What is Coinbase
Coinbase is one of the oldest and most trusted wallets you can find on the internet. It was launched in 2012 and since then over 30 million people from more than 100 countries are using it.
Is Coinbase safe to use?
Coinbase is a real company that has it's own office in San Francisco. Since it was created back in 2012 the company has raised more than 500 million dollars from multiple investors.
It's important to know that Coinbase is one of the only online wallets and exchanges that was never hacked in it's entire history. There have been a few hacking attempts but Coinbase always made sure to prevent their clients in time to avoid any potential hackers from stealing their coins.
Coinbase exchange
Coinbase is not only one of the biggest wallets, but it is also one of the biggest exchanges on the market.
Coinbase has around 40 coins/tokens available on their exchange platform that can be traded against each other or against fiat currencies. Trading pairs can be different,depending on the country where you live.
Coinbase fees
IIn addition to fees listed in the images above, Coinbase also charges a 0.5% fee every time you buy or sell cryptocurrencies.
When trading cryptocurrencies between each other the fees could go up to 2%. There is no fixed fee here as it depends on the market fluctuations.
Coinbase Pro
Coinbase Pro is a Coinbase platform that is recommended for professional traders that want to have access to more trading tools and have lower fees. Initially this was called GDAX exchange but it was changed to Coinbase Pro in order for the platform to gain more popularity due to using its original brand name.
Here you can see a list of fees available on Coinbase Pro :
Aside from the lower fees and a more professional trading platform Coinbase Pro also has a FDIC insured meaning in case of anything bad happening to your funds you are entitled to receive up to 250.000$ back from the insurance.
Coinbase KYC
Perhaps one of the only things people consider as a disadvantage on Coinbase is the fact that you need to verify your identity before you can have access to the full package of services they offer. Down below you can see the verification levels of Coinbase
How to register at Coinbase?
Visit Coinbase official website https://www.coinbase.com/, click on Get Started and create your account. You can use Coinbase on your desktop or you can download Coinbase mobile app.
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