Coinbase is a famous crypto exchange established in San Francisco, California, United States. Brian Armstrong, a former Airbnb engineer, and Fred Ehrsamestablished, a former Goldman Sachs trader, founded the exchange on June 20, 2012, with the title Coinbase Global, Inc.
This exchange aims to develop an efficient, accessible, more fair, and transparent financial system in crypto. It offers a trusted and easy-to-use platform to access the broader crypto economy. It helps users to buy, sell, and exchange cryptocurrencies like Ethereum, Bitcoin, tether, Coronado, Dogecoin, etc. In addition, it converts one cryptocurrency to another or sends and receives it to and from other people.
Coinbase Wallet is compatible with several platforms like BNB Chain, Ethereum blockchain, Avalanche C-Chain, Polygon network, and Solana network. Like buying stocks online through a stockbroker, buying bitcoin through this exchange is simple, but beware of fees and subpar customer support. It is also considered a safe platform for cryptocurrency trading and investment.
It may now act as an Ethereum or Litecoin exchange and offer crypto exchange services. Beginners purchase coins in this firm right away because of its reputation and popularity. It makes it simple for new users to get cryptocurrencies, which makes it user-friendly for first-timers. Additionally, users may purchase crypto with PayPal and other popular credit cards.
The big downside of this exchange is its fees, which might be more significant than some other exchanges. However, for most inexperienced investors, it is a negligible cost compared to the ease, variety of services, and security you’ll receive in return.
This exchange has subsidiaries, including Unbound Tech Ltd, Fingo Inc, CB Payments, and others. It has almost 4,900 employees working remotely throughout the world. It has over 103 million verified users, $217 billion quarterly traded volume, $96 billion assets on the platform, and operates in more than a hundred countries.