Read News For Me
If you are looking for a platform where you can buy, sell, store, and transfer digital currency securely, you surely need to know about coinbase. Coinbase is an open financial system where people can easily convert their digital currency into local currency and vice versa. Many applications on Coinbase are built-in API that offers a wallet, an exchange, and merchant tools.
Founded in June 2012, Coinbase is now one of the largest cryptocurrency exchanges in trading volume. The two core products of coinbase are GlobalDigital Asset Exchange (GDAX), which is for trading the digital assets, and are tail broker of Bitcoin Cash, Litecoin, Ethereum, Tether, and Bitcoin.
On Coinbase, one can access more than 30 cryptocurrencies at a low minimum to fund an account ($2). Coinbase Pro is a premium service which offers many advanced trading features including crypto to crypto transaction. Here, users can trade various cryptocurrencies like Bitcoin, Bitcoin cash, Cosmos, Celo, Uniswap, Ripple, EOS, Ethereum, Litecoin, Compound, Basic Attention Token, etc.
The most crucial feature of Coinbase, which is rarely seen in any cryptocurrency brokerage, is the insurance of its site for any sort of losses due to hacking. The company’s 98% of the customer funds are stored in offline cold storage, and it just holds 2% of the funds online that makes it relatively safe from online infringements. In case its online storage is breached, Federal Deposit Insurance Corporation still secures this storage.So, the insurance policy would pay out the losses.
Coinbase is one of the most trusted and secure platforms for cryptocurrency traders and crypto-to-crypto traders. The service at Coinbase is user-friendly and quick. One con of Coinbase is its high fees compared to the other platforms, but it rarely matters if you are getting a better and more secure trading option.