Coinbase, Exchanges

What Is Coinbase Used For?

Coinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of bitcoin, Ethereum and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Coinbase is a founding member of the Blockchain Alliance, created to fight crime and promote best practices in the cryptocurrency industry.

Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam. It enrolled in Y Combinator’s startup accelerator program in the summer of 2012. In October 2012, the company launched the services to buy and sell bitcoin through bank transfers.

NOTE: WARNING: Coinbase is a digital currency exchange platform and should only be used for digital currency transactions. Coinbase should not be used for any other purpose. There is a risk of loss associated with trading digital currencies and you should only trade with funds that you can afford to lose. You should also be aware of the risks associated with online transactions and take appropriate measures to protect yourself from potential losses.

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 has been used to purchase goods and services online as well as convert fiat currency to cryptocurrency and vice versa. The most popular use for coinbase is as a digital wallet to store Bitcoin, Ethereum, Litecoin and other cryptocurrencies.

You can also use coinbase to buy goods and services with Bitcoin, Ethereum and Litecoin as well as convert these cryptocurrencies into fiat currency.

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