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Coinbase
Coinbase is one of the world's biggest digital currency wallet/exchange that support storing, transacting and trading of cryptocurrencies like Bitcoin, Ethereum, Litecoin etc. It one of the oldest begineer entry cryptocurrency exchange which support buying and selling of cryptocurrency directly with a connected Bank account or other payment methods.
Coinbase is a San Francisco based exchange and was founded in 2012 by Brian Armstrong and Fred Etrsam as part of Ycombinator. Coinbase started as Bitcoin Broker, selling Bitcoin directly to customers but over the years has added alot of services along the way making it one of the most reliable crypto exchange out there.
Coinbase currently has over 20 million users from all around the world with over $150 Billion worth of cryptocurrencies traded. Also Coinbase was able to raise $217 million from world leading investors like Ycombinator, Andreessen Horowitz, USV, USAA and more making it one of the most reputable crypto exchange with lots of external backing.

Coinbase support trading of BTC, ETH, LTC, BCH, ETC and more. Users can deposit using either Wire Transfer or Debit/Credit card.

It is important to note that Coinbase is a fully licensed and regulated KYC/AML complaint exchange, you are required to undergo identity verification before you can make use of it service.
Currently Coinbase support and fully operate in 32 different countries across Asia, Europe, North America and Australia.

Pros:
1. Begineer Friendly: This is one point where Coinbase really shines, it's is one of the most recommended beginner entry cryptocurrency wallet/exchange cause one does not need to know how to trade to buy and sell cryptocurrency on the platform using ones bank account. Coinbase is mostly regarded as one of the best exchange for beginners to trade Bitcoin and other cryptocurrencies, It interface is very clean, Intuitive and easy to navigate.
Coinbase also provides a mobile app available for both Android and iOS.
2. Reputation: Coinbase is one of the oldest reliable exchange out there with millions of users and it backed by reputable organizations. Coinbase is also one of the few cryptocurrency exchange that is protected by insurance.
3. Security: Coinbase takes careful security measures to ensure optimal security of users funds. According to it website, about 98% of customer funds are stored in offline storage and distributed in safe deposit boxes in different geographical location all around the world.
Two factor authentication (2FA) is also available for adding extra layer of security to user accounts.
4. Merchant API: Coinbase provides a well documented API allowing online merchant to accept cryptocurrency on their website.

Cons:
1. It Not Available Globally: Coinbase is only available in a very limited amount of countries which spread across few continent.

Based on my research, Coinbase is a legit exchange, the only major disadvantage is that it's not available in most countries. If your country is also not supported, i recommeded you to checkout Luno which is quite similar to Coinbase but support a larger number of countries.

Do you have an account here? What's your experience?
 
I'll concede their fees are bad.

I also have an account at Kraken. Over time, (as I get more coins), I'll start to use it too, then if it appears I'll save money I'll use it instead of Coinbase. But for the time being, Coinbase is great, particularly for a newbie like me. (I didn't own ANY bitcoins until early Sept/2017.)
 
Some of the users of Coinbase lost all their bitcoins in a matter of minutes. Actually, it's not only the common people but many of them are well known CEO's, bankers, investors, etc. How the hackers do it? First, they will know the email and phone # of the target using social media and research. Once they know the email and the phone #, they do some tweak in the mobile carrier. Now, the hacker just need to circumvent the text message of Coinbase phone authentication in different phone #. Alas, all the bitcoins and other cryptocurrencies of the Coinbase user in his account will be transfer into hacker bitcoin address. The last step is for the hacker 99% not to be traced is transfer the hijacked bitcoins from bitcoin wallet to monero wallet (a cryptocurrency that offers more anonymity). Actually, North Korea also use this last method in mining bitcoins and when hacking bitcoin exchanges. This month, Coinbase offers a bounty program for anyone that will report any vulnerability in their security to improve their infrastructure.

Many says Coinbase is a legit wallet while some other says no based on their experience.
 
I'll concede their fees are bad.

I also have an account at Kraken. Over time, (as I get more coins), I'll start to use it too, then if it appears I'll save money I'll use it instead of Coinbase. But for the time being, Coinbase is great, particularly for a newbie like me. (I didn't own ANY bitcoins until early Sept/2017.)
Coinbase also control bitcoins in your wallet, and it is not wise to keep large amount there and withdrew immediately.
 
BUY AND SELL DIGITAL CURRENCY

Coinbase helps you to buy and sell bitcoin, ethereum and litecoin.

Do you have an account here? What's your experience?

Well yeah i have coinbase account and i really needed it 'coz BTCspinner app only supported coinbase wallet also bitmaker but so far coinbase is one of the legit wallets for btc,eth and doge coins.
 
BUY AND SELL DIGITAL CURRENCY

Coinbase helps you to buy and sell bitcoin, ethereum and litecoin.

Do you have an account here? What's your experience?
Yes, I already have a coinbase account since one of the site that I joined requires coinbase so I will not be charge on transfer fee. I know that I can put btc there but except on that, I don't know other usage of coinbase.
 
Although Coinbase is bitcoin and wallet exchange company, but it behaves like a master bank, controls all private keys. People should use it only to buy or sell bitcoin, but not to store.
 
I also have an account on Coinbase for a long time, it is since 2012 when I joined coiurl site. From then I don't have addition wallet, but I think I also need other wallet to keep my BTC.
Coinbase also doesn't support in my country to buy or sell BTC. It is inconvenience.
 
I know coinbase is a VERY legit site....but I couldn't make an account and I dont know why. Its sad. Maybe because of the massive signups everyday since the boom of Bitcoin and it keeps on booming and more people are wanting to invest. :Banghead::Banghead::Banghead:
I know coinbase as bitcoin wallet, if people invest here can earn, I didn't have this idea. Thanks for letting me know that the site is legit.
 
Coinbase is legit, but it is like a bank instead of a wallet. I have no idea if it pays interest, but it keeps hold of all private keys, and also it charge high fees. So all users are finding better alternative.
All countries do not support it, and you can always find a wallet in your country.
 
Oh its not really an investment like your money could grow or something. What I mean is...when people are investing in a particular site and they need to have a bitcoin wallet as a payment gateway they use coinbase. But you can make money with coinbase by trading or buying bitcoin and selling it when it rise up and you'll get your profit...second, you'll receive $10 when you refer someone only if they trade in the platform.

Sorry for the confusion mam ;););)
Nothing to be sorry dear even thanks a lot for the clarification and explanation, I take time to understand things. But now its clear about coinbase. :)
 
This has been my primary Bitcoin wallet and I can say it legit and secured but the problem is just their high transaction fees,other than that, this is okay.
 
Hey guys can any one explain about coinbase is out of service it means if the website is hacked:( already nicehash was hacked:Cry:
 

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I am not sure if there are any good sites out there. But if you want to use it on your own website. Make sure to use the coinpayments options. that plugin is lot more effective than the coinbase. coinbase may wind up their business because they can't handle trade size.
 
I am not sure if there are any good sites out there. But if you want to use it on your own website. Make sure to use the coinpayments options. that plugin is lot more effective than the coinbase. coinbase may wind up their business because they can't handle trade size.
You mean,that Coinbase is not very safe to use,because there is a possibility,that they close their business?They cannot handle the Bitcoin business as well as Blockchain.info for example?I have seen,couple of days ago,that Coinbase was under maintenance couple of times...
 
Iam also in need to find a site that pays on coin base, for me i uses slidecoin as it is tge onlyone pays on it, hope someone can help us with more sites
 
Coinbase is well know in crypto world, which was adopted by huge pepole , as now I n India, still can't buy waiting for there launch in india, coinbase got a great reputation.
 

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