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. This is an article from community cryptodefix. 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.
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