What Is Coinbase? | How To Use Coinbase Account
Coinbase is an American based company that runs a Cryptocurrency Exchange Platform. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021 was the largest cryptocurrency exchange in the United States by trading volume.
On April 14, 2021, Coinbase went public on the Nasdaq exchange via a direct listing. Today, Coinbase operates in more than 100 countries and can be divided into four primary lines of business:
Coinbase
Coinbase Pro
Coinbase Custody
Coinbase Wallet
WHAT IS COINBASE?
Coinbase is one of the oldest and safest cryptocurrency exchanges by making its name since 2012.Coinbase lets you trade, buy and sell all sorts of cryptocurrencies, like bitcoin, Ethereum, Litecoin and about 50 others. Coinbase also lets you to convert one cryptocurrency to another, or to send and receive cryptocurrency to and from other people. Coinbase provides you with the current price and trends for cryptocurrencies, a look at your portfolio of holdings, and news stories about the industry, just like any other stock trading app. It’s the ideal crypto.
Also Read: How To Fix Coinbase Major Issues
WHY COINBASE?
Coinbase is trusted by over 73million users across the globe in more than 100 countries with 255 billion dollars in assets on platform. Coinbase is a basic and uncomplicated crypto exchange with a user-friendly interface allows easy transactions even to the beginners. While beginners prefer the original platform, for the advance users the company runs a separate platform known as Coinbase Pro which gives access to additional features.
Coinbase offers a reasonably quick verification with a simple process. Similar to an online brokerage account users are required to submit their personal details along with their govt id and social security number. With these documents available at hand the verification is done under 10 minutes The account management is also simple.
Coinbase uses industry leading safety system which keeps all the assets and transactions secured. All the users are thoroughly verified which reduces the risk of fake traders and helps with the smooth trading experience.
HOW TO USE COINBASE ACCOUNT
CryptoCurrency is one of the most trending ways to make money in today’s time, doesn’t matter if you are an investor or a trader. Crypto currency exchanges are the best way to get the piece of that pie. Coinbase Crypto Exchange is one of the best and oldest crypto exchange available. The veteran crypto exchange is an ideal platform for a beginner to excel as well as for any experienced investor and trader.
Also Read: What Is A Cryptocurrency Exchange?
HOW TO START?
To start trading users are required to open a trading account on Coinbase App/Website. Coinbase offers an easy and uncomplicated verification similar to any online stock trading app. You can either create an account directly from the Coinbase website or sign up through a referral link. Users are required to verify themselves through government documents. Once you have all the required documents the verification just takes around 5 minutes.
Once the account is created, users can then link your bank account, debit card to transfer funds.
MODES OF PAYMENTS SUPPORTED
Coinbase Exchange is the leading crypto currency exchange in more than 170 countries, allowing users to make payments in different fiat currencies like USD, Canadian dollars, euros, sterling. Coinbase also allows users to trade crypto currency for other crypto currencies. Coinbase allows customers to start investing with a smallest of amount of $2 to a daily limit of $50000. Customers can make payment through their bank account, debit card, wire transmission, PayPal, google pay and apple pay, depending upon the size of investment.
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