Cryptocurrency is a type of digital asset that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Since then, hundreds of different cryptocurrencies have been created. These are often called “altcoins,” short for alternative coins.
Coinbase is a digital currency exchange 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 wallet for bitcoin.
As of February 2018, Coinbase had 13 million users. Cryptocurrencies available on Coinbase include Bitcoin, Ethereum, Ethereum Classic, Litecoin, Bitcoin Cash and more.
New coins are added regularly, so there is always something new to explore on Coinbase.