This Coinbase review can be quite helpful for people who are new to the crypto space and intend on using the platform to buy or trade crypto. An in-depth look into what Coinbase offers and the kind of features it has available can help people in determining whether it matches what they are looking for or not.
Carefully choosing a platform is crucial as there is no shortage of platforms in the market that are unsafe, complex and unsuitable for all parties to use.
There can also be a difference of available features depending on your location and region. Therefore, to ensure you make the best possible choice, you need to be mindful of all relevant factors that are discussed in this brief review of the Coinbase exchange.
Coinbase Review – Where is Coinbase Located
Coinbase is based in the United States of America and is one of the topmost and best exchanges in the country. It is also one of the biggest exchanges in the world.
It was launched in 2012 and has grown quite prominent as compared to its competitors. This exchange makes it easy and convenient for people to buy and sell BTC.
The Coinbase exchange also extends its features to users from all over the world and from more than 100 countries. In other words, this platform has more than 43 million active users, making it one of the most outstanding exchanges you can come across in the crypto market.
Other details of the platform are mentioned below in this brief yet informative Coinbase review.
There are several high-end selling points of the Coinbase platform, one of which is the availability of Coinbase Pro.
This is an advanced version of the crypto exchange that focuses on facilitating the professional investors and traders.
The major difference between the basic and Pro version is that the latter version features advanced tools and features that are more useful and important for the experienced traders and investors.
Users who opt for the Pro version can also get access to more than 50 digital assets. Traders and investors can choose any of the available cryptocurrencies and directly them for Ethereum, Bitcoin and fiat currencies.
Safety Offered by Coinbase
One of the most important questions answered in this brief review is, “is Coinbase safe?”. This can be a major concern for a lot of people as none of the exchanges are 100% risk-free but some have a higher security level than others.
This Coinbase review specifies that it is indeed one of the platforms that prioritizes the safety of the users above all else. This exchange is one of the rare ones that are fully licensed and regulated. This is a solid fact that verifies that Coinbase takes the security of the users very seriously.
It uses technologically advanced security systems such as two-factor authentication system (2FA) and offers insurance on digital currencies as well.
Various Payment Methods Available
The versatility of an exchange is yet another reason why a vast audience is inclined towards using a platform. There are different platforms that lose the attention of crypto traders and investors due to lack of options available.
However, the Coinbase exchange is not one of them. This platform understands the importance of offering options to users to make the overall experience easier for them. It also supports various payment methods that include:
- Credit cards
- Direct crypto withdrawals
- Direct crypto deposits
- Debit cards
- Wire transfers
Supported Digital Assets
As mentioned above in this brief Coinbase review, this exchange holds the availability of options as very important. The variety of digital assets supported by Coinbase is unlike any other.
The Coinbase exchange has been expanding its collection and it currently offers more than 55 digital assets.
As a user of the Coinbase platform, you can have access to the following cryptocurrencies and more:
- Algorand (ALGO)
- Bitcoin Cash (BCH)
- Cardano (ADA)
- Cosmos (ATOM)
- Decenterland (MANA)
- EOS (EOS)
- Ethereum (ETH)
- Litecoin (LTC)
- Polkadot (DOT)
- Ripple (XRP)
- Stellar Limen (XLM)
Learn and Earn
Another intriguing aspect mentioned in this brief Coinbase review is the availability of the learn and earn feature.
Coinbase is more than just an exchange for buying or trading crypto. It is also an institution that majorly focuses on helping new traders and investors in learning as much as they possibly can.
The users of the exchange can get access to a variety of educational content and take online exams to test their knowledge. This information can help them to start trading by using the basic trading strategies.
Going through this Coinbase review is one of the best things you could do before you start using it. Even if you are choosing the world’s largest exchange, you should at least have an idea about what the platform offers. Therefore, if you are interested in Coinbase you should know the details mentioned above.