Coinbase

Coinbase is an online exchange platform, that is, a service for buying and selling cryptocurrencies. You can purchase a wide variety of cryptocurrencies and altcoins just by adding a credit card, debit card, bank account or PayPal.

On the other hand, can be used as a purse or virtual wallet, that is, you can store your coins in a single place, being able to see how many assets we have, how much they are worth and the evolution of their value. In addition, has a unique address with which you can send, receive or make payments without intermediaries, even if the other person does not have account on the same platform.

Coinbase: the platform

Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam, and today they have more than 30 million followers. users active on your platform.

The site charges commissions when it compresses or sells cryptocurrencies, because when you go to buy the commission will be 1.49% , while when you go to sell them for fiat money, the commission will be 1% . What does not have any commission are the transfers of assets to other virtual portfolios.

Registering for this service is very simple and free, you only need to be over 18 years of age and fill in your name, last name, email address and the password you want to use on your account. Finally, to buy coins you will have to link a payment method that can be a PayPal account, your bank account or a credit or debit card.

Coinbase: how it works

Coinbase can be used both on the website and in the mobile application, where the first page you will be able to see will be the home page, there you will find all the necessary information to start trading.

At the bottom of both the application has the button “Operate” to start with the option to buy, sell or convert your cryptocurrencies into others within the same platform, the same button “Operate” on the web is located at the top right. In either of the two cases, before completing the operation, you will always be clearly shown the commission that you must pay so that everything is totally transparent.

At the bottom of the application, or at the top of the web, there is a bar with various options. The first one you can see is “Wallet, where you can see the status of your cryptographic assets seeing, in real time, the money you have stored in the different cryptocurrencies that are part of Coinbase and their respective evolution.

Coinbase: its token is USD Coin (USDC)

Coinbase has its own token, but it is not an altcoin like others: it is USD Coin (USDC) , but its value is tied to the US dollar (USD ) ), so 1 USDC is always worth 1 USD.

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