Coinbase Exchange Reviews
Coinbase is the largest U.S. based Bitcoin to Fiat currency exchange. The company and its services have stood the test of time, and it remains one of the largest Bitcoin startup companies in the world, with over $100 million USD in raised capital since launching in 2012.
They now offer Bitcoin, Ethereum and Litecoin exchange services for customers looking to convert their cryptocurrency to fiat currency or who want to buy cryptocurrency with debit card, bank transfer and ACH. They are now accepting customers in 32 countries, with more expected to be added in the future.
Coinbase Company Overview
Coinbase is located in the United States, operating out of San Francisco, CA. They launched in 2012, just 3 years after Bitcoin was invented (2009). It wasn’t until 2013 when things really started to take off, after the young company received a $5 million investment from some people at Union Square Ventures, a NY based venture capital firm. Since receiving this large investment, the company has had no trouble raising additional capital.
Coinbase has a very limited number of cryptocurrencies available. In fact, they only support three cryptocurrencies at the moment: Bitcoin, Ethereum and most recently, Litecoin. They are expected to support BitcoinCash sometime in the near future, but did not support it at the time of this post.
The reason behind the limited cryptocurrency options is mainly because they are fully regulated in the United States and as such are limited in the services they are allowed to offer. It is unclear which types of cryptocurrencies they will add in the future, but I do not expect them to add too many options, at least anytime soon.
Coinbase is currently available in 32 countries. Some countries are offered more limited services, such as restricted deposit and withdrawal options. Customers in the United States are not restricted, and can deposit and withdraw with debit cards, ASH transfers, wire transfers and more. To check if your country has any restrictions, make sure you visit their Supported Countries page for the most current information.
Signing up for An Account
Getting started with an account on Coinbase is fairly quick but does require a SSN, Address, Full name and other personal information. Depending on the account, they may request additional information from you such as your ID. Because they deal heavily with Bitcoin to USD (and vice versa) transactions, it is not very anonymous and is similar to other traditional US financial institutions.
Coinbase has many security features available to users. This includes 2FA with Google Authenticator and/or mobile 2FA authentication. You can adjust your security settings in your account, which gives you a lot of control over how secure you want to keep your account. Coinbase is about as secure as a website can be, and this is one of the reasons they have remained opened for so many years.
User Experience & Interface
The platform and website at Coinbase puts a large focus on user experience, as many of their users are new to Bitcoin. The navigation is extremely simple, and overall I like what their developers did with the design and user interface.
Coinbase User Reviews
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