- Buying Bitcoin
The Coinbase exchange is an online platform used to perform transactions and store cryptocurrencies. The offer includes the most popular digital currencies. When setting up the platform, the creators aimed to create an open financial system that is not under the control of any state. Coinbase has been successfully developing since 2012 and is gaining more and more popularity. If you want to set up a free account now, just click this button, which will safely take you to registration on this cryptocurrency exchange. If you want to learn more about this exchange and its possibilities, please read the rest of the article. Free registration on the Coinbase exchange:
Coinbase is one of the largest and most popular exchanges in the world. Like most platforms of this type, they live on commission. Currently, it employs over a thousand people who work on the smoothness of the website and ensure that the services are of the best quality. The authors, taught by experience, after the stock exchange fell victim to hacker attacks, pay special attention to security. The big advantage is also that the platform is very easy to use, so both beginners and professionals can use it. Coinbase offers the ability to trade cryptocurrencies with traditional currencies. There is also a separate version of Coinbase Pro that offers more advanced tools.
Coinbase boasts, above all, a wide selection of cryptocurrencies. The most popular are Bitcoin, Ethereum, Litecoin and Bitcoin Cash, but you can also find digital currencies such as XRP, Zcash, Dash, Orchid and Chainlink.
In addition to the standard trading tools, Coinbase also offers many additional features. This place is adapted to both individual users and larger institutions. The authors made available, inter alia, API settings, which are a great help for those interested – they allow, among other things, to program the purchase or sale of a specific cryptocurrency after a specific time. Regularly updated quotes are also available on the platform. This allows you to check the rates for the last hour, day, week, month or year. Coinbase also offers its own wallet and, interestingly, the opportunity to earn cryptocurrencies by learning about them.
During development, the creators of Coinbase struggled with problems from hackers. However, this helped them develop a tight, secure system that makes Coinbase one of the safest trading platforms today. First, each account is protected by two-factor authentication. This means that in addition to entering the login and password, the platform will also require a unique code sent via text message to the telephone number provided earlier. You can also use another form of verification, such as Google Authenticator or Microsoft Authenticator. If the server notices access to the account from a public address other than the one recorded during registration, the user will be immediately notified.
98 percent of all funds accumulated by Coinbase customers are stored offline. This ensures that your assets are fully protected against hacking attacks. For Coinbase Pro users, the Multisig Vault function has also been created, i.e. a triple security: using a public key, a platform key and an encrypted entrepreneur key. When executing a transaction, the latter and one of the other two must be specified.
The platform was created by Brian Armstrong and Fred Ehrsam in June 2012. Initially, Ben Reeves, co-founder of Blockchain.info, also collaborated with them, but differences of opinion made him quit the project. Soon after, the team entered the Y Combinator start-up program. Already four months after the start, in October 2012, they launched the service of buying and selling cryptocurrencies using bank transfers. Thanks to the help of investors, the platform developed rapidly and served one million users in 2014. One of the new services was the ability to process payments with digital currencies through popular payment platforms such as PayPal or Stripe.
In 2016, the name of Coinbase Exchange was changed to Global Digital Asset Exchange (GDAX), and two years later to Coinbase Pro. In 2020, the creators introduced another breakthrough service – the possibility of paying with Visa debit cards. Currently, Coinbase is the largest cryptocurrency exchange in the United States in terms of the volume of trading.
The Coinbase platform offers extensive tools for trading and stock market analysis, and also offers a wide selection of digital currencies. The website is easy to use and at the same time contains all the necessary functions. It has been successfully operating on the market for years and is constantly developing, adding new services and improving their quality. Additionally, a well-thought-out security system guarantees that the collected funds are safe. It is a recommendable place for beginners and professional cryptocurrency traders.
Creating an account on the Coinbase exchange requires filling in an application form and undergoing identity verification. During registration, data such as: name and surname, login and password, e-mail address and telephone number are provided. At this stage, you also need to decide whether the profile is to be an individual or a business account.
You must be at least 18 years old to open an account on Coinbase. You will also need an ID for verification, as well as an active phone number and the latest version of your internet browser.
Yes, Coinbase asks for identity verification to prevent your account from being hacked. Documents are verified via the website or mobile application. E-mail copies of documents are not accepted.
Government-issued identity document is required. The document must have a photo. This can be, for example, an ID card or a passport. In addition, you also need a document confirming the data and address of residence, such as a credit card statement, electricity or gas bill. However, such documents as: passport cards, school ID cards, military IDs, medical IDs or residence permits are not accepted. In the United States, we accept government-issued passports and other state-issued identification documents, such as an ID card or driver’s license.
Opening and maintaining an account on the Coinbase exchange is completely free. The fees are charged at the time of the transaction – the exchange, like most platforms of this type, lives on commission.
Coinbase is headquartered in San Francisco, United States.
The Coinbase platform was created on the initiative of Brian Armstrong, who previously worked as an engineer at Airbnb, and Fred Ehrsam, a former trader of the international investment bank Goldman Sachs. Initially, Ben Reeves, co-founder of the Blockchain.info service, also worked with them, but ended his cooperation with the project due to misunderstandings.