Coinbase is a digital currency wallet and platform where merchants and consumers can transact with the new digital currencies like Bitcoin, Ethereum, and Litecoin.
What is Coinbase?
Coinbase Wallet is a web wallet that allows you to store, send and receive bitcoin. In addition, it's available as an app for both Android and iOS. You can use Coinbase Wallet with your debit card or bank account to buy bitcoin instantly.
What are the benefits of using Coinbase?
The main advantage of using Coinbase is that it is simple to use, fast, and secure. It’s free to sign up and there are no fees on transactions made through the platform (although they do charge a small fee when you withdraw funds). In addition, all transactions are insured by a third-party insurance provider called Xapo which means that if something goes wrong with your account then they will refund you in full. There is also no minimum amount required when signing up making it suitable for people who want to get started quickly without worrying about how much money they have available at any given time. If you don’t have enough money in your bank account then this isn’t going to be an issue as you can simply transfer some from another source such as PayPal or credit card before transferring into the wallet itself whereupon the transaction will be completed immediately after confirmation from both parties involved in the transaction (e.g., sender and recipient). This makes it very convenient indeed!
How to use Coinbase?
Here is our step-by-step guide on how to use Coinbase:
Step 1: Signing up
Go to Coinbase using this link and create a Coinbase account with your email and password.
You will get $10 of Bitcoin for joining!
Step 2: Deposit crypto
Click on the "Send & Receive" button in the top right corner as shown below to deposit your crypto.
Step 3: Advanced trading
After successfully depositing your crypto, click on "Trade" in the left sidebar and start trading. We recommend using BTC/USDT pair as it has the highest volatility.
How to earn more with Coinbase?
Click on the "Earn" button in the left sidebar to see what you can earn. Did you know that your cryptocurrency can produce returns? You can earn up to 5.75% return on your cryptocurrency. All you need to do is keep certain assets, such as DAI and USDC, in your Coinbase account and you will start earning right away.
To secure its exchange, Coinbase plans to add more assets to its platform according to its “Digital Asset Framework”. It would certainly line the company's pockets, but it would also allow a large user base to explore new use cases for blockchain technology. Thus, additional assets are both a hedge and a bet for the future of the sector.
Coinbase Wallet is very important for the plan. It is a source of customer growth and retention, supporting a number of decentralized apps, coins and NFTs with plans to add many more. Wallet proves to be a useful entry point for users who then explore more advanced crypto projects.