It’s up there with the best crypto exchanges; there is little doubt about it.
But what makes Coinbase so good?
What makes Coinbase one of the best crypto exchanges?
Download:Coinbase forAndroid|iOS(Free)
2.
Number of Cryptocurrencies
When Coinbase first launched in 2012, Bitcoin was the only crypto you could buy.
In short, you’re highly likely to find the cryptocurrency you want to buy on Coinbase.
In the old days, payments were made in better-known cryptos.
You’re not going to become a crypto whale overnight, but who is saying no to free crypto?
Coinbase Pro Is Available for Experienced Traders
Coinbasecomes in two flavors:Coinbase and Coinbase Pro.
Most of the time, a pro service comes with a costbut not Coinbase Pro.
The biggest difference between Coinbase and Coinbase Pro is the trading interface.
Where Coinbase lets you make spot trades, Coinbase Pro is a fully-fledged trading platform with more advanced features.
Coinbase was already considered a safe haven among the madness before the FTX market madness.
Coinbase always holds customer assets 1:1.
For example, in 2021, around 6,000 user accounts were breached, resulting in the loss of cryptocurrency.
TheCoinbase text scamis a common crypto SMS-based phishing attack you should be aware of!
Coinbase keeps the majority of its crypto-holdings incold storage wallets(as opposed to an internet-connected online wallet).
With the funds held securely offline, there is less chance of a catastrophic breach.
It’s not out of the question, but it mitigates some risk.
Furthermore, Every Coinbase user should switch ontwo-factor authentication.
It adds another layer of security, requiring a second form of verification before your account will unlock.
Again, it’s not foolproof, but it helps.
Coinbase Isn’t Perfect, But It’s a Great Option
No cryptocurrency exchange is perfect.
