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Exchanges

What Is Coinbase? Cryptocurrency Exchange

Coinbase is one of the leading exchanges that deal in cryptocurrencies to fiat currency. They are known to be a very beginner-friendly exchange.

Where do I find the Coinbase exchange?

Coinbase can be accessed on their website. They do also have an app for Android and IOS devices. Beware of phishing sites when using the exchange, it’s a great idea to bookmark the website www.coinbase.com.

 

The GDAX exchange

Coinbase is using their own exchange to carry out buy and sell orders. Their exchange is called GDAX, and can be found here. The GDAX exchange offers more advanced buy and sell order types, but the regular buy and sell options on Coinbase are recommended for beginners.

 

What is the current Coinbase volume?

To see the volume of Coinbase, you have to look at the volume of GDAX. At the time of this writing, GDAX’s total trading volume is approximately $230,000,000 in the last 24 hours. When the entire cryptocurrency market changes, the trading volume of Coinbase follows. To see the current trading volume click here.

What are the most traded cryptocurrencies on Coinbase?

Coinbase only trades 4 cryptocurrencies at the moment, but have announced that more will be added in the future. Their most traded cryptocurrencies are as follows

  1. Bitcoin (BTC) – 24 hour trading volume: $111,200,000
  2. Ethereum (ETH) – 24 hour trading volume: $52,300,000
  3. Litecoin (LTC) – 24 hour trading volume: $45,150,000
  4. Bitcoin Cash (BCH) – 24 hour trading volume: $16,000,000

Values as of the time of writing. 

What are the fees on Coinbase?

The fastest and easiest way to purchase cryptocurrencies on Coinbase is with a credit card or a debit card. Some payment providers have unfortunately blocked the use of credit cards and debit cards to purchase cryptocurrencies. If you are able to use this method, you will receive your purchased digital assets instantly in your digital Coinbase wallet. This method does come with a high fee of 4%.

You can also connect your bank account and use that to fund your account and then buy cryptocurrencies. On Coinbase there is a 1.5% fee when buying crypto through this method, but if you use your Coinbase account on GDAX after funding your account, you get a 0.25% fee instead of by placing an order directly on the GDAX exchange.

Depositing fiat currency or cryptocurrencies to your account has no fees, besides from network fees for crypto deposits and potential processing fees for fiat currency, but Coinbase has nothing to do with those and receives none of those.

You can learn more about their fees here.

Does Coinbase have a referral/affiliate program?

Yes, after creating an account on Coinbase, click on your username in the top right of the dashboard, and click invite friends. You will then be presented with your own referral link. When people sign up through your link and purchases at least $100 worth of cryptocurrency, you will receive $10 worth of Bitcoin in your Coinbase account. The following is useacoin.com’s referral link: https://www.coinbase.com/join/59e096056d5fb601d6f629d7

Does Coinbase have a mobile app?

Yes, the Coinbase app is out both on the Google Play store and the App Store. You can find the IOS version here and the Android version here.

How to join Coinbase?

To join Coinbase, simply click here, and fill in the information. After signing up, you might have to verify your identity in order to start buying and selling cryptocurrencies.

Who is the creator of Coinbase?

Brian Armstrong is the founder and CEO of Coinbase. The following is his official Twitter account: https://twitter.com/brian_armstrong

Coinbase social media

Coinbase updates their users and the community on several major social media platforms

Twitter: https://twitter.com/coinbase

Facebook: https://www.facebook.com/Coinbase/

 

 

useacoin.com is not a financial advisor and does not provide legal or financial advice. Always do your own research and invest responsibly.

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