What Is Coinbase in the World of Cryptocurrency?

Stack of cryptocurrencies. Bitcoin and most important cryptocurrency concept

Cryptocurrency is the thing taking investors by storm, and others on a wild roller coaster ride. 

With the rise and fall and rise again of crypto, some of you have probably been curious enough to ask where you can get your hands on cryptocurrency. 

Well, one of the top options out there to do this is Coinbase. But, what is Coinbase? How does it work? Why does it play such a big role? 

Keep reading below to find out what you should know.

What Is Coinbase? 

Coinbase is a cryptocurrency exchange platform where you can buy, sell, and exchange cryptocurrency. It is an exchange that has over 50 different crypto coins available to exchange and Coinbase had an initial value of $100 billion.

It is also an exchange that has over 68 million verified users from over 100 different countries, so it is safe to say that it has a global impact. Coinbase is widely considered to be one of the best exchange platforms out there and the one with arguably the most brand recognition. 

What Does Coinbase Offer? 

Coinbase offers you the ability to buy, sell, and trade over 50 different cryptocurrencies. For those of you that are new to trading, it also provides a blog series with introductory articles explaining what the platform is, what cryptocurrency is, and going over some of the more popular currencies. 

They make it very easy for a beginner to get started while offering enough security on their platform for users to feel comfortable providing financial information such as bank accounts and credit cards to verify payment methods. 

Of course, there are fees to use the platform, but they are very transparent and upfront so you know what you are getting into. Overall, Coinbase is known for being user-friendly and accepted by several credited businesses to support cryptocurrency payment methods. 

What Can You Buy on Coinbase? 

You may have seen that there are 50 cryptocurrencies, but what does that mean to you if it is not the one that you are looking for?

Coinbase does offer some of the more popular coins on the market. The best cryptocurrency to buy is coins like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, and more. 

Plus, there is a wallet tool that allows you to store whatever crypto that you end up buying. This can be essential for being able to access something like a BTC ATM near me

You need to have a crypto wallet to be able to access any BTC from an ATM. This is where something like Coinbase comes in, and can increase your options for where to buy cryptocurrency. 

Having some of the most popular cryptocurrencies and making those a little more accessible to bank accounts and ATMs are some of the functions that make Coinbase stand out. 

Read More About Finance

So now, if you were asking “what is Coinbase?”, then you should have a better idea of how it works and why it means so much to cryptocurrency. 

Do you want to explore more in the world of finance? Check out our articles for a wide variety of topics on all things finance. 


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