Like every other thing can be bought or sold, so can cryptocurrencies be. But, how to find the right platform for such activities? Coinbase is one of the oldest Cryptocurrency Marketplace,especially known for buying and selling Bitcoins. It is chosen by beginners because of its great reviews since 2012 when it was launched by Brian Armstrong and Fred Ehrsam.
How to set up a Coinbase account?
Setting up a Coinbase account is easy, like any other account.
- You need to enter your details.
- To verify your identity, you have to fill go for phone number verification or email ID verification.
- After the completion of the verification process, you sell or buy as many cryptocurrencies as you want.
For providing the users with a safe platform, Coinbase takes a fee, which is a fraction of the total amount of transaction. The fees may differ according to the amount of transaction, region and the mode of payment used.
Along with a safe platform for transactions, Coinbase provides a free wallet to its users. It offers the same services as any other wallet and sometimes even better services. For crypto enthusiasts, Coinbase Pro is available. It does not provide an app service like the former but consists of charts, bid-ask spreads, limits and books.
To prevent any kind of fraud or forgeries, having a safe marketplace is important, where every user is well aware of the services offered to him and knows when to back out!