Coinbase – Buy and sell cryptos with trust

Most trusted cryptocurrency platform

Coinbase is one of the most trusted cryptocurrency platform as a lot of people use it and more than $320 billion has been traded so far.

People use this wallet because:

• Buying and selling digital currency is a very easy job through this app.

• It is very safe and secure, you don’t have to worry about your accounts security.

• Sending or receiving digital currency from friends or merchants on Coinbase is free. Although there are some minor fees for external transactions, sending money between this walltet’s users is free.

Coinbase is protected

Coinbase takes careful measures in all ways to ensure that your currency is as safe as possible. They categorise the security of their customer’s digital currency. They do this by using a combination of both “hot storage” (online) as well as “cold storage” (offline).

Most of the customer’s digital currency is stored in cold storage (offline). Offline storage is an important security measure against robbery or loss.

Coinbase also offers an extra layer of security. After typing your username and password, you will also have to enter a code that you will get in your mobile phone. This adds an extra layer of security to your account and ensures no theft.

Getting started in Coinbase

Getting started in this wallet is really easy. All you have to do is create an account in Coinbase. Then you have to link your bank account to your account. Then that’s it, you can start selling or buying cryptocurrencies from now.

Cryptocurrencies that Coinbase supports

This crypto wallet supports a lot of Cryptocurrencies. A few famous cryptocurrencies with their value in dollars are:

1. Bitcoin (29,102 dollars)

2. Ethereum (915 dollars)

3. Litecoin (149 dollars)

4. Bitcoin Cash (390 dollars)

These are some of the cryptos that Coinbase offers.

A few advantages of Coinbase

• Only trusted cryptocurrencies

It offers very trusted cryptos. Through this wallet you can purchase cryptos like Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

• Easy user interface

It has a really easy user interface. It allows you to sign up and start buying cryptocurrencies in just a few seconds.

High rating

Coinbase is ranked number 1 among all the cryptocurrency wallets. It is really easy to get started in and also offers some learning programs. You can learn new things like “What is Cryptocurrency” and “What is a Blockchain” through the learn section of Coinbase.

Coinbase vs Coinbase Pro

These both only have a few differences. The both get the same end result which is having bought or sold some cryptocurrency and offer the same features.

Coinbase

It offers a user friendly interface and is usually used by people who are just starting their journey to buy and sell cryptos. There are some transaction fees which may be the only negative point about it.

If the transaction amount is less than $10 or equal to it, then the fee is $0.99. Or if the transaction amount is less than $25 and more than $10, then the fee is $1.49. $1.99 is charged if the transaction amount is less than $50 and more than $25. If the transaction amount is less than or equal to $200 and more than $50, then the fee is $2.99.

So, if you are in the U.S and you send $30, then the transaction amount that you have to pay is $1.99.

Coinbase Pro

Pro also has nearly the same options as Coinbase but the only thing is that you get a more robust charting and trading experience. The data and the charts cant just be ignored. You can sign in to Pro with your account or you could create an account on Pro directly. After you sign in, you can see what’s happening in the market, view trading history, manage multiple portfolios and do many more things with your account.

Verdict

The main difference between these both is the transaction fees and speed. Neither of them charge you for creating an account. Neither of them have any bugs.The main differences are:

Fees – The fees might seem high but it actually is reasonable. When a huge organisation with thousands of staff gives you access to a huge amount of cryptos, you can’t expect them to not charge any fees. Coinbase pro charges less to no fees but that is a different matter.

Speed – Cbase offers a very speedy transfer. Coinbase pro is also nearly the same as Coinbase. It does take some time to transfer cryptos off the platform, but in terms of sending to other people on Coinbase, it is extremely fast and free.

Countries that offers Coinbase

Coinbase is available in more than 100 countries.

13 countries from Africa:

1. Angola
2. Benin
3. Botswana
4. Cameroon
5. Ghana
6. Kenya
7. Mauritius
8. Namibia
9. Rwanda
10. South Africa
11. Tunisia
12. Uganda
13. Zambia

20 countries from Asia:

1. Armenia
2. Bahrain
3. Brunei Darussalam
4. Hong Kong
5. India
6. Indonesia
7. Jordan
8. Kazakhstan
9. Korea
10. Kuwait
11. Kyrgyzstan
12. Macao
13. Maldives
14. Mongolia
15. Nepal
16. Oman
17. Philippines
18. Singapore
19. Taiwan
20. Uzbekistan

2 countries from Australasia:

1. Australia
2. New Zealand

40 countries from Europe:

1. Andorra
2. Austria
3. Belgium
4. Bulgaria
5. Croatia
6. Cyprus
7. Czech Republic
8. Denmark
9. Estonia
10. Finland
11. France
12. Gibraltar
13. Greece
14. Guernsey
15. Hungary
16. Iceland
17. Ireland
18. Isle Of Man
19. Italy
20. Jersey
21. Latvia
22. Liechtenstein
23. Lithuania
24. Luxembourg
25. Malta
26. Monaco
27. Montenegro
28. Norway
29. Poland
30. Portugal
31. Romania
32. San Marino
33. Serbia
34. Slovakia
35. Slovenia
36. Spain
37. Sweden
38. Switzerland
39. Turkey
40. United Kingdom

18 countries from North America:

1. Aruba
2. Bahamas
3. Barbados
4. Bermuda
5. Canada
6. Costa Rica
7. Curaçao
8. Dominican Republic
9. El Salvador
10. Guatemala
11. Honduras
12. Jamaica
13. Mexico
14. Nicaragua
15. Panama
16. Trinidad and Tobago
17. United States
18. Virgin Islands

8 countries from South America:

1. Argentina
2. Brazil
3. Chile
4. Colombia
5. Ecuador
6. Paraguay
7. Peru
8. Uruguay

Refer to other articles for more crypto wallets

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Disclaimer: Digital Wallets News does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.