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Coinbase Review – What to Know about the World’s Second-Largest Exchange

Coinbase is the world’s second-largest crypto exchange. This Coinbase review is a collection of all the prominent aspects and features of the platform that new or potential users need to be mindful of.

This is undoubtedly an impressive exchange. However, if you know the features and technologies it supports, you can make sure that it matches your criteria as well. Opting for an exchange that offers the kind of features that you are looking for is the best practice as it can simplify the overall crypto buying or trading experience.

Therefore, if you are interested in using the Coinbase exchange then you should check the features mentioned below first.

Coinbase Review – A Brief Introduction

Coinbase is one of the largest cryptocurrency exchanges in the world. However, the trading volume of the platform is not its only impressive aspect.

This exchange was launched in 2012 and it is one of the best options for traders, especially those who live in the USA. It is based in the States and has more than 43 million verified users. Coinbase extends its services to 100+ countries all around the world with billions of dollars traded every day.

This is an ideal platform for a vast audience, which includes new traders as well.

The information mentioned below will further highlight why this exchange is so prominent.

Security Protocols Implemented

“Is Coinbase safe?”, is one of the questions you need to ask before you start using the platform. This is an important question to keep in mind while searching for any kind of exchange. The safety offered by a platform should be your top priority because the crypto space can be an unpredictable place with unexpected cyber threats and failures.

Opting for an exchange that takes the security of its users seriously can mitigate the risks to a great extent.

This Coinbase review focuses on this aspect and specifies that it is one of the safest exchanges in the industry. It implements the use of high-end security protocols such as two-factor authentication (2FA) and also offers insurance of cryptocurrencies.

Moreover, the level of security offered by Coinbase is validated by the fact that is a fully licensed and regulated exchange.

Payment Methods Available

Before you start using a crypto exchange, you should also be aware of the payment methods it supports. This is crucial to know since buying or trading crypto can become easier if the platform supports the payment methods that are conveniently available for you.

The Coinbase crypto exchange is one such platform that does not rely on a single payment method but aims to make the experience as convenient as possible for all users. There are several payment methods supported by the exchange. These include the following:

  • Direct crypto deposits
  • Direct crypto withdrawals
  • Credit cards
  • Debit cards
  • PayPal
  • Wire transfers

Digital Assets Supported

The collection of cryptocurrencies available is yet another important aspect mentioned in this brief Coinbase review.

It is crucial that you are aware of how many digital assets are supported by a platform before you start using it. This can help you determine if the exchange supports the digital currencies that you are interested in.

If you want to use the Coinbase exchange then you should know the digital currencies supported by the platform include the following:

  • Algorand (ALGO)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Cosmos (ATOM)
  • Decenterland (MANA)
  • EOS (EOS)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Polkadot (DOT)
  • Ripple (XRP)
  • Stellar Limen (XLM)

Coinbase Pro

As per this Coinbase review, the exchange is suitable for new and experienced traders alike. This is thanks to the availability of features such as Coinbase Pro.

Coinbase Pro is an advanced version of the world-famous platform and is specifically designed for experienced traders and investors. This version features high-end trading tools that are required by the traders. It also supports a greater number of cryptocurrencies which is more than 50 and can be traded directly for:

  • Bitcoin
  • Ethereum
  • Fiat

Learn and Earn Feature

Another distinctive feature of the Coinbase exchange is its learn and earn feature. Coinbase is not only a platform where you can trade crypto, but it also an institution for newbies to learn about crypto trading.

There is educational content available for the users and they can also take online exams to determine how much information they have retained.

The aim of the exchange is to enable users to make use of the content available to them and then trade with basic strategies. This really sets apart Coinbase from other exchanges.

Key Takeaways!

This Coinbase review can be one of the most helpful things for people who are new to the crypto space and want to determine if using it can be beneficial for them or not. As an interested investor or trader, you should take a look at the details mentioned above before making a decision.



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