If you’re looking to buy Coinbase, there are a few places you can do so. You can purchase it on the Coinbase website, through a broker, or on a cryptocurrency exchange.
Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. We’re based in San Francisco, California.
Coinbase is the world’s largest Bitcoin broker, and also offers an exchange, wallet, and developer API.
Coinbase’s popularity has exploded in recent years. They are now one of the most well-funded startUPS in the space with over $100 million in venture capital from firms like Andreesen Horowitz, DFJ Growth, IVP, and more.
If you want to buy Coinbase, there are a few things you need to know. In this article we will cover:
What is Coinbase?
How to Buy Coinbase?
Why Should You Buy Coinbase?
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin (₿), Ethereum (Ξ), Litecoin (Ł) with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide. Coinbase was founded by Brian Armstrong and Fred Ehrsam on June 20, 2012.
As of Jan 26, 2018 they had 12 million users. 14,500 employees work for Coinbase as of Dec 2017. .
How to Buy Coinbase There are three primary ways to buy coinbase 1) Directly through the coinbase website 2) Through a broker 3) On a cryptocurrency exchange Let’s take a look at each option in more detail 1) Directly through the coinbase website The easiest way to buy coinbase is directly through their website using your credit or debit card. Pros: – Simple and easy to use – Fast way to get your hands on some coinbase – Convenient Cons: – Fees are relatively high at ~4% – You need to trust that coinbase will not steal your money or go bankrupt Overall buying directly from coinbase is probably the best option for most people looking for convenience and simplicity. 2) Through a broker If you want to avoid paying high fees then you can use a broker like eToro or Plus500 which will let you buy coinbase with much lower fees (around 0.1-0.3%). Pros: – Lower fees – Can also use leverage to trade coinbase (i.e. borrow money from the broker to trade with) which can magnify your profits Cons: – Not as simple or convenient as buying directly from coinbase – Need to deposit money into the account with the broker beforehand 3) On a cryptocurrency exchange Another way to buy coinbase is on a cryptocurrency exchange like Kraken or GDAX which offer lower fees than buying directly from coinbase but can be more complicated to use.
Pros: – Lower fees than buying directly from coinbase (~1%) – More control over your coins as you hold them in your own wallet on the exchange Cons: – Not as simple or convenient as buying directly from coinbase – Requires some knowledge of how exchanges work Overall buying coinbase on an exchange is probably best for people who want more control over their coins and don’t mind dealing with a slightly more complicated process. Why Should You Buy Coinbase? There are many reasons why you might want to buy Coinbase but here are some of the most popular ones: 1) To speculate on the price Of course one of the main reasons people want to buy Coinbase is because they think the price will go up and they want to make money from it! While this can certainly be true sometimes it’s important to remember that prices can go down as well as up so you could lose money if you’re not careful. 2) To use it as currency Another reason people want to buy Coinbase is because they see it as digital “gold” or “silver” and think it has real value that can be used as currency. While this is certainly true to some extent there are still many obstacles preventing it from being used widely as currency (e.g. volatility, lack of widespread adoption). 3) To invest in an exciting new technology Lastly some people simply want to invest in an exciting new technology that has lots of potential (like blockchain). Whatever your reason for wanting to buy Coinbase make sure you do your own research first and don’t invest more than you can afford to lose!.