Good selection of top cryptocurrency assets
Founded in 2012, Coinbase is one of the largest and most widely trusted cryptocurrency exchanges that allows the smooth transaction of digital assets. Created by Brain Armstrong and Fred Ehrsam, Coinbase provides a user-friendly platform that allows anyone to buy, sell, and trade cryptocurrencies. Coinbase has over 13 million active users and has processed more than $50 billion worth of digital currency transactions to date.
Coinbase has been rated as one of the best platforms for newcomers. Here are some of the features that are offered:
*Some cryptocurrencies are unavailable based on your location.
Coinbase supports the following payment methods:
Coinbase is accepted in more than 100 countries across the globe.
Coinbase may charge fees when you buy, sell, or convert cryptocurrencies. Fees are calculated at the time you place your order and may be determined by a combination of factors including the selected payment method, the size of the order, and market conditions such as volatility and liquidity. The applicable fees will be listed in the trade preview screen which will be surfaced before you submit your transaction, and may differ for similar transactions.
Additionally, Coinbase includes a spread in the price when you buy or sell cryptocurrencies or in the exchange rate when you convert cryptocurrencies. This allows us to temporarily lock in a price for trade execution while you review the transaction details prior to submitting your transaction.
“It's probably one of the easiest ways to buy and trade crypto, earn crypto, and let your company start accepting cryptocurrency. We've tried other ones and it's not as easy as Coinbase.” Reference
“Not only is Coinbase widely recognized as the world’s largest bitcoin exchange, it’s also considered one of the safest. It’s backed by trusted traders and uses the latest technology to secure its platform.” Reference
“Many people in the community complain that Coinbase isn’t really very support oriented and that many times issues aren’t explained to the customer.” Reference
Coinbase prides itself on being one of the few exchanges to operate in New York and hold a BitLicense. Coinbase employs a multi-layer security process that mitigates theft from its users and any malicious transfer of funds. The company stores almost 99% of its digital assets in offline cold storage that is distributed across different parts of the world. All digital assets and fiat deposits stored in its accounts are insured, and the insurance policy covers any loss of funds through fraudulent activity. Stringent security measures are provided for the users to safeguard their accounts from bad actors.
Coinbase provides a cryptocurrency brokerage service that allows traders to buy, sell, and store digital assets. Coinbase Wallet allows users to store their private keys on their devices and not with any centralized exchange.
The domestic transfer or ACH process takes approximately 1-2 business days to complete after a sell or withdrawal option is initiated.
Coinbase Pro is a cryptocurrency trading platform that is intended for advanced traders.
Although Coinbase has an excellent track record for security, it is always recommended to not leave large sums of money or cryptocurrency on an exchange. The majority of one’s crypto holdings may be better stored offline in cold storage or with a trusted custodial service.
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