Our number one priority is to inform our readers by giving honest reviews of the top cryptocurrency exchanges. Only exchanges that meet our safety, security and liquidity standards are eligible for review. They must also be regulated by an agency or fully decentralised. This allows potential cryptocurrency investors to make better and more secure decisions. If you want to buy cryptocurrencies, or coins with fiat money (USD and EUR), Coinbase could be the right exchange. This Coinbase review will cover the basics of Coinbase. We’ll explain what Coinbase is, how it works and its advantages and drawbacks. Let’s get started!
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Coinbase Review
Coinbase is one of the world’s largest crypto exchanges, with over 56M verified users. It is used to enable secure, instant, and easy payments for sellers, buyers, and collectors around the globe. It also allows users to transfer their balances from one wallet to another across many currency pairs. But does it have all the bells and whistles that people may be looking for? Is it secure?
Key features of coinbase
Let’s discuss its main vital features in our Coinbase review
API Service For Developers
Coinbase provides a platform for developers that allows them to create APIs which record historical price information as well as real-time data on Coinbase supported cryptocurrency.
Debit Card Payment
A debit card programme is also available on this exchange. For anyone who trades, this is a huge plus. The system is currently set up so that you must use your bank account to buy a stake. Even if you are successful, the process could take several days or weeks. Now, you can use your debit cards to make purchases from any location.
Mobile App Available
The most exciting feature of the Coinbase platform is its mobile app. Users can trade from their laptops, smartphones, and even tablets. It works in a very simple manner. All you need to do is download the app, provide the phone’s information (including payment information) and you’re done.
The company has partnered with a massive mobile service provider, which will enable it to provide users with a mobile app that includes all the features mentioned above. The company’s mobile app has been downloaded by hundreds of thousands of people, so it should be no surprise that it receives such high ratings from both consumers and business professionals.
Able To Add Funds
One of the unique features of the app is you can fund your account using your debit card. If you’ve ever made payments using your debit card online, then you know how time-consuming and confusing it can be. Many sites have attempted to simplify this process, but only a few have been successful. Yet, Coinbase does it much better. When you finally add funds to your account, it is a very painless process.
Low Transaction Fees
Another important feature of the platform is the low transaction fee structure. Since you are using your credit or debit card, you should not pay any extra fees. This is particularly true when you consider that you can choose what types of assets you want to trade on the platform. You can choose between any number of currencies and any mix of asset types. The only thing you have to keep in mind when using the Coinbase platform is to have an active investor account to take advantage of the low transaction fee structure. If you do not have an active investor account, this low fee structure will not apply to you.
Low Charges On Withdrawals
Fees charged when you make withdrawals or make deposits are also very low. There is even no monthly fee when you use the platform, which saves you a lot of money. All these savings are applied directly to your account, so your bottom line profits are increased. Withdrawals and deposits are processed within one to three business days, which means you will always be able to have your investments available to you.
Read Also: Binance Review 2021 : Is It The Right Place For You To Trade?
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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The pros and cons of Coinbase
Coinbase is a user-friendly platform. The company has spent time and money optimizing the user experience. However, you do not have complete control over your currency, and all transactions are recorded.
- User Interface 9
- Customer Service 8
- Performance 8
Coinbase is currently concerned with expanding its customer base instead of maintaining its current client base, as indicated by the quantity of unfavorable feedback they receive. Yet, if you don’t have any issues, the pricing is affordable.
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