Coinbase is the largest crypto trading and exchange platform founded by Fred Ehrsam and Brian Armstrong in 2012 in San Francisco. . It is also one of the world’s top crypto exchanges in terms of traffic, liquidity, and trading volumes. Aside from that, the exchange seeks to use cryptocurrencies to establish a more fair, trustworthy, transparent, and effective financial system. Furthermore, the exchange has high fees yet makes purchasing crypto assets simple. Coinbase allows you to buy cryptocurrency with a credit card, bank transfer, PayPal, and other methods.
Trading on Coinbase:
Coinbase offers 56 cryptocurrencies to trade, which is more than any other platform. It encourages people to learn about cryptocurrency. It offers free lessons on cryptocurrencies and trading methods. Here you can rapidly buy and trade a range of crypto assets. It’s a user-friendly platform with a simple user interface, and you can deposit money from the bank all at once.
To begin trading, register yourself, complete the identity verification step, and start trading. Users of Coinbase can trade on one of two platforms: the original Coinbase, which permits users to buy cryptocurrencies with US dollars, and Coinbase Pro. Coinbase Pro comes with additional features like crypto-to-crypto transactions, advanced data charting, and more.
Coinbase offers independent wallets for storing and managing your funds. These wallets are completely secure and simple to use. You can also send and receive money immediately through your wallet by just entering the usernames of your peers.
Coinbase Mobile App:
Coinbase mobile app is available for both Apple and Android users. This mobile app contains almost all the features available on the desktop site. Download coinbase mobile app from Coinbase app-Playstore or Coinbase app-App store.
Is Coinbase safe to trade?
In the financial industry, Coinbase effectively sets security protocols. The fact that Coinbase is one of the few exchanges that offer FDIC protection speaks for itself.
In addition, the exchange is quite open about where its users’ money is kept. Coinbase claims to keep 95% of its users’ money in cold storage hardware wallets. The remaining funds have already been insured. It means that the funds will be reimbursed to the users who purchased the insurance in the case of any breach. In terms of other security features, Coinbase offers 2-factor authentication as well as thorough user identification. You’ll have complete control over the money in your offline wallet.
It’s impossible to explain the actual Coinbase fee structure because it fluctuates according to your country and transaction type. Furthermore, Coinbase is well-known for its high fees. On average, deposit fee charges of Coinbase range from 1.49% to 3.99%, depending on the payment method.
- High liquidity
- Access to 56 cryptocurrencies
- Insured funds
- High fee charges
Bryan Lester a crypto blog author. He has been investing in Bitcoin since 2022, and have made a lot of money from it. His favorite things are reading books about the future, talking to people who want to know more about cryptocurrency, and just being around family.