Coinbase is an American cryptocurrency exchange platform that was co-founded by Brian Armstrong and Fred Ehrsam in 2012. You can buy and sell more than 200 cryptocurrencies with Coinbase and you can turn your everyday purchases into crypto rewards with the Coinbase visa debit card, which means that you can own crypto without actually buying it.
Coinbase 10 key point overview:
- Product offering
- How to open an account
- Payment methods
- Customer Support
- What makes Coinbase Exchange special
|📅 Year Founded||2012|
|🏛️ Founder||Brian Armstrong and Fred Ehrsam|
|🚀 Support||Live phone support|
|💰 Token||COIN tokenized stock|
|💳 Wallet||Coinbase Wallet|
|👥 Clients||98 mil+|
|🌐 Types of instruments||NFTs|
👉 If you are new to crypto trading, you can check out the beginner’s guides provided to learn the basics of trading.
👉 You can also earn free crypto by learning how specific protocols work and for each quiz you complete, Coinbase will reward you with free crypto.
👉 Coinbase also offers an exciting range of rare NFTs that you can collect and you can store your NFTs in your Coinbase wallet.
👉 While most other exchanges allow you to take out loans on cryptocurrencies, Coinbase allows you to take out cash loans if you use Bitcoin as collateral.
👉 Using your Bitcoin as collateral on Coinbase is a safe alternative to selling it in volatile markets and you can get cash without actually selling your Bitcoin.
👉 Let’s take a look at the products and features Coinbase offers and what you can expect as a client:
👉 The Coinbase exchange is suitable for both retail and corporate clients, as well as casual crypto enthusiasts and developers who are interested in using the Coinbase framework to build Web3 apps and crypto payment systems.
👉 If you’ll be signing up as an casual or retail client, click on the “Individuals” tab. Here, you will find more information about the Coinbase wallet, the Coinbase card, the NFT Marketplace, Derivatives trading and how you can earn free crypto.
👉 In this review, we’ll be focusing mainly on what Coinbase offers to casual and retail crypto traders, but businesses can benefit a great deal from Coinbase’s White-label solutions and Crypto infrastructure so we highly recommend checking out what’s on offer if you’re looking for ways to upgrade your business and be more innovative.
👉 First, let’s start with the Coinbase wallet. One you’ve created an account, you’ll need somewhere safe to store your NFTs and cryptocurrencies, so we recommend downloading the Coinbase wallet as soon as you’ve made your account.
👉 Once you have a wallet, you can safely store all your digital assets in one place and you can use this wallet to explore decentralized applications.
👉 If you are interested in buying and collecting NFTs, simply click on “NFTs” under the “Individuals” menu. You will be redirected to the NFT marketplace where you can browse thousands of NFTs, follow your favourite artists and build your own collection.
👉 You can also earn free crypto by completing quizzes and tasks and this is a great way for beginner’s to own their first cryptocurrency without actually buying it.
👉 If you want to learn the basics of crypto trading, click on the “Learn” tab and choose a topic from the drop-down menu that appears. You’ll find direct links to articles, tips and tutorials, crypto guides and market updates.
👉 You can also click on “Earn” under the “Individuals” menu or scroll to the bottom of the homepage and click on “earn free crypto” to jump to the courses that reward your free crypto.
👉 However, Coinbase Earn is not the only way you can earn more. You can also earn referral rewards, earn interest on your crypto and use the Coinbase cards to send crypto and US dollars anywhere in the world.
👉 Coinbase offers more than 200 cryptocurrencies and you can find a list of all the available assets by clicking on the “Explore” tab.
👉 Coinbase does not currently offer a native utility token, but you can buy Coinbase Tokenized Stocks, or COIN, which is a digital asset that mimics the price action of publicly traded stocks in this company.
👉 What this means, is that the COIN you buy will not be seen as a crypto asset, but will instead be classified as a Class-A common stock that will be traded on the Nasdaq Global Select Market.
👉 We recommend buying COIN from the Bittrex crypto exchange or FTX.
👉 Coinbase also offers a USD-pegged stablecoin that is redeemable for US Dollars on a 1:1 basis.
👉 The USD Coin is a collaboration between Coinbase, Circle and the CENTRE Consortium and Coinbase clients can exchange their USD Coins for US Dollars.
👉 It is an ERC20 token that can be used with any app or wallet that supports ERC20 tokens and it is a programmable digital dollar that can be used to buy digital assets and use dApps.
👉 USDC is available on Coinbase with the Ethereum, Solana, and Polygon networks.
👉 Coinbase offers a secure mobile wallet that you can use to browse and access dApps and store thousands of NFTs and cryptocurrencies.
👉 The Coinbase wallet is a self-custody wallet that gives you all the control and it can also be used to store Ethereum and Polygon NFTs.
👉 You can easily link your Coinbase wallet to your Coinbase account and this wallet offers additional layers of security to make sure your assets are protected.
👉 If you’ll be storing USD Coins, then any ERC20 compatible wallet can be used, but we recommend using the Coinbase wallet because of how secure and versatile it is.
How to open an account
You can easily create an account with Coinbase Exchange in a few easy steps.
Step 1: Visit the Coinbase website
Visit the official Coinbase to start the process of opening an account
Step 2: Click on the “Get Started” button.
To open an account with Coinbase, open the home page and click on the “Get Started” button.
Step 3: Fill in the form.
You can sign up with your email address and you will be required to fill in your personal details. Once you have created your account, you must verify your email address or mobile number.
Once your account is verified and complete, you can make your first deposit and start trading!
👉 Once you have created an account, you can fund your account and start buying cryptocurrencies. The payment methods you can use will depend on your region.
👉 Australian and Canadian customers can use debit cards, but Canadian customers can also use Paypal.
👉 If you live in Europe, the United Kingdom or the United States, you will also be able to use Paypal.
👉 Customers from the United States will be able to use Apple Pay, Google Pay, debit cards and wire transfers.
👉 For customers living in the United Kingdom, PayPal, SEPA Transfers and 3D secure payments are allowed.
👉 If you are living in European countries, you can also use SEPA Transfers, 3D secure, Apple Pay and Ideal/Sofort.
👉 Clients living in Singapore will be allowed to use debit or credit cards that support 3D secure payments.
👉 To find out more about the payment methods you can use and which payment methods are best for adding funds or making withdrawals, head over to the FAQ section and select your region from the list under “Add a payment method”.
👉 The Coinbase customer support team can be reached through live chat and direct email addresses and numbers are provided.
👉 To view their contact details, scroll down to the bottom of the home page and click on “Support” under the “Company” menu.
👉 Once you’re on the support page, scroll down and click on the “contact us” button.
👉 We recommend visiting the FAQ section where you will find detailed guides and tutorials to see if your questions have already been answered. You can find in-depth beginner’s guides on many different cryptocurrencies there.
👉 You can also use the search bar to find what you are looking for and read through the articles provided to learn more about managing your account and trading cryptocurrencies.
What makes Coinbase Exchange special
👉 We consider Coinbase to be one of the most trusted and most popular cryptocurrency exchanges in the industry.
👉 The Coinbase wallet is also one of the safest and most versatile wallets that you can use to store your NFTs, cryptocurrencies and other digital assets.
👉 Coinbase currently has more than 98 million clients worldwide and there are over 190 cryptocurrencies that you can buy and sell on the Coinbase Exchange.
👉 If you are new to crypto trading, you can learn about crypto and earn crypto for free with the Coinbase Earn program and beginner’s tutorials are provided.
👉 More experienced crypto traders can use a more advanced trading platform with additional tools and features using Coinbase Pro.
👉 Coinbase also offers a stablecoin that can be used to buy digital assets and use dApps, and it can also be converted to US Dollars and is a borderless digital dollar that can be sent to family and friends anywhere in the world.
👉 Open your Coinbase account today and head over to the rewards hub to see how you can earn more with Coinbase.