Coinbase is a secure cryptocurrency exchange platform which allows buying, selling and storing virtual currencies. It was founded in June 2012 by Brian Armstrong, who is the board chairman, and Fred Ehrsam. The headquarters of the exchange is located in San Francisco, California. As of today, the company acts as an intermediary in the exchange of cryptocurrencies such as Bitcoin, Ethereum and Litecoin for fiduciary currencies in 32 countries around the world.
Bitcoin transactions and cryptocurrency storage are possible in as many as 190 countries. On a daily basis, Coinbase serves more than 20 million users, and the money circulation exceeds 150 billion dollars, making it one of the largest US crypto-exchanges.
Depending on the advancement and individual customer's needs Coinbase offers a wide variety of products. It includes:
For all consumers:
- Consumer
- Toshi
- Earn.com
For business:
- Commerce
For advanced traders:
- Pro
- Asset Management
- Parades
For institutions:
- Prime
- Custody
Coinbase enables cryptocurrency exchanges for every type of consumer. For example, Toshi serves as a cryptocurrency wallet, but also as an Ethereum browser which provides universal access to all financial services. And thanks to the earn.com tool you can earn Bitcoins by answering emails and performing certain tasks.
Coinbase is quite often recommended for new Bitcoin fans as one of the easiest ways to acquire BTC - the American company invested a lot of money and time to make new users familiar with the platform, and to ensure that using it would be easy and intuitive.
The well-developed banking partnerships allow making transactions via EFT payments and ACH/SWIFT/SEPA transfers. The basic credit cards and PayPal have also been introduced recently.
Coinbase is the first cryptocurrency exchange to receive legal approval in the United States. It also uses safety means such as AML (Anti-Money Laundering) and KYC (Know Your Customer) used widely by all the banks around the world. So, if you want to create an account on this platform you will need to provide a lot of information that will be used in the process of identification.
In the Coinbase - a cryptocurrency exchange category you will find a lot of valuable information about one of the largest and most popular online cryptocurrency platforms in the world. Daily news and important information about the functioning, development, and changes of the platform will help you make the right investment decisions and help you decide whether it is worthwhile to start your adventure in the world of virtual tokens together with Coinbase.
CEO of Binance exchange, Changpeng Zhao, also spoke on the subject of criticism of cryptocurrencies by politicians. In his opinion, the mere fact that the president of the US was interested in the subject has a positive impact on the industry.
