Want to know more about Coinbase? If so, you’re at the right place. In this article we’ll cover everything associated with the San Francisco-based crypto exchange. Created in June 2012 by Fred Ehrsam and Armstrong, Coinbase is a cryptocurrency exchange that manages the exchanges of Ethereum, Bitcoin, Bitcoin Cash, Litecoin, Ethereum Classic with Fiat Currencies in around 32 countries. It’s one of the world’s most popular crypto exchanges known for its strict security protocols.
Here’s what the exchange says about itself:
‘’Bitcoin is the world’s most widely used alternative currency with a total market cap of over $100 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world. We make Bitcoin, Ethereum, and Litecoin easy to use, strive to be the trusted brand in the space, and have built the world’s leading platform for digital currency integration.’’
Pros
There’re two types of wallets available on Coinbase; The first one is designed especially for novices, while the second is aimed to meet the needs of serious crypto traders. It’s up to you which wallet type you pick. When it comes to safety and security of the platform, the team at Coinbase employs very stringent security protocols to ensure a hack-proof safety. As far as the question ‘Is Coinbase Safe’ is concerned, I don’t feel any hesitation in saying ‘Yes’ to this question.
Cons
When it comes to the downsides of Coinbase, the biggest disadvantage is that it’s available in three currency zones, Europe (euro), USA (USD), and Great Britain (GBP). They have also set a limit on how much crypto coin you can buy each week. It’s not an option for those wanting to buy coins in bulk.
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Martin has been following the crypto space since 2013. He is a passionate advocate for blockchain technology, and believes that it will have a profound impact on how people live their lives. In addition to being an avid blogger, Martin also enjoys writing about developments in the industry as well as providing useful guides to help those who are new to this exciting frontier of finance and technology.