Learn more about Coinbase, one of the most popular crypto exchange platforms in the world. It makes it easy to buy, sell, and store cryptocurrencies like Bitcoin, Ethereum, and more
Founded | 2012 |
Headquarters | USA |
Website | https://www.coinbase.com/ |
Daily volume trading | $2.51 billion |
Number of cryptocurrencies | 56 |
Crypto licences | Australia, Bermuda, Bulgaria, Canada, Denmark, Germany, Ireland, Italy, Japan, Netherlands, Singapore, United States |
Cryptocurrency Fees | 2.99% - 4.99% |
Minimum deposit | $2.00 |
Digital Wallet | Yes |
Promotion | - |
Currency | Cryptocurrency and Fiat |
Deposit Method | Credit Card, Bank Transfer |
Founded in 2012, Coinbase is one of the best cryptocurrency exchanges in the world. Based in the United States, Coinbase is fully regulated and a market leader in the crypto exchange and digital assets space.
With a smooth trading interface and a variety of well-integrated mobile apps, Coinbase overall has a very pleasant user experience.
The first exchange to launch on the stock exchange as of April 2021, Coinbase holds over $90 billion worth of assets. Funds are insured and kept offline in cold storage for maximum security.
It also provides trading access for over 50 cryptocurrencies including major coins such as Bitcoin, Ethereum, XRP and others.
Coinbase is a secure platform available both online and as an app for buying, selling, transferring and storing digital currencies. Coinbase app reviews often mention the clean interface and ease of use. It provides access to crypto such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), and 50+ others.
Launched in 2012, it is one of the oldest crypto exchanges in the space and has grown rapidly in the last decade. Coinbase can be used to convert one cryptocurrency to another or to send and receive cryptocurrency. Traders can view price movement, trends, portfolio summaries, and related industry news.
More recently, Coinbase became the first crypto exchange platform to go public and list on the NASDAQ stock exchange with a total value of over $90 billion. Coinbase offers an affiliate program where users can recommend the exchange to others to earn rewards.
Coinbase has stated that its main aim is to expand worldwide access to various currencies by making buying and selling digital currency easy. Some of Coinbase’s benefits include:
Coinbase is one of the first and certainly one of the best when it comes to the cryptocurrency space. It has a smooth and intuitive platform making it seamless for those new to the world of crypto trading.
This simplicity comes at a high price however as the fees add up quickly, especially if you’re aiming to trade regularly.
For those with a bit more knowledge when it comes to trading, Coinbase Pro may be more suitable.
Coinbase is a trusted exchange, and for good reason. It’s one of the few crypto exchanges that hasn’t been hacked (yet). Their security is above industry standard, with many measures taken to ensure that user funds are protected.
All bitcoins stored in Coinbase online wallets are insured, and 98% of customer funds are kept in highly encrypted cold wallets.
The exchange hosts sensitive data on air-gapped servers, and stores wallets and private keys using standard and proven AES-256 encryption. There is also a longstanding bug bounty program that helps alert the security team to potential exploits. During the high-profile 2020 Twitter hack, Coinbase intervened to prevent customers from sending bitcoin to hackers in a proactive move.
Due to Coinbase’s popularity, users with Coinbase accounts can be high-profile targets. Coinbase users are at risk of fraud and theft, but security gaps almost always come from the user’s side. Coinbase is one of the more trustworthy exchanges, but users need to be careful.
0.004% of Coinbase users experienced account takeovers in 2020. The number seems low until you realize that Coinbase has 56 million customers. That’s 224,000 hacks in one year. The exchange does offer educational resources for users looking to improve their personal security and encourages users to implement two-factor authentication.
Getting started with Coinbase is straightforward. The platform requires extensive information, including your legal name, home address, date of birth, last four digits of your Social Security number/Government issued ID and how you plan to use Coinbase.
These ensure you can comply with federal regulations. Keep reading for a step-by-step guide to signing up for Coinbase.
This link provides a full breakdown of all supported cryptocurrencies on Coinbase and Coinbase Pro broken down by core countries also.
Founded in 2012, Coinbase is one of the first and leading cryptocurrency exchanges in the world. Based in the United States, Coinbase is fully regulated and is one of the market leaders in the crypto exchange space.
With a smooth trading interface and a variety of well-integrated mobile apps, Coinbase overall has a very pleasant user experience.
The first exchange to launch on the stock exchange as of April 2021, Coinbase holds over $90 billion worth of assets. Funds are insured and kept offline in cold storage for maximum security.
It also provides trading access for over 50 cryptocurrencies including major coins such as Bitcoin, Ethereum, XRP and others.
Coinbase is a secure platform available both online and as an app for buying, selling, transferring and storing digital currencies. Coinbase app reviews often mention the clean interface and ease of use. It provides access to crypto such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), and 50+ others.
Launched in 2012, it is one of the oldest crypto exchanges in the space and has grown rapidly in the last decade. Coinbase can be used to convert one cryptocurrency to another or to send and receive cryptocurrency. Traders can view price movement, trends, portfolio summaries, and related industry news.
More recently, Coinbase became the first crypto exchange platform to go public and list on the NASDAQ stock exchange with a total value of over $90 billion. Coinbase offers an affiliate program where users can recommend the exchange to others to earn rewards.
Coinbase has stated that its main aim is to expand worldwide access to various currencies by making buying and selling digital currency easy. Some of Coinbase’s benefits include:
Coinbase is one of the first and certainly one of the best when it comes to the cryptocurrency space. It has a smooth and intuitive platform making it seamless for those new to the world of crypto trading.
This simplicity comes at a high price however as the fees add up quickly, especially if you’re aiming to trade regularly.
For those with a bit more knowledge when it comes to trading, Coinbase Pro may be more suitable.
Coinbase provides support for a variety of currencies, but this is largely dependent on location. As mentioned above, the ability to buy, sell, deposit and withdraw certain cryptocurrencies is dependent on the cryptocurrency, the user’s location and the payment method available.
Although there is no 100% guarantee of safety when using any online exchange, Coinbase does pride itself in its extensive security profile. Skeptics will be happy to know that the exchange also ensures online holdings.
Coinbase has obtained a VASP (Virtual Asset Service Provider) registration status in the following countries
To withdraw your funds, sign in to your Coinbase account or open the Coinbase app on your mobile phone. To withdraw money, you need to:
Coinbase wallets are able to send or receive supported cryptocurrencies. These features are available both via the web and mobile app.
To send crypto on the web app,
Receiving crypto
Coinbase covers assets that makeup around 90% of the total crypto market, however, Coinbase is constantly evaluating new cryptocurrencies they believe to be secure and beneficial to their customer base.
Once in your Coinbase account, click the “Accounts” tab then select the cryptocurrencies you want to transfer.
Click on the “Send” button, when prompted to enter the “Recipient Address” paste the Binance wallet address of the associated cryptocurrency you want to send.
Coinbase withdrawal fees can be quite high especially if users withdraw cryptocurrency to external wallets. Coinbase charges users a fee based on the estimated network transaction fee.
The high fees can be somewhat avoided however as Coinbase doesn’t charge for transferring cryptocurrency between Coinbase wallets.
Since Coinbase and Coinbase Pro (GDAX) are owned by the same company, any exchanges between both would be instant and free.
From Coinbase Pro, you can then send your cryptocurrencies to an external wallet outside the Coinbase platform without paying any network transfer fees.
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