There are a number of Coinbase Reviews which have come before this and in all these reviews more and more issues both positive and negative have been exposed about Coinbase. At that point, we are tempted to ask yourself what actually coinbase is. Coinbase is one of the cryptocurrency trading platforms which suits the beginners well unlike other platforms meant for the pro users. Coinbase allows the beginners to sell their cryptocurrencies through direct bank transfers, credit and debit cards. With these payments systems, it makes it easier for the beginners to learn trading and buying or selling bitcoins. The most amazing thing about Coinbase is that it supports more than 10 million consumers. More than $50 billion worth of transactions have been made so far over 32 different countries in the world.
Small but crucial fundamentals to be aware of about Coinbase
With just an app that can be installed in your device, you can start trading using Coinbase. With these apps, you can trade using whatever cryptocurrency you think is best for you. For instance, they accept Bitcoins, Litecoin and Ethereum. Sources have it that they are planning to add more coins for sale soon. The transaction fees are varied and they depend of factors such as the size of transactions and the method of transfer. When using this platform, therefore, you ought to be careful when choosing the right method of payment and the method of payment
To open an account with Coinbase, you need to submit details such as you name and your email address. You will also be required to verify your phone and then make payments. Then you will be ready to start trading. This has also been shared in other previous Coinbase reviews. To make payments, you will need to do it through credit or debit cards as well as using US Bank Accounts.
How reliable is Coinbase
In terms of reliability, Coinbase is a more reliable platform due to the fact that there are a lot of information which is crucial in making there users feel like they are in safe hands as far as security of their funds is concerned. It has just like other platforms invested in the use of encryption techniques which make it almost impossible for hackers to access ones account hosted through the platform. It has a 2-factor authentication which ensures that you have to go through a series of steps before accessing the account resources. Besides, whenever your Coinbase account is accessed from a different IP address, the system automatically notifies you through the email of phone number. It is a legitimate financial platform since it is regulated by the Bank Secrecy Act and they abide by the US federal and state laws.
Who is eligible to have an account with Coinbase?
The main factors which determines whether you are eligible to use Coinbase is determined by your age as well as your location. If you are based within the scope then you are good to go. The following areas are covered by Coinbase: US, UK, Australia, Canada, Singapore and some of the European countries. Sadly, those people living in Australia and Canada may not sell but buy only. For more information on Coinbase Reviews please visit vkool.com
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