This medium of exchange was established in 2012 and has so far served more than 13 lakh traders.The total amount traded thorough this exchange is 40 billion US dollars. Withing 1 year. coinbase has started with the highest funds and has unabashedly become the largest exchange in the world.
Currently, @coinbase is available for trending in more then 32 country in Europe and north America. You can trade 6 different Creypto currencies including Bitcoin, Ethereum,Litecoin, Bitcoin cash on this platform.
In addition to buying and selling Creypto currencies,Coinbase offers coinbase fro (formerly GDAX-GDAX Platform). This platform allows professional traders to tred with foreign currencis such as BTC/USD etc. Other products such as coinbase asset manegmant, prime, paradox, Custody and Commerce offer are included.
Coinbase account opening process. The process of opening your new coinbase. First you need to be a citizen of any one country that supports coinbase.
Then follow the steps below :
Start browsing coinbase.com's website. Alternatively,you can download the free coinbase app from either coinbase. com or the google play stor or apple's app stor
Click sing up :
Here, you need to provide your name,email address and a password. Once this is done, you will have to choose between a business acount and a personal acount.
When done click Create acount.
Then log in to your provided e-mail acount and click on the link provided in the mail This link gives you coinbase
The coinbase acount will be taken to the home pege. This step is enough to prove the vaility of your provided e-mail address, you will then be asked to confirmed your phon number.
This is on of coinbase many ways to keep your acount secure with 2 levels of communication. However, there are other options, such as Google authenticator or duo, A message will be sent to your mobile number. Enter the massege code on the site.
Once your phon number is verified, you can choose the payment method of your choice. Generally, you need to choose between Coinbase USD Wallet, Bank Transfer and credit/Debit Card.Deposits are made instantly via USSD wallet and Credit/Debit cards.
You will need to provide a screenshot of the card to prove that the credit card is yours.
However, coinbase may cancel certain credit /debit cards that support cryptocurrency. Bank Transfers,on the other hand, can take 1 to 5 business days to arrive on your acount
Like most traders who like this option, you may be wondeing, is it safe to link coinbase with my bank acount? The platform is managed entirely throgh SSL encryption. This ensures that any information you sent (in this case bank acount details) will never be viewed illegally by a third pary
If you have enough money in your acount after completing the sing up procees, you can start trading on this platform. One of the best features of coinbase is that it inform s you about Chenges in the price of Creypto currencies.All you have to do is browse the various offers of Creypto,select what you want to buy and complete the translation.
How to trade coinbase :
Trending on this platform is quite easy.Click the rice's tab your acount. You will be taken to the list of received Creypto currencies. You will also be provided with a list of current Creypto currency prices and time of Cheng, Current market size and evan price chenges.
Select the Creypto currency you want to buy or sell and click the tred button. Creypto currency sales may not be supported in some countryes. In addition, you will be offered to purchase the top 5 Creypto currencies in coinbase's bond features.
The Creypto currencies Currently in coinbase bundle offer ar BTC,LTC,ETC,BCH and ETC
The proceess of receiving and sending Creypto currencies using coinbase :
Coinbase wallet allows you to purchase, deposit give and receive Creyptocurrencies. To send a Creypto, go to your acount and click the end tab then select the wallet you want to send from. Then enter the received address, amount and click on the end tab.
To accept Creypto, log in to your acount and select the wallet in which you want to take the coin. then you will be given a unique wallet address. This address will be used by the sender.
What does coinbase charge as a fee?
Coinbase chag a fee of 1.49% to 3.99% The amount of the fee will depend on your country of residence and the payment method. Deposit throgh bank transfers,coinbase wallet and SEPA transfer fees are dedicated at least 1.49% 3.99% deduction fot debit / credit card transfer.
No fee is dedicated for diposit using ACH Where 10 fee is dedicated fot wire transfer. withdrawals throgh SEFA are dedicated at a fee of 0.15% euros while a US Banks acount is dedicated at a fee of 1.49% minimum 0.15%
Withdrawals to your coinbase wallet will be cherged a 1.49% fee. whit 25 dedicated for withdrawals via wire tansfer. Network fees are dedicated on any third party wallet.
Is coin safe?
One of the common question trades have about any medium of exchange is whether it is safe. coinbase uses a variety of methods to keep all trade acounts and assest secure. The platform is based in the United States. which means thay have to operate under the worlds thoughest finacial regulatory body.
Thay have come a long way in insuring a maximum deposit of 250.000 in there US wallet. Some measurements have been taken to indicate that coinbase is the most secure Creyptocurrency exchange medium which includes the following.
Each acount is surrounded by 2 levels of security testing. This means entering your username and password, as well as specific codes sent to your phon or to third-party service providers Duo or Google authenticator.
in addition, coinbase will give you an alert every time your acount with a different ip address. Coinbase stor 96% of cusmars money offline, which ensures that traders money will be safe from any Online attack.
In addition, these funds are not stored in a single place. High value investor benefit from the multisig vault feature. this feature uses thee keys to secure your acount. One key is public and can be shared. coinbase remains with others. The last key is encrypted and issued to the treader.
At any time you want to transact, you must use your encrypted signal and use one of the other tow.One advantage of coinbase over many other exchanges is that they support fiat.This allowes you to make reciprocal cryptocurrency and fiat money..
In the case of USD acount manegmant their USD wallet will offer you. The exchange further confirmes that the amount deposit in this wallet is 250.000 Any sensitive information provided by the trader is completely discounted from the interest.
In addition in protects information from Online attacks.Now to get this benefit, coinbase will usually take some control over your cryptocurrency assets. These are diposit in the coinbase wallet which of course, made the video and overnight sensation.
But wallet offer several benefit. One of which is that it will give you access to decentralized exchange throgh which you can buy and sell tokens that are not offered on the platform.
Next, if you want complete control over your cryptocurrences,we recommend that you keep them in a different wallet outside of the coinbase platform.
How much can you transact on the coinbase platform :
You can open a coinbase acount with jast 50 US However, the medium of exchange restrics translation to the traders acount. This limitations will depend on you county, preferred payment method and verification location. For example, if you are a US citizen and have a fully verified acount, you can make translations above 50.000 per week.
If the payment method of your choice is bank transfer, you can apply for more translation coinbase's customar survice many independent traders.
Review of coinbase as a means of positive exchange.
You can now communicate with their customar service team via e-mail and chat.also them
Contact by phon. Their phon number are : +1(888)906-6930 for American /International clients and 0606 18 4635 fo UK client. their are allegations that it takes an long time for the customar service team to respond via e-mail
This is due to the platform sending too many service tickets in one day by the treder another common complaint is that there are answers that differ from the content asked. New treders usually find information on various produces,features and common question on the self Question Q&A page.
Coinbase is one of the many producetes on offer among other things.coinbase pro formally GDAX is a real time trending platform that offers experienced treders the opportunity to buy and sell.including Ecstasy paris limitations and order closure controls.The platform ofers 19 different Paris. including the top to cryptocurrencies aginst to currencies.
coinbase offers a lot of profit opportunities from competing platforms and this is useful only when you want to multiply the profit of your tred. if you are a coinbase users, you can easily upgrade to a pro acount. coinbase paradox Acquires coinbase Harmony paradox, a decentralized exchange medium and allows you to easily tread Ethereum 20 token
Coinbase E Commerce
This feature target investors and organizations with a minimum 100.000 is dedicated. coinbase security helps investors securely diposit their Creypto assest.
Protection of coinbase
This producet is specially designed for business which accept cryptocurrency payment, it's easy to set up and you don't charge a fee to pay A major adventege of coinbase commerce is that it is easy to shop and integrates with leading ecommerce platform like Magento.
Instant purchase from UK based banks :
Coinbase currencies UK traders will now be able to take advantage of the instant purchase feature from UK based banks which has been exposed to a lot of harmony. This feature allows you to send and receive money to your bank acount(no need to wait 3 to 5 minute like treaders in other countrise) Also using this feature you can easily convert cryptocurrency through other means including fiat.
Will coinbase monitor your acount?
Once you open a coinbase account and verify. you will have control over all your assest. However the platform has been the subject of much scrutiny for monitoring treaders acounts and translations.Since this medium of exchange is operated from America. thay have to make sure that every translation is legal.
They will usually monitor where the Creyptocurrency is sent. if the cryptocurrency used for illegal purposes. the treaders acount may be suspended.
The good side of coinbase
One of the largest Creyptocurrency exchange mediums,offering the 6 most popular coin implementations various security features to keep treaders acount and assets secure
Fiat adopts various payment methods including currency
There are different products suitable for different tranders and investor
The lower fees compare to many competitive exchange
Accessible via browser or smartphone application
The bad side of coinbase
User acounts are monitored regularly
Slow customar support response when using e-mail
You can trade within the transportation limits on a limited number of registery accounts
Conclusion
Without a doubt,coinbase is currently the largest coinbase cryptocurrency exchange in the world
Since its inception in 2012 the platform has been constantly revolving with new products and technology
One the strong points is that it emphasizes the security of the assets of the acount.
It's also vary easily accessible to new and experienced treaders
The platform offers a variety of products including wallets that deposite receive and transmit cryptocurrencies.
There is also a setback to the platform, which includes monitaring the acount of treaders.
But above all, from my detailed review, it can be said that it is the largest exchange medium for investors who wish to trad in major cryptocurrencies. Thanks everyone
Thanks dear giving about coinbase.