To sustain the craze of crypto trading, Coinbase has evolved a lot since its establishment. The exchange is now known as one of the biggest crypto exchanges in the United States. Functional since 2012, the platform allows users to buy, sell, and trade various digital and crypto assets. Coinbase has a significant reputation among both new and advanced traders.
The user interface of Coinbase is one of a kind and in May 2021, Coinbase mobile app reached the top position on Apple’s App Store.
Presently, the exchange facilitates more than 56 million users, trading 300 million worth crypto assets. According to the coin market cap, Coinbase is the third largest crypto trading platform in terms of trading volume.
This is a detailed review on Coinbase that demonstrates how trading on this exchange can have a positive impact on your investment portfolio.
The Coinbase exchange is one of the platforms that many crypto investors and dealers use. It is undoubtedly the largest crypto exchange in the United States and provides users with numerous benefits.
It was founded in 2012 and today serves more than 43 million users in more than 100 countries around the world. One of the most intriguing and amazing aspects of Coinbase is that it is a regulated and licenced exchange, implying that it provides security to its users.
It accepts over 55 digital currencies and a variety of payment options, including wire transfers, PayPal, and credit card transactions. Its fees are slightly greater than those of its competitors.
People who use it, on the other hand, think it’s worth it because of the platform’s remarkable features.
The Coinbase exchange provides insurance for digital currencies and employs cutting-edge technological security methods to safeguard users’ assets and information. It is not only one of the largest but also one of the best cryptocurrency exchanges because it offers educational information and videos for beginners.
It also caters to the demands of professional traders, with a Coinbase Pro edition available.
Platform Overview of One of the Biggest Crypto Exchanges
Coinbase is one of the earliest crypto exchanges that started trading crypto assets. It is a decentralized platform with no headquarters however, it has over 2,700 employees worldwide. The platform now offers support to dozens of unique crypto assets. The exchange is accessible across more than 100 countries while managing a diverse crypto environment supporting 9,000 financial institutions. To facilitate both new and seasoned traders Coinbase has introduced two separate trading UIs in addition to a standalone crypto wallet. With all these benefits, Coinbase has become one of the biggest crypto trading exchanges.
Below are some of the most appealing aspects of Coinbase.
Assets Supported
For US based crypto traders, there are not many options available when it comes to selecting a crypto exchange that supports a wide selection of crypto assets. Coinbase is one of the largest crypto exchanges in USA that offers support to more than 130 digital assets, ranging from Bitcoin to Ethereum and newer digital tokens including:
- Ethereum (ETH)
- Bitcoin (BTC)
- Cardano (ADA)
- Tether (USDT)
- Polygon (MATIC)
- Solana (SOL)
- Chainlink (LINK)
- Dogecoin (DOGE)
- Polkadot (DOT)
- Uniswap (UNI)
Security
In terms of being one of the largest crypto exchanges, Coinbase implements some of the cutting-edge security practices to keep user funds and assets safe against thefts and system failures. However, there is always risk involved when you are trading digital assets. Therefore, the best approach is to always stay up to date with advanced practices to keep your account information secure.
On Coinbase, 98% of user assets are kept in cold or offline crypto wallets that are supported by both paper and digital backups. The platform is known for using bank-standard security encryption for its website. Additionally, it has a two-factor authentication to prevent any suspicious logins. Moreover, the platform has a defined insurance policy to compensate users in case of hack or system failure.
Mobile Application
Coinbase has a user-friendly and highly functional mobile app that allows users to buy, sell, and manage their cryptocurrencies wherever they are. It has excellent ratings on both the Apple App Store and the Google Play Store. Whichever type of device you have, the Coinbase app is a quality option for mobile crypto trading.
Advanced Trading Module
Coinbase is one of the largest crypto exchanges that has two fully functional UIs for traders. The standard Coinbase is best suited for new traders, it is easy to use and trading assets on is quite easy. Whereas Coinbase Pro is for advanced traders, it offers complex trading products, charting tools, and a lot more. You can tap into both of these trading modules using a single account. It is better to conduct a thorough research or some basic experience on a standard platform before moving to Coinbase pro.
Earn free crypto
With Coinbase Earn, users can also earn free crypto assets just by learning about brand new digital assets in the market. To use this feature for your advantage, you just need to complete modules. These modules consist of both videos and quizzes. Through these videos and quizzes you can earn several types of crypto assets.
Learning Material
Coinbase is the largest crypto exchange as it maintains an impressive library of educational material for users. If you are new to the crypto world you can learn about what is new to the market and what are the best practices to sell, trade, or buy cryptos.
Payment Gateways
This is one of the most famous platforms that supports various payment gateways. Users can deposit or withdraw funds through bank or wire transfers, visa and debit cards, and a lot more. Moreover, it processes the payments within a matter of minutes.
Final Thoughts!
Concluding it all, there is no doubt that Coinbase is one of the biggest crypto exchanges in the crypto sphere. It is known for its two separate trading modules Coinbase standard and Coinbase Pro. If you want to start crypto trading, then choosing Coinbase can be a best-suited option for you. Knowing about some of the most popular cryptocurrency exchanges might make it easier for interested parties to select a platform that meets their needs. Details like the ones listed above might give crypto traders an overview of their possibilities, allowing them to select the most appropriate one.