Coinbase, Exchanges

What Is Coinbase Verification Code?

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 January 2018, Coinbase had 13 million users.

Coinbase has been described as the most popular cryptocurrency exchange in the world. In October 2016, they launched their Coinbase Exchange product which was an important step in their goal to become the first regulated US-based cryptocurrency exchange.

NOTE: WARNING: Coinbase Verification Code is a code that is used to confirm your identity and verify your account. It should not be shared with anyone else or used for any purpose other than verifying your account with Coinbase. If you receive an unsolicited message requesting this code, do not provide it and report the incident immediately to Coinbase.

In May 2017, they announced that they had reached an agreement with Digital Currency Group to invest $10 million in the company.

In January 2018, Coinbase announced that it had acquired Cipher Browser, a blockchain explorer and wallet for the Ethereum network. The acquisition was part of Coinbase’s effort to expand its services into new markets.

Coinbase has been criticized for its high fees and lack of customer support. In December 2017, they changed their fee structure for certain types of transactions which led to an outcry from their customers.

In March 2018, they suspended trading on their GDAX platform for two hours due to extreme volatility in the price of Ethereum.

Previous ArticleNext Article