By now, everyone and their grandmother have heard of cryptocurrency.
However, few have ventured into this exciting new world. (We think it’s a safe bet that most of their elderly kin haven’t, either.)
Given this situation, user-friendly crypto sites are badly needed. By making crypto transactions easier, these platforms can make apprehensive newcomers feel right at home as they explore this new financial frontier.
Wondering which site can help you take the leap into cryptocurrency with ease? Look no further than Coinbase!
Active in more than 100 countries and boasting over 108 million users, Coinbase is the place to be when it comes to buying and selling crypto. As a platform for several in-demand digital currencies, Coinbase has newbies and seasoned veterans covered.
Care to know more about Coinbase?
Though Coinbase was established in 2011 (by a former Airbnb engineer named Brian Armstrong), it was in 2012 that it first jumped into the Bitcoin pool. It’s no coincidence that 2012 was also the year when Fred Ehrsam, a former Goldman Sachs employee, joined the company.
The premise was simple: Coinbase would become a platform that made the largely unexplored realm of cryptocurrency accessible to just about anyone. Right from the start, the company made a commitment to distinguish itself as a trusted facilitator of these new financial processes.
This vision paid off—big time. In the decade after its launch, Coinbase saw remarkable growth that propelled it to the top of the industry. To date, Coinbase has $101 billion of assets on its platform, with a quarterly trading volume of $159 billion.
We’re sure that the “billion” part absolutely thrills you. If you want to start building your own crypto fortune, you need to know exactly what Coinbase can do to give you a leg up in the race to grow your net worth.
Here’s how Coinbase can help you
Here are some of the key features that help crypto traders thrive on Coinbase:
- Security (Lots of it!)
Let’s start with this: Coinbase runs a brokerage of the same name as well as an order book exchange called the Global Digital Asset Exchange (GDAX).
Why is this important? To guard against safety threats like hacking—which, unfortunately, has happened multiple times in this sector—the brokerage gets its crypto assets from GDAX. This in-house flow protects the process of liquidation for the benefit of individuals using the platform.
In addition, Coinbase allows its investors to transfer their funds into “cold storage” vaults that are essentially off the grid—they are not connected to the internet and are therefore secured against hacking.
- Ease of access
What’s a great way to attract the younger demographics to crypto? The answer: a mobile app.
Through the Coinbase Wallet app, users can conduct various transactions, such as buying, selling, and trading assets. As a consolidated digital storage tool, Coinbase Wallet can host NFTs, crypto coins, and other forms of cryptocurrency. (Yes, you can totally earn interest on the crypto that you store in this Wallet. Sweet!)
- Great for business
Ever heard of that guy who essentially gave away 10,000 Bitcoins in exchange for two pizzas? Nowadays, there are official platforms that actually facilitate this kind of transaction.
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That’s exactly what Coinbase Commerce does: It acts as a channel for businesses to receive crypto payments. Coinbase Commerce can be integrated into the checkout process of businesses that utilize major eCommerce platforms. This means that aside from conventional modes of payment such as credit and debit cards, customers can opt to use their crypto funds to pay for their orders.
- There’s even a card
Speaking of debit cards, did you know that Coinbase also offers one of those? With the Coinbase Card (designed in conjunction with Visa), users can go on glorious shopping sprees and cover the cost of their indulgences with crypto assets.
Of course, what would a debit card be without some sort of reward? In the case of Coinbase Card, users can get up to 4% in crypto rewards each time they make a purchase.
Let’s be honest: Two of our biggest fears are missing out and not knowing what to do. With Coinbase, you can get crypto-savvy in short order. (Now go tell Grandma about it. You don’t want to deprive her of all that Bitcoin action, do you?)