All of us have some idea about cryptocurrencies and it is easy to select a crypto for investments, trading, transactions, and other purposes but the most highlighted question is from where should I buy the cryptocurrencies? Well, today we are going to answer this question after studying several options and so we believe that ‘Coinbase Exchange’ is one of the bests! Want to find out everything single detail about Coinbase Exchange then go ahead. Here is a list of what is about to come!
- What is Coinbase?
- What are the advantages of trading on Coinbase?
- Features of Coinbase
- Coinbase Wallet
- What coins are listed on Coinbase?
- What coins are going to be listed in the future?
- Coinbase stock listing
- Why go for Coinbase?
Let’s not make you wait any longer!
WHAT IS COINBASE?
Coinbase Exchange emerged in the world of cryptocurrency in 2012 while its founders Brian Armstrong and Fred Ehrsam have made it popular in such less time with their team. Initially, Coinbase was only offering Bitcoin to its customers but now it has almost 30 cryptocurrencies on its platform.
With Coinbase, even beginners in this market can easily trade digital currencies. Coinbase is licensed and comes under the government of the United States. It is a decentralized crypto exchange and offers security that is trusted by all making it serve 8.9 million clients across the world.
WHAT ARE THE ADVANTAGES OF TRADING ON COINBASE?
If we look into some of the major advantages that Coinbase offers its customers then the first one would be its high liquidity. Due to high liquidity people often choose it over others and Coinbase makes their investment quite safer. Moreover, the system of Coinbase is relatively easier and user-friendly than other exchanges enticing beginners in the cryptocurrency world.
On the other hand, Coinbase provides its users a chance to buy, sell, and trade approximately thirty various cryptos at a single place which is undoubtedly a good opportunity.
FEATURES OF COINBASE
User-friendly System:
The system has been designed to facilitate the users in every way. Coinbase website has easy access and tutorials to guide beginners. Even the trading is very facile and can be completed in a few clicks.
Updates of Crypto World:
The website of Coinbase shares various articles and blogs about the latest happenings in digital currencies. Whether it is the fluctuations in the prices or new updates in any system, everything is known by Coinbase clients.
Fees:
Well, the service fee of Coinbase is a little high but the users can manage it if they go for Coinbase Pro because the charges are less in it and more facilities are offered. Moreover, a very important thing is that Coinbase Exchange has a different fee for various countries and states of the US.
Coinbase Pro:
Coinbase has its upgraded version that is Coinbase Pro and it has benefits of its own. More than 47 Cryptocurrencies can be accessed and traded on Coinbase Pro. There are fewer risks in trading for Coinbase Pro users and losses aren’t very major due to the policies.
Fiat Money:
The most exceptional thing about Coinbase Exchange is that accepts fiat money. You can easily link it to any of your bank or Paypal accounts and you can buy any of the four cryptocurrencies. Coinbase allows USD, GBP, and EUR as fiat money. Moreover, the bank transfer, debit, and credit cards options also attract the clients.
Educate and Learn:
Coinbase gives its users an incredible chance to earn as well by learning the basics of cryptocurrencies and trading with the help of videos and lessons shared on the website. You can earn up to $115 worth of cryptocurrency just by learning, isn’t it a benefit for you at both ends!
Security:
If we compare the money kept in a bank account with that in Coinbase Exchange then it is observed that the money isn’t insured at Coinbase. However, the security of the assets is assured by the platform as it is kept in offline storage that does not allow hackers and other cyber threats.
COINBASE WALLET
Coinbase also offers its cryptocurrency wallet that can make your work hassle-free. Every Coinbase wallet owner can store and trade the coins without being tense about hackers as the funds are stored in blocks that are offline. Moreover, Bitcoin holders can also enjoy the facility of vaults. Bitcoins are safer in vaults and can only be accessed with passwords. Whereas, the charges of vaults can be divided as 5 users can keep their cryptos in a single vault.
WHAT COINS ARE LISTED ON COINBASE?
There are around 30 coins listed on Coinbase. Some of them are Ripples (XRP), Cosmos (ATOM), Bitcoin Cash (BCH), Bitcoin (BTC), Ethereum Classic (ETC), Ethereum (ETH), Golem (GNT), Kyber Network (KNC), Chainlink (LINK), Litecoin (LTC), and Aave (AAVE).
WHAT COINS ARE GOING TO BE LISTED IN THE FUTURE?
It can’t be claimed with complete surety but according to some buzzes, it is possible that Coinbase would add more coins for trading reaching up to 45 in number at the platform in the near future. However, if the users opt for Coinbase Pro then they can get access to almost 47 cryptocurrencies.
COINBASE STOCK LISTING
As per the report of Nasdaq, Coinbase has been expected to reach the market capitalization of $76 billion with a share count of 199.2 million. On the other hand, the market cap was recorded around $100 billion in 2021 and most of the trading that took place was of Bitcoin and Ethereum in April 2021. $COIN is also listed on Binance.
WHY GO FOR COINBASE EXCHANGE?
This is an excellent question as other crypto exchanges might be better than Coinbase, but did you know, Coinbase holds assets valuing approximately $20 billion and 56 million registered customers on its platform. It is estimated that Coinbase has traded coins of around $50 billion. We hope that these statistics would answer that millions of people trust and choose Coinbase over others and so can you!.
