Are you tired of the low-yield and high-maintenance investments in real estate? Want to know about other areas where you can invest hassle-free and get easy and quick returns? Scroll down this article to find all about Bitcoins and the best exchanges to trade them. While there are many platforms on the internet for investing when considering finances you need to beware of fraudulent offers and rely on the most popular ad licensed sites.
Coinbase is the most popular platform to buy, sell or transfer bitcoin evolution or any other cryptocurrency. Coinbase is a company based in the US founded in 2012 and has processed transactions worth $455 billion catering to a wide variety of audiences of 43 million ranging in 100 countries.
Its attractive and easy-to-use interface invites all the new investors in the field into its ambit and shares educational tips and tricks into the world of trading cryptocurrency. Its extensive knowledge bank provides user-engaging articles on getting started and trading and funding.
It incurs a spread fee of 0.5 % followed by a transaction fee for every currency bought or sold. Adding to that, Coinbase charges $10 for incoming and $25 for outgoing wire transactions.
Features
- It has a wide-ranging database of BCH, ETH, LTC, ETC, BTC, and all ERC-20 tokens. It supports indirect investment with major currencies like US Dollars, Pound, EURO, etc. It allows earning interest over your USDT
- It also provides rewards by completing a set of activities. One can earn $5 with the mere opening of a coin base account.
- It offers a secured, digitized wallet to store your cryptocurrency on your device. The Coinbase wallet app is available in the App Store and play store and embedded with features like biometric authentication and a secure enclave to ensure safe and authentic transactions.
- Added security entails all funds stored in a vault to prevent theft. Coinbase stores 98% of its assets in offline cold storage with custodial settings and private keys within its database.
- One can easily schedule trading according to their daily, weekly, or monthly needs.
- It supports various payment methods like debit cards, credit cards, wire transfers, etc.
- It covers balances of US citizens under Federal deposit insurance corporation within the limit of 25,000 USD
Pros
- Informative Knowledge base
- User-friendly interface
- Various altcoin options
Cons
- Fails to answer to about 400 complaints by users
- Keeps an eye on crypto usage footprint
- Complicated fee structure
Coinbase pro or Global digital Asset index(GDAX) comes as a sweet cherry on top of the already efficient enterprise of Coinbase. It is an online trading platform. Although it has a large base of 50 assets, it is restricted in certain areas. It allows users to participate in blockchain transfers that do not incur any transaction fees.
Apart from Coinbase, there are other registered and authentic crypto exchanges you can invest in without worrying such as Binance, Kraken, eToro, Gemini, etc. Find the Bitcoin exchange that best suits you according to your investment needs and limits. Tell us your first Crypto experience by commenting down below.