Coinbase Review 2022 | All You Need to Know about Coinbase Wallet
Coinbase has been around since 2012 and currently has over 20 million customers worldwide. Their popular wallet allows you to securely buy, use, and accept cryptocurrencies like Bitcoin, Ethereum, and more via a digital currency payment system and exchange.
Curious about Coinbase Wallet? Maybe you’re new to the cryptocurrency scene and want to learn more about the options available to you, or maybe you’re an experienced bitcoin trader who wants to understand the basics of this particular wallet before making any big investments. No matter which category you fall into, keep reading to learn all there is to know about Coinbase Wallet and why it could be an investment worth considering. Find out what you need to know in this Coinbase review!
What is Coinbase? | Coinbase Review
Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin (₿), Bitcoin Cash, Ethereum (Ξ), Litecoin (Ł) and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide. Coinbase serves as a digital wallet that allows users to store, send, and receive digital currency. The company also operates GDAX, an exchange platform for professionals. Launched in 2012 by Brian Armstrong and Fred Ehrsam.
What is coinbase wallet?
Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. The company is based in San Francisco and has raised $106 million from leading investors including Andreessen Horowitz, Union Square Ventures and Ribbit Capital. Since its inception in 2012, Coinbase has grown into one of world’s largest cryptocurrency platforms; it currently offers more than 30 different products for consumers and merchants to buy/sell/send cryptocurrency across 33 countries. But what exactly is Coinbase?
Why Choose Coinbase?
Coinbase is not a wallet; it’s an exchange. But don’t let that fool you! Coinbase has made a name for itself as one of, if not the most trusted cryptocurrency wallets and exchanges in existence. Its primary function is easy storage and transfer of coins between buyers and sellers. It also makes it easy for customers to purchase Bitcoin with their fiat currency (USD, EUR) through bank transfer or debit card payments.
Is It Safe To Use?
Cryptocurrency has grabbed a lot of attention recently. With reports of people becoming millionaires through cryptocurrency investment, many are looking for ways to get into it. Coinbase is one such way as it is an online wallet with a very user-friendly interface that allows people without much experience in cryptocurrency to use and trade them.
Coinbase is one of the most popular cryptocurrency wallets available today. It is safe and secure, but that’s not all. It also offers competitive pricing and has a variety of useful features that make it better than other cryptocurrency wallets out there. Plus it is insured by FDIC for up to $250,000 which means you are covered for any money lost by theft or hardware failure on your part. With those many benefits offered by Coinbase wallet you should definitely give it a try!
Coinbase Benefits & What Can I Do With Coinbase?
Coinbase is a cryptocurrency and e-wallet platform based in San Francisco, California. It has a wallet service for both individuals and merchants that allows users to buy goods with their digital currency holdings. Coinbase supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) as well as other digital currencies of ERC20 standard. In addition, it offers merchant tools that use Bitcoin or altcoins as a payment method by accepting payments in cryptocurrency.
These payments can be received not only via customers’ wallets but also directly into your account balance at Coinbase. Each customer can attach any existing bank account or credit card to his/her account and pay on behalf of their future clients. The most obvious thing you can do with Coinbase is buying bitcoin. From there, it’s easy to transfer your digital currency into a secure wallet on your computer or smartphone. Some wallets even give you a certain amount of insurance for any losses that occur due to problems with their service.
Mobile App & Supported Countries
Coinbase is a web wallet and mobile app. There are many options when it comes to storing bitcoin; however, its users have generally positive things to say about Coinbase. It’s simple and convenient option for people who want direct access on their mobile devices. The Coinbase mobile app supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). It is available for iOS devices and for Android devices. Apart from the U.S., all other countries in Europe, Canada, Singapore, Australia, and some countries in Africa can use Coinbase as well.
However, you cannot purchase cryptocurrency with credit cards or directly from a few countries using your Visa/MasterCard/PayPal accounts even if you are in a supported region via the Coinbase website. You can apply for a Coinbase debit card – which allows you to easily spend your cryptocurrency holdings in the real world – as it is backed by Visa.