Since its inception in 2012, Coinbase has become one of the most popular cryptocurrency exchanges. Based in San Francisco, Coinbase allows users to buy and sell cryptocurrencies, as well as store them in a wallet on the site.
In addition to Bitcoin, Coinbase also supports Ethereum, Litecoin, and Bitcoin Cash.
One of the features that makes Coinbase so popular is its ease of use. Setting up an account on Coinbase is simple and only takes a few minutes.
Once you have an account, you can easily buy and sell cryptocurrencies, as well as store them in your wallet on the site.
Coinbase also offers a number of features that make it attractive to users. For example, Coinbase allows you to set up a recurring buy so that you can automatically purchase a certain amount of a cryptocurrency each week or month.
This feature makes it easy to invest in cryptocurrencies without having to worry about manually buying them each time.
Coinbase also offers a mobile app that allows you to buy and sell cryptocurrencies on the go. The app is available for both iOS and Android devices and is very user-friendly.
Overall, Coinbase is one of the easiest exchanges to use and is ideal for those new to the world of cryptocurrencies.
One thing to note is that Coinbase does not offer account statements. This means that if you want to keep track of your transactions or see your balance, you will need to do so manually.
While this may not be ideal for some users, it is important to note that Coinbase is not a bank and is not required to provide account statements.