Coinbase Review – Know About Coinbase Exchange

There are a lot of cryptocurrency exchanges available in the market. Some of them provide good service while many don’t. And that’s why choosing the perfect cryptocurrency exchange is very important.

Because many people regret staking their hard-earned money on platforms with no or minimum security. In the worst case, you can lose your investments as well as the cryptocurrencies you are holding in your wallet.

Let’s Know in Detail About Coinbase Exchange

So in this article, we are going to review a popular cryptocurrency exchange known as Coinbase. Unlike other poor-quality cryptocurrency trading platforms, you can trust your investments on it for sure.

If you have used Coinbase before or are familiar with it, then you won’t need much proof to decide whether it’s worth it or not. However, it’s necessary to have enough information before using it, especially when you’re a new user!

What is Coinbase?

Coinbase is a cryptocurrency exchange platform company. It provides hassle-free buying, selling, and exchanging of different cryptocurrencies in the crypto world.

With an easy-to-understand dashboard and sleek design, Coinbase has accumulated more than 56 million trusted users till now. Ranked among the top crypto trading platforms in the terms of the transaction amount, the number of visitors, and asset liquidity.

Founded in the USA, California, in 2012, Coinbase started its journey by providing Bitcoin trading and grew to the world’s largest cryptocurrency exchange.

Key features of Coinbase platform

Providing its services for more than a decade, Coinbase offers a lot of quality features. The majority of the features that you can use with Coinbase are quite easy to use. Which will help you perform virtual transactions easily. But what features do you actually get to use? and are they worth it? Let’s go through them!

Excellent user interface

Simple navigation and easy to understand user interface are key components of Coinbase UX. Unlike other trading platforms, they prioritize customer satisfaction over profits. So whenever you wish to buy or sell any cryptocurrency, you don’t need to go through complicated procedures.

Higher security standards

It follows higher security standards to make sure your precious crypto assets are safe and secure. Coinbase stores your cryptocurrencies offline to avoid any potential online threats. While providing an insurance policy against loss from theft.

Allows a low account minimum

Generally, you need a high account minimum to complete transactions on cryptocurrency exchanges. Whereas, Coinbase doesn’t require a higher account minimum. Because you can start trading easily for as low as two bucks only!

Supports a wide range of currencies

If you choose Coinbase as your cryptocurrency exchange platform, you can access almost 50 differnet types of cryptocurrencies. Allowing you to buy/sell them easily within few minutes, depending on your requirements.

Some of those popular currencies are Bitcoin, Litecoin, Ethereum, and Dogecoin. Coinbase also provides you a detailed overview of the cryptocurrencies supported and their restrictions according to your geographic location.

Beginner to expert guidance resources

Starting your crypto journey is more difficult when you don’t have enough knowledge. Thankfully, Coinbase provides an education hub for everyone. Where you can get through knowledge about crypto trading and similar topics. Additionally, you’ll receive crypto rewards when you start learning on the education hub regularly.

Final words

Coinbase is available on the website and mobile app, so it’s more flexible than other web-based cryptocurrency exchanges. Yet, the trading fees can be a problem if you’re not performing crypto trades regularly. Because you need to pay up to 0.50% of trading fees which is a little more than other platforms with lower trading fees.

In conclusion, overall Coinbase is a better choice than other platforms in the market. Do share this article with others if you found it useful, and don’t forget to mention any questions you have.

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