Coinbase Review – Why Should you Consider this Exchange?

Coinbase Review

In 2009, Satoshi Nakamoto launched the world’s first cryptocurrency called Bitcoin. No one could have anticipated that it would spawn an entire market that would be worth trillions of dollars in over a decade. Yet, this is exactly what has happened and these digital currencies are changing the entire financial market landscape. As cryptocurrencies continue to grow in popularity, a greater number of exchanges are being established for buying, trading and selling these virtual currencies. This Coinbase review is aimed at highlighting what this exchange offers to its users.

Even if you are new to the crypto space, you will hear the name of Coinbase, as it was the first exchange to be established in the United States and is one of the largest exchanges in the world. It was launched in San Francisco just three years after the creation of Bitcoin in 2009 and it is renowned for its liquidity, traffic and trading volumes. Not only does it work as a crypto exchange, it also provides custodial services to institutions for crypto storage, a crypto payments platform for businesses, along with its own cryptocurrency known as USD coin, which is backed by US dollars.

If you are wondering why you should sign up with Coinbase, here are some solid reasons to consider it:

The cryptocurrency selection

One of the first and most notable reasons for people to consider opening an account on Coinbase is the extensive selection of cryptocurrencies that the exchange has to offer. There are more than a 100 cryptocurrencies that you will find at your disposal here and this is diverse enough to suit even the most hardcore crypto trader. You will have the opportunity to trade some of the most popular cryptocurrencies, such as Bitcoin, Ethereum, Cardano, XRP, Solana and Cardano, along with a dozen others that are newer and have a lot of potential.

Not many exchanges out there allow their traders with access to such a variety of cryptocurrencies. This feature enables Coinbase users to diversify their crypto trading portfolio easily, which helps them minimize their trading risks and also boost their crypto returns.

Crypto custody

Another feature that distinguishes Coinbase from the rest of the exchanges in the market is that it enables its clients to take custody of their crypto assets. You will discover that Coinbase has its own wallet, but it also allows its users to bring their own wallet if they want. This gives you room to choose the solution that fits your needs in the best possible way. This is undoubtedly different because many platforms do not allow their clients to do so.

Staking rewards

This is another solid reason for you to think about signing up with Coinbase when you have some digital assets you are not using. Staking is very similar to how people earn interest via bank accounts, but the risks are different. You can deposit your holdings with Coinbase and they will be used for generating an income by validating transactions. The exchange shares the rewards it gets with you. Currently, you can only engage in staking with a handful of cryptocurrencies, including Tezos and Ethereum. All technical details are handled by the exchange and you get to keep a share of the profits.

Insurance

According to Coinbase, all of the cryptocurrency that it holds online on behalf of its clients is insured. The exchange has disclosed that less than 2% of client funds are kept online and the remaining are deposited in offline cold storage, which protects them from potential online breaches.

Mobile app

One of the best things about Coinbase is that it allows its clients to manage their accounts on the go through mobile apps for both Android and iOS ecosystems. You can download the app on your respective device and buy, sell and trade cryptocurrencies of your choice, no matter where you are.

Bottom Line

Considering the features and offerings of Coinbase, it can be an excellent choice for anyone who wants to have a seamless experience in investing in crypto.

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