In a short period of time, cryptocurrency has gone from a small, alternative investment to one worth around $2 trillion dollars collectively. Whether you are looking to invest in crypto or use it as a form of payment, you have likely heard of Coinbase. After all, with tens of millions of users, it’s one of the most popular cryptocurrency exchanges online. It’s also one of the easiest ways to buy cryptocurrency which has helped fuel its explosion in popularity.
In a nutshell, Coinbase is a cryptocurrency exchange where you can buy popular coins like Bitcoin, Ethereum, and Litecoin. Not every coin is supported on Coinbase, but there are more than 90 different types of cryptocurrencies on the platform. Meanwhile, there are thousands of different cryptocurrencies available worldwide. Still, Coinbase lets you trade the most popular types of crypto, so it works well for most purposes.
This all makes Coinbase a good place for new crypto investors to buy and sell their favorite coins. But is Coinbase safe to use? What about the fees? We’ll address these questions and more below.