Coinbase Explained

Coinbase is a popular website that provides users with a bitcoin wallet and exclusive access to cryptocurrency. And, you can buy, sell, or trade bitcoin, litecoin or etherium on Coinbase. Also…

With Coinbase, you can also send and receive bitcoin worldwide. Fortunately for bitcoin holders, crytocurrency is the currency of the future and it’s popularity is soaring in response.

coinbase
There are no physical bitcoins, only balances kept on a public ledger in the cloud , that – along with all bitcoin transactions – is verified by a massive amount of computing power

Bitcoin Soars!

Bitcoin is a currency that exists on the Internet  where it was created. It’s purpose was to provide a secure alternative to cash as a medium of exchange. As such, bitcoin is not controlled or can be manipulated by the governments of the world or the corrupt banking system.

Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies. In fact…

Cryptocurrency or bitcoin really serves the need of the Internet generation. And, once again,  it does not belong to any government and is not controlled by any bank. It is a digital currency created in January 2009. And, It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto. (Interestingly, this person’s true identity is yet to be verified). Therefore…

  • Buy and sell popular digital currencies, keep track of them in the one place. Also…
  • Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly. And…
  • For added security, store your funds in a vault with time delayed withdrawals. In addition…
  • Stay on top of the markets with the Coinbase app for Android or iOS.

Coinbase storage is secure

As such, your digital asset is stored in a secure online storage. Hence, eliminating the risk of hacking. And…

Protected by insurance

All cryptocurrency on the coinbase network is covered by their insurance policy. Thus,

Industry best practices

The most popular digital currencies are supported and it only takes a few minutes to get started. Therefore…

Coinbase is excellent for storing, trading and forecasting and you get to be a part of a reference program. This reference pays you $10 in bitcoin on every reference that purchases a $100 worth of bitcoin. Thus…

Create an account with Coinbase and link your bank account, and start buying and selling bitcoin today..

Benefits for those that do not have access to a bank account and why they would benefit from a bitcoin wallet?