Coinbase is a digital asset exchange company founded in 2012. The company is based in San Francisco, California.
Coinbase allows clients to buy and sell digital currencies such as Bitcoin, Ethereum, and Litecoin. Coinbase also offers an API that allows developers to build applications and accept payments in both digital currencies.
Coinbase has seen a surge in popularity in recent months due to the explosive growth of the digital currency market. In November 2017, Coinbase added support for buying and selling Bitcoin Cash, a fork of the Bitcoin blockchain.
This move was met with criticism from the crypto community, as many felt that Coinbase was trying to centralize the market.
Coinbase has also been criticized for its high fees. In December 2017, Coinbase announced that it would start charging a flat fee of $4.99 for all buys and sells made through its platform.
This fee is on top of the 1.49% fee that Coinbase charges for each transaction.
Despite the criticisms, Coinbase remains one of the most popular ways to buy and sell digital currencies. The company has over 10 million users and processes over $50 billion in transactions per year.
If you’re getting texts from Coinbase, it’s likely because you’ve signed up for an account with them and have given them your phone number. Coinbase uses two-factor authentication for account security, which means that you’ll need to enter a code from your phone in order to log in or make a transaction. This is why you’re getting texts from Coinbase – they’re just trying to keep your account safe!.