Coinbase: Buy and Sell Bitcoin

5.00 out of 5
(1 bitcoiner review)

Coinbase is a widely recognized cryptocurrency exchange that operates globally, providing users with a platform to buy, sell and store various forms of digital currencies. The exchange was founded in 2012 with a focus on bitcoin, as it was the dominant cryptocurrency at the time. However, over the years, Coinbase has expanded its services to include over 5,000 other digital assets, including many “shitcoins,” as they are often called in the industry.

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Description

Coinbase is a widely recognized cryptocurrency exchange that operates globally, providing users with a platform to buy, sell and store various forms of digital currencies. The exchange was founded in 2012 with a focus on bitcoin, as it was the dominant cryptocurrency at the time. However, over the years, Coinbase has expanded its services to include over 5,000 other digital assets, including many “shitcoins,” as they are often called in the industry.

We strongly advise you to engage with bitcoin-only exchanges to protect your funds. Altcoins or shitcoins are a distraction and are meant to make money for the founders and exchanges that support them.

Coinbase remains one of the most trusted and reliable cryptocurrency exchanges on the market. The company has invested heavily in its security measures and regulatory compliance to ensure that users’ funds and personal information are protected. Coinbase has also established a user-friendly platform that is easy to navigate, even for beginners.

The company was founded in 2012 and is headquartered in San Francisco, California, and it operates in over 100 countries worldwide and has more than 35 million users.

In 2017, Coinbase experienced a significant shift as the cryptocurrency market exploded with initial coin offerings (ICOs) and the development of new coins based on Ethereum’s ERC20 standard. As a result, the exchange began to expand its offerings beyond just bitcoin, adding a wide range of new digital assets to its platform.

Now, Coinbase lures their customers into trading shitcoins. Their whole business model is based on getting customers to buy new coins all the time. Coinbase gets a nice commission on every trade you make. They don’t care if you ‘win’ or ‘lose’. They just want you to get ‘into crypto’, because this is how they make their money.

In addition to its exchange services, Coinbase also offers a range of other products and services, including a cryptocurrency wallet, a cryptocurrency debit card, and a cryptocurrency index fund.

coinbase-promoting-shitcoins

Although some in the cryptocurrency community have criticized Coinbase for adding too many alternative coins, the exchange’s commitment to transparency and regulation has earned it a strong reputation. Coinbase’s efforts to comply with regulations have made it an attractive choice for institutional investors looking to enter the cryptocurrency market, further solidifying its position as a leading exchange.

Additional information

Bitcoin Only

KYC

Lightning Network

Bitcoin Investment Plan

Mobile App

Yes

Operating System (OS)

,

Wallet Type

Year Launched

2012

1 review for Coinbase: Buy and Sell Bitcoin

  1. 5 out of 5

    Supriya

    I don’t understand why some people are hating on Coinbase. In my opinion, it’s the most secure exchange out there. They are incredibly transparent and even have their own stablecoin that is backed one to one with the dollar, unlike Tether. Their role in the future of cryptocurrency exchanges is undeniable and essential for wider adoption. Coinbase is also one of the few exchanges that goes above and beyond to comply with regulations and prove that they have nothing to hide. Plus, their app is just fantastic and very user-friendly. I absolutely love it! ❤️

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