Coinbase is a secure online platform for buying, selling and storing digital currencies. This includes bitcoin ethereum and almost 100 other cryptocurrencies. They offer a cryptocurrency wallet, an exchange and merchant tools in one simple interface. Coinbase allows users to store and trade their digital assets, convert one cryptocurrency to another, and to send and receive cryptocurrency to and from other people. The cryptocurrency is insured against website hacks. Coinbase also has the current price trends for cryptocurrencies and news stories about the crypto industry.
Users can trade on two platforms. On the original Coinbase platform, users purchase cryptocurrency with U.S. dollars. Second, Coinbase Pro allows users to make crypto-to-crypto transactions, place market limits and stop orders.
Coinbase is easy to set up. Just download the app for iPhone or Android and create an account. To comply with federal regulations, it requires your personal information. This includes your legal name, address, birthdate, and the last four digits of your Social Security number. You can download the app for.
Coinbase fees are higher than some competitors. They charge fees when you buy, sell, or convert cryptocurrencies. Fees range between 0.5% to 4.5% depending on payment method, order size and market conditions. Applicable fees are listed in the preview screen before transactions are submitted. Coinbase also charges a 2% fee for credit transactions.
Coinbase provides video classes and exams to educate users about cryptocurrency and trading. And users can earn certain cryptocurrencies by taking classes.