Are you familiar with the famous cryptocurrency blockchain, Coinbase? If not, then you’re at the right place! We have explained everything about what is coinbase that you need to know.

Coinbase Global, Inc., branded Coinbase is an exceptional platform to exchange digital currency. You can buy, sell and trade cryptocurrency on coinbase. It has made the exchange of cryptocurrencies as easy as buying stock from an online brokerage. Let’s dig in deeper!

What is Coinbase?

The well-known cryptocurrency exchange platform coinbase is a large company having over 73 million users globally. It is estimated that Coinbase has $255 billion in digital assets on its platform. The initial version of coinbase was straightforward, but the coinbase Pro has advanced features for its users.

When Did it Start?

In 2012, coinbase was founded as a marketplace to trade cryptocurrencies freely. Coinbase has 2,700 employees worldwide, and it is growing day by day. The platform operates in more than 100 countries and trades about $327 billion per quarter. It has a robust ecosystem for cryptocurrencies, and they support about 9,000 financial institutions.

Currently, Coinbase has the massive support of dozens of cryptocurrencies and exchanges. Moreover, they have complete guidance available for you before starting the exchange of digital assets.

Cryptocurrencies Available on Coinbase

You will get about hundreds of cryptocurrencies on coinbase. They regularly keep on updating and adding new coins to their list. Here is a list of some popular cryptocurrencies available on Coinbase:

• Bitcoin (BTC)
• Ethereum (ETH)
• Cardano (ADA)
• Solana (SOL)
• Polkadot (DOT)
• USD Coin (USDC)
• Dogecoin (DOGE)
• Uniswap (UNI)
• Litecoin (LTC)
• Shiba Inu (SHIB)
• Algorand (ALGO)
• Stellar Lumens (XLN)
• Polygon (MATIC)
• DAI (DAI)
• SushiSwap (SUSHI)

What is the Fee Structure of Coinbase?

Currently, coinbase removed all its fee structure from the online help center service. Yet, when you enter the trading section of Coinbase, it shows the rate for trading. The fee depends on the size of the trade.

For example, if you make a trade of $10 or less, you have to pay $0.99. On trading, $10 to $25, the fee will be $1.49, and $25 to $50 will be $1.99. On the trade of $50 to $200, you have to pay $2.99 as a fee for Coinbase.

The Security Policy of Coinbase for its Customers

The digital asset platform considers the security of customer assets and uses modern industry-leading security practices. There is always a risk factor attached to digital assets, but Coinbase keeps 98% of its assets offline to keep them safe. Coinbase website uses bank standard encryption and security to make it easy for the customers.

Moreover, Coinbase uses two-factor authentication that helps you get informed if someone other than the user tries to log in to their account. Yet, you have to be considerate while trading online. After using thousands of security practices, there are cases where accounts got hacked, and people fell victim to it.

Final Verdict

Coinbase is an excellent platform for trading for both beginners and experts. It has the most accessible service available, and everyone can buy, sell and exchange digital assets efficiently. But the biggest downside that Coinbase has is its pricing and customer service. However, trading is straightforward on Coinbase, and you can learn it within minutes.