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 has been described as the most popular digital asset exchange in the world. In 2017, Coinbase was reported as processing on average $1 billion worth of digital currency per day.
As of May 2018, the company had 7.4 million active users.
Coinbase charges fees for each transaction, both for buying and selling digital currency. Fees are calculated as a percentage of the transaction total. For buying digital currency with fiat currency, Coinbase charges a 1.49% fee.
For selling digital currency and withdrawing the proceeds to a linked bank account, Coinbase charges a 1. For buying digital currency with another digital currency, Coinbase charges a 0.5% fee.
Coinbase also offers a merchant processing service called Coinbase Commerce that allows businesses to accept multiple cryptocurrency payments from global customers. Fees for this service are charged as a percentage of the transaction total and are variable depending on the type of merchant account that is used.