Coinbase, Exchanges

Is Coinbase a Good Service?

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. Armstrong is a former software engineer at Airbnb and Ehrsam is a former Goldman Sachs trader. As of May 2017, Coinbase had 7.4 million users with over $1 billion in annual revenue.

NOTE: WARNING: Coinbase is an online platform that allows users to buy, sell, transfer, and store cryptocurrency. Although Coinbase is a legitimate company that provides a useful service, it is important to note that investing in cryptocurrency involves significant risk. Cryptocurrency prices can be volatile and can fluctuate significantly within a short period of time. Therefore, it is important to exercise caution and do your research before investing in any type of cryptocurrency through Coinbase or any other service.

In 2016 Coinbase ranked 4th on Forbes’s Fintech 50 list. In October 2012, the company launched the services to buy and sell bitcoin through bank transfers. In May 2013 the company received a US$5 million Series A investment led by Fred Wilson from the venture capital firm Union Square Ventures. In December 2013, the company received a US$25 million investment, from the venture capital firms Andreessen Horowitz, Union Square Ventures (USV), and Ribbit Capital.

Coinbase allows clients to buy and sell digital currency using a variety of payment methods, including credit cards, debit cards, bank transfers, and wire transfers. The company has also developed mobile apps for iOS and Android devices.

The Coinbase exchange has a 1% flat fee for each purchase or sale transaction.

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