You may buy, sell, and trade over a hundred different cryptocurrencies on the Coinbase review platform, including Bitcoin, Ethereum, and Dogecoin. Over 98 million people use Coinbase and have $256 billion in assets.
When first getting started with cryptocurrency, most people find the original Coinbase site to be the most user-friendly for making buy and sell orders. Coinbase Pro, available to all Coinbase users, adds a slew of advanced features and new order types for the service's more experienced customers.
General Description of the Company
It was in 2012 that Coinbase, a Bitcoin exchange platform, opened its virtual doors. Today, over 4,900 people work for the organisation across the globe, and it supports dozens of different cryptocurrencies. The Coinbase company is entirely decentralised.
More than a hundred nations are represented on Coinbase, and quarterly customer trades amount to almost $309 billion. Over 13,000 banks and other financial institutions are supported by the extensive bitcoin ecosystem managed by Coinbase.
As well as its cryptocurrency wallet service, Coinbase operates two exchange platforms. Everything you need to create and manage a bitcoin portfolio or trading strategy can be found within Coinbase's array of tools.
Cryptocurrencies Coinbase Listings
Coinbase currently facilitates the trade of over 100 different cryptocurrencies and regularly adds more coins. We can't possibly list them all, but here are a few of the most traded coins on Coinbase: You can exchange Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), Polkadot (DOT), USD Coin (USDC), Dogecoin (DOGE), UniSwap (UNI), Litecoin (LTC), Shiba Inu (SHIB), Algorand (ALGO), Stellar Lumens (XLM), Polygon (MATIC), Dai (DAI), and SushiSwap (SUS) (SUSHI)
Expertise in the Market
As was just said, the corporation operates not one but two platforms: Coinbase and Coinbase Pro. Each facilitates the buying, selling, and trading of cryptocurrencies, but each does so uniquely.
Anyone with even rudimentary computer abilities may easily use Coinbase's trading platform. You may access Coinbase on your computer, Android, or iOS mobile device. The process is comparable to that of trading equities through an online brokerage.
Your Coinbase holdings are shown in a convenient dashboard widget, and you're never more than three taps away from buying or selling currencies.
Security
To ensure the safety of customer funds and assets, Coinbase employs best-in-class security measures. However, users should take precautions to protect their bitcoin accounts by adhering to standard online security protocols.
Notably, cold storage is used to hold 98% of customer assets in a distributed network of safe deposit boxes throughout the world, with digital and paper backups. Its website is encrypted and secured to a level comparable to that of a bank. In addition, further, two-factor authentication is required for all accounts to reduce the likelihood of unauthorised access to your account.
Signing Up for Coinbase
A Coinbase account can be opened in a comparable amount of time as it takes to start an online banking or trading account. If you want your account to be fully validated, you'll need to input some identifying information, such as your Social Security number.
Maintenance of Contact with Customers
One of the biggest complaints people have about Coinbase is the quality of their customer support. Since it's tricky to get in touch with a natural person on Coinbase, you should treat it as a self-service platform. The Coinbase help page, email support tickets, an automated phone system, and a chatbot are the formally supported channels for customer service.
Satisfaction of the Customer
A satisfied clientele is a norm when everything functions as planned. However, there are times when things go differently than planned, and customer evaluations show a lack of assistance in dealing with issues like scams, account hacks, and account lockouts.
Where Coinbase Stands Among Competitors in the Cryptocurrency Market
New players are constantly entering the cryptocurrency market. You can also manage your bitcoin holdings outside a centralised platform like Coinbase. Gemini, Binance, KuCoin, Kraken, and many others all provide formidable challenges to Coinbase.
Cryptocurrency fans often utilise a few different exchanges and wallets to maximise their access to markets, ensure the safety of their holdings, and minimise transaction fees.
Methodology
Investopedia's mission is to provide reliable information about investing in cryptocurrencies so that readers can confidently do so. Our mission is objectively assessing the best cryptocurrency exchanges for investors of all experience levels.
Various factors, such as the exchange's reputation, ease of use, fees, and quantity of cryptocurrencies accessible, were considered. In addition, we thought about whether or not a central authority governs the market or whether or not it is entirely decentralised. You are welcome to look at our entire process for evaluating cryptocurrency trading platforms, including our evaluation criteria and how heavily various factors were weighted.
