Coinbase Review. Earn Free Crypto
The way we see things like Google, Apple, Facebook, Amazon, Paypal, and many other internet giants, could be the same way we see many crypto projects that are in the market today
Thanks to the progress made by apps and pages dedicated to cryptocurrency providing services like exchanges, wallets and such.
Coinbase is one of these platforms, and it’s currently one of the most popular out there.
Coinbase was one of the first platforms that provided easy access to a cryptocurrency wallet, initiating, together with other platforms, to bring the crypto revolution we see today.
Being one of the first crypto services, Coinbase currently is one of the most respected professional institutions regarding cryptocurrency trading.
In short, based on their large and growing community, brand sentiment, the quality of their team, we rank Coinbase in our Highly Likely To Succeed category.
What is Coinbase?
When cryptocurrencies came out with the rise of Bitcoin, people were looking for a place to buy, sell, transfer, store, and trade their cryptocurrencies.
Coinbase became the most secure online platform for crypto trading. Its mission was to create a financial system for everyone around the world. It helped them become a leading global brand for providing and supporting its community in the conversion of crypto to local currency.
In its early days, Coinbase started as a cryptocurrency hot-storing type of wallet. At the same time, it worked as an exchange platform for digital currencies.
It now pays more attention to the cryptocurrency exchange side, while still working as a cryptocurrency wallet. Its credibility was gained thanks to its significant backing and insurance on their behalf, providing their customers with everything they need.
While Coinbase does have a wallet service, it is not only a wallet. You can compare Coinbase to a bank account: a bank account you can trust to keep and protect your funds.
Coinbase Earn
Coinbase Earn is a newer feature of Coinbase that allows you to earn crypto while you learn about certain crypto projects.
It’s pretty simple to earn. For example, you watch a 3 minute video, answer a question about the project and almost instantly you receive your earned crypto in your Coinbase account.
This is a great way to learn about leading projects and earn coins from them at the same time.
All you need to do is set up your Coinbase account and you can begin to earn crypto once you have been verified.
We have to give credit where it is due and Coinbase gets high marks for this feature.
Is It Safe and Secure To Buy On Coinbase?
Knowing that you’ll hold your crypto savings at Coinbase, people would be looking to know if, at least, it is safe or not. Coinbase stores at least, 98% of customer funds offline, in cold wallets; this prevents the loss or theft of its customers’ funds.
It doesn’t end there, Coinbase also distributes its coins all around the world, securing them in vaults and deposit boxes.
In addition to those measures, all user accounts at Coinbase have to go through two-step verification. This feature might be encouraged by other platforms, but it’s often not required in them. With this process, users get a code on from their mobile phones for logging in, along with other activities in addition to using your usual username and password.
Even if it sounds simple, using all these measures makes it significantly less likely for an account to be hacked or to suffer any losses.
Coinbase earned its place on the cryptocurrency community with time, and its backstory speaks for itself. Coinbase is one of the best options when it comes to speed and security, while at the same time, remaining user-friendly with an interface that’s easy to navigate.
How Much Does Coinbase Charge To Buy Bitcoin
Coinbase is known to high slightly higher fees than other exchanges. This is not necessarily a negative when you look at the big picture.
You are getting an established, regulated and secure exchange that is keeping you information and crypto safe. If that is important then a slightly higher fee shouldn’t deter you from using this platform.
Per Coinbase’s Pricing and Fee Disclosure, “Coinbase charges a Spread of about one-half of one percent (0.50%) for Digital Currency Purchases and Digital Currency Sales. However, the actual Spread may be higher or lower due to market fluctuations in the price of Digital Currencies on Coinbase Pro between the time we quote a price and the time when the order executes.
We also charge a Coinbase Fee (in addition to the Spread), which is the greater of (a) a flat fee or (b) a variable percentage fee determined by region, product feature and payment type. The flat fees are set forth below:
- If the total transaction amount is less than or equal to $10, the fee is $0.99.
- If the total transaction amount is more than $10 but less than or equal to $25, the fee is $1.49.
- If the total transaction amount is more than $25 but less than or equal to $50, the fee is $1.99.
- If the total transaction amount is more than $50 but less than or equal to $200, the fee is $2.99.
For example, if you are in the United States and wish to purchase $100 of bitcoin and pay with a U.S. bank account or your USD Wallet, the flat fee would be calculated as $2.99. As noted below in the variable fee section, the variable percentage fee would be 1.49% of the total transaction, or $1.49. Since the flat fee is greater than 1.49% of the total transaction, your fee would $2.99. If you wanted to purchase bitcoin with a credit or debit card, we would charge a fee of 3.99% since the variable percentage fee is higher than the flat fee.”
About Coinbase
Coinbase is a digital currency wallet service and platform founded seven years ago, back in June of 2012. The purpose of this platform was to be a place where merchants and consumers could carry out transactions with new digital currencies.
Since its foundation, it gathered more than 30 million users around the world and traded more than $150 billion worth in cryptocurrencies.
The most traded cryptocurrency in Coinbase is Bitcoin—being the world’s most widely used crypto coin and having a total market cap of over $100 billion.
Coinbase has already raised more than $200 Million from World’s leading investors, such as BBVA, FunderSclub, SVAngel, and more.
Coinbase will continue to grow, as it seeks to be an open financial system for the world which won’t be controlled by companies or government.
The Coinbase Team
Being an open financial system for everyone around the globe is a huge challenge. That is why the Coinbase team has the smartest, most creative, and most passionate team. People at Coinbase are the kind of people who see solutions where others see problems.
Its team has seen some of the most influential names in the crypto market. Ben Reeves was one of its founders; he’s also known as the co-founder of Blockchain.info, one of the most famous crypto wallets today.
Its partnerships include big names in the business world like Dell, Expedia, and PayPal.
Coinbase’s main priority is to be the most trusted cryptocurrency platform out there, and they seek to accomplish that by providing the safest service. It’s secure, and at the same time accessible to everyone.
Pros of using Coinbase
- Coinbase provides a wide variety of options to make fiat deposits and withdrawals.
- Services for both PC web browsers and mobile phones
- Multi-signature security to prevent misuse of consumer funds.
- Insured Bitcoin deposits.
- Support for the most-used cryptocurrencies.
- Interface that’s both friendly and intuitive for experienced and new users.
Cons of using Coinbase
- Coinbase accounts are monitored by Coinbase to ensure security and validate its transaction.
- There’s a maximum of three days for waiting delayed funds.
- It does not support many cryptocurrencies.
Final Thoughts On Coinbase
Coinbase has been something that started as a project and moved to something bigger.
There is a reason Coinbase made on our Recommended Crypto Tools list as the top Crypto management option.
Coinbase’s place in the market is also thanks not only to its team but to IVP, the company that took care of part of the funding. IVP is known to be a company who pays attention to every investment possibility, and it has been part of projects like Twitter, Netflix, and Dropbox.
Everyone knows the name Coinbase, and many users have an account on this platform. Its community keeps growing larger and faster, and in this way, helping the Coinbase team reach their sought goal.
As Coinbase keeps growing, they’ll seek new goals to help maintain their dominance over much of the market. The future of Coinbase looks bright, and if this is a platform you decide to use, we think you will find comfort in utilizing them to manage your crypto.
