What is Coinbase?
Coinbase is one of the largest cryptocurrency exchanges globally, providing a secure platform for individuals and businesses to trade, store, and manage their digital assets. Founded in 2012, Coinbase has gained popularity for its user-friendly interface and commitment to regulatory compliance, making it a go-to choice for beginners and seasoned investors alike.
Coinbase offers various services, including a straightforward app for buying and selling crypto, advanced trading tools, and custodial accounts for institutional investors. Users can purchase popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin using traditional payment methods like bank transfers, debit cards, and sometimes even PayPal, depending on their location.
In addition to trading, Coinbase provides a secure wallet where users can store their assets. The platform uses strong security protocols, including offline storage for most funds and insurance coverage for digital assets held on the platform. Coinbase also offers Coinbase Pro, a platform with advanced trading options and lower fees that appeal to more experienced users.
Coinbase is a publicly traded company listed on NASDAQ, making it one of the most recognized names in the cryptocurrency industry. Its regulated status and global reach make it a trusted platform for those looking to enter or expand their involvement in the cryptocurrency market.
