A popular cryptocurrency exchange called Coinbase allows users to purchase, sell, and store cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others. With more than 103 million verified users and 9 million monthly active users, the exchange, which was created in 2012 by Brian Armstrong and Fred Ehrsam, has grown to become one of the most well-known cryptocurrency exchanges worldwide.
Its user-friendly interface, which makes it simple for newcomers to purchase and trade bitcoins, is one of Coinbase's primary benefits. Users of the platform may easily trade cryptocurrency because to its clear and user-friendly design. To assist customers in learning more about cryptocurrencies and trading, it also offers a variety of instructional tools like tutorials and manuals.
Additionally, Coinbase is renowned for its robust security features. The exchange safeguards user accounts and transaction data using industry-standard security protocols, such as two-factor authentication (2FA) and multi-signature technology. A further measure of security against theft and hacking is provided by Coinbase's offline cold storage of the majority of its users' money.
The regulatory compliance of Coinbase is a further crucial factor. The exchange is authorised and subject to regulation in a number of countries, including Singapore, the European Union, and the United States. In order to help protect the safety and security of its users' assets, Coinbase complies with the relevant regulatory standards in each of these jurisdictions.
The liquidity of Coinbase is one of its key benefits. The exchange, that has 103 million verified users and 9 million monthly active users, provides a wide and active market for buying and selling cryptocurrencies. As a result, users can trade cryptocurrencies with little slippage and at fair market values.
For fees, users of Coinbase pay 0.5% for basic users and 0.1% for Coinbase Pro users every trade. For deposit and withdrawal transactions, the exchange additionally levies a minor fee that varies according on the chosen payment method.
Overall, Coinbase is a trustworthy exchange that is simple to use and appropriate for both novice and seasoned traders. Coinbase is a well-liked option for anyone wishing to purchase, sell, or trade due to its robust security features, regulatory compliance, and deep liquidity.