Have you heard of the user-friendly Coinbase app? It's a digital currency platform where you can buy and sell Bitcoin, Ethereum, Matic, Solana, Litecoin and a range of other cryptocurrencies. You can also use Coinbase to store your cryptocurrency. Today, the platform now has an application that you can install in your devices and use on the go. Here is an in-depth review of the Coinbase app.
›› Signup at Coinbase App here
Buy and sell cryptocurrencies easily. Coinbase App is where you can go.
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Background & Overview
Coinbase App QR code to scan with phone
Coinbase is an online platform that allows users to buy and sell Bitcoin, Ethereum, Decentraland and Litecoin among other cryptocurrencies. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam. It is headquartered in San Francisco, California.
In addition to being able to purchase these three digital currencies, Coinbase also allows users to store them in a digital wallet on the site.
The company has since expanded and now operates in over 20 countries. It is regulated by the Financial Crimes Enforcement Network (FinCEN) of the United States Treasury Department. The Coinbase mobile app allows users to buy, sell, and store digital currency on their mobile devices. The app is available on both Android and iOS devices.
The app has many of the same features as the website, including the ability to buy and sell digital currency, as well as to store it in a digital wallet.
The Coinbase mobile app was recently updated to include a new feature called "Watchlist." This feature allows users to track the price of digital currencies and add them to a list for future reference. Register for Coinbase here!
Advantages at Coinbase App
+Simple and Intuitive.
+A Wide Range of Cryptocurrencies.
+It is Regulated.
+Instant Purchases.
+It is Available in Multiple Countries.
Disadvantages
-Coinbase charges a fee for buying and selling cryptocurrencies on its platform.
-Limited Payment Methods; only debit and credit cards.,
-Providing user data to the U.S government.
KYC & Registration
Coinbase requires KYC for account holders. Users must provide some form of identification to verify their accounts before they can make transactions above a certain limit. Users can deposit and withdraw money from Coinbase as long as you have provided and reached the required aggregate value for all transactions. This requirement can change depending on the level of compliance required by financial institutions.
This is a mandatory KYC process which Coinbase follows to comply with all applicable laws. It enables government agencies to track any suspicious transactions made through the platform. This process is called Enhanced Due Diligence (EDD).
Registration Process in 3 Steps
+Click on "Sign Up" at the top right corner of the screen
+Fill in your information and choose a security authentication method to secure your account (Coinbase offers SMS, Email, Authy App). The email address will be used for communication purposes only. It is not necessary when making transactions.
+Once you've created an account, access it and click on "Get Started" in the upper right hand corner of your screen. From there, you will be able to add your bank information and purchase cryptocurrency.
Leverage
▪ Rated at 9/10Coinbase provides its users with a secure platform for storing, selling, and buying digital currency. Coinbase offers an intuitive interface that enables people to easily buy/sell digital currency. The platform is accessible on browsers as well as through mobile apps that are available on Android and iOS devices. It one of the few cryptocurrency platforms that is regulated by FinCEN. This gives users an added layer of security and assurance that their funds are safe.
Costs
▪ Rated at 9/10Coinbase has a 0.25% fee for buying and selling digital currency. The company also charges a 1% fee for transactions that are made with a debit or credit card. These fees are waived for customers who use Coinbase's wallet service.
Deposit Methods
▪ Rated at 7/10Below you can see a list of the deposit methods available on Coinbase App. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
Broker Support
▪ Rated at 10/10Coinbase has a very comprehensive customer support system. The company takes pride in their team of professionals who serve as customer support agents and help users with various problems.
The team can be reached through phone, email, or chat. They are available via email 24/7 and answer emails quickly, on average within 30 minutes of receiving them. Users can also contact the company through social media platforms.
Other Names for Coinbase App
Coinbase App is or has also been known under the following names: Coinbase Inc.
FAQ
Enjoy Quality Security: How safe it is?
Coinbase takes security very seriously. They have implemented multiple layers of security, including 2-factor authentication and a host of other measures.
The company is also regulated by the Financial Crimes Enforcement Network (FinCEN) of the United States Treasury Department. This regulatory body focuses on preventing money laundering and other illicit financial activities.
Is it a reliable site?
Yes, Coinbase is a very reliable site. It has been featured in numerous publications and news outlets. The company also complies with all applicable laws and regulations to ensure that its users are complying with anti-money laundering rules.
How does this company earn money?
Coinbase charges a fee for buying and selling cryptocurrencies on its platform. This can be a major drawback for people who are looking to make frequent transactions.
Who started this company?
The company was founded by Brian Armstrong and Fred Ehrsam. Coinbase is based in San Francisco, California.
Instruments available
▪ Rated at 10/10
Crypto Currencies
EOS/USD, BTC/EUR, ETH/BTC, LTC/USD, XRP/USD, BCH/BTC, XMR/EUR, ZEC/BTC, BCH/USD, ZRX/USD, GNT/BTC, ETC/EUR, ADA/USD, XLM/USD, XMR/USD, USDT/USD, BNB/USD, NEO/USD, IOT/USD, FIL/USD, BAND/USD, GRT/USD, MANA/USD, METIS/USD, METIS/USDT, CVC/USD, DNT/USD, KNC/USD, AAVE/USD, NU/USD Coinbase App QR code to scan with phone
Screenshots from Coinbase App
Last Updated: Sunday, 14 Aug 2022 10:27 pm
Coinbase falls like a rolling rock, -21%
