![CoinBase: The Best Platform To Invest In Bitcoins And Cryptocurrencies [Updated 2023]](https://cdn.blogarama.com/images/posts_thumbs_site_id/14220/1422006-4235927654.jpg "CoinBase: The Best Platform To Invest In Bitcoins And Cryptocurrencies [Updated 2023]")
CoinBase: The Best Platform to Invest in Bitcoins and Cryptocurrencies [Updated 2023]
CoinBase has become, with more than 108 million users in the world, (data from January 2023) the main cryptocurrency exchange platform. The portal is a safe on-ramp for new cryptocurrency investors: it offers a wide variety of products including more than 25 cryptocurrencies, an advanced trading platform, a retail investor wallet, and its own US dollar stablecoin.
When it was founded in 2012, Coinbase only allowed trading in Bitcoins, but it quickly began adding cryptocurrencies that fit its decentralized criteria. Currently its list has expanded to include Ethereum, Litecoin, Bitcoin Cash, XRP and other assets that offer collateral. The portal currently works with more than 10,000 institutions and 185,000 ecosystem partners in more than 100 countries.
Its operation is similar to that of other platforms of this type, allowing us to buy, send and receive bitcoins in a simple way with the advantage of having one of the most secure systems in the world.
Although it is always advisable to store a large part of our cryptocurrency capital in an offline wallet, we will always need an online one where we can carry out transactions to send and receive payments in an agile way.
For those of you who are used to processors like PayPal, you won't have any problem assimilating how it works in just a few seconds. For others, here is a small guide with everything you need to know about these platforms.
When it was founded in 2012, Coinbase only allowed trading in Bitcoins, but it quickly began adding cryptocurrencies that fit its decentralized criteria. Currently its list has expanded to include Ethereum, Litecoin, Bitcoin Cash, XRP and other assets that offer collateral. The portal currently works with more than 10,000 institutions and 185,000 ecosystem partners in more than 100 countries.
Its operation is similar to that of other platforms of this type, allowing us to buy, send and receive bitcoins in a simple way with the advantage of having one of the most secure systems in the world.
Although it is always advisable to store a large part of our cryptocurrency capital in an offline wallet, we will always need an online one where we can carry out transactions to send and receive payments in an agile way.
For those of you who are used to processors like PayPal, you won't have any problem assimilating how it works in just a few seconds. For others, here is a small guide with everything you need to know about these platforms.
Note: You can consult the ranking that we have made of the best Cryptocurrency Wallets considering exchange rates, security and online trust.
Tip: Coinbase currently offers paid tutorials for its users. With these tutorials, by answering a few simple questions after watching the tutorials you can win the equivalent of $20 in cryptocurrencies. In addition, by opening a Coinbase account with a referral link like the ones I have put in the article, you can earn $10 when you buy or sell $100 in cryptocurrencies.
Open a CoinBase account
AND earn $10 (8.33 Euros) when you buy or sell $100 worth of cryptocurrency
1. Features of CoinBase
- Management: Founded in June 2012, Coinbase is an electronic wallet and digital exchange platform that is headquartered in San Francisco, California. They have received more than $200M from investors including funds from BBVA and other international banks.
- Rating: 9.85/10
- Language : Spanish, English, French, Italian, Portuguese...
- Location: San Francisco, USA
- Ease of use: 100%
- Online Trust: A+
- Bitcoin purchases with: Credit card and bank transfers
- Currencies: Cryptocurrencies, USD, Euros, Pounds
- Available cryptocurrencies: Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin and 25 other cryptocurrencies
- Countries accepted: International, more than 30 countries
- URL: coinbase.com
2. What is Coinbase?
Coinbase is considered the most important platform for buying and selling virtual currencies or cryptocurrencies at an international level (and especially in the United States).With CoinBase we will have the possibility to send, receive and store cryptocurrencies (Bitcoins, Litecoin, Ethereum or Bitcoin Cash among them) in a fast, simple and safe way. And on the other hand, we will also have the option of exchanging our cryptocurrencies for conventional currencies such as the dollar or the euro, which in turn we can transfer to our bank account and/or to a credit card with very low commissions.
It is a very comfortable platform for users since it basically includes all the necessary services to move freely in the world of cryptocurrencies on the same platform.
Throughout its more than 5 years of life, Coinbase has not stopped growing and adding new features to its platform, and for this reason such important companies as the BBVA bank have invested millions of dollars in the project.
3. Is Coinbase Secure?
Coinbase is the world's largest Bitcoin exchange, so this is a fairly common question. And precisely this is one of the aspects where the company places more emphasis (and one of the great advantages over its competitors). To ensure security, 90% of the funds accumulated on the platform are stored offline, away from any hacker attack.The page is HTTPS and encrypted with SSL, as well as adding AES-256 encryption on all wallets. As if that weren't enough, all CoinBase employees have to pass a thorough background check process before they can work for the company.
In any case, if you want to add even more security to your CoinBase account, I advise you to use the two-step authentication option that the platform makes available to users. In this way, to access your account, you will have to use a username, a password, and an SMS verification code. To activate this option, you will have to go to the "Settings" tab within your user account.
4. Is Coinbase Available in your Country?
Currently, Coinbase is available in more than 100 countries, including Spain, the United States, Mexico, Argentina, Chile, Colombia, Ecuador, Peru, Paraguay, Brazil, Colombia, Uruguay, Andorra, the Dominican Republic, Honduras, Panama, Nicaragua , Guatemala, El Salvador, Costa Rica, Bahamas, United Kingdom, Canada, Singapore, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta , Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Sweden, Switzerland....In total 39 European countries, 18 North American countries, 8 South American, 20 Asian countries, 13 African countries and 1 from Oceania.
5. What Payment Methods do you accept?
As we have seen above, Coinbase is available in more than 100 countries. The available payment methods depend on your country of origin. In general it can be transferred from a bank account and credit and debit cards. In the United States you can now transfer funds from Paypal as well .
*Transactions between Coinbase users are completely free. Sending and receiving Bitcoin, Litecoin and Ethereum between different accounts is free of charge as long as the amount is greater than 0.0001 BTC.
** Rates 2018. For the purchase and sale of cryptocurrencies using the balance of our account, the applicable commission is 1.49% in Europe. In case of buying directly by debit or credit card, the commission is 3, 99%
In the case of transferring Coinbase balance to our bank account, the applicable commission is 1% (+€0.15 for European users at the time of withdrawal).
Depending on the country and the currency with which you work, these figures may vary. In this link you can get all the updated information about CoinBase fees and commissions.
Register and get 10 dollars for free
To register, you only have to fill in your name, surname and email address. As usual. I advise you to put your real data, since it is a platform that will ask for data verification to transfer the money. Once the form is completed, we will receive an email with a confirmation link.
| Payment method | countries | Availability | Currency | Rates* |
|---|---|---|---|---|
| Wire transfer | deer | 5-7 days** | USD | 1.49% |
| Credit debit | deer | Instant | EUR | 3.99% |
| Credit debit | Canada | Instant | CAD | 3.99% |
| SEPA transfer | Europe | 1-3 days | EUR | 1.49% |
| Credit debit | Europe | Instant | EUR | 3.99% |
| Credit debit | UK | Instant | GBP | 3.99% |
| Transfer Xfers | Singapore | Instant | SGD | 1.49% |
| Credit debit | Australia | Instant | AUD | 3.99% |
*Transactions between Coinbase users are completely free. Sending and receiving Bitcoin, Litecoin and Ethereum between different accounts is free of charge as long as the amount is greater than 0.0001 BTC.
** Rates 2018. For the purchase and sale of cryptocurrencies using the balance of our account, the applicable commission is 1.49% in Europe. In case of buying directly by debit or credit card, the commission is 3, 99%
In the case of transferring Coinbase balance to our bank account, the applicable commission is 1% (+€0.15 for European users at the time of withdrawal).
Depending on the country and the currency with which you work, these figures may vary. In this link you can get all the updated information about CoinBase fees and commissions.
6. Registration and First Steps in Coinbase
Signing up for CoinBase will take just a couple of minutes and you can earn $10 for using the link below (I'll explain how to earn that $10 in detail later):Register and get 10 dollars for free
To register, you only have to fill in your name, surname and email address. As usual. I advise you to put your real data, since it is a platform that will ask for data verification to transfer the money. Once the form is completed, we will receive an email with a confirmation link.
7. How does Coinbase work?
As soon as you enter our account you will see the following menus:
This will allow us to exchange cryptocurrencies at any time and even exchange them for conventional currencies.
As you surely know, one of the characteristics of Bitcoin is its high volatility, which means that it can rise and fall in price abruptly in very short periods of time.
With CoinBase, if you don't want to depend on these rises and falls, you can exchange them for a traditional currency (Euro or dollar) at any time. Once exchanged, that money will be saved in your corresponding wallet, with the advantage that you will not have to be worried if the value of Bitcoin suffers a sudden drop.
For this commission to become effective, the registered person has to make purchases or sales in their account worth $100 (or 81.8 Euros). It doesn't matter if it is one thing or another, the case is having "moved" those $100 in operations. (and the good thing is that there is no time limit)
It is a very generous referral system, where both the new user and the sponsor win equally. It is important to note that if you do not register under anyone's link, you will not receive the $10 in Bitcoins.
In this article, all the links that have been included have an affiliate link, with which you will automatically earn the $10 once you have "moved" $100 on the platform:
Sign up and get $10 free
- Buy/Sell: As the name suggests. From this section we can easily buy and sell cryptocurrencies. Before proceeding, you will need to verify the account by giving a phone number.
- Send/Request: With CoinBase you can send cryptocurrencies to other people or request payments if they owe you money
- Accounts: CoinBase doesn't just work with Bitcoins. In this section you can see all the available wallets and their balances.
- Tools: In this section you can review all your payment addresses as well as being able to see the entire history of transactions made.
- Configuration: Options and account data.
8. How to Verify Coinbase Account?
Account verification will allow you to access all the services available on CoinBase, including the option to buy and sell Bitcoins. To do this, you will simply have to complete 4 steps:- Confirm the email address (which you should have done when registering).
- Add a payment method (bank account or credit/debit card). In this way we can make purchases and also receive transfers.
- Add a phone number. This will activate the verification in two steps that we have discussed before.
- Verify your identity. To do this, we must upload a copy of our ID or directly take a photo through our webcam.Once you have completed this information, verification takes about 48 hours. At that time, we will be able to operate 100% within the platform
Note: Account verification is only necessary if you want to buy or sell bitcoins and/or withdraw money to your bank account. If you only want to use Coinbase as a wallet to send and receive bitcoins from different platforms, you can skip this step or do it at any other time.
9. The Different Coinbase Wallets
As we have mentioned before, Coinbase has several independent wallets in which we can carry out all kinds of operations. This is undoubtedly one of the great advantages of this platform.This will allow us to exchange cryptocurrencies at any time and even exchange them for conventional currencies.
As you surely know, one of the characteristics of Bitcoin is its high volatility, which means that it can rise and fall in price abruptly in very short periods of time.
With CoinBase, if you don't want to depend on these rises and falls, you can exchange them for a traditional currency (Euro or dollar) at any time. Once exchanged, that money will be saved in your corresponding wallet, with the advantage that you will not have to be worried if the value of Bitcoin suffers a sudden drop.
10. Affiliate Program
Coinbase has a great affiliate program for its users. Thanks to this program, when a user registers on CoinBase with an invitation link, they will have the chance to win $10 (or 8.18 Euros) for both themselves and the person who invited them.For this commission to become effective, the registered person has to make purchases or sales in their account worth $100 (or 81.8 Euros). It doesn't matter if it is one thing or another, the case is having "moved" those $100 in operations. (and the good thing is that there is no time limit)
It is a very generous referral system, where both the new user and the sponsor win equally. It is important to note that if you do not register under anyone's link, you will not receive the $10 in Bitcoins.
In this article, all the links that have been included have an affiliate link, with which you will automatically earn the $10 once you have "moved" $100 on the platform:
Sign up and get $10 free
11. Pros and Cons of CoinBase
PROS- Wide variety of cryptocurrencies
- High liquidity and purchase limits
- Extremely simple user interface to trade Bitcoin
- Instant purchase available with credit card as backup
CONTRAS
Among the aspects that I would highlight about this digital wallet would be the low commissions to buy and sell Bitcoins, the high security measures they have and the possibility of exchanging cryptocurrencies for conventional currencies (Euros, dollars) at any time.
The great work carried out so far by this portal has involved more than $200M in investment and the trust of 10 million users who already trust this platform to exchange cryptocurrencies.
That is why this portal is in the first position of our ranking: The Best Bitcoin Wallets to buy, sell and exchange cryptocurrencies
Open a CoinBase account
AND receive $10 if you buy or sell your first $100 on Coinbase
- Limited payment methods
- You can track how your users spend Bitcoin
- High fees when not using Coinbase Pro
- Coinbase controls the wallet keys
12. Cryptocurrencies Available on Coinbase
Coinbase has a large number of options for investing and trading cryptocurrency and has plans to add more to the list. The following currencies are listed at this time:- AAVE (AAVE)
- Algorand (ALGO)
- Cosmos (ATOM)
- EThe Balancer (BAL)
- band protocol (BAND)
- Basic care token (BAT)
- Bitcoin Cash (BCH)
- Bancor Network Token (BNT)
- Bitcoin Satoshi (BSV) Vision (Send Only)
- Bitcoin (BTC)
- Even (CGLD)
- Composite (COMP)
- Civic (CVC)
- Dai (DAI)
- Dash (DASH)
- distritoOx (DNT)
- EOS (EOS)
- Ethereum Classic (ETC)
- Ethereum (ETH)
- Filecoin (FIL)
- The graph (GRT)
- Golem (GNT)
- Cyber Network (KNC)
- Chain Link (LINK)
- Loom Net (LOOM)
- Loopring (LRC)
- Litecoin (LTC)
- Decentraland (MANA)
- Creator (MKR)
- Cash (RMN)
- NuCypher (NU)
- Red OMG (OMG)
- Orchid (OXT)
- Ren (REN)
- Augur (REP)
- Synthetix (SNX)
- Currency USD (USDC)
- Universal market access (UMA)
- Uniswap (UNI)
- Wrapped Bitcoin (WBTC)
- Stellar Lumens (XLM)
- Ripples (XRP)
- Tezos (XTZ)
- Annual Financing (YFI)
- Zcash (ZEC)
- 0x (ZRX)
13. Coinbase: Final Valuation
In my opinion, Coinbase is the most complete platform for storing and exchanging cryptocurrencies (either Bitcoins or other digital currencies).Among the aspects that I would highlight about this digital wallet would be the low commissions to buy and sell Bitcoins, the high security measures they have and the possibility of exchanging cryptocurrencies for conventional currencies (Euros, dollars) at any time.
The great work carried out so far by this portal has involved more than $200M in investment and the trust of 10 million users who already trust this platform to exchange cryptocurrencies.
That is why this portal is in the first position of our ranking: The Best Bitcoin Wallets to buy, sell and exchange cryptocurrencies
Open a CoinBase account
AND receive $10 if you buy or sell your first $100 on Coinbase
