CoinBase Review
Have you finally made up your mind that you want to invest some money in cryptocurrencies? Well, looking at the current situation of the world, it seems that more and more people will be jumping on this bandwagon as time passes. The world is looking for a solution to exchange value that can be contactless, and is no better way to do that other than using cryptocurrencies. At the same time, people are looking for easy ways to make money and they think that cryptocurrency trading could be helpful. The first thing you have to keep in mind here is that you can’t make money through cryptocurrency trading just like that.
You have to put in your time, energy, efforts, and skills to trade cryptocurrencies and earn profits on your trades. Now, it is up to you how you decide to invest your money into cryptocurrency trading. You can either go through online brokers that allow you to trade cryptocurrencies without owning them, or you can go with online cryptocurrency exchanges that provide you with just about any cryptocurrency-related service you can think of. Among the best names in the world of cryptocurrency exchanges you have CoinBase. This online exchange provides you with a variety of services in addition to cryptocurrency trading.
Let’s take a look at this CoinBase review to find out why it is such an amazing online platform for those who are looking to invest their money in digital coins.
A Little Introduction to CoinBase
The first thing you have to know about CoinBase is that it is a hub of cryptocurrency-related services. You can trade on this platform or you can also buy and sell cryptocurrencies. Well, there is technically no difference between the two activities, but when you look at how online brokers work, you will know that there is some difference. For example, when you sign up with online brokers, who are purely brokers, they usually do not let you buy or sell cryptocurrencies. They are only there to provide you with a platform where you can trade cryptocurrency contracts, such as CFDs.
On the other hand, with CoinBase, you are looking at an online entity that provides you with a platform to buy and sell real cryptocurrencies. You don’t have to exchange contracts to trade these currencies. You can sell the real crypto assets you have on this platform and buy real crypto assets from others in the market. The best part about CoinBase is that it does not keep you limited with how many cryptocurrencies you can trade and what position you want to take. Once you have signed up with CoinBase, you can trade just about any cryptocurrency you like and take whatever position suits you.
You can have your order filled instantly, if there is someone in the market matching your order. Or you can have your order filled later if there is no one in the market to match your order. At this point, you also have to familiarize yourself with the concept of makers and takers. When your order gets taken up by someone on the market instantly, you are the taker. On the other hand, if your order remains open for a long time before someone matches it, you are considered the maker. There are different types of fees associated with the position you take. Usually, you pay smaller fees as a maker as you continue to raise the amount of money you are trading.
A Variety of Cryptocurrency Pairs for Trading
You are going to love the fact that you can trade a variety of cryptocurrency pairs when you are with this online exchange. You have a professional trading platform here you can trade whichever cryptocurrencies you are interested. It has to be kept in mind here that you can trade not only cryptocurrencies but other currencies on the platform as well. For example, when you look at the pairs, you will realize that you don’t necessarily have to buy cryptocurrencies with the digital coins you have. In fact, you can also buy other fiat currencies with the digital currencies you have.
You have a variety of cryptocurrencies available for you to trade when you are with CoinBase, and that’s something you don’t get to enjoy with most online brokers. They usually provide you with Bitcoin trading and Ethereum trading. If they have more currency pairs, they usually go with other famous cryptocurrencies, such as Litecoin, Stellar, and Ripple. However, when you are with CoinBase, you can trade from more than 50 different cryptocurrencies. So, you can have as much choice as you want. In addition to that, if you are a trained and professional trader, you can diversify your portfolio with CoinBase like never before.
Learn Everything That Matters
CoinBase is your hub to know everything that you want to know about cryptocurrencies. In fact, if you want to learn about the blockchain technology as a whole, you will not have to go anywhere because you are going to find a lot of material on CoinBase. There is a lot of information on the website that is supposed to help first time traders and people who are new to cryptocurrencies with their learning. You can learn about cryptocurrencies, Bitcoin, blockchain, and just about any other cryptocurrency you can think of when you are on the CoinBase website.
You will be surprised to know that CoinBase is going to help you learn by rewarding you. The rewards continue to change on the website so by the time you see the website, you will be looking at a different reward than the one available right now. However, the best thing is that the exchange is willing to spread the knowledge about cryptocurrencies, and is even rewarding people who are helping it in this venture.
Trade on iPhone and Android
One of the things you get to hear a lot from online brokers is that they are providing you with a platform that you can use on any device. That’s true to some extent. With just about any online broker, you will get a trading platform that you can use on your phones, tablets, and even desktop computers. The best thing is that you are getting such a robust platform from CoinBase as well. In fact, this exchange has made sure to create its own trading platform that you can use with ease right from day one. You will find all the cryptocurrency pairs on the platform and trade with only a single click or tap.
So, since the exchange understands that its target audience uses different types of devices, it has made its mobile application available not only for Android but iPhones as well. On this platform, you will find everything that you need to trade successfully. If you are looking for different types of tools that can help you with your trades, you will find them all on the trading platform. Better yet, you will have the charts of the different cryptocurrencies running in real time on your platform so you are always aware what the market conditions are like and when you can trade an asset for your benefit.
It’s a Solution for Ecommerce Businesses
Are you someone who is thinking about his/her online store? If you are one of these people, you will be happy to know that CoinBase can help you with something that you will not find elsewhere. Now, you have to know that millions of people are trading cryptocurrencies in the world every single day. You have a couple of new cryptocurrencies being launched on a daily basis too. In addition to that, the current condition of the world is pushing the world economy in a direction where cryptocurrencies seem to be the best solution for exchanging value. Unfortunately, these trends are still missing from the ecommerce industry.
You have still have more businesses that only accept fiat currencies through credit cards, debit cards, wire transfers, etc. than you have companies that accept cryptocurrencies. If cryptocurrencies are to be the currencies of the future, they will have to be accepted in the system by businesses. At the same time, customers should have peace of mind that if they own cryptocurrencies, they can use them for buying stuff as well. That’s where CoinBase has decided to help its customers. If you are someone who is looking to start an online shop, business, or store, you are going to love the ecommerce side of the CoinBase.
At this point, you have to know that CoinBase is not just an online exchange for buying and selling Bitcoin and other digital assets. Instead, it is a hub where you will find just about any cryptocurrency-related solution that you are looking for. So, if you start your own ecommerce business, you can partner with CoinBase to accept cryptocurrencies on your website. Yes, you can have customers buy stuff from your website in exchange for cryptocurrencies. The best part is that you can accept a variety of cryptocurrencies. You will not even have to pay any fee for accepting cryptocurrencies on your website. You can forward these monetary benefits to your customers as well if you want to make their shopping more budget-friendly.
What you are going to love about having the ability to accept cryptocurrencies is that you will not have to have any middlemen accepting the payments from your customers. You are the bank and you are the merchant when you go with cryptocurrencies. So, wich CoinBase, you can make that dream come true as well. The biggest reward for accepting cryptocurrencies on your website is that you will not have to deal with chargebacks. Once a customer has made a payment in the form of a cryptocurrency, they cannot reverse their order.
A Launchpad for Startups
The one thing that has to be admired about CoinBase even by its rivals is that this website stands for promoting the use of cryptocurrencies. It has a vision that cryptocurrencies will become the currencies of the world in the future. With that vision in mind, it is there putting its full dedication in supporting this industry in every way possible. You don’t see a lot of online cryptocurrency exchanges and brokers doing that. They are usually only concerned with their profits and making money from their investors and traders.
On the other hand, you have CoinBase, which is ready to provide its platform to startups to launch into the markets their products. You have more and more cryptocurrency-based platforms and blockchain based solutions coming in the world. However, these ventures need some help from someone that not only provides them with money but also gives them a platform to highlight their existence. That’s where CoinBase come in. It has provided a perfect platform on its website to get the ventures coming to it. Through this side of the business, CoinBase helps other cryptocurrency-based and cryptocurrency-related startups to step into the market.
Store Your Cryptocurrency with Ease
One of the biggest challenges you will face when you are in the world of cryptocurrencies is how you can store the money you have. You know, when you have cryptocurrencies, you are talking about money in the form of some of digital data. To store this digital data, you need a wallet. However, the biggest problem with cryptocurrency wallets is that they are usually not safe. Keep in mind that a wallet connected to the internet at all times is considered the most vulnerable and unsafe wallet. So, you should only pick the wallet that you are sure will not be hacked easily.
The good news is that you have CoinBase with you now to provide you with support with storing your cryptocurrencies. Now, it does not matter which cryptocurrencies you have because you can store them all in the wallet that is being provided to you by CoinBase. This wallet will store your digital currencies, and keep them safe from any hackers, fraudsters, and intruders. Once again, this modern cryptocurrency exchange fully understands the lifestyles of today’s traders. And for that reason, the broker has an application for its wallet that you can download on your smartphones.
You don’t have to worry which particular operating system runs on your device. Whether you love your iPhones, or have pure love for Android phones, you will find the wallet on any operating system when you are with CoinBase.
Cryptocurrency Custody Is Unique
If you are an institution and you have a lot of cryptocurrencies in possession, you must be worried about their safety at all times. It is true that as safe as cryptocurrencies are, they can also be the most unsafe currencies in the world right now. First of all, there are no sophisticated methods of storing cryptocurrencies available right now. In addition to that, most people using cryptocurrencies or buying and selling them are not fully aware of the beast they are dealing with. They show casual attitude towards protecting their digital coins and end up losing them. This has happened to millions of cryptocurrency owners around the world.
You want to keep things safe and that’s why you have to find a solution to keep all your cryptocurrencies if you have a lot of them. When you are an institute, you can definitely use the help of CoinBase in taking custody of the digital assets that you own. This is a very unique service, one that you usually do not see every day. However, CoinBase has been providing this service to institutions for quite some now. If you are interested in the service, you can contact the company by using the contact details on the website.
Trust Never Dwindles with CoinBase
If you don’t know, there have been many instances where online cryptocurrency exchanges lost the money of their customers. These people were keeping their digital assets with the exchange because they trusted it. However, many investors from around the world lost millions of dollars when their exchanges had a problem. They either stopped working or someone stole the money from them. However, in the end, it was the investors who never got compensated for losing millions of dollars that they had thought would change their lives.
For that reason, there are many traders and investors in the world who do not want to sign up with an online exchange unless they are 100% sure about the authenticity of the exchange. You will not have any problems when you sign up with CoinBase. This online exchange is probably the most trusted online entity for you to trade cryptocurrencies and store them. First of all, you can be sure that the exchange is not going anywhere because it has already more than 35 million clients from around the world. Yes, these are people who have signed up with this online exchange from more than 100 different countries of the world.
That’s not it, these investors and traders have already used the platform millions of times to exchange values that will startle you when you look at them. So, if you look at the amount of money that has already been exchanged on CoinBase while you are reading this, it is more than $150 billion right now. This goes to show that you are signing up with an online exchange that you can trust with ease. It is not a new exchange, and definitely not one that you are going to be the first customer of. There are many other exchanges that claim to be big, but you will have a hard time finding an exchange that it as good as CoinBase.
The factor that is going to make you love this online cryptocurrency exchange is that all the money that you deposit in your account with this CoinBase is insured. So, when you purchase cryptocurrencies on an online exchange, you have to put the digital coins somewhere. Now, it is up to you to transfer the money you have purchased on CoinBase to your personal wallet or keep it with the wallet from the exchange. If you keep the wallet from the exchange, you will fear that all the money will be gone if CoinBase gets hacked or something wrong happens to it.
However, with CoinBase, you will never have to worry about that issue ever. The online exchange has proper insurance in place to protect the money of its traders and investors in the time of a mishap. Fortunately, the exchange has insurance on all the digital currencies that you keep in the online wallet of the exchange. If you live in the US, you will be happy to know that there insurance of $250,000 on these online storages. And that amount is for every trader or investor who has kept his/her money with CoinBase. That should give you some peace of mind when you sign up with CoinBase.
Get the Help You Need
If you have a question about cryptocurrencies, your account with CoinBase, or buying and selling cryptocurrencies in general, you can always rely on the website of the exchange. The FAQs or Support section on the website is one of the most detailed you will find from any online exchange. Here, you will find answers to all the questions you have in mind about trading cryptocurrencies or the services provided by CoinBase. You will get some additional information about the industry and how things work in the cryptocurrency market through the articles shared on the website. All the answers to your questions are detailed and helpful.
Final Thoughts
CoinBase is a huge online website that you can call the hub of all solutions related to cryptocurrencies. If you are considering becoming a part of the cryptocurrency market, you can definitely rely on a company that has customers from 100 different countries and over 35 million customers who are using its platform every single day for trading Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, Stellar, and many more cryptocurrencies. Pick the one that you think will perform the best and use CoinBase as a reliable platform for all your cryptocurrency investments.
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