Coinbase | Quick review, Pros, and cons

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Coinbase overview

Coinbase is a platform for trading cryptocurrencies. It’s one of the most popular platforms in the world. In Coinbase, you will be able to trade your cryptocurrencies, and you will also be able to store them in online wallets.

Using Coinbase, you will be able to trade multiple cryptocurrencies including Bitcoin and Litecoin, and you also be able to buy you favourite coins on the platform using bank cards and bank transfer.

The pros and cons of Coinbase

If Coinbase is so popular, it is above all because it is a very simple and reliable platform. It will therefore be perfect for neophytes who will have no trouble finding their way around. In addition, during each phase, from the creation of your account until the moment you start trading your cryptocurrency, you will be guided by explanations. The reliability of Coinbase is also found in the means of protecting your account since you will not only be able to protect it with a password, but also with a second authentication using your mobile phone by receiving an SMS each time you sign in. Finally, fees are below average and you will not have any unpleasant surprises, since there are no hidden fees.

However, the Coinbase platform is not yet perfect because it has several drawbacks. The first of these is the low number of cryptocurrencies available. This number is indeed much lower than on some other platforms. It is also regrettable that aid resources are not translated into other languages, which means that some people may find it difficult to navigate. However, if you do have a problem, you can still reach customer service.

Conclusion

Coinbase is the most popular cryptocurrency trading platform on the market and it is no coincidence. It has many advantages, including its reliability and great accessibility. It is indeed a platform that is perfectly suited for neophytes, since they will be guided until they are able to trade. The Coinbase system is also very secure since in addition to the password needed to access your account, you can also add a second security layer which will allow you to receive an SMS each time you try to sign in.

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