When Coinbase started trading at $381 on the NASDAQ in April, it became the first significant cryptocurrency company to go public in the United States. This fully diluted basis gave the cryptocurrency exchange an initial market worth of $99.6 billion.
With the help of the Coinbase app, you can purchase and trade over 50 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many more. In addition, you can send cryptocurrency to and from other users using Coinbase. You can also convert them to different cryptocurrencies.
What is Coinbase?
Coinbase is a popular cryptocurrency exchange that makes purchasing, trading, and swapping cryptocurrencies simple. Coinbase makes purchasing Bitcoin as simple as buying a stock online through a brokerage but beware of the fees and subpar customer support.
Over 100 tradable cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. These are available for customers to purchase, sell, and trade on Coinbase. With more than 98 million users and $256 billion in assets on its platform, Coinbase is a large corporation.
Coinbase operates two different trading platforms. You may probably find everything you need to create and manage a bitcoin portfolio or trading plan among the variety of goods offered by Coinbase.
How Does It Work?
For individuals new to cryptocurrencies, using Coinbase is a simple way to get started. Thanks to its simple interface, users may purchase and trade cryptocurrency. Although not all cryptocurrency types are supported, several of the most well-known coins are.
The costs on Coinbase can add quickly, especially when purchasing tiny quantities of cryptocurrency, so keep that in mind. For instance, if you purchase up to $10 worth of bitcoin, you would pay a $0.99 variable cost, which means your fee might be close to 10%.
What Makes Coinbase Unique?
This exchange is a fantastic choice for cryptocurrency investors and traders looking for a reliable all-around platform for purchasing, storing, and selling cryptocurrencies. There aren’t many cryptocurrency exchanges that can compete with Coinbase’s variety, especially for American investors. It provides trading for over 150 different types of cryptocurrencies, from Bitcoin (BTC) and other well-known coins to smaller and more recent digital tokens.
Simple and Sophisticated Trading
You can access both the primary and sophisticated trading tools offered by Coinbase from your account. The user-friendly design of the direct trade option makes it simple to utilize. Charts, a live order book, and limit orders are some additional features with advanced trading.
Supported Wallets
The mobile app and the browser extension for Coinbase Wallet support Ethereum and all other EVM-compatible networks. The following networks are preconfigured in Coinbase Wallet; however, you may manually add additional EVM-compatible networks as well:
- Arbitrum
- Avalanche C-Chain
- BNB Chain
- Gnosis Chain
- Fantom Opera
- Optimism
- Polygon
- xDai
- Solana
Guide
It’s simple to open a Coinbase account. According to Coinbase, you will need the following to open an account:
- The minimum age is 18 years.
- A state identification card or driver’s license with a photo
- Internet-connected PC or smartphone
- Mobile number for SMS confirmation
- The most recent iteration of your web browser
You are now prepared to create an account if none of this poses a problem. Enter your first and last name, email address, home state, and password. After that, you must set a password. To keep your account secure, create a strong, one-of-a-kind password.
