How to use Coinbase?
Coinbase was Founded in June of 2012, Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin. We're based in San Francisco, California.
Bitcoin is the world's most widely used alternative currency with a total market cap of approximately $3.5 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world.
Coinbase is the world's most popular way to buy, sell, and use bitcoin. Create a bitcoin wallet where you can securely store bitcoin. Connect your bank account so that you can exchange bitcoin into and out of your local currency. Buy your first bitcoin to begin using the future of money.
Coinbase has three core products: an exchange for trading bitcoin and fiat currency, a wallet for bitcoin storage and transactions, and an API for developers and merchants to build applications and accept bitcoin payments. The company offers buy/sell trading functionality in 25 countries, while the wallet is available in 190 countries worldwide.
The exchange can be funded through a bank transfer or wire, and trades on the exchange have a maker/taker price model in which traders pay either a 0.25% fee (taker) or nothing (maker) to execute trades.With Coinbase, bank transfer transactions can take up to 5 business days and may come in increments. Coinbase is limited on amount that can be bought dependent on level of verification.
If you are gambling, sports betting, casino, poker ect then do not use coinbase. They prevent the the withdrawal to known bitcoin addresses associated witth such sites. Perhaps they have legal reasons which we can understand, however this action is against the concept of bitcoin, where you have freedom of speech in regards to transactions.
Coinbase is the most well known exchange in the USA. It is clear
who owns the exchange and they are in compliance of current regulations.
Recently they attracted some really big investors. Coinbase is easy
to use for turning fiat (dollar$) into bitcoin. Coinbase is not really
built for day trading.
Ease of use
Coinbase is easy to use and the verification process is straight forward
Security
There have been no major security breeches and they have paid large
bounties for people that found security issues. There is a unconfirmed story going around about an email database that was stolen, but this is still unconfirmed.
Trust
Coinbase is solvent, they have big investors and don’t look like they are in any danger of going bankrupt. The exchange is a US based company and they are in compliance
of all current regulations.
Anonymous
No, you have to verify your account
Day Trading
Coinbase is not set up for day trading
Altcoins
You wont find Litecoin or any other altcoins here.
Ease of use: A+
Security: A+
Trust: A+
Anonymous: No
Day Trading: C
