Coinbase, Exchanges

What Type of Account Is Coinbase?

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. As of January 2018, Coinbase had 13 million users.

Coinbase allows you to buy and sell digital currency, as well as store it in a wallet on the site. You can also use Coinbase to buy goods and services with Bitcoin, Ethereum, and Litecoin.

In order to buy or sell digital currency on Coinbase, you will need to create an account. Accounts on Coinbase are free and can be created using an email address or a Facebook account.

NOTE: This is a warning note to all users considering using Coinbase as an account type:

Coinbase is a digital currency exchange, not a bank or financial institution. As such, it is not subject to the same regulations as banks or other financial institutions and does not offer the same protections. Coinbase is not FDIC insured and any funds you store in your Coinbase account are not insured against losses or theft. You should always exercise caution when storing your digital currency on any third-party platform, including Coinbase. Additionally, Coinbase may impose certain restrictions on transactions and access to funds that you should be aware of before investing.

Once you have created an account, you will need to link a payment method in order to buy or sell digital currency. Payment methods that can be used include bank accounts, debit cards, and credit cards.

After you have linked a payment method, you can add funds to your Coinbase account by buying digital currency with fiat currency or by transferring funds from another exchange or wallet.

Coinbase allows you to hold three types of digital currency: Bitcoin, Ethereum, and Litecoin. When you sign up for a Coinbase account, you automatically have a Bitcoin wallet that is used to store your BTC balance.

You can also create separate wallets for each type of digital currency that you hold on Coinbase. For example, if you want to store your ETH balance in a separate wallet from your BTC balance, you can do so by creating an ETH wallet within your Coinbase account.

The conclusion is that Coinbase is a digital asset exchange company that allows users to buy and sell Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries. You can also use Coinbase to store digital currency in a wallet on the site or on your mobile device.

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