By Nathan Ferguson
Coinbase Review
Are you looking to jump on the cryptocurrency trading bandwagon? Then look no further since Coinbase is a great digital currency exchange that can help you begin your trading journey. The emergence of digital currency was a revolution in the financial world, and now, many crypto traders have latched themselves to it since the creation of Bitcoin. Traders from many walks of life have flocked to exchanges to reap the benefits of currency trading. So, first and foremost, how do we connect ourselves and to what sort of exchange? Simply read this Coinbase review and jump on board.
As previously said, this form of money has been in the market since 2012, but it just recently acquired popularity after being public on the Nasdaq. Furthermore, it has the third-largest volume of all exchanges, according to CoinMarketCap. So, before you begin, you will learn all there is to know about selling, purchasing, and keeping crypto on Coinbase.
Coinbase charges a larger fee than other exchanges, but it has a lot more to offer. The headquarters of this US-based exchange is in San Francisco. It also has a solid presence and a fan base in the United Kingdom, where it accepts debit and credit cards. Doesn’t it seem appealing? Let me persuade you even more to use this exchange by focusing on the benefits that they have to offer.
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Education via Coinbase Earn
If you are a beginner trader seeking to learn more about cryptocurrencies, Coinbase is the exchange for you. They provide lessons, guidelines, video clips, and a complete learner hub to help new crypto traders by teaching them all they need to know about trading currencies. What to purchase, how to sell, tips and recommendations, and market trends are all available.
The best part is that they will pay you if you are an enthusiastic student and use their products. This incentive is based on the Coinbase Earn feature, which you will receive after you start completing quizzes and viewing short films. When you do this, Coinbase will deposit a small amount of bitcoin into your wallet, allowing you to experiment with digital currency trading.
Crypto Storage
Another feature they’ve introduced to their wallet is the ability to store coins. To begin, you may store your cryptocurrency on Coinbase. Simply log into your account, buy your cryptocurrency, and keep it in your account — this is the easiest method. The best part is you don’t need to worry about the security of just leaving your currency in storage. Why? Well, very simple, because they then take ownership of security and ensure that your money is safe by using their own security measures.
Wait, if this isn’t enough to tempt you, they also have something more to offer. Coinbase also offers a ‘hot wallet’ option. You’re probably wondering what it is. It is software that they provide for download. So, what makes it unique? You may use your own key to manage and perform other things with your crypto in this case. You will be able to make payments outside of Coinbase, transfer cryptocurrencies, and participate in other decentralized financial activities once this functionality is enabled by downloading the ‘hot wallet’ software. Finally, you will be able to transfer coins from one wallet to another.
Free exchange Platform
Did you read it right? Free? Yes, a free exchange platform is provided by Coinbase. Are you dying to know its name? All alright, it is called ‘Coinbase pro’ This platform is designed for expert and experienced traders as it offers more advanced tools. This platform has a comparatively lower fee and guides you buy, giving market analysis, reports, and a plethora of options to trade from at lower prices, thus giving you the competitive edge over others.
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Final Verdict
Honestly, there are a plethora of exchanges that provide comparable characteristics such as security, asset diversity, trading instruments, and so on in this world of digital trading. But what makes this one unique? They have added value by offering you the features described above that you may not find elsewhere. Halt spending time going through zillions of websites. In my opinion, simply sign up and begin.