Coinbase Wallet

Coinbase is a beginner-friendly platform, simple and intuitive to use. Coinbase Pro, by contrast, can seem very complex, as it is designed for advanced …

What Is Coinbase — and How to Use It

Coinbase is the largest cryptocurrency exchange in the United States, a mainstream platform that is popular with new investors as well as long-term hodlers and traders. It was one of the earliest cryptocurrency exchanges, having opened in 2012.

With more than 68 million identity-verified customers, Coinbase is also one of the top exchanges in the world, offering its services in more than 100 countries.

Coinbase is a beginner-friendly platform, simple and intuitive to use. Coinbase Pro, by contrast, can seem very complex, as it is designed for advanced traders. Both offer substantial educational materials, appropriately aimed at the target customer.

They also offer some of the strongest security in the industry, from two-factor authentication (2FA) and biometric verification to institutional-grade cold storage that keeps 98% of its assets offline and best-in-class insurance.

How Does Coinbase Work?

It’s pretty simple for the base account: sign up, provide proof of identity, fund your account with as little as $10, start trading.

Coinbase’s reputation is enough that when it lists a new cryptocurrency, a price bump generally occurs.One problem Coinbase has not been able to overcome is its history of outages when the price of Bitcoin spikes or crashes, creating a trading frenzy that dramatically ups transactions across the crypto space.