If you are a new Coinbase user, you may be wondering why your limit is $0. There are a few reasons for this. First, Coinbase limits how much you can buy or sell in a given day. This is done to prevent fraud and protect users from losing too much money at once. Second, Coinbase may need to verify your identity before allowing you to make trades.

This is done to comply with anti-money laundering lAWS. Finally, your limit may be $0 because you have not yet completed the verification process. To verify your identity, you will need to provide some personal information and documentation. Once you have done this, your limit will likely increase.

It’s been a wild ride for investors in Coinbase Global (NAsdaQ: COIN), the largest cryptocurrency exchange in the U.S. The stock made its public debut on April 14 at a price of $250 per share, and it has since soared to as high as $429.

54. That’s a gain of over 71% in just a few weeks.

Now that the dust has settled, some investors are wondering if Coinbase is a buy at its current price. Let’s take a look at the case for and against buying Coinbase stock today.

The case for buying Coinbase stock

There are several reasons to be bullish on Coinbase stock. First, the company is benefiting from the growing popularity of cryptocurrencies.

Bitcoin, the largest cryptocurrency by market value, has more than doubled in price this year, and other digital currencies have posted even bigger gains. Ethereum, the second-largest cryptocurrency, is up over 400% year to date.

Coinbase is also benefiting from institutional adoption of cryptocurrencies. In the past few months, we’ve seen several major corporations invest in Bitcoin, including Square (NYSE: SQ), Tesla (NAsdaQ: TSLA), and MassMutual.

We’ve also seen hedge funds launch cryptocurrency funds, and investment firms launch cryptocurrency exchanges. All of this activity is driving more traffic to Coinbase’s platform.

Finally, Coinbase is positioned to benefit from the launch of crypto ETFs in the U.

The first crypto ETF was launched in Canada last month, and there are several more ETFs in registration with the Securities and Exchange Commission. If these ETFs are approved, they will likely drive even more institutional money into cryptocurrencies.

The case against buying Coinbase stock

The biggest risk for Coinbase investors is a sharp drop in cryptocurrency prices. While Bitcoin and Ethereum have been on a tear this year, there’s no guarantee that their prices will continue to rise at such a rapid pace.

In fact, crypto prices are notoriously volatile, and sharp drops are not uncommon. For example, Bitcoin fell by over 50% in 2018 after reaching an all-time high earlier that year.

Another risk for Coinbase is regulatory uncertainty. Cryptocurrencies are not currently regulated at the federal level in the U., though that could change if lawmakers take action on crypto legislation this year.

Additionally, states have begun to crack down on unlicensed crypto exchanges like Coinbase. Earlier this year, New York Attorney General Letitia James filed a lAWSuit against Coinbase alleging that it had engaged in “deceptive practices” and had failed to obtain a license to operate in the state. If other states follow suit, it could create headaches for Coinbase down the road.

Lastly, it’s worth noting that Coinbase is not profitable on an GAAP basis due to the way it records revenue from transactions involving cryptocurrencies that appreciate in value after being purchased on its platform (known as “realized gains”). This accounting treatment could change in the future if cryptocurrencies become more regulated or if accounting standards evolve, but for now it’s something to be aware of when considering an investment in Coinbase stock.

As the world’s largest cryptocurrency exchange, Coinbase is often the first stop for many when they want to invest in Bitcoin, Ethereum, or other digital assets. But is Coinbase the best wallet for your needs? Let’s take a look at some of the features that make a good cryptocurrency wallet and see how Coinbase compares.

Ease of Use: One of the most important features of any wallet is how easy it is to use. After all, if you can’t figure out how to send or receive funds, then the wallet isn’t much good.

Coinbase is one of the easiest wallets to use, with a clean interface that even first-time users will find intuitive.

Security: Another key feature of any wallet is security. You want to be sure that your funds are safe and that you have control over them.

Coinbase takes security seriously, with multiple layers of protection, including 2-factor authentication and a host of security features for both individuals and institutions.

Supported Assets: Not all wallets support all assets, so it’s important to check that your wallet supports the assets you want to hold. Coinbase supports a wide range of digital assets, including Bitcoin, Ethereum, Litecoin, and more.

Cost: When you’re choosing a wallet, you also need to consider the cost. Some wallets are free to use while others charge fees.

Coinbase charges fees for its services, but these are generally very reasonable.

Coinbase is one of the most popular cryptocurrency wallets due to its ease of use and strong security features. However, there are other wallets out there that may be better suited for your needs depending on what you’re looking for.

If you want more control over your funds or want to hold a wider range of assets, then you may want to look into other options.

It’s a common question asked by newcomers to the cryptocurrency space: “Is my Coinbase portfolio my wallet?” The answer, unfortunately, is a bit more complicated than a simple yes or no.

To understand why, we first need to take a step back and define what we mean by a “wallet.” A cryptocurrency wallet is simply a software program that stores your private keys and public addresses.

Your private keys are what allow you to spend your cryptocurrency, while your public addresses are used to receive funds.

Coinbase, on the other hand, is a cryptocurrency exchange. This means that it allows you to buy, sell, and store cryptocurrencies.

However, it’s important to note that Coinbase does not actually hold your private keys. That responsibility falls on you, the user.

So, when you ask “is my Coinbase portfolio my wallet?,” the answer is technically no. However, Coinbase does offer a service called Coinbase Wallet that can be used as a wallet.

Coinbase Wallet is a separate product from Coinbase Exchange, and it offers features that are more in line with what you would expect from a traditional wallet.

With Coinbase Wallet, you control your own private keys. This means that you are the only one who can access your funds.

Additionally, Coinbase Wallet offers features like multi-currency support and an easy-to-use interface.

If you’re looking for a traditional cryptocurrency wallet, then Coinbase Wallet is a good option. However, if you’re just looking to buy and sell cryptocurrencies on an exchange, then Coinbase Exchange is probably a better fit for you.