Coinbase

by Coinbase Global, Inc.

Convenient platform with the possibility of buying and cryptocurrency. The platform provides a simple coin exchange mechanism and supports popular methods of payment.

Coinbase description

Coinbase Exchange is a convenient platform with the possibility of buying and cryptocurrency. It is a stockbroker, launched in 2012 in San Francisco, California USA. The platform provides a simple coin exchange mechanism and supports popular methods of payment such as bank cards, transactions, and even PayPal.

It is not possible to trade cryptocurrency on the platform. It is focused on helping to convert fiat currency into cryptocurrency. The exchange services are offered by another service of the company – Coinbase PRO. The CE is a classic centralized digital asset exchange. Users have access to traditional techRussia, Ukraine, and Belarus are not included in the list of the broker's partner countries. Users from countries that are not included in the list of partners of the platform can not pass verification and buy cryptocurrency using the service. They have access to the platform's internal wallet and the right to send and receive coins to the storage address. The core of the project is a trade platform. The exchange is characterized by a strict ranking of access to tools, depending on the region of users. The rules also apply to trading pairs. Up-to-date information on them can be found in the corresponding section of the platform. An important product that distinguishes Coinbase from many popular digital asset exchanges is its own debit card. The plastic was issued in cooperation with the Visa international payment system. With the help of the card, users of the exchange can pay with cryptocurrency from their account. The exchange has a low commission rate, so there is no commission when transferring between wallets within the system. Thanks to the high speed of operations, transfers are made as quickly as possible. You can instantly exchange fiat funds for digital coins.

The platform is focused on working in an international format. To this end, the platform has been translated into several foreign languages. As of June 2021, 69 cryptocurrencies are traded on the exchange, the most active trading pair is BTC/USD. 98% of customer funds are stored offline. Offline storage provides an important measure of protection against theft or loss. Bitcoins are distributed in safe deposit boxes and individual safe deposit boxes around the world. The cryptocurrency stored on the servers is covered by insurance. The CE supports the eponymous wallet.

Coinbase specifics:

  • A vast ecosystem of proprietary products.
  • Own VISA card.
  • It’s own cryptocurrency is the USDC stablecoin.
  • A training platform with the ability to earn cryptocurrency from scratch.
  • The ability to buy and sell popular digital currencies by tracking them in one place.
  • Investing in cryptocurrency is slow, planning purchases daily, weekly, or monthly.

Interesting facts

  1. The Coinbase team claims that it has served about 30 million customers since 2012, and has sold more than $150 billion worth of currencies during its existence.
  2. The combination of actions of Coinbase allowed the CEO of the company — Brian Armstrong-to take the first place in the ranking of the top 2000 billionaires of Forbes, according to the 2020 version.
  3. One of the company's products – the CE PRO is among the top 100 best cryptocurrency exchanges in terms of trading volume.
  4. The scale of the platform is also demonstrated by its international expansion – it is supported in more than 100 countries: African countries, India, Indonesia, Korea, Australia, New Zealand, most of the EU countries, Portugal, Great Britain, Canada, Costa Rica, Guatemala, Jamaica, Mexico, Panama, USA, Argentina, Brazil, Chile, Colombia, Paraguay, Peru, Uruguay, etc.

Coinbase features

Exchanges

Check out Depositing funds Depositing funds from a bank card or cryptocurrency wallet 1
Check out Withdrawal to bank card Withdrawing money from the account and transferring it to a bank card 0
Check out Transaction protection Protection of transactions from scam and other types of incorrect actions 1
Check out Currency converter Currency converter integrated into the exchange 0
Available markets: BTC, BNB, ALTS, ETF 2
Available crypto types: POW, DeFi 1
No Listing Ability to place your own cryptoservices on the exchange 0
Reviews
News

recommend it

Recommend

Liked

+Coinbase has a clean interface.

+Fast and low-cost transactions.

+Has more than 30 cryptocurrencies.

+Coinbase has insurance.

+You can use fiat money to change it.

Disliked

-There is a minimum deposit.

-Transfers are not always instant.

-Higher fees than other exchanges.

It is easy to use and well designed. Within the same wallet, the exchange process can be done with very fast transactions and with low-cost fees. It has a good security protocol to keep funds safe. Registration is simple and rather fast. It also allows to use fiat money to change it to digital, although on the other hand the purchase and sale service is not available in some countries.

Simple and easy to start

Recommend

Convenient for an understandable conversion of fiat into cryptocurrency - this is important for starting a new user in the crypto world.

Excellent referral program - the system gives a bonus to both users in bitcoins equivalent to 10 USD.

Gives gifts for the study of new materials in the field.

Unfortunately, some countries have restrictions.

Added july 26, 2021

high commission when converting between crypto and fiat currencies, the referral bonus can be obtained only after a transaction of at least 100 USD

Other crypto projects Coinbase Global, Inc.

Crypto wallet for mobile devices that allows you to easily manage all your assets, send cryptocurrencies by names, not addresses, and use decentralized applications.