Coinbase is the largest US based cryptocurrency exchange, it offers more than 30 different currencies and has been operating since 2012. When looking at trading volume, liquidity and traffic Coinbase also ranks as one of the largest in the world.
General company information
Coinbase Broker Services
Coinbase is primarily a brokerage service that allows users to buy and sell cryptocurrencies fast and easily. A lot of people end up buying their first Bitcoin through this exchange and a lot of it has to do with the user-friendliness of its interface, Coinbase’s reputation, and their marketing among other things.
Coinbase does have some downsides, however. One of the issues many people have with the platform is that they can’t have full control over their funds. When opening a Coinbase account, you will never have direct access to coins, and you will not be given a seed phrase or private key.
This means that Coinbase will be responsible for storing the coins for you. This is in many ways similar to depositing money at the bank, i.e., the bank owns the money, not you.
Coinbase Pro, which was previously known as GDAX, is a crypto trading platform. It is slightly different than Coinbase, which focuses on simplifying the trading process at a premium, as Coinbase Pro is aimed at advanced traders.
This platform allows you to trade a wide variety of currencies including ETH, LTC, BTC, ETH, LTC, ZRX, and BCH. The Coinbase Pro platform also has significantly lower fees than Coinbase’s main brokerage service and all sorts of advanced trading options.
Coinbase launched its own wallet in 2018. The wallet is available to both Apple and Android users. This wallet allows traders to store private keys on their device with only them having access to the funds. Coinbase is going full circle as it started as a wallet before turning into an exchange that claimed to not be a wallet, back to offering wallet services again.
Coinbase also makes it easier for merchants to accept cryptocurrency on their online stores with its dedicated plug-in. The plug-in works with most content management systems, whether you’re using Magento, WooCommerce, or Shopify.
In addition to all these services, Coinbase also offers additional services such as:
Coinbase Index - This tracks the financial performance of all assets traded on Coinbase
USD Stable Coin (USDC) - A stablecoin that was created by Coinbase
Custodian Services - Safeguarding cryptocurrency assets for financial institutions
Earn.com - A spam filtering service acquired by the platform
Paradex - A platform that allows users to trade directly from their wallet
Coinbase Ventures - Investing in businesses that are involved in building the open economic system
Coinbase fees and limits explained
When buying and selling you will be charged the higher of either the flat fee or the variable fee.
$10 or less
$10 to $25
$25 to $50
$50 to $200
Variable fees will depend on several factors including your location, deposit method and whether you’ve placed a “standard” order or an “instant buy/sell.”
Below are the fees for the US.
Coinbase USD wallet
Coinbase deposit and withdrawal fees:
All your deposit and withdrawal fees are included in the trading fees explained above.
Is Coinbase safe to use?
Pros and Cons of Coinbase?
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