Coinbase, Exchanges

How Much Do You Need to Start Coinbase?

Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam. As of January 2018, Coinbase had 14 million verified users.

So, how much do you need to start Coinbase?

Coinbase requires very little information to create an account. You will need to provide your name, email address, and create a password.

NOTE: WARNING: Before deciding to invest in Coinbase, it is important to understand the risks associated with cryptocurrency trading. Investing in cryptocurrencies carries a high level of financial risk, and is not suitable for all investors. You should carefully consider whether you can afford to take the high risk of losing your money. Do not invest more than you can afford to lose.

You will also be asked to verify your phone number. Once you have created an account, you can link your bank account, debit card, or credit card so that you can exchange digital currency into and out of your local currency.

Coinbase has two main products: a Global Digital Asset Exchange (GDAX) for trading a variety of digital assets on its professional asset trading platform, and a user-facing retail broker of Bitcoin, Bitcoin Cash, Ethereum and Litecoin for fiat currency deposits and withdrawals. They also offer an API for developers and merchants to build applications and accept payments in both digital currencies.

As of May 2017, the company had raised $106 million in 6 rounds of funding from venture capitalists, including a $75 million Series C led by IVP on January 26, 2018.

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