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Here is a Brief and Informative Coinbase Review for Novice Parties

  

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Coinbase is arguably the largest crypto exchange in the USA and this brief Coinbase review can help you get a good idea why it is one of the most popular platforms. This exchange offers some of the most impressive features to the users, whether they are experienced or inexperienced. This is one of the biggest factors why it is preferred by a great number of crypto enthusiasts, because it is suitable to be used by both beginners and experts.

However, that is not all you should know if you are a new user of the Coinbase exchange. This platform was launched in 2012 and is the second-largest crypto exchange in the world, in terms of trading volume. It takes pride in offering its services to more than 43 million verified users from more than 100 countries across the globe.

This is also considered to be one of the safest crypto exchanges in the market and aims to make crypto investing and trading safe and easy for every interested party. Here are some details of the platform novice parties should know.

Coinbase Review on its Level of Security

The safety and security offered by an exchange is one of the features that should be properly explored by the users, especially if they are new to the crypto space. Someone who is new to the crypto market can face some security risks that cannot be eliminated completely. However, the risks can be mitigated to a great extent if the users choose an exchange that prioritizes the security of the users’ accounts and funds.

If you look for safety and security offered by a platform then the Coinbase exchange can be one of the best exchanges for you. It is one of the platforms that is fully licensed and regulated and makes use of top-of-the-line security systems such as two-factor authentication system.

An additional feature mentioned in this Coinbase exchange review is that it offers insurance of digital currencies, which is not supported by every crypto platform.

Learn and Earn

This Coinbase review addresses one of the most distinctive features of the platform, which is its Learn and Earn feature. Coinbase is not just a cryptocurrency exchange but it is also an institution that aims to educate novice parties about crypto investing and trading.

This exchange takes the experience to the next level by offering educational content in the form of online guides and tutorials for the beginners. The new investors and traders can also take online exams to test their knowledge about the crypto space.

One of the benefits of this feature is that the novice parties can use the basic trading strategies and get some possible benefits from them.

Available Payment Methods

The variety of payment methods supported by the Coinbase exchange is one of its most impressive features. As a new crypto investor or trader, it is important to know that there are platforms that only offer support to a single payment method. On the other hand, there are exchanges such as Coinbase that offer several options to the users and rely on several payment methods.

Here are some of the payment methods that are supported by the crypto exchange.

  • Credit cards
  • Debit cards
  • Direct crypto deposits
  • Direct crypto withdrawals
  • PayPal
  • Wire Transfers

Coinbase Pro

Another unique and distinctive feature mentioned in this brief Coinbase review is the Coinbase Pro version. As mentioned above, this exchange is one of the most suitable ones for beginners and experts alike. This is why, the exchange offers a Coinbase Pro feature, which is specifically designed for the professionals.

This is an advanced version of the Coinbase exchange that has been created to cater the needs of experienced investors and traders. It has advanced features and trading tools that are used by the professionals.

This feature also supports more than 50 digital assets that you can trade directly for:

  • FIAT
  • Ethereum
  • Bitcoin

Digital Currencies Supported

The number and variety of digital assets supported by an exchange is another essential and crucial Feature that should be considered by the people who are looking to start investing in or trading crypto for the first time.

The Coinbase exchange may not have a very vast collection of digital currencies but it is important for you to know about your available options.

The platform offers support to 55 digital assets and is working on expanding the options. Some of the available crypto assets include the following.

  • Algorand (ALGO)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Cosmos (ATOM)
  • Decenterland (MANA)
  • EOS (EOS)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Polkadot (DOT)
  • Ripple (XRP)
  • Stellar Limen (XLM)

Key Takeaways!

There are several aspects of an exchange you should be familiar with before you choose it to start buying, selling or trading crypto. Therefore, if you are new to the crypto space you should know the details mentioned above in this brief Coinbase review.