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 criticized for its role as an intermediary in the sale of bitcoins that were allegedly used to purchase illegal goods on the now-defunct Silk Road marketplace. In December 2014, Coinbase announced that it had raised US$75 million as part of a Series C funding round, led by the venture capital firm IVP.
Is Coinbase App Legal The simple answer is yes. However, there are some caveats. For one, Coinbase has been known to be one of the most reliable exchanges when it comes to security. They have implemented multiple layers of security, including 2-factor authentication and a host of other measures.
However, no system is perfect and there have been some high-profile hacks of exchanges in the past. This is something to keep in mind if you are holding any large amounts of currency on the platform.