In a nutshell, Coinbase is the leading cryptocurrency exchange platform in the U.S. right now. It has become synonymous with Bitcoin; however, it has also expanded to include a large variety of cryptocurrency investing opportunities. This wonderful and advanced trading platform now has its own stablecoin and powers custodial accounts.
This Coinbase review believes that it is a crucial platform for anyone who is looking to get involved with or already is, involved with cryptocurrency. With extremely high traffic rates, trading volumes, and liquidity, this is the best platform for trading cryptocurrency, and it will remain that way in the coming years. Coinbase is proving to be the best platform for:
- Crypto traders and investors
- Those who want high liquidity
- Those who want maximum compatibility with other institutions
If you are looking to invest your money in cryptocurrency, Coinbase is the best option for you. As well as high-quality brokerage services, Coinbase also provides a custodial account for institutions, payment services, and has unveiled a stablecoin known as the USD Coin. This is linked to the value of the US dollar. It is certainly an interesting platform that will show its worth in the years to come.
The pros and cons of Coinbase
Coinbase is often seen as one of the pioneers when it comes to cryptocurrency trading. It was founded in 2012 and it has operated as a basic crypto exchange for almost ten years now. It has also since expanded to offer more than 30 different types of cryptocurrencies while also providing many other services.
With a large array of services that are very much desirable and the ability to store tokens, this is most definitely the number one platform in which to buy and sell cryptocurrencies, including Bitcoin. Let’s take a look at the pros and cons.
- $5 in free Bitcoin
- Simple interface
- High liquidity
- Large variety of coins
- High fees
- No control over wallet keys
Is Coinbase the right platform for you?
Basically, anyone will tell you that Coinbase is the ultimate cryptocurrency exchange, it isn’t hard to understand why. The fact that Coinbase recently became a publicly-traded company means it has hit the mainstream. This means that it has to work even harder than before to be able to successfully protect customers and their money.
Although the fees can become very high at times, these can be avoided by signing up for Coinbase Pro and selecting the right payment methods. The fact that they work to educate their users through Coinbase Earn is just another reason that this trading platform is succeeding. If cryptocurrency investing is for you, this platform is one that you definitely can’t afford to ignore.
Create an account with Coinbase today and get $5 in free bitcoin to get started.