurrency market without needing to analyse and buy individual coins. 
• The crypto market is volatile and prices can change quickly. As Coinbase is linked to the crypto market, its share price tends to move in tandem with the industry. Cryptocurrencies are notoriously volatile and it’s not uncommon for prices to drastically change in a matter of seconds, so it’s important to remember that COIN is likely to display volatile characteristics occasionally. 

It’s always a good idea to think about any potential risks there might be as well. Use this summary of Coinbase’s pros and cons before you make a final decision on whether to buy Coinbase stock.

Are there other ways to buy shares in Coinbase?

Yes, you can invest in Coinbase stock in a few different ways. One option is to buy stock in Coinbase directly through an investment platform as laid out above, while another popular choice is to invest in a fund. 

Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in a NASDAQ index fund to get exposure to Coinbase or choose a crypto ETF.

Another option is to use a social copy trading platform, like eToro . Find a trader who you like and copy their Coinbase trades directly to your own account. 

This can be a good investment strategy for beginners and a way to learn how to buy Coinbase shares from someone with more experience.

What are the fees for investing in Coinbase stock?

It depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy Coinbase stocks.

Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more. 

These are the trading platforms that charge the lowest fees for buying stocks in Coinbase.

How to sell Coinbase stock

When you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio. 

From there, find your Coinbase stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.

Should I buy Coinbase stock now?

It’s your investing goals and style that define whether now is a good time to buy. The current Coinbase stock price plays into it but ultimately it depends on your investment horizons.

• If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in Coinbase based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy COIN.

• If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think Coinbase’s fundamentals are solid then the best time to invest in Coinbase stock is after a dip or a pullback in price.

Most new traders sit somewhere between these two positions. You don’t want to actively trade Coinbase stock all hours of the day but you don’t want to wait years for a return either.

Either way, following COIN price news and analysis will help you decide when to dip your toe into the market.

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