This means that when you buy cryptocurrencies on the platform, you are actually purchasing the coins directly from Coinbase, as opposed to trading them with other users. How does Coinbase Work?Ĭoinbase is somewhat different from other well-known cryptocurrency exchanges as they are more of a broker than an exchange.
In response to Coinbase increasing their customer base, the platform recently released a sister cryptocurrency exchange called Coinbase Pro (previously GDAX). This includes a debit and credit card, bank transfer and in some cases – PayPal (Coinbase is one of the most well-known Paypal cryptocurrency platforms). One of the main appeals to using Coinbase is that they allow you to buy and sell cryptocurrencies using everyday payment methods. based exchange claims to have more than 13 million users. This includes popular cryptocurrencies such as Bitcoin and Ethereum, as well as ERC-20 tokens like USDC. What is Coinbase?Ĭoinbase is one of the top cryptocurrency exchanges that allows you to buy and sell a range of digital currencies. You’ll have access to more cryptocurrencies, they’re heavily regulated, they accept multiple payment methods, and best of all – you also have the option of going short. As a snap-shot overview, Coinbase is certainly a notable exchange to consider.
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