In the current digital epoch, safeguarding one's financial well-being has metamorphosed into an intricate endeavour. The lightning-fast proliferation of online financial ecosystems, the meteoric rise of digital currencies, and the seamless infusion of technology into our daily existence have precipitated an urgent demand for fortifying our economic foundations within this perpetually shifting landscape.
You can buy, sell and trade over a hundred cryptocurrencies on the Coinbase review platform, including Bitcoin, Ethereum, and Dogecoin. Over 98 million people use Coinbase and have assets worth $256 billion.
When getting started with cryptocurrency, most people find the original Coinbase site to be the most user-friendly for placing buy and sell orders. Coinbase Pro, available to all Coinbase users, adds a ton of advanced features and new order types for more experienced customers of the service.
General description of the company
2012 Coinbase, a Bitcoin exchange platform, opened its virtual doors. Today, more than 4,900 people work for organizations worldwide and support dozens of different cryptocurrencies. Coinbase is entirely decentralized.
Over one hundred countries are represented on Coinbase, with quarterly customer transactions amounting to nearly $309 billion. Over 13,000 banks and other financial institutions are served by the vast Bitcoin ecosystem managed by Coinbase.
In addition to the cryptocurrency wallet service, Coinbase operates two exchange platforms. Everything you need to create and manage a Bitcoin wallet or trading strategy can be found in Coinbase's tools.
Coinbase cryptocurrency list
Coinbase currently facilitates the trading of over 100 different cryptocurrencies and adds more coins regularly. We can't list them all, but here are some of the most traded currencies on Coinbase: You can trade 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 (XLM), Polygon (MATIC), Dai (DAI) and SushiSwap (SUS) (SUSHI)
As already said, the corporation supports not one but two platforms: Coinbase and Coinbase Pro. Each makes buying, selling, and trading cryptocurrencies easy, but each does so uniquely.
Anyone with even basic computer skills can easily use the Coinbase trading platform. You can access Coinbase on your computer, Android, or iOS mobile device. The process is comparable to trading stocks through an online brokerage house.
Your Coinbase holdings are displayed in a convenient dashboard widget, and you're constantly at most three taps away from buying or selling currencies.
To ensure the safety of customer funds and assets, Coinbase employs best-in-class security measures. However, users should take precautions to protect their Bitcoin accounts by following standard online security protocols.
It is worth noting that cold rooms store 98% of customer assets in a distributed network of safe deposit boxes worldwide, with digital and paper backups. Its website is encrypted and secured at a level comparable to a bank's. In addition, further two-factor authentication is required for all accounts to reduce the likelihood of unauthorized account access.
A Coinbase account can be opened in a comparable amount of time to set up an online banking or trading account. If you want your account to be fully verified, enter some identifying information, such as your social security number.
Maintaining contact with clients
One of the biggest complaints people have about Coinbase is the quality of the customer service. Since contacting an individual on Coinbase is difficult, you should treat it as a self-service platform. The Coinbase help page, email support tickets, automated phone system, and chatbot are all formally supported customer support channels.
A happy clientele is the norm when everything is working as planned. However, sometimes things don't go as planned, with customer ratings pointing to a lack of help dealing with fraud, account hacks, and account bans.
Where Coinbase stands among competitors in the cryptocurrency market
New players are constantly entering the cryptocurrency market. You can also manage your bitcoins outside of a centralized platform like Coinbase. Gemini, Binance, KuCoin, Kraken, and many more pose enormous challenges for Coinbase.
Cryptocurrency enthusiasts often use several exchanges and wallets to maximize market access, keep their assets safe, and minimize transaction fees.
Investopedia's mission is to provide reliable information on investing in cryptocurrencies so that readers can confidently do so. We aim to objectively evaluate the best cryptocurrency exchanges for investors of all experience levels.
Various factors were considered, such as the exchange's reputation, ease of use, fees, and the number of cryptocurrencies available. In addition, we wondered whether the market is managed by a central authority or not and whether it is entirely decentralized. We invite you to familiarize yourself with our entire process of evaluating cryptocurrency trading platforms, including our evaluation criteria and the weighting of various factors.