Coinbase is a platform to manage all your cryptocurrencies in one place. In Coinbase, you can buy and sell more than 20 cryptocurrencies quickly.
In this Coinbase review, you will learn everything you need to know about this crypto wallet before signing up.
Coinbase of a company founded in San Francisco, California, in June 2012. Since then, it has been tasked with improving a platform so that consumers can manage all their digital currencies.
The two priorities of the company are “Be the most reliable” and “Have the simplest use.” For what you make sure you have your money secured and a very simple platform to use.
This company can operate in more than 102 countries and currently has more than 30m of customers.
It is one of the most reliable and secure platforms to operate with cryptocurrencies.
On the Coinbase platform, you can trade with a variety of cryptocurrencies with the highest security.
In the Coinbase wallet, you can store all the cryptocurrencies you want. It has more than 20 cryptocurrencies to trade.
All keys are protected with Secure Enclave and with biometric authentication technology.
With your wallet, you can also pay your friends who use Coinbase just by entering the username.
You can make sure you have all your assets in one place stored with maximum security because their servers have an insurance policy.
You can also download the Appstore or Play Store application.
Is Coinbase safe?
One of the most common questions is, is Coinbase safe? In fact, it is an excellent question.
Coinbase stores 98% of its crypto assets offline. This means that they are out of risk about any theft or fraud.
The company’s assets are distributed in different safe deposit boxes throughout the world.
Your files are encrypted with AES-256 and also copied to the FIPS-140 USB drives. And finally, it’s copied to paper backups. This combination allows providing the greatest security for its customers.
On the side of user accounts, they are protected with a token and mobile verification.
As far as we can answer, yes, Coinbase is totally safe.
Another of the opportunities you will find on the Coinbase platform is that it offers a cryptocurrency with a stable price, called USD Coin.
USD Coin is a cryptocurrency known for being stable (stablecoin). At any time, you can exchange 1 USD coin for a US dollar.
For this reason, it is considered to be a stable cryptocurrency. In this way, you will always have your money with the maximum security of all cryptocurrency.
The advantage of the USD cryptocurrency over the normal one is that you don’t need a real USD bank account, but only your Coinbase account. Therefore, you can send USD Coin to anywhere in the world.
This currency is protected with the Ethereum token because it is one of the safest blockchains.
With Coinbase Earn, you can also earn money while learning about cryptocurrencies. This is another of the incredible benefits of the platform.
You have different programs to learn about cryptocurrencies while you receive recipes in $ crypto.
The program is straightforward, it works as follows:
- Watch cryptocurrency explanatory videos.
- Complete a questionnaire.
- That’s it; they send you free coins to your Coinbase wallet.
These surveys and videos may have some commercial purposes (such as promoting different cryptocurrencies). Still, anyway, they send you free coins to your account.
So it is an excellent opportunity to learn and earn money at the same time. With these programs, you can make up to US$ 126 in cryptocurrencies.
Other features of Coinbase
Coinbase also offers many other functions for companies and individuals.
- Coinbase Commerce: If you have an online site or a business, you can accept payments with cryptocurrencies through its platform. It would come to fulfill the same function as Paypal, but with crypto.
This type of function is entirely free, and you can integrate it to your website through WooCommerce, Shopify, Magneto, or PrestaShop. Best of all, they don’t charge any commission.
- Custody for institutions: this is custody that offers customers a solution to have their crypto active assets offline.
It is an entity regulated by the New York Department of Financial Services and operates independently.
- Coinbase Ventures: Also, this company offers financing to promising startups that can make significant progress. Its objective is to help companies launch.
Do cryptocurrencies pay taxes?
One of the most common doubts is whether cryptocurrencies pay taxes. The answer isn’t unique since it will depend on the country.
For US residents, they must declare all types of transactions with cryptocurrencies. So, in the United States, yes, you have to pay taxes.
In the rest of the world, they usually have different laws. In some countries one part pays, and another part isn’t reached. So you should investigate whether in your country the law reaches cryptocurrencies or not.
How to create an account in Coinbase
Coinbase Review: Final Thoughts
Coinbase is a very useful platform for trading with cryptocurrencies. You can sell or buy crypto in one place.
It has many advantages, such as the “Coinbase Earn” program, with which you can earn money while you learn.
It is a safe company that allows you to store all your cryptocurrencies with maximum security.
If you don’t have a Coinbase account yet, go and register now, it’s totally free!
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