what is coinbase ? – Roshan sodhi

Coinbase is the world’s largest Bitcoin exchange, so this is a common question.

Yes, Coinbase is safe.

coinbase is the world’s largest Bitcoin broker, and also offers an exchange, wallet, and developer API.

For most people around the globe, coinbase would be the easiest option to buy Ethereum, Bitcoin, or Litecoin (it doesn’t support any others yet).

After verifying your account, you can add a number of payment methods including credit or debit cards, bank accounts, or even wire transfers of funds.

Typically you will need to verify your account with a driver’s license and add other details to expand your buy limits. Since cryptocurrencies are “hard currencies,” the exchanges don’t want to risk getting ripped off, since you can’t reverse a cryptocurrency transaction once it’s done. If you are looking for some of the newer coins like NEO that are making big movement but haven’t made their way to the aforementioned exchange sites, you can look into Bittrex, Poloniex or Livecoin. You can transfer Bitcoin or Ethereum to these platforms from Coinbase and then exchange it for any other digital currency that you want.

If you need more security then you can enable google Authenticator for your coinbase wallet.

You will also get $10 worth of free BTC when you sign up and make $100 of transaction. Click the link below to signup now.

Is Your Privacy Kept While Using Coinbase?

Users must provide full identity verification and many personal details.

You will be required to take a picture of your driver’s license or passport if you are purchasing with a credit card.

Limits & Liquidity

coinbase offers very high limits. Limits depend on your account level, which is determined by how much information you have verified. Fully verified U.S. customers may buy up to $50,000 worth of bitcoin daily.

European customers may have a maximum of €30,000 euro in their account at any time.

Does Coinbase Support Your Country?

coinbase offers its brokerage services in the United States, United Kingdom, Canada, Singapore.

Coinbase also supports the following European countries:

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, Spain, Sweden, Switzerland.

Disclaimer: this is all my personal recommendation and investment in cryptocurrency may involve risk due to high volatility

coinbase , available to users in over 30 countries as of 2017, is the world’s largest Bitcoin broker. Customers can buy bitcoin with a connected bank account, SEPA transfer, Interac Online, and many more payment methods.

It’s insured. I like their vault. I like their access with SMS. It was easy to setup. I could do it all online with ease.

PROS

High liquidity and buying limits
Easy way for new users to buy bitcoin, litcoin, etherum
Instant buy available with credit card as backup
joining bonus of 10 USD / 8 GBP / 8.5 Euros when you join using link

CONS

Limited payment methods
May track how its users spend bitcoin

Published at Tue, 31 Dec 2019 13:21:20 +0000

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