Digital currencies are changing how we use and think about money. Digital currencies aka Cryptocurrency is where tech meets investment and Coinbase is the most trusted company in this space.
If you have been paying attention to the recent biggest trends in the investment market, it will be noted that cryptocurrencies are the next big thing. Buying and selling cryptocurrencies is a high-yield investment opportunity with little or no efforts required. However, for an investment of that magnitude, a reliable and trusted platform is required for safe transactions of your digital currency. In order to trade in digital currencies, you’re going to need a platform on which to trade them, and an intermediary to communicate with the blockchain network.
Here’s where Coinbase comes in!
Coinbase is the easiest and most trusted place to buy, sell, and manage your digital currency. It is a digital currency wallet and platform founded in 2012 where merchants and consumers can transact with new digital currencies such as Bitcoin, Ethereum, Bitcoin cash and Litecoin.
How Coinbase Works?
Coinbase is a global digital asset exchange company that provides an avenue to buy and sell digital currencies, as well as send information about those transactions out to the blockchain network in order to verify those transactions. It also serves as a wallet, too, where the digital currencies can be stored.
Buying and Selling Cryptocurrency
In order to buy or sell cryptocurrencies, Coinbase requires you to link your bank account, or your credit or debit card to your Coinbase account. Your name as well as your bank account details is attached to your Coinbase account, so transaction history is relatively easy to track down.
Bank Account Option
Allows higher limits ($100 per transaction; $2,500 per week),
Takes longer to verify transactions, and up to 2-4 days to see money reflect in your Coinbase wallet depending on your bank.
Credit/Debit Card Option
Lower limits ($200 per week), but you can purchase digital currencies by simply transferring funds from that bank account to the site.
Instant transactions e.g. bitcoin shows up in your Coinbase wallet immediately.
You can also sell Bitcoin to your PayPal account, effectively cashing out instantly, as your Bitcoin will be exchanged for local currency.
Overall, the benefits of Coinbase include:
Easy to use
Real-time cryptocurrency prices tracker
Allows buying and selling of cryptocurrencies
Similar to buying and selling stocks
Fair transaction charges
100% secured platform with encrypted data
Interested in buying and selling digital currency? You can never go wrong with Coinbase!
Without mincing words, it is the easiest and most secured way to buy, sell and save cryptocurrencies online whether you’re new to the digital currency investment world or you’re a professional.
Coinbase serves over 10 million clients across the globe, and has so far facilitated the exchange of over $50 billion worth of digital currency. It operates exchanges of Bitcoin, Ethereum, Bitcoin Cash and Litecoin, as well as other digital assets with fiat currencies in 32 countries, and Bitcoin transactions in many more countries.
Not only that, Coinbase stores most of customers’ funds offline to ensure a safe keeping. Your sensitive data that would normally reside on their servers is disconnected entirely from the internet and such data is then encrypted, transferred to USB drives and paper backups, and then distributed in safe deposit boxes vaults all over the world.
With such amazing benefits, managing your digital currency business with Coinbase is literally a gold mine! You will get more returns on your investment using this secured platform. Still contemplating? A trial will convince you!