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Benefits of Coin base exchange that you should know

Intro:

Aug 02, 2022

Coinbase offers top-of-the-line security features like 2-factor authentication and a host of other security features like multisig wallets and secure storage.

Benefits of Coin base exchange that you should know

Coinbase provides a wallet and exchange for Bitcoin, Litecoin, and Ethereum. Coinbase has been one of the most popular destinations for buying and selling cryptocurrencies since its launch in 2012. Here are some reasons why you should consider using Coinbase as your go-to crypto exchange:

1) User-friendly platform:

Coinbase has an extremely user-friendly platform that makes it easy for first-timers to buy and sell cryptocurrencies. However, it also offers more advanced features for experienced users. Besides this, the platform is constantly being updated with new features to make the user experience even better. So, whether you're a crypto pro or just starting, Coinbase is worth considering.

2) High liquidity:

Coinbase has high liquidity which means you can buy and sell cryptocurrencies quickly without having to wait long periods. Other than this, Coinbase also offers margin trading for advanced users. However, if you're just starting out, we recommend sticking to the regular buy/sell orders. So, if you're looking for a crypto exchange with high liquidity, Coinbase is a good choice.

3) Security features:

Coinbase offers top-of-the-line security features like 2-factor authentication and a host of other security features like multisig wallets and secure storage to make sure your digital assets are always safe. In addition, Coinbase employs a strict KYC/AML policy to make sure all its users are legitimate. So, if security is a top priority for you, Coinbase is worth considering.

4) Insured wallets:

Does coinbase insure your crypto? Get crypto insurance by Coinbase. It is one of the unique selling points of Coinbase is that they offer an insured wallet for customers to store their cryptocurrencies in. The insurance policy covers losses caused by hacks, fraud, and employee theft. So, you can rest assured that your cryptocurrencies are safe and sound with Coinbase.

5) Support for multiple cryptocurrencies:

Coinbase supports buying and selling of multiple cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc. This makes it a one-stop solution for crypto users. In addition, the company is always adding new coins and tokens to its platform. Besides this, it also allows users to store their cryptocurrencies in a wallet on the Coinbase platform. So, if you're looking for a platform that supports multiple cryptocurrencies, Coinbase is the way to go.

6) Competitive fees:

Coinbase charges a 1.49% fee for buying or selling cryptocurrencies, which is pretty standard in the industry. However, they do offer discounts to users who hold their native token, called USDC, which brings the fees down to 0.50%. Other than this, Coinbase doesn't have any hidden or extra fees, which is always a good thing. However, it's worth noting that Coinbase Pro, their advanced trading platform, does have more complex fees.

7) Excellent customer support:

One of the things that makes Coinbase stand out is its excellent customer support. If you have any questions or problems, their team is always quick to respond and help you out. Besides this, they also offer a comprehensive help center on their website where you can find detailed articles and tutorials on how to use their platform.

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This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.

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