How much is this trading platform worth?

Since its launch in 2012 in the cryptocurrency market, the Coinbase exchange platform brings together millions of users around the world, and this, in more than 100 countries, and for good reason, this crypto exchange site allows users to exchange different types of digital currencies through reliable payment methods and perfectly insurance. However, Coinbase may represent uncharted territory for some, especially those who are new to trading. So how exactly do you use it and how much is this platform really worth? Here is a brief description of this crypto exchange site !

What is Coinbase?

Coinbase is a online platform dedicated to yourcryptocurrency stocks, which allows you to buy, sell or store various types of crypto assets, such as Bitcoins, Ripples, Binance Coin or Tether, using different payment methods (credit card, SEPA transfer, etc.).

The Coinbase Platform offers various trading services to its clients, such as Staking or Crypto Earn, thanks to its developed trading tools that are suitable for use by experienced investors or novice users.

Coinbase also has a digital wallet where it is possible stokenize more than 4,000 assets, including NFT and Altcoins, in an ultra-secure way, respecting your personal data.

What trading features does Coinbase offer?

In addition to these crypto exchange tools, the Coinbase platform makes available to its users other interesting features, including the following:

  • The Coinbase Pro App – This mobile app is reserved for the use of professional investors and allows them to follow the evolution of cryptocurrencies in the current stock market, while providing them with graphical tools to manage their own crypto transactions;
  • Coinbase Custody: This feature is perfect for financial institutions that want to invest in crypto assets, as it secures the storage of their cryptocurrencies in cold wallets;
  • Visa Card: allows you to buy cryptocurrencies and receive rewards in the form of crypto assets for each purchase made with the card integrated into the platform.

What are the disadvantages of Coinbase?

Although considered a reliable and versatile trading platform, Coinbase may have some drawbacks for users, including high transaction fees, compared to other popular crypto exchanges, as well as limited access to certain Altcoins.

Foruse the Coinbase trading platform, you will have to start by officially registering on the platform. To do this, you will have to go to the Coinbase site, and more precisely to the section ” Create an account “ and follow the steps below. fill it online registration form, providing your personal information, including your first name, last name, date of birth, and then choosing a password for your Coinbase account.

Then validate the authentication email to access your account and confirm your registration code, once after receiving it on your phone.

Finally, make your first deposit transaction on the platform, indicating your payment method as well as the amount of the currency chosen to fund your Coinbase account and have the necessary funds for the purchase or sale of cryptocurrencies.

However, it is important to remember that there are three coinbase account types different whose functionalities vary according to the needs of the users. These accounts include a standard account, a Coinbase professional account and a Prime account, so it’s up to you to choose the account that best suits your profile.

Why use Coinbase?

In general, the coin base users are satisfied with their experience on this trading platform as it offers various advantages such as:

  • the possibility of making profitable purchase, sale or exchange transactions with digital currencies on the market;
  • simple and fast access thanks to a mobile application with a sober and ergonomic interface;
  • no deposit fees are required to open your account;
  • the offer of a bonus of $5 in Bitcoins when registering.

If he Coinbase Features just as the many trading services it offers have not yet convinced you, it is possible to rely on the advice of other investors or more experienced cryptocurrency users, and this, by consulting opinion forums or blogs dedicated to cryptocurrency exchange platforms.

Leave a Comment

Your email address will not be published. Required fields are marked *