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Coinbase Overview 2021

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Coinbase Global, Inc., also known as Coinbase, is a cryptocurrency trading platform based in the United States. Coinbase is a remote-first company with no physical headquarters.

What is Coinbase?

Coinbase is a safe and secure platform for buying, selling, and storing cryptocurrencies such as Bitcoin, Ethereum, and others.

Founder

Coinbase founders are Brian Armstrong, Fred Ehrsam. The cryptocurrency wallet was founded on June 20, 2012.

Why choose Coinbase?

Coinbase is trusted by over 73 million verified individuals, 10,000 institutions, and 185,000 ecosystem partners in over 100 countries to invest, spend, save, earn, and use cryptocurrency in a simple and safe manner.

Download and Install Coinbase

The latest version of Coinbase is at 9.50.5 and it requires Android version 6.0 and up before you can download and use it on your device.

Size

Just like other mobile applications, the size of the application varies depending on the device you are using.

Supported Cryptocurrencies

Coinbase now supports over 100 cryptocurrencies and adds new ones on a regular basis. Below is a list of popular and most used cryptocurrencies supported by Coinbase.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Cardano (ADA)
  • Solana (SOL)
  • Polkadot (DOT)
  • USD Coin (USDC)
  • Dogecoin (DOGE)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Shiba Inu (SHIB)
  • Algorand (ALGO)
  • Stellar Lumens (XLM)
  • Polygon (MATIC)
  • DAI (DAI)
  • SushiSwap (SUSHI)

How to Download and Install Coinbase

1. Visit your app store or play store.

2. Search for Coinbase and navigate to the app with the official Coinbase logo, download and install.

Coinbase App
Coinbase App has this Logo.

3. Sign Up if it is your first time using the Coinbase App.

4. You will be redirected to the Coinbase dashboard once you are done.

NB: To verify you’re who you say you are, new account users must upload a photo of a government ID. If you’ve heard that bitcoin transactions are anonymous, consider this proof that Coinbase may trace your transactions for tax reporting and other regulatory purposes.

Features of Coinbase

The following are the main platform features:

Usage: Beginners will find it simple to use, and they may withdraw or sell using PayPal.

Fees: 0.50 percent per trade, 3.99 percent for purchases made with a credit card, and 1.49 percent for transactions made with a Coinbase wallet or bank account.

Number of cryptocurrencies supported: 107 different cryptocurrencies are supported.

Security Features: Two-factor authentication, biometric fingerprint logins, insurance in the event that Coinbase is hacked, FDIC-insured USD holdings, and AES-256 encryption for digital wallets are all features that Coinbase offers.

Transaction Types: Buy, sell, transmit, receive, and exchange transactions are all supported.

Maximum Trading Amount: The amount you may spend depends on your payment type and where you live.

The Pro version even has more extra features. Investopedia reviews the pros and cons of both versions in “Coinbase vs. Coinbase Pro.

Conclusion

Coinbase was founded in 2012 with the innovative premise that anybody, everywhere should be able to send and receive Bitcoin effortlessly and securely. It now provides a secure and user-friendly platform for accessing the larger crypto economy.

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