Coinbase's user-friendly features and sleek design make buying and selling cryptocurrency a breeze. These benefits have helped Coinbase rise to the top of the list of popular cryptocurrency platforms in the UK.
Newcomers to the cryptocurrency world will be impressed by how simple it is to purchase cryptocurrency using Coinbase. But newcomers might not completely understand how expensive that convenience might be. Smaller transactions might quickly accrue fees equal to 15% of their value, drastically restricting the growth of your investment.
It's really simple to utilize Coinbase. Once you've registered, which takes no time at all, you may link a UK bank account to your account to save trade expenses. The user interface is clear and easy to use. You may set up purchases to repeat on a regular basis and use a search box to sort through the several cryptocurrency offers, including Tellor and Bitcoin. For those who are a little more tech-savvy, Coinbase enables you to exchange some cryptocurrencies for others. For instance, you may change your Litecoins for Augur. Remember that 2% of the transaction will be charged as a fee for this conversion.
As a safe marketplace to purchase and trade cryptocurrencies, Coinbase established its reputation. After the Mt. Gox incident in 2014, when around 850,000 Bitcoin were stolen, this assertion became even more relevant. This catastrophe is unprecedented for Coinbase.
According to the platform, 98% of customer money are kept off-site in different countries throughout the world, which contributes to even higher protection for digital assets. You have the option to hold your cryptocurrency in a third-party wallet in addition to having Coinbase store it for free in its service.
Additionally, Coinbase offers criminal insurance, which will defend some of your digital assets from theft and computer breaches. This insurance does not protect individual accounts; rather, it only kicks in if the Coinbase platform is breached.
While Coinbase is geared at beginners, Coinbase Pro may be of interest to more experienced traders. Both Coinbase and Coinbase Pro accept the same login information.
An extensive range of order types, including market, stop, and limit orders, as well as advanced charting features are available with Coinbase Pro.